Newest report released by the Naples Area Board of REALTORS (NABOR), which tracks home listings and sales within Collier County, shows the positive momentum continues forward.
NABOR says 'dramatic increase in overall sales with inventory diminishing in Collier County'. Encouraging signs of favorable market conditions moving buyers.
2009 showed a series of strong pending and closed sales for each consecutive month with double-digit increases over the 2008 sales figures.
Overall pending sales in 2009 increased 71%
9,513 contracts compared to 5,567 in 2008
7,056 closed sales compared to 4,756 in 2008
Inventory continues its steady decline as the houseing market improves. According to Mike Hughes, NABOR Media Relations Director, "All price ranges showed a decrease in inventory. The decrease varied from 9% in the below $300,000 range and up to 25% in the $300,000 to $500,000 range."
Overall condo pending sales increased 69% with 4,243 contracts in 2009, compared to 2,505 in 2008
Overall median closed price decreased 35% to $178,000 in 2009 from $274,000 in 2008
The fourth quarter of 2009 - 92% increase in pending sales compared to same quarter in 2008
We are seeing sales steadily move to higher priced ranges. Both single-family pending and closed sales increased in all price ranges below two million, says Jo Carter, local broker.
