The 2012 Naples Florida Real Estate Market has really shown a remarkable improvement over the previous year according to the latest results published by the Naples Area Board of Realtors (NABOR). This just released report covers all of Collier County, except Marco Island, and the numbers reveal very encouraging signs for this area in Southwest Florida.
According to NABOR, the 2012 Naples Real Estate Market had an increase of closed sales of over 9 % compared to 2011, with all price points achieving a gain. Homes that sold from $500,000 up to $1 million recorded the highest percentage increase, 28.7%, followed at 20.2% by those closing between $300,000 and $500,000. All the geographic areas outlined in the report also participated in the improvement. The Naples Beach area and North Naples led the way with closed sales growth of nearly 14% and 11% respectively.
Another aspect of the NABOR report is the Median Closed Sale Price. That is the number where half of the reported sales were below that figure and the other half above it. That number jumped by more than 16.5% in 2012 as opposed to 2011, with North Naples and South Naples leading the charge.
The inventory of the number of homes listed for sale is another statistic that warrants attention regarding the 2012 Naples Florida Real Estate Market. At the end of this past year there were nearly 14 % fewer homes on the market compared to 2011. Central Naples experienced a decrease of close to 20 %, while both Naples Beach and North Naples saw declines in excess of 16% in their inventory.
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Chris and Dick Dovorany
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Naples, Bonita Springs and Estero, Florida
Buyers agents for over 12 years specializing in 2nd homes, investments (1031 Exchange), vacation and retirement properties.
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