Tiburon, Naples FL

Pending Sales Increased 10.6% Breaking 28-Month Trend

2008-03-21T09:12:00.000-07:00

NABOR REPORTS FEBRUARY REAL ESTATE TRANSACTIONS

NAPLES, Fla. - March 17, 2008 - For the third consecutive month, real estate activity in the Naples area steadily increased, with condo sales and single-family homes under $300,000 leading the way, 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).

Most notably, February marked the end of a 28-month downward trend of pending home sales, which increased 10.6 percent overall from February 2007.

NABOR President Arlene Carozza, a Realtor® and corporate trainer with Amerivest Realty, attributes the increased activity to lower median prices, reduced interest rates, abundant inventory and common sense."Buyers have realized the incredible values that are currently available and will most likely be gone by next season," Carozza stated. "As the lower priced inventory is absorbed, there is nowhere for prices to go but up."The report, which provides annual comparisons of single-family home and condo sales (via the Multiple Listing Service), price ranges and geographic segmentation, also includes an overall market summary.

The statistics are presented in chart format, along with the following analysis:

Overall pending home sales in the greater Naples Area, which includes Naples Beach, North Naples, Central Naples, South Naples, East Naples, Immokalee and Ave Maria, increased 10.6 percent, with 513 in February 2008 compared to 464 in February 2007.
Overall homes sales were 289 in February 2008 compared to 304 in February 2007, a 4.9 decrease.
Overall condo sales increased 4.5 percent, with 162 sold in February 2008 compared to 155 in February 2007, and condo sales under $300,000 increased 36 percent with 83 in February 2008 compared to 61 in February 2007.
Single-family home sales decreased 14.8 percent overall, with 127 in February 2008 and 149 in February 2007, but sales in the less than $300,000 category saw a 66.6 percent increase with 45 in February 2008 compared to 27 in February 2007.
The overall median sales price decreased 14 percent from the same month last year.

"There is tremendous activity in the low end of the market," said Jo Carter, president of Jo Carter & Associates, acknowledging that homes less than $300,000 is the best-selling category right now. "Properties that are priced realistically are being sold."Tom Bringardner, president of Premier Properties, predicts this activity will have a domino effect. "In a traditional market recovery, as the lower priced product is sold, it pushes buyers into the higher price ranges."

For Information on Naples FL Tiburon Real Estate - Visit Naples FL Luxury Estates Specialists Mary Catherine & Larry White

Pending sales for Naples continue steady increase

2007-05-09T05:40:00.001-07:00

Property sales for the Naples Florida area continue their nice and steady increase compared to previous months.
The best early indication of what to expect in the real estate market in the next few months is by viewing the "Pending" contracts that are waiting to be closed. (shown in the Chart) For those buyers who are still waiting for signs of when to buy, this may be the best indicator to use. In addition, the number of new properties going onto the market is also another usefully indication. There were 1,026 less new properties going on the market in Q1 of 2007 compared to the same period in 2006. (6,222 new listings first quarter of 2007 compared to 7,248 in 2006.)
When the number of properties going "pending" start to increase showing demand is increasing and the number of new listings start to show signs of slowing so supply is decreasing, the net result is less property available for buyers to choose from. So if your one of the many people wondering when is the right time buy, now could be the best time before the market recovers even further and you still have choices available.

Larry White can help you to find that perfect property click to see more info on Tiburon Naples Homes for Sale or other Naples Florida Properties for Sale, please don't hesitate to call 877.205.0755

1st Quarter Pending and Closed Sales, Tiburon

2007-04-05T14:16:00.000-07:00

Tiburon Community -

Pending Sales - 3

Closed Sales - 11

For more information on this community, or others in Naples, FL contact Larry White.

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This information was gathered from Naples, MLS Inc.