John R. Wood, Realtors
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Annual Housing Review for 2010
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Last Month's eNewsletter
Pended Sales close to 2005 levels!
Pended sales for January were up 5% over 2010 and the momentum is continuing into February. This follows a 49% increase in pended sales from January 2009-2010, and makes it the second highest January on record. Properties priced above $300,000 accounted for approximately one-third of the pended sales for the month, while those priced under $250,000 comprised 65%.
Meanwhile, closed sales for January were the third highest on record for the month. Sales of properties priced above $1 million remained nearly constant with the prior year, while 67% of all closings were properties priced under $250,000.
Active inventory as of February 1, 2011, in the Naples, Bonita Springs, Estero market stood at 10,522 units, which equates to 5,418 condos and 5,104 single-family homes. This is approximately the same as January 2010 and represents a balanced market with close to a one-year supply.
Boston Globe article... Naples Pricing Primetime for Home Buyers ! View the full article Here
See the January Monthly Housing Report or the Neighborhood Report at end of January.
For those seeking Naples Beach & Waterfront condos, view the Gulfshore Blvd Annual Year-end Report for 2010.
***Profiles of New Construction Developments & Homes in the Naples & Bonita Springs Area Here***