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Market Report – December 2011

for Naples, Bonita, Estero Market Areas

Listed, Pended, Closed Year to date December 2011

Listed, Pended, Closed Month of December 2011

Breakdown by Price Category Year to date December 2011 (This chart shows the percentage of the market represented by each price segment.)

CLOSED SALES

  • Closed sales units in 2011 increased 5% over 2010, and are up 104% from their 2007 low.
  • Closed sales above $1,000,000 are up 12% with 706 closings in 2011 vs. 630 in 2010.
  • Average sales price has increased 7% since its 2009 while median price has remained stable.

PENDED SALES

  • Pended sales in December were approximately the same as December 2010 with less than a 4% difference.
  • Pended sales above $1,000,000 were up 7% for the year.
  • Properties priced below $500,000 showed a 5% decline in pended sales over prior year.

NEW LISTINGS

  • The number of new listings placed on the market in 2011 is down 13% from 2010.
  • New listings for the month of December are the lowest for the month since 2004.
  • Available inventory on January 1, 2012 in the combined Naples, Bonita Springs, Estero market stands at 7,896 units (4,264 condominiums and 3,632 single family homes). This represents a 23% decrease from January 1, 2011.

“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2011 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.