Tim Cranch wearing blue shirt

Tim Cranch
239-272-4848
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Ellie Penaranda
239-776-5077
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Naples FL – Market Update

It’s a great time to be in real estate!  Some great opportunities for buyers and no more low ball offers for sellers.  The strong sales activity continues and our Downing-Frye Realty office is very proud to be part of it all with over $100 M in sales contracts this month 🙂

With short sales and foreclosure virtually disappearing and the reduced inventory causing properties to sell faster – it is all good news in real estate here in paradise.

Here is the  latest NABOR® data:

  • Overall pending sales increased 55 percent in the $500,000 to $ 1 million category February 2011 to February 2012
  • Overall closed sales increased 70 percent in the $2 million plus category February 2011 to February 2012
  • Median closed prices overall are up 5 percent from February 2011 to February 2012
  • Overall inventory reduced 17 percent from February 2011 to February 2012
  • Overall average DOM (Days on the Market) decreased 4 percent from February 2011 to February 2012
  • Overall pending sales increased 11 percent in the $300,000 to $500,000 category and 17 percent in the $500,000 to $ 1 million category 12-month ending
  • Closed sales increased 13 percent in the $ 1 million to $2 million category 12-month ending
  • Naples Beach area pending sales increased 17 percent and closed sales increased 20 percent 12-month ending”

 

Beach Condos for Sale in Naples

Single Family Homes for less than $350,000 in Naples – Walking Distance to the Vanderbilt Beach

Some Great Buying Opportunities – Single Family Homes (Park Shore, Moorings & Coquina Sands)