Naples Florida Real Estate Update 7/27/10

Naples Florida real estate statistics I explored this evening:

Naples Florida homes closed during the last 12 months=3,933

Naples Florida homes currently pending contract=1,008

Naples Florida homes currently available=3,281. Barely over 10 month supply YAE!

Naples Florida condos closed during the last 12 months=3,413 

Naples Florida condos currently pending contract=719

Naples Florida condos currently available=3,620. Nearly 13 months of inventory.

Naples Florida villas closed during the last 12 months=635

Naples Florida villas currently pending contract=145

Naples Florida villas currently available=619 Just over 11 months of inventory.

All Naples homes/villas/condos under $500,000
5,061 Active
1,673 Pending
6,615 Closed (last 12 months)
Nearly 11 months of inventory currently available.  This market has stabilized.  Owners are tightening negotiations...pricing is going up (in many locations) inventory is light (in some areas)

All Naples homes/villas/condos between $500,000-$1,000,000
1,358 Active
126 Pending
853 Closed (last 12 months)
Over 19 months of inventory currently available. A good place to make a deal.

All Naples homes/villas/condos between $1,000,000-$1,500,000
442 Active
38 Pending
239 Closed (last 12 months)
Over 22 months of inventory currently available. A good place to make a deal.

All Naples homes/villas/condos between $1,500,000-$2,000,000
295 Active
22 Pending
133 Closed (last 12 months)
Over 26 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/villas/condos between $2,000,000-$3,000,000
257 Active
17 Pending
125 Closed (last 12 months)
Over 24 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/villas/condos between $3,000,000-$5,000,000
173 Active
8 Pending
77 Closed (last 12 months)
Nearly 27 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/condos/villas over 5 million
97 Active
3 Pending
41 Closed 3.41
Over 28 months of inventory currently available. A GREAT place to make a deal.

The point of this update was to illustrate if you've been sitting on the side lines waiting for the perfect time to purchase Naples real estate, your window of opportunity is shrinking if you're purchasing less than $500,000. 

You still have some time in all other price ranges but I don't think it will take very long for the next price range ($500,000-$1,000,000) to catch up.

For more information regarding the Naples Florida real estate market, contact me direct!

Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!