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Naples Real Estate Market Report May 2010

Market Report for the Naples, Bonita and Estero market areas – May 2010

Listed, Pended, Closed Year to Date May 2010

Listed, Pended, Closed Month of May 2010

Breakdown By Price Category Year to Date May 2010

CLOSED SALES

  • Year-to-date May closed units are up 38%.
  • Year-to-date May closed volume is up 45%.
  • Closings for the month of May are up slightly, but almost on par with May 2009.
  • Average and median closed sales prices are up approximately 5% over year-to-date May 2009.

PENDED SALES

  • Year-to-date pended sales are up 22% over 2009.
  • May pended sales units are down 8% from May 2009, but still the third highest for the month in the 11 year period for which we have data.
  • Pended sales in all price categories continue to outpace May 2009 with the exception of properties priced above $5,000,000. This segment is even with 2009 with three sales pended in May of both years.

NEW LISTINGS

  • New listings taken in May are down approximately 1% from May 2009.
  • New listings taken year-to-date are down 7% from same period, prior year.
  • Available inventory on June 1, 2010 stands at 9,800 units in the combined Naples, Bonita Springs, Estero market (5,013 condominiums and 4,787 single family homes). This represents a 19% decline from June 1, 2009 (6,083 condominiums and 5,949 single family homes).
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2010 Sunshine MLS, LLC. All rights reserved. The
accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”