CLOSED SALES

• Closed sales for the month of February are up 24% over February 2009.
• Year-to-date February closed sales units are up 40% over same period 2009. Volume is up 41%. This is significant because even though sales began to escalate in the last half of 2009, at the end of the year volume was still down compared to the previous year. During the first two months of 2010, volume is up, as well as the number of pended and closed sales.

• All price segments posted increases in closed sales over prior year for the first two months of 2010.

• Median sales price is down less than 3% from year-to-date February 2009, while Average Sales Price shows a slight increase.

• Closings for properties priced over $1,000,000 increased 32% during the first two months of 2010 when compared to the same period last year, and volume in that segment is up 39%.

PENDED SALES

• February pended sales are up 32% over February 2009.

• Year-to-date pended sales are up 40% over the same period in 2009, and the highest since 2005.

• Year-to-date pended sales posted increases in all price segments. The smallest increase was for properties priced under $250,000, and the largest for properties priced above $5,000,000. Properties priced above $1,000,000 recorded a 63% increase in the number of pended sales. For the same period in 2009, all price categories were showing decreases, with the exception of properties priced under $250,000.

NEW LISTINGS

• The number of new listings taken in February is the lowest for the month since 2005.

• The number of properties placed on the market during the first two months of 2010 is down 10% from the same period last year.

• On March 1, 2010, available inventory in the combined Naples, Bonita Springs, Estero market stands at 10,637 units (5,407 condominiums and 5,230 single family homes). This represents a 24% decrease from March 1, 2009.