Moraya Blog

2012
12.14

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NATIONAL MARKET
A combination of rising sales and the lowest inventory in six years helped existing-home prices post annual gains for the eighth month in a row in October, the National Association of Realtors said today.
Sales of existing homes were up 2.1 percent from September to October and 10.9 percent from a year ago, to a seasonally adjusted annual rate of 4.79 million.

Pending Sales in Naples Beach in November went up 20% over this time last year!
Closed Sales in Naples Beach in November went up 37%
Inventory DECREASES 18% from last year!
Condo’s in the $2million+ category pending sales were up 19%

The NABOR® November report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. The NABOR® November sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics: 
 
 - The overall median closed price increased 14 percent from $175,000 at the end of November 2011 to $200,000 for the 12-month period ending November 2012.
 
- Overall pending sales increased 6 percent from 10,057 units to 10,667 units for the 12-month period ending November 2012. Overall pending sales increased 20 percent in the $500,000 to $1 million category, from 960 units to 1,153 units, and increased 11 percent in the $1 million to $2 million category, from 429 units to 478 units, for the 12-month period ending November 2012.
 
- Pending sales increased 100 percent in the $2 million plus category from 16 units in November 2011 to 32 units in November 2012.
 
- Overall inventory decreased by 15 percent, from 7,625 listed properties in November 2011 to 6,518 in November 2012. Pending sales with contingent contracts are included in the overall inventory number.
 
- The average DOM (Days on the Market) increased overall from 168 days in November 2011 to 181 days in November 2012. 
 
- Overall pending sales in the Naples coastal area increased 14 percent from 1,801 units to 2,045 units, and closed sales increased 10 percent, from 1,640 units to 1,804 units, for the 12-month period ending November 2012