OCTOBER 2011 MARKET REPORT

CLOSED SALES

- The number of closed sales year-to-date are up 6% over the same period 2010 and at its highest level since 2005.

- Median sales price is up is up 5.5% from its 2009 low, but well below the highs of 2007 and 2008.

PENDED SALES
            
- Pended sales for the month of October were the third highest for the month in the past 12 years.

- October 2011 sales showed a 10% increase over September.

- Pended sales above $1 million are up 7% through October, with the $2 - $5 million segment up 11%, and over $5 million approximately the same as 2010.

NEW LISTINGS

- The number of new properties placed on the market in October is down 24% from October 2010 and the lowest for the month since 2005.

- Available inventory in the Naples, Bonita Springs, Estero market represents a 24% decline from November 1, 2010.

- Current inventory stands at approximately a nine month supply.


Posted by Linda Loomis, Realtor

Certified International Property Specialist
John R. Wood Realtors
Naples FL
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"The source of this real property information is the copyrighted and propietary database compilation of Sunshine MLS, LLC.  Copyright 2011 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 tn reliance upon it."