CLOSED SALES:

• April closed sales units are up 6% over April 2008
• Year-to-date April closed units are up 19% over YTD April 2008.  Volume is down 25%
• 64% of units closed in April are under $ 250,000
• Median sales price YTD April is down 37% from the same period in 2008.
• Median sales price has remained constant since January.

PENDED SALES:

• Pended sales units in April are up 55% over April 2008 and highest April numbers since 2005.
• Pended sales units YTD April are up 68% over the same period in 2008.
• 66% of pended units year-to-date are under $ 250,000.

NEW LISTINGS:

• Number of new listings taken YTD April is down 11% over prior year period, and the lowest for the period since 2005.
• Number of new listings taken during the month of April 2009 is the lowest for the month since 2005.
• Active listing inventory on May 1, 2009 was 12,910 (6498 condominiums and 6412 single family). This represents a decrease of 13% from May 1, 2008.

NOTES:

• Sustained median sales price ($190,000) since January may indicate bottom for pricing.
• Largest decrease in inventory year-to-date are condominiums priced between $250,000-$500,000 (down 25%) and single family homes priced from $500,000-$750,000 (down 35%).
• This report represents the combined Naples, Bonita Springs, Estero market.  Numbers may vary among various areas, so be sure to contact me for research on individual market segments.

Disclaimer:  All information from Sunshine MLS. Accuracy is deemed correct, but not warranted.

To view the complete report, click:   http://www.myjrw.com/documents/Forms/MarketReportApril2009.pdf

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Posted by: Linda Loomis, Realtor
John R. Wood Realtors
Naples Fl