John R. Wood, Realtors
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Year-End Housing Review for 2011
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Last Month's eNewsletter
| Closed Sales are up in February 2012; March activity shows no signs of slowing down
In this month's John R. Wood Market Report, closed sales priced above $1,000,000 continue to rise with 49 closings in Feb compared to 42 closings this same time last year. During the first two months of 2012, median sales prices are at the highest level for the same period since 2008. Additionally, properties priced between $500,000 and $750,000 posted the biggest gains over prior year with a 30% increase over year-to-date 2011.
Regarding pended sales, February 2012 is the third highest on record for the month. The number of pended sales between $500,000 and $1,000,000 is up 31% over first two months of 2011; the largest increase of any segment.
The number of new listings taken in February is the lowest for the month since 2005. On March 1, 2012, available inventory in the combined Naples, Bonita Springs and Estero market stands at 8,059 units (4,336 condominiums and 3,723 single family homes). This represents a 9.2 month supply based on the number of closings in the past 12 months.
Click HERE to see the full Market Report for February 2012.
See the Neighborhood Report at end of February.
View the Comprehensive Year-End Review for 2011 Property Sales.
View the Gulf Shore Blvd Year-end Housing Report for 2011.
***Profiles of New Construction Developments & Homes in the Naples & Bonita Springs Area Here***