Naples Real Estate Sales Report Released Today
According to the Naples Area Board of Realtors' latest report released today, properties under $300,000 continue to see very strong sales. Phil Wood, Managing Broker of John R. Wood Realtors, stated, "In the category of homes valued over $300,000 the median sold price increased 1% in the past 12 months, indicating that prices have stabilized in that category. In the under $300,000 category foreclosures and short sales continue to influence home prices as the median sold price decreased 17%.
The report compares the 12 months ending October 2008 with the 12 months ending October 2007:
The report compares the 12 months ending October 2008 with the 12 months ending October 2007:
- 83% increase in overall pending sales
- 255% increase for pending homes under $300,000
- 40% increase in overall home sales
- 134% increase in pending home sales; 721% increase in pending sales of single-family homes less than $300,000
- 65% increase in single-family home sales
- 17% increase in overall condo sales; 60% increase in pending condo sales
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Posted by: Linda Loomis, Realtor
Naples Real Estate Agent
John R. Wood Realtors, Inc., Naples FL
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