Archive for the ‘NABOR Market Reports’ Category

Naples FL Real Estate: Median Home Price Up by 17 Percent

Thursday, April 18th, 2013

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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According to the latest announcement by the Naples Area Board of Realtors (NABOR) released on April 12, 2013, the median home price in the Naples market is up by 17 percent as compared to March 2012.

The median price increased from $184,000 in March 2012 to $215,000 for the 12-month period ending last month.  Overall, the total number of closed sales dropped in March compared to a year ago. However, overall pending sales increased 4 percent from 10,204 units to 10,633 units for the 12-month period ending in March 2013. Overall pending sales rose in all price categories in March compared to the 12-month period ending in March 2012, except in the under $300,000 category.

The report also stated that the average number of days on the market decreased by 8 percent, from 171 days on the market in March 2012 to 157 days on the market last month. Overall inventory dropped by 14 percent, from 7,599 in March 2012 to 6,565 last month as well.

NABOR also released its first quarter 2013 report…

The quarterly report said the overall median closed price increased 24 percent, from $190,000 in the first quarter of 2012 to $235,000 in the first quarter of 2013. In the $300,000 and under category, the median closed price increased 18 percent, from $135,000 in the first quarter of 2012 to $159,000 in the first quarter of 2013.

Overall closed sales decreased 2 percent, from 2,220 residences in the first quarter of 2012 to 2,167 in the first quarter of 2013. Overall closed sales increased 13 percent in the $300,000 to $500,000 category, from 309 residences to 350, and increased 15 percent in the $1 million to $2 million category, from 99 residences in the first quarter of 2012 to 114 in the first quarter of 2013, according to the report.

The also report said the average number of days on the market decreased 4 percent overall, from 169 days in the first quarter of 2012 to 162 days in the first quarter of 2013.

To read the full release by NABOR, visit www.NaplesArea.com

For additional market reports looking at the Naples, Bonita Springs and Estero areas, please visit the John R. Wood Realtors Market Data Research page.

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Naples,Bonita Springs, marco Island, Estero FL Real Estate

 

 

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Naples FL Real Estate: NABOR Says Lower Inventory May Impact Housing Market

Tuesday, March 19th, 2013

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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As reported on March 15th by the Naples Area Board of REALTORS® (NABOR®), the Naples Area housing market remains strong with increases in overall pending sales, overall closed sales, and overall median closed price for the 12-months ending February 2013. In addition, inventory decreased by 13 percent.  This report tracks home listings and sales within Collier County (excluding Marco Island).

Local real estate experts note that sales may slow due to the low level of inventory.

“Changes in inventory at some point may become an issue,” stated Dr. Shelton Weeks, Department Chair of Economics & Finance at FGCU. “Continued declines in inventory will produce some upward pressure on prices.  However, as prices rise we should expect builders to bring more new units to the market which may slow the advance in prices.”

John R. Wood CEO, Phil Wood also stated:

“The market has consistently improved since 2008 and is now very healthy.  However, we would not be surprised to see sales slow a little over the next six months due to a lack of inventory,” stated Phil Wood, President & CEO of John R. Wood Realtors.

The NABOR® February report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. Specifics include:

  • The overall median closed price increased 17 percent from $180,000 at the end of February 2012 to $211,000 for the 12-month period ending February 2013.
  • Overall pending sales increased 5 percent from 10,160 units to 10,629 units for the 12-month period ending February 2013. Overall pending sales increased 20 percent in the $300,000 to $500,000 category from 1,397 units to 1,677 units; 17 percent in the $500,000 to $1 million category, from 1,023 units to 1,193 units; increased 26 percent in the $1 million to $2 million category, from 422 units to 532 units; and increased 23 percent in the $2 million plus category, from 257 units to 315 units, respectively for the 12-month period ending February 2013.
  • The average DOM (Days on the Market) increased overall from 162 days in February 2012 to 168 days in February 2013.
  • Inventory decreased 13 percent from 7,888 units in February 2012 to 6,843 units in February 2013.
  • Overall pending sales in the Naples coastal area increased 15 percent from 1,839 units to 2,119 units, and closed sales increased 16 percent, from 1,650 units to 1,906 units, for the 12-month period ending February 2013.

To view the entire report, visit www.NaplesArea.com

Naples,Bonita Springs, Estero FL Real Estate

Naples,Bonita Springs, Estero FL Real Estate

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Naples Real Estate: 2013 Housing Starts Strong Says NABOR

Monday, February 18th, 2013

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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Just last week, the Naples Area Board of REALTORS® (NABOR®) releases it’s January 2013 residential real estate report, which tracks home listings and sales within Collier County (excluding Marco Island).

January 2013 starts the new year with strong sales, continuing the momentum established in 2012.  The overall median closed price increased 16 percent, and the overall closed sales increased 10 percent for the 12-months ending January 2013.

“Our market research demonstrated a steady demand for existing homes, and the new home market is doing well as indicated by a recent report from FGCU, which showed an increase in permits for Collier County,” said Wes Kunkle, NABOR President.

The NABOR® January report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. The NABOR® January sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:

  • The overall median closed price increased 16 percent from $179,000 at the end of January 2012 to $207,000 for the 12-month period ending January 2013.
  • Overall pending sales increased 13 percent from 9,456 units to 10,681 units for the 12-month period ending January 2013. Overall pending sales increased 35 percent in the $300,000 to $500,000 category from 1,225 units to 1,652 units and 35 percent in the $500,000 to $1 million category, from 892 units to 1,200 units, and increased 22 percent in the $1 million to $2 million category, from 408 units to 497 units, respectively for the 12-month period ending January 2013.
  • The average DOM (Days on the Market) decreased overall from 173 days in January 2012 to 161 days in January 2013.
  • Overall pending sales in the Naples coastal area increased 36 percent from 1,555 units to 2,112 units, and closed sales increased 16 percent, from 1,638 units to 1,893 units, for the 12-month period ending January 2013.

To see the full report and accompanying charts, please click HERE.

Naples,Bonita Springs, Estero FL Real Estate

Naples,Bonita Springs, Estero FL Real Estate

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Naples FL Real Estate: Median Home Price Increases 17%

Thursday, January 24th, 2013

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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On January 18, 2013, the Naples Area Board of REALTORS® (NABOR) releases their year end reports for 2012.  They reported that the  Naples area overall median closed price increased 17 percent from $175,000 in 2011 to $204,000 in 2012.

Brenda Fioretti, NABOR Media Relations Chairwoman, states:

“At our annual Economic Summit held in April, Dr. Lawrence Yun, chief economist of the National Association of REALTORS®, predicted a 10 percent increase in the overall median price by the end of 2012. At the time, many people were incredulous with his assessment, but now today we are delighted to see the real estate market’s prices rebounding and surpassing estimates.”

Some highlights from the NABOR 2012 Annual report include:

  • Overall closed sales increased 9 percent, from 8,345 units in 2011, compared to 9,121 units in 2012. Overall closed sales increased 20 percent in the $300,000-$500,000 category, from 1,129 units to 1,357 units, and increased 29 percent in the $500,000-$1 million category, from 794 units to 1,022 units, from 2011 to 2012, respectively.
  • Overall pending sales increased 6 percent, from 10,070 pending sales in 2011 to 10,683 pending sales in 2012.
  • Overall inventory decreased by 13 percent, from 7,581 listed properties in 2011 to 6,557 listed properties in 2012. Pending sales with contingent contracts are included in the overall inventory number.
  • Overall pending sales in the Naples coastal area increased 15 percent, from 1,791 units to 2,057 units, in 2012. Closed sales increased 14 percent, from 1,641 units in 2011 to 1,869 units in 2012.

Highlights from the NABOR 2012 Fourth Quarter Report are:

  • Overall closed sales increased 22 percent, from 1,689 units in fourth quarter 2011 to 2,061 units in fourth quarter 2012. Overall closed sales increased 58 percent in the $300,000-$500,000 category, from 207 units to 328 units, and increased 51 percent in the $500,000-$1 million category, from 146 units to 221 units, from fourth quarter 2011 to fourth quarter 2012, respectively.
  • The median closed price increased 24 percent overall, from $165,000 in fourth quarter 2011 to $205,000 in fourth quarter 2012.
  • Overall pending sales increased 8 percent, from 2,250 pending sales in fourth quarter 2011 to 2,422 pending sales in fourth quarter 2012.
  • Overall inventory decreased 13 percent, from 7,580 units for fourth quarter 2011, compared to 6,557 units in fourth quarter 2012.

For more information and reporting, please visit the John R. Wood Realtors Market Data Archives webpage.

Naples,Bonita Springs, Estero FL Real Estate

Naples,Bonita Springs, Estero FL Real Estate

 

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Naples, FL Real Estate: Overall median closed price increased 14 percent for the 12-month period ending November 2012

Tuesday, December 18th, 2012

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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The Naples Area Board of Realtors (NABOR) just released their November 2012 reports just last Friday, December 14th. The highlights of the report include:

  • The overall median closed price increased 14 percent from $175,000 at the end of November 2011 to $200,000 for the 12-month period ending November 2012.
  • Overall pending sales increased 6 percent from 10,057 units to 10,667 units for the 12-month period ending November 2012. Overall pending sales increased 20 percent in the $500,000 to $1 million category, from 960 units to 1,153 units, and increased 11 percent in the $1 million to $2 million category, from 429 units to 478 units, for the 12-month period ending November 2012.
  • Pending sales increased 100 percent in the $2 million plus category from 16 units in November 2011 to 32 units in November 2012.
  • Overall inventory decreased by 15 percent, from 7,625 listed properties in November 2011 to 6,518 in November 2012. Pending sales with contingent contracts are included in the overall inventory number.
  • The average DOM (Days on the Market) increased overall from 168 days in November 2011 to 181 days in November 2012.
  • Overall pending sales in the Naples coastal area increased 14 percent from 1,801 units to 2,045 units, and closed sales increased 10 percent, from 1,640 units to 1,804 units, for the 12-month period ending November 2012

To review the full report, click HERE.

For more information about the Naples market and specific neighborhoods, please visit the John R. Wood Realtors market data website page HERE.

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Naples FL Real Estate: NABOR Reports That Median Home Prices Continue Steady Rise

Wednesday, November 21st, 2012

Just this past Friday, the Naples Area Board of REALTORS released its October 2012 real estate sales report. The highlights are as follows:

  • Single-family median home prices rose by 10 percent and median condominium prices increased by 4 percent for the 12-month period ending Oct. 31.
  • The overall median closed price (single-family and condominium) increased from $177,000 to $197,000—its highest level since July 2009.
  • Overall inventory decreased by 13 percent, from 7,325 listed properties in October 2011 to 6,409 in October 2012. Pending sales jumped 21 percent in the $500,000 to $1 million category and were up 17 percent in the $1 million to $2 million category.
  • The overall median closed price increased 11 percent from $177,000 at the end of October 2011 to $197,000 for the 12-month period ending October 2012.
  • Overall pending sales increased 21 percent in the $500,000 to $1 million category, from 947 units to 1,149 units, for the 12-month period ending October 2012. Overall pending sales increased 17 percent in the $1 million to $2 million category, from 418 units to 490 units, for the 12-month period ending October 2012.
  • Overall inventory decreased by 13 percent, from 7,325 listed properties in October 2011 to 6,409 in October 2012. Pending sales with contingent contracts are included in the overall inventory number.
  • The average DOM (Days on the Market) fell in all price segments except in the $0 – $300,000 price zone, resulting in a one percent increase from 169 days on the market in October 2011 to 170 days on the market in October 2012.
  • Overall pending sales in the Naples coastal area increased 14 percent from 1,783 units to 2,037 units, and closed sales increased 10 percent, from 1,615 units to 1,776 units, for the 12-month period ending October 2012.

The result of the inventory decline from 12,157 in February 2007 to 6,409 in October 2012 is that buyers, in many cases, are desperate for inventory.  Plus, homes are selling more quickly, as shown by the average Days on the Market decreasing in every price category above the $300,000 range. Therefore, pricing remains crucial.

To view the entire report, click HERE!

For more information, please view the John R. Wood Realtors Market Report for October 2012!

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12 Percent Increase in Pending Home Sales Reported by NABOR

Monday, October 22nd, 2012

 

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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The Naples Area Board of REALTORS® just released its September and 3rd Quarter residential real estate reports.

A 12 percent jump in overall pending sales marked the third quarter of Naples Area real estate, as compared to the third quarter 2011. In addition, overall pending sales for September 2012 increased 22 percent compared to September 2011, which tracks home listings and sales within Collier County (excluding Marco Island).

The highlights include:

  • Pending Sales: Increased 17% overall with a 50% increase in the $1M-2M, 40% increase in the $300-$500K and a 37% increase in the $50 categories from 3Q 2011-3Q2012
  • Closed Sales: Increased 2% 3Q 2011 – 3Q 2012 with a 67% increase in the $1M-$2M category and a 44% increase in the $500K-$1M categories 3Q 2011- 3Q 2012
  • Median Closed Price: decreased 1% overall and increased 16% in the $1M-$2M category 3Q 2011 – 3Q 2012
  • Inventory: Decreased 12% 3Q 2011 – 3Q 2012
  • Average DOM: Increased 4% overall and decreased 46% in the $2M category 3Q 2011 – 3Q 2012
  • South Naples area Pending Sales increased 20% and both Naples Beach and North Naples increased 16% from 3Q 2011 – 2Q 2012

To view the entire report, visit www.NaplesArea.com.

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Southwest Florida Real Estate – Median Prices Increase Again

Tuesday, May 29th, 2012

According to the April 2012 report just released by the Naples Area Board of REALTORS® (NABOR),   the overall median home prices have increased for the 5th consectuive month in a row.

The median closed price increased 22% overall in April 2012 compared to April 2011. This coupled with the fact that inventory continues to decline reflects the strength of the Naples market.

Some other highlights include:

  • The overall median closed price increased 22 percent from $185,000 in April  2011 to $226,000 in April 2012.
  • Overall pending sales increased 20 percent in the $500,000 to $1 million category from 895 pending sales to 1,070 pending sales for the 12-month period ending April 2012.
  • Overall inventory dropped by 13 percent from 8,214 in April 2011 compared to 7,130  in April 2012.
  • Overall closed sales increased 14 percent in the $500,000 to $ 1 million category from 760 units to 869, and rose 13 percent in the $1 million to $2 million category from 343 units to 389 for the 12-month period ending April 2012.
  • The average DOM (Days on the Market) decreased 30 percent in the $1 million to $2 million category from 345 days on the market in April 2011 compared to 241 in April 2012.
  • Overall pending sales in the Naples Beach area increased 14 percent from 1,675 to 1,913 and closed sales increased 17 percent from 1,437 to 1,678 for the 12-month period ending April 2012.

To view the entire report, visit http://www.NaplesArea.com

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Naples Area Board of Realtors (NABOR) Releases Q1 2012 report

Tuesday, April 17th, 2012

HOUSING INVENTORY DROPS, SALES UP

The first quarter’s available housing inventory was down 13 percent compared with the first quarter of 2011, according to a report released by the Naples Area Board of Realtors (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). The first quarter showed 7,596 available properties compared with 8,762 properties from 2011. Overall pending sales increased 14 percent in the $300,000 to $500,000 category, 29 percent in the $500,000 to $1 million category and 14 percent in the $1 million to $2 million category. Closed sales increased 21 percent in the $500,000 to $1 million category.

To view the entire report, visit naplesarea.com.

Don’t forget the also view the March 2012 John R. Wood Market Reports by clicking on the links below!

Market Report March 2012

Neighborhood Snapshot March 2012

 

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Mid-priced homes surge 29% in Naples, Florida

Monday, February 20th, 2012

Pending sales of all single-family homes and condos increased!

 According to the Naples Area Board of Realtors’ (NABOR) most recent market report, pending home sales of Naples area mid-priced single-family homes and condos (between $300,000 and $ 1 million) surged 29 percent in January 2012. The report tracks home listings and sales within Collier County (excluding Marco Island).

According to Phil Wood, President and CEO of John R. Wood Realtors, “Pending sales were very strong in January, plus some of the transactions were new development projects.”

Naples Area Board of REALTORS® data shows that the overall market experienced 8,295 closed sales for the 12 months ending January 2012, a 5 percent increase over the 12-month period ending January 2011 (7,879 closed sales).

NABOR® data shows:  

  • Overall pending sales in the $300,000 to $500,000 category increased 34 percent from 115 in January 2011 to 154 in January 2012.  
  • Closed sales in the $1 million to $2 million category increased 13 percent from 336 to 379 for the 12- month period ending January 2012.
  • Inventory dropped 19 percent from 9,388 in January 2011 and remains at a low level with 7,860 available properties in January 2012.
  • Average days on the market (DOM) in the $500,000 to $1 million category decreased 10 percent from 213 in January 2011 to 192 in January 2012.
  • Overall sales of homes and condos between $1million and $2 million increased 53 percent, January 2012 compared to January 2011.

“The $500,000 to $1 million category has been historically a leading market indicator, and that category experienced a 23 percent rise in pending sales from 100 in January 2011 to 123 in January 2012, a positive sign,” remarked Dr. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University.

 ”A good report from developers, along with positive comments of an overall healthy market, may bring more buyers off the side-lines,” said Mike Hughes, General Manager of Downing-Fry Realty. “The strong activity in pending sales brings a sense of urgency that if they wait too long to make a purchase, the property may not be there.”

“We are now seeing multiple buyers competing for the same property,” said Brenda Fioretti, NABOR® Media Relations Committee Chairman and Managing Broker of Prudential Florida Realty.

To view the entire report, visit www.NaplesArea.com 

See the John R. Wood January 2012 Market Reports below:

Market Report January 2012

Neighborhood Snapshot January 2012

To search for homes for sale in Naples, Bonita Springs and Estero, FL click HERE!

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