Moraya Blog

2010
05.19

Up Up and BUY!

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Single Family and Condo  pending sales in the 1 million to 2 million-price segment increased 200 percent in April!!!!

We should know, Moraya Bay had 5 new pending and sales contracts in the last two months!

NAPLES, Fla.-May 14, 2010- The Naples area market is seeing positive signs such as soaring sales and median closed price increases 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 overall median closed price increased 22 percent from $170,000 in April 2009 to $208,000 in April 2010. This is the second consecutive month that the median closed price has increased. For properties over $300,000, the median price increased 3 percent from $534,000 in April 2009 to $550,000 in April 2010.

“Supply and demand is driving the price up from the low end of the market,” said Mike Hughes, Vice- President of Downing-Frye Realty.

Traditional sales outpaced distressed property sales two to one,” stated Brenda Fioretti, NABOR President, and Managing Broker of Prudential Florida Realty. “This is a good sign of stabilization.” Traditional sales made up 69 percent of the total number of closed sales in March 2010.


The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:Overall home sales increased 46 percent to 914 sales in April 2010 compared to 626 sales in April 2009. Properties under $300,000 saw a 25 percent increase in pending sales with 882 contracts in April 2010 compared to 706 contracts in April 2009.

Single-family pending sales saw a 27 percent increase with 691 contracts in April 2010 compared to 544 contracts in April 2009.

Condo sales saw a 69 percent increase with 507 sales in April 2010 compared to 300 sales in April 2009.

If you try to time the market….You are always too late!

information copied from NABOR


2010
05.12

935157_oneLet’s take a look at what this selling season brought us! Most people that live in Southwest Florida know that we increase in population for the winter season, typically that is when most people come and buy property. We saw a huge increase in sales this past season! We looked at the sales from January 1, 2009-May 15, 2009 and compared them to the same time this year. Beach or Gulf view high rise condo’s had 81 sales in that 4 month window in 2009. They ranged in price from $750,000.to $5,500,000. Only 8 condo’s sold for more then 3 million in the first quarter of 2009. Take those same 4 months in 2010 and we see a huge increase! 136 condo’s were sold and 19 more pending. Prices ranged from $661,000 to $7,900,000. There were 12 sales over 3 million in the first quarter of 2010. Not only did people come to Naples to buy, but they bought big! Priced per square foot MORAYA BAY is still the best value on the beach in Naples, Don’t miss out when the market not only hit bottom, it has slowly started to come up.