September is notoriously the slowest month for real estate in Naples. And yet, there was a 22% increase in pending sales this September when compared to September 2011. Plus, when looking at third quarter overall, pending sales jumped 12% compared to third quarter 2011.
That’s a lot of activity during a time of the year when we Neapolitans think absolutely nothing is happening. Even though our roads are less traveled and our restaurants have less patrons, this summer people were here buying our real estate!
As such, our inventory of homes for sale continues to decrease. As of October 19, Naples (excluding Golden Gates Estates) only had 4,909 single-family homes and condos for sale.
Cindy Carroll, vice president of Carroll & Carroll Real Estate Appraisers & Consultants, says more inventory would be helpful. “Resale inventory continues to decline despite the fact that new home building has returned.”
Here are the latest Naples real estate highlights:
- The median closed sale price increased 10% from 175,000 in third quarter 2011 to $192,000 in third quarter 2012.
- Average days on market increased 1% from 171 days in third quarter 2011 to 173 days in third quarter 2012.
- In the $300,000-$500,000 price range, pending sales increased 96% from 67 pending sales in September 2011 to 131 in September 2012.
- Overall inventory decreased 12% when comparing September 2011 with September 2012.
Curious how your Naples neighborhood is doing? Click here to review inventory supply levels by neighborhood in Naples.
Don’t see your neighborhood? Contact me and I’ll be happy to review the market data.
Alysia Shivers Realtor | Naples Florida Real Estate | 239.877.9732
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