The Naples/Bonita/Estero market experienced a slowdown in pended sales in July, some of which is typical for the period of the year.  Sales were impacted by the oil spill news (although there was never a threat to Naples and Southwest Florida).  Now that the issue has been resolved, we fully expect that sales will resume their seasonal norm and that we will experience a robust fourth quarter! 

Prices remain at record lows, and selection remains reasonably good in most areas.  You will note from the Neighborhood Snapshot Report that additional neighborhoods continue to achieve a balanced, or nearly balanced, status regarding supply and demand.  There are already several with less than a one year supply based on absorption levels for the past 12 months.  (A one-year supply is considered a very stable market.)

For complete report, visit:

Market Report_July 2010

For community report, visit:

Neighborhood Snapshot Report

 

Posted by: Linda Loomis, Realtor
John R. Wood Realtors
Naples FL
For extensive information on Naples Florida, visit www.4NaplesRealEstate.com

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