2010 Naples Florida Sales Continue to Outpace 2009

Sales throughout the Naples, Bonita Springs and Estero markets remained strong through November with year-to-date closed sales up 13% over the same period 2009 and closed volume up 20%. All price segments showed increases over the prior year with properties priced above $1 million posting the largest increase.

Pended sales also remained strong in November, posting the second highest number of sales for the month during the past 11 years. The $1 million to $2 million category showed the largest gain over the prior year with a 24% increase, while properties priced under $250,000 continued to comprise 66% of pended sales.

New listings taken in November were up 10% over November 2009, but year-to-date the Naples, Bonita Springs, Estero inventory is down 4% from the prior year. As of December 1, 2010, active inventory stands at 5,388 condos and 5,058 single-family homes.

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