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Naples Market Report for August 2010

Market Report – August 2010
for Naples, Bonita, Estero Market Areas

Listed, Pended, Closed Year to date August 2010
Listed, Pended, Closed Year to date August 2010

Listed, Pended, Closed Month of August 2010
Listed, Pended, Closed Month of August 2010

Breakdown by Price Category Year to date August 2010
Breakdown by Price Category Year to date August 2010 (This chart shows the percentage of the market represented by each price segment.)

CLOSED SALES

  • The number of closed sales through August is up 21.5% over the same period 2009, and second only to 2005 during the past ten years.
  • Closed volume is up 31.6%.
  • Average sales price year-to-date August is at its lowest level since 2001.
  • Closed sales for the month of August are down 12% from August 2009.

PENDED SALES

  • Pended sales units for the month of August were down 17% from August 2009.
  • The total number of sales pended year-to-date August are the highest since 2005, and are up 8% over the same period 2009.
  • Pended sales priced over $1,000,000 are up 33% for the first eight months of 2010 when compared with the same period 2009.

NEW LISTINGS

  • The number of new listings taken in August is up 6% over August 2009.
  • The total number of new listings taken year-to-date is the lowest for the period since August 2005.
  • Total available inventory in the Naples, Bonita Springs, Estero market on September 1, 2010 stands at 9, 814 units (4,998 condominiums and 4,816 single family homes). This represents a 6% decrease from September 1, 2009, and just under a one year supply based on the past 12 months absorption rate.
“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.”