Naples market report | Fort Myers FL Homes

Naples Market Report Summer 2011

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This report just came through in Gulf Shore Business:


The real estate industry in Collier County has shown signs of stabilizing in the last year, according to a report released by the Naples Area Board of Realtors (NABOR), which tracks home listings and sales within Collier County excluding Marco Island. The July report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. Overall pending sales for the 12 months ending July 2011 increased 3 percent with 10,030 contracts compared with 9,785 contracts for the 12 months ending July 2010. The median closed price for properties over $300,000 increased 2 percent to $550,000 for the 12 months ending July 2011 compared with $540,000 for the same period ending July 2010. According to Brenda Fioretti, NABOR president and managing broker of Prudential Florida Realty, “Inventory continues to drop at a rate of 19 percent for this period and we currently have less than nine months of inventory, which is the lowest we have seen since tracking the available inventory in April 2007.”

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