Moraya Blog

2010
12.31

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Good NEWS!!!

Unemployment is the lowest since 2008!

Holiday Shopping was up 5% best retail numbers since 2005!

CNN says “Naples is now undervalued!”

THE NAPLES REAL ESTATE MARKET

Nationally the luxury market has already started to outperform the overall housing market according to NAR ( National Association of Realtors) The segment of the market that has seen growth in the number of transactions in 2010 is the over $1 million price point.

In Naples the overall pending sales trend shows the market is on the way back up with an 11% increase over the same period last year.  In the $1 million and plus sector pending sales are up over 40%!

In the $1 million to $2 million category the number of closed contracts was up over 2009! Inventory is down which is a key indicator that it is slowly going to a buyers market.