DOWNING-FRYE REALTY, INC.

MAY 2010

Newsletter
May 2010 – There are no signs of a seasonal slow- ready closed over 1,000 transactions this year. Buydown in the Naples area, as home sales surged in the ers have recognized the values and are jumping on first quarter of 2010 according to a report released board. If there was ever a time to secure a great loNAPLES: 239-261-2244 by the Naples Area Board of REALTORS® (NA- cation at a great price, this is it, and apparently the 3411 Tamiami Trail N Naples, FL 34103 BOR), which tracks home listings and sales within word is out.” Collier County (excluding Marco Island). Source: Naples Area Board of REALTORS® BONITA SPRINGS: 239-992-8711 In the $1 million to $2 million price segment, 27180 Bay Landing Drive, Ste. 5 the number of pending sales doubled with 146 con- BONITA SPRINGS – ESTERO: Bonita Springs, FL 34135 tracts in the first quarter of 2010 compared to 73 SALES UP – INVENTORY DOWN contracts in the same quarter a year ago. The average days a property was on the market decreased 10 The number of single family homes coming on percent in this price segment in the first quarter of the market continues to decline, from 248 in Janu2010. ary 2010 to 190 in March. The number of single Condominiums are leading the market improve- family closed sales climbed from 64 in January to 91 ment as overall pending sales increased 75 percent in March. Both these trends indicate solid market in the first quarter of 2010 to 1,679 contracts com- www.NABOR.com as sales Ridge Road a trend to exceed the number activity 1455 Pine are on 239.597.1666 239.597.7725 Fax pared to 957 contracts in the first quarter of 2009. www.NaplesArea.com Naples,coming on the market. of properties FL 34109 NABOR ® Real life. Real answers. Condo closed sales in the $500,000 to $1 million The number of condominiums that came on the price range increased to 96 closed sales in the first market in January was 302. By March, the number Pending Closed quarter of 2010 compared to 48 closed sales in the was down to 238. Inversely, condo unit sales contin1,394 10,300 first quarter of 2009. ue to grow, from 90 in January to 109 in February 12,000 1,400 7,729 1,200 909 850 Overall pending sales saw a 55 10,000 percent increase, and 123 in March. 6,281 1,000 8,000 592 5,133 Pending 800 with 3,346 contracts in the first 6,000 quarter of 2010 There were Pending condominiums sold in the 46 600 Closed Closed 4,000 400 compared to 2,160 contracts in the first quarter of $100,000 to $200,000 price range in February 2,000 200 2009. 0 0 and 43 in March. Luxury March 2009 March 2010 12-month ending 3/2009 12-month ending 3/2010 NAPLES AREA MARKET: Overall closed home sales condo ($1 million+) sales under Price $300,000 increased for 2010 year-to-date total Median Inventory 40 percent with 1,393 sales eight sales with three of $550 11,211 $525 $600 in the first quarter of 2010 those in March. 11,500 $500 11,000 $400 compared to 992 closed Luxury single family $235 9,557 10,500 Median Price $300 $180 10,000 sales in the first quarter $300 homes ($1 million+) toMedian Price > of $200 9,500 $100 239.597.1666 www.NABOR.com 1455 Pine Ridge Road 2009. talled six sales in January, 9,000 $239.597.7725 Fax www.NaplesArea.com Naples, FL 34109 NABOR ® Real life. Realending 8,500 12-month ending 12-month answers. Single-family pending seven in February and four 3/2009 3/2010 March 2009 March 2010 sales increased 39 percent in March. Sales of single Overall with 1,667 contracts in the Pending Closed family homes between 1,394 first quarter of 2010 com$100,000 and $200,000 re10,300 12,000 1,400 pared to 1,203 contracts in 7,729 main stable at an average of 1,200 909 10,000 850 6,281 1,000 8,000 592 the first quarter of 2009. 15 a month while sales in 5,133 Pending Pending 800 6,000 600 Closed Closed The available inventory the most active price range 4,000 400 2,000 200 decreased 15 percent to of $200,000 to $400,000 0 0 March 2009 9,557 properties in the first March 2010 12-month ending 3/2009 12-month ending 3/2010 are double that number. quarter of 2010 compared (March had 31 sales.) Median Price Inventory to 11, 211 properties in the same quarter a year ago. The March “Top Ten” sales totaled $14,686,000 $550 $525 According to Mike Hughes, Vice-President 11,211 with an average price of $1,468,600. of $600 11,500 $500 Downing-Frye Realty, Inc., “Our transactions for Source: The Bonita Springs-Estero Association 11,000 $400 $235 9,557 $300 April 2010 were Median70% over last 10,500 We’ve al- of Realtors® up Price April. $180 10,000
Naples Area Board of REALTORS Naples Area Board of REALTORS

d f

MILLION DOLLAR SALES UP 100% IN NAPLES AREA

. Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding Marco Island, are included.

Exceptional service for over 45 years.
$200 $100 $-

Median Price > $300

9,500 12-month ending 3/2009 12-month ending 3/2010

©2010 Design by 8,500 Downing-Frye-Marketing, powered by Naples Media Group, Inc.
March 2009 March 2010

9,000

PAGE 1 OF 2

Sign up to vote on this title
UsefulNot useful