Friday, November 28, 2008

NABOR report shows prices over $300,000 have stabilized

Over the past 12 months, the median sold price for properties over $300,000 has increased and the upward trend continues, according to a report released by the Naples Area Board of Realtors, which tracks home listings and sales within Collier County (excluding Marco Island).
"In the category of homes valued over $300,000, the median sold price increased 1 percent in the past 12 months, indicating that prices have stabilized in that category. In the under-$300,000 category, foreclosures and short sales continue to influence home prices as the median sold price decreased 17 percent," according to Phil Wood, managing broker of John R. Wood Realtors. For the 12 months ending October 2008, the median sold price for properties over $300,000 increased 1 percent to $566,000, compared to $558,000 for the 12 months ending October 2007.
The report shows the average days a property is on the market has decreased for single-family homes and condominiums.
The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges and geographic segmentation. It also includes an overall market summary. Source: Florida Weekly

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Tuesday, November 4, 2008

Saturday, October 25, 2008

Sales of existing homes across U.S. up in September

Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.

Lawrence Yun, chief economist for the Realtors, said a sales turnaround first seen in California was beginning to broaden to other regions of the country including Colorado, Kansas, Minnesota, Missouri and Rhode Island.

The rise in September sales pushed activity to a seasonally adjusted annual rate of 5.18 million units last month. Sales were up 9.6 percent on a year-over-year basis before adjusting for seasonal changes.

By region of the country, sales soared by 16.8 percent in the West and rose a more moderate 4.4 percent in the Midwest and 2.2 percent in the South. The only region of the country which saw a decline was the Northeast, where sales fell by 1.1 percent.
Source: naplesnews.com

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Monday, October 6, 2008

Tuesday, September 30, 2008

CNN Money Ranks Collier County the 4th Best Place for a Long Life!

#4 Collier County, FLTowns include: Golden Gate, Naples -Life expectancy at birth: 80.97 years.
Collier County, which includes the city of Naples, is the picture of Florida leisure.
By land area, Collier is the largest county in the state, and 80 percent of it is devoted to parks and nature preserves. Any kind of water-related recreation or exercise you can think of is readily available. Naples has long been a destination for artists: Take a class at the Von Liebig Center or just work your way through the county's 100-plus art galleries.You can also take in a show-or star in one-with the Naples Players, which is recognized as one of the nation's top community theaters.
source: cnnmoney.com

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Tuesday, September 16, 2008

Saturday, August 30, 2008

Existing single-family home sales up 80 percent in Fort Myers/Cape Coral

Sales made with the help of a Realtor in Southwest Florida rose again in July. Existing single-family home sales — or resales — grew by 80 percent to 768, from 426 a year ago, in the Fort Myers/Cape Coral market.


Condo sales rose 35 percent to 174, from 129 a year ago, according to statistics from the Florida Association of Realtors. On Marco Island, 31 single-family homes sold, up 19 percent from 26 a year ago. Condo sales rose 5 percent to 41, up from 39 in the same month last year.


[T]he Naples Area Board of Realtors in its own market report showed sales continued to rise in July. There were 361 home sales, up 31 percent from 275 a year ago.
Source: naplesnews.com

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