May sales continued at a brisk pace, as they have each month in 2011. In fact, my 5th Avenue office alone had its best month for written sales since June 2005... ($53.9 million!) We have seen a significant reduction in inventory, with many neighborhoods reaching a stable 10-month to 1-year supply. The diminishing supply is also reflected in the overall inventory in the Naples, Bonita Springs, Estero market, which has dropped 17% from its June 2010 level.

Only 1 in every 701 housing units sold in Collier County in May was a foreclosure. This was a  decrease of almost 23% over the previous month and 78% compared with May 2010.

Click here to view the complete May2011 Report

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.."