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Celebrating
20 years in Real Estate
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Information
about Naples.
JUNE
23, 2012 NEWS FROM OUR BROKER AT DOWNING-FRYE REALTY.
I
have been talking about the high level of closings for several
months. Let me try to put it in perspective. For the entire 2007
year, we had 1,971 Downing-Frye closings. For the entire 2008
year, we had 1,968 closings. To date, ( not even six months into
the year ), we have closed 1,991 properties. Wow !!! JUNE
2012 NEWS FROM OUR BROKER AT DOWNING-FRYE REALTY.
Do
you realize that in the first 116 days of 2012,
Downing-Frye agents have turned in 1,511 pending sales contracts?
That's a staggering number. April continues to be another great
month for sales. I am looking forward to see the final April numbers
on Monday. We definitely will have more April pending sales this
year than we had last April. JUNE 2011 NEWS FROM OUR BROKER AT DOWNING-FRYE REALTY....June was a very good month for Downing-Frye Realty. Our pending sales were UP 15% over last June. We had 241 pending sales in June of 2011 compared to 210 in June of 2010. Our pending sales volume was even better as it increased 29% over the June 2010 pending sales volume. In June of 2011, we had $84 million in pending sales volume. A breakdown of the Downing-Frye pending sales transactions is as follows:
MAY 2011 NEWS FROM OUR BROKER AT DOWNING-FRYE REALTY....."Well, the dust is still settling for the month of May. Throwing out the two bubble years, it was our best May in over 40 years for closed transactions. Let's take a look at the closed transactions for the first five months. Our closed transactions are UP 35% over the first five months of last year. That's a huge increase in closed sales transactions. We have now closed over 1500 transactions in 2011. In spite of negative national news, this pocket in Florida is doing extremely well for closed sales transactions. It will be interesting to see NABOR's inventory number for the end of May. We might get below 8000 inventory units. It's been a while since we have had an inventory this low." Mike Hughes, Manager |
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Condo pending sales in the Naples Beach area are leading the way 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). Overall condo pending sales are up 6 percent. The Naples Beach area contributed significantly to the increase with a 43 percent rise in that area of condo pending sales from April 2010 to April 2011. There are 156 contracts in the Naples Beach area in April 2011 compared to 109 contracts in April 2010. Naples Beach was recently recognized by national media as one of the top five most relaxing beaches in the world. It was the only beach in Florida listed on the "Most Relaxing Beaches" list. Overall pending and closed sales in the $2 million and above price range are increasing. Astute buyers recognize that this is a good time to buy in the luxury market. Pending sales in the $2 million and above price range increased 9 percent and closed sales increased 35 percent from April 2010 to April 2011. Traditional sales, those that are not short sales or foreclosures, continue to climb. They now make up 71 percent of the market, the largest percentage of traditional sales we have seen in two years. According to Mike Hughes, vice president of Downing-Frye Realty, "This is the first time in four years we have seen the overall inventory decrease to the 8,2000 range. This is encouraging". |
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NABOR:
Home prices on the rise
Single-family home sales also saw an increase, group says By Johanna Somers jsomers@naplesnews.com Single-family homes are selling locally and their median price is rising. The median closed price increased 6 percent, to $210,000 from $199,000, over the year ending May 2011, according to the Naples Area Board of Realtors. In 2011, there are 7,705 unsold properties on the market compared with 9,006 last year. “With its strong market and rising prices, Naples is the exception to the two-thirds of the country experiencing real estate challenges, just as predicted by Dr. Lawrence Yun, chief economist of the National Association of Realtors,” said Phil Wood, president of John R. Wood Realtors. Over the past year, overall pending sales increased by 8 percent and overall closed sales increased by 4 percent, according to a NABOR press release. Single-family home pending sales increased by 8 percent while condo sales increased by 9 percent. “The increase in sales is found in the traditional market, not short sales or foreclosures which now make up less than 30 percent of the properties sold,” president of Naples Area Board of Realtors Brenda Fiorette said. Figures come from reports, which can be found at www.NaplesArea.com. Price ranges and geographic segmentation were found by using Naples Area Board of Realtors’ multiple listing service, according to the press release. |
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 3411 Tamiami Trail North, Suite 100, Naples, Florida 34103 |
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 2003, 2004, 2005, 2006, 2007, 2228, 2009, 2010, 2011 |
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You'll
find information about services in the Naples area at
NaplesVendorsList and JeanMblog.
My goal: to help everyone find a qualified service in Southwest Florida. |
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I promise to offer 5-Star service |
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