• The number of closed sales year-to-date February is approximately the same as the same period in 2010.
• Average sales price remained constant with prior year and median sales price dropped 7%.
• Closed sales priced under $250,000 represent 65% of closings to date.
• Closed sales over $1,000,000 are up 9% over the same period 2010.

PENDED SALES:

• February pended sales are up 14% over February 2010 and the highest February on record (2000-2011).
• Properties priced under $250,000 continued to comprise 66% of pended sales for February.

NEW LISTINGS:

• The number of new listings placed on the market in February is down 11% from prior year and the lowest for the month since 2005.
• Available inventory in the Naples, Bonita Springs, Estero market on March 1, 2011 represents a 4% decrease from March 1, 2010.
• All price categories show decreases in supply with the exception of condominiums and single family homes priced under $250,000 and condominiums priced above $5,000,000.  The largest decreases were in the condominium segment priced between $750,000 and $1,000,000 and single family homes priced between $750,000 and $5,000,000.

Posted by Linda Loomis, Realtor
John R. Wood Realtors
Naples FL
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*  "The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2010 Sunshine MLS, LLC.  All rights reserved.  The accuracy of this information is not warranted or guaranteed.  This information should be independently verified if any person intends to engage in a transaction in reliance upon it.."