Moraya Blog

2012
01.24

naples-fla520

Buyers hunting for homes in the Naples Real Estate Market this season won’t find as many choices.

The housing inventory has hit a five-year low, according a report released Friday by the Naples Area Board of Realtors. NABOR’s reports track inventory and Realtor-assisted sales made through its multiple listing service, or MLS, in Collier County, excluding Marco Island.

There are now 7,581 Naples Homes and Naples Condos on the market. That’s down by 1,564, or 17 percent, from a year ago, when there were 9,145.

Nationally, home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled housing market improved at the end of last year.

Local Realtors thought they might see a jump in listings in December, ahead of the busiest months of season. But that didn’t happen.

One of the biggest surprises in 2011 was the jump in Million Dollar Home sales. In the over $2 million market, sales rose 12 percent over the previous year. There were 223 closed sales, up from 199 in 2010.

Meanwhile, the market saw 370 sales in the $1 million to $2 million market in 2011, up 9 percent from 338 in 2010. Sales in the market rose 38 percent in the fourth quarter of last year, traditionally a slower time for area Realtors. “That’s where the buyers are. These people are still out there looking and they have big checkbooks,” Barker said.

And They are buying in Moraya Bay!  Another Residence just went under Contract which would be 3 new sales in 2012 and it’s just January!


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