NAPLES PENDING SALES ON THE RISE!
Posted Dec 15, 2008 @ 3:03 pm, Viewed by 500 Visitors, Read 508 Times.Statistical figures for the month of November were just released by the Naples Area Board of Realtors (N.A.B.O.R.) and a bellweather or key indicator of the buyer activity in the market, overall pending sales, is up again. There was a 54% increase from November 2007 to Novenber 2008. This would mark the eighth month in a row it has increased, while days-on-market has decreased. Within the past year, the DOM has decreased some 20%.
Naturally a majority of the activity is in the under $300,000 price range because of the perceived bargains to be had in the 'short sale', pre-forclosure and bank-owned (REO) properties. Along with this, the median home price has fallen below $300,000 in some areas due to developer price incentives to move existing inventory and the great amount of foreclosures, as well as the fact the sellers are now pricing their properties at market.
The prices, along with the decline in the interest rates could bode well for season!
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I was the "voice" of the Red Sox for Spring Training in Ft. Myers for 8 years and still maintain my Boston ties!
Check out Zoria on Main Street. It is my other halfs son's restaurant.
no kidding . I like zoria's. Hey we almost got the red sox. I guess it's good that we didn't for your sake.
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Coming from the Boston area 18 years ago, I like so many others, fell in love with Naples and the fabulous lifestyle here. I have been in the luxury market for over 10 years and have formed Team Naples International with a combined total experience of over 50 years. Read More
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Hi Mel
It's good to hear that naples is active. I'm up in sarsota and it's been busy even considering the economic turmoil. I also came from Boston before I moved down. Go Pats!