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Naples Florida Market Report May 2012

Pended Sales Highest on Record for Month; Closed Sales over $1M Increase

Closed Sales

Closed Sales above $1,000,000 are up 7% through May with 396 closed in 2012 vs. 375 for the same period 2011. Sales under $250,000 continued to shrink as a percentage of the overall market, comprising only 57% of total sales for the first five months compared to 61% a year ago.  The number of closings in May is the highest for the month since 2005.

Pended Sales

The number of sales pended in May is the highest on record for the month.

New Listings

New listings placed in inventory in May are the lowest for the month since May 2004. On June 1st, 6,684 units (3,069 single family homes and 3,615 condominiums) were available for sale in the combined Naples, Bonita Springs, and Estero market. This represents a 17% decrease from June 1, 2011 and is approximately a 7.7 month supply, based on closings for the past 12 months.

Listed, Pended, Closed Year to date May 2012

Listed, Pended, Closed Month of May 2012

Breakdown by Price Category Year to date May 2012

(This chart shows the percentage of the market represented by each price segment.)

Closed Sales

  • Closings under $250,000 are down 7% from year-to-date May 2011. The percentage of the market represented by this segment also fell from 61% to 57% of total closings.
  • Closed Sales above $1,000,000 are up 7% through May with 396 closed in 2012 vs. 375 for the same period 2011.
  • The number of closings in May is the highest for the month since 2005.

Pended Sales

  • The number of sales pended in May is the highest on record for the month.

New Listings

  • The number of new listings placed in inventory in May is the lowest for the month since May 2004.
  • Available inventory in the Naples, Bonita Springs, Estero market on June 1, 2012 stands at 6,684 units (3,069 single family homes and 3,615 condominiums). This is a 17% decrease from June 1, 2011 and represents approximately a 7.7 month supply, based on closings for the past 12 months.
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2012 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.”