I wanted to remind people with a photograph of what we all come to Southwest Florida for before providing some information on the market.
...Weather, Beaches, Boating & Sunsets!
This is just a hip shot of the make up of the BN/ES and NA MLS Inventory as of today, July 1st, 2008!
Very interesting numbers for both buyers & sellers!
Total number of listings as of this morning in Bonita/Estero and Naples, all residential types = 13,552
Total number of closed sales over the last 12 months in BN/ES, NA, resid. = 5,362
Current YRS/MNTHS of Inventory in BN/ES and NA, Residential = 2.52 yrs/30.3 mths
Market MakeUp Within Price Ranges BN/ES and NA, All Residential Types
0-250K 4,131 or 30% of the entire inventory
250-350 2,572 or 19% of the entire inventory
350-500 2,282 or 17% of the entire inventory
500-750 1,826 or 13% of the entire inventory
750-1M 992 or 7% of the entire inventory
1M-2M 1,135 or 8% of the entire inventory
2M-3M 442 or 3% of the entire inventory
3M-5M 219 or less than 2%
5M-10M 113 or less than 1%
10M 18 or not that much, in fact as a bonus if you are looking over 10 million we can do it all in a day or two.
Pending sales 2nd Qtr of 07 vs. 2nd Qtr of 08 are up 35%, that is BN/ES and NA, all residential areas.
So 66% of the inventory is below 500k, and a whopping 49% is below 350k.
These are some pretty interesting numbers for those that know the Naples & Bonita Springs market and think prices are still too high.
Hopefully these numbers provide an update on how we stand as of July 1st and further my commitment to providing the most up to date statistics and market news Naples, Bonita Springs & Estero southwest Florida market.
Delivering Noteworthy Results!
Garren Grup, REALTOR