PENDING
HOME SALES INCREASE 12 PERCENT THIRD QUARTER ScottSorensonRealEstate.Com
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.
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Sunday, October 21, 2012
PENDING HOME SALES INCREASE 12 PERCENT
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