HOME SALES INCREASE
12 PERCENT THIRD QUARTER
Contacts: Brenda Fioretti, NABOR Media Relations Committee Chairman, (239) 595-6219
Marcia Albert, NABOR Director of Marketing, (239) 597-1666
Naples, FL (October 19, 2012) - A 12 percent jump in overall pending sales marked the third quarter of Naples Area real estate, as compared to the third quarter 2011. In addition, overall pending sales for September 2012 increased 22 percent compared to September 2011, according to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).
"The Naples area has just moved from a buyers' market to a buyers' and sellers' market with tremendous opportunities for both," stated Brenda Fioretti, NABOR Media Relations Chairman and Managing Broker of Prudential Florida Realty.
Cindy Carroll, Vice President of Carroll & Carroll Real Estate Appraisers & Consultants stated, "More inventory would be helpful to the market. Resale inventory continues to decline despite the fact that new home building has returned."
John Steinwand, President of Naples Realty Services commented, "The single family home market is very hot. Pending sales of single family homes in the $500,000 to $ 1million category had a rousing increase of 15 percent from third quarter 2011 to third quarter 2012, and closed sales were up 4 percent for the same time period. The strong activity contributes to the inventory levels falling below 3,000 for single family homes."
The third quarter report provides quarterly comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. An overall summary combines the statistics for both single family and condominium properties.
The statistics are presented in chart format, along with the following statistics for third quarter 2012 compared to third quarter 2011:
The NABOR® September sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
"In the $500,000 to $2 million price categories for the third quarter, there was an increase in pending and closed sales. The robust third quarter in these price categories is very encouraging," said Steve Barker, Advising Broker for Naples Realty LLC.
As Brenda Fioretti stated, "Now is the time for sellers and buyers to take action. With interest rates at an all time low and with Naples values increasing, it is a perfect opportunity for sellers and buyers to achieve their real estate goals. Whether you are a seller, first-time homebuyer, investor, second or vacation homebuyer, move-up buyer or someone who has decided that it is time to downsize, it is the time to take advantage of current market conditions and the American Dream of Homeownership."
To view the entire report, visit www.NaplesArea.com
The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 4,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.