Market Report December 2011

for Naples, Bonita, Estero Market Areas

Listed, Pended, Closed Year to date December 2011

Thesymboloflocalknowledge
Average
Sales Price

Median
Sales Price

10,494

$366,455

$186,355

15,148

9,967

$358,490

$185,000

23,540

14,867

8,859

$340,899

$185,000

26,103

8,710

6,232

$500,102

$284,500

2007

27,488

6,551

5,151

$668,040

$378,500

2006

30,176

7,096

5,762

$686,015

2005

21,510

14,203

11,234

$620,273

Year

Listed

Pended

Closed

2011

19,652

14,718

2010

22,612

2009
2008

Listed, Pended, Closed Month of December 2011

Year

Listed

Pended

Closed

2011

1,574

1,018

722

2010

1,634

1,056

791

2009

1,660

1,113

800

2008

1,918

731

518

2007

1,774

387

378

2006

2,084

421

393

2005

2,737

645

563

Breakdown by Price Category Year to date December 2011

Listed
Range

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

Pended

Closed

Units

Units

Units

0-$250

10,093

51.36%

9,471

64.35%

6,522

62.15%

$250-$500

5,144

26.18%

2,977

20.23%

2,240

21.35%

$500-$750

1,679

8.54%

926

6.29%

710

6.77%

$750-$1M

962

4.90%

476

3.23%

316

3.01%

$1-$2M

1,118

5.69%

563

3.83%

460

4.38%

$2-$5M

544

2.77%

270

1.83%

215

2.05%

$5M+

112

0.57%

35

0.24%

31

0.30%

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.
John R. Wood Realtors, The Symbol of Local Knowledge
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.