Home sales continue to rise in the Naples area, according to a report by the Board of REALTORS in the area of Naples (NABOR), which tracks properties listed and sold in Collier County (including Marco Island).
In November, total pending sales rose 13 percent while sales closed during the 12 months ending in November 2010 rose 14 percent to 7863 of 6884 for the same 12 months last year.
“The statistics of the 12 months ending reveal trends year after year as a result of improved market conditions in pending sales, closed sales and median prices closed,” said John Stein wand, president of Naples Realty Services. Pending sales continue its strong trend. Overall pending sales for the 12 months ending November 2010 increased by 7 percent. The average sales price in the 12 months ended in November 2010 rose 3 percent of the properties over $ 300,000. The average sales price in this price segment increased to $ 540.000 over $ 525.000.
“Overall sales of condominiums-tions of the 12 months ended in November 2010 remains strong. Closed sales are up 24 percent overall and the price of $ 500,000 to $ 1,000,000, closed sales increased 31 percent, “said Steve Baker, of Amerivest Realty.
“The summer sales reflects the oil spill in the Gulf, the end of the tax credit for home buyers, and the traditional slow season in Naples. Now we are seeing increasing sales as expected, “said Phil Wood, president of John R. Wood REALTORS.
The reports provide annual comparisons of a family home and condo sales, price ranges, geographic, and includes an overview of the market. Statistics are presented in chart format, along with the following analysis:
• Closed sales for single family properties increased by 6 percent in 3975 sales over the last 12 months ending November 2010 compared with 3756 sales of the same 12 months last year. The single-family homes pending sale in the category of $ 1 to $ 2 million increased 49 percent for the 12 months ended in November 2010, with 263 contracts of the 176 contracts for the 12 months to November 2009.
• Overall pending sales of condominiums for the 12 months ending November 2010 increased 16 percent compared with 4466 contracts with 3849 contracts for the 12 months to November 2009.
“We are nearing the end of a good year in sales and are optimistic about the upcoming season,” said Mike Hughes, vice president of Downing-Frye Realty.
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Posted in Sales | 
Tags: Board of Realtors, Condominiums, Home buyers, Increasing sales, Naples area, Realty services
