| An overall analysis of the housing market of Naples, | | | | Looking closely at the break-up of total 8,052 home |
| during the months of April and May 2010, brings | | | | sales during the last 12 months period, as published in |
| cheers for the simple reason that home buying | | | | local real estate sites, would bring forth some more |
| activity is picking up; inventory of unsold properties | | | | facts as follows: |
| diminishing, although the median home prices are | | | | Price range of Naples homes Percentage of sales |
| somewhat decreasing. Understandably, due to the | | | | $000K to $300K 70.53% |
| housing bubble engulfing all the markets of US, and | | | | $300K to $500K 13.79% |
| Florida being the third most-hit State in the Top Ten | | | | $500K to $1M 9.48% |
| of them by the foreclosure crisis, the Naples market | | | | $1M to $2M 3.83% |
| is not functioning normally as it was. | | | | $2M + 2.39% |
| First the month of April - The Naples Board of | | | | Considering the sale prices in the normal Naples |
| Realtor's home sales report for April 2010 brings | | | | market, it is still to come back to normalcy, as a |
| encouraging news that in the overall Naples market, | | | | majority of Naples homes sold were in the price |
| the inventory of available properties for sale has | | | | range of $300,000 and below. Experts in the Industry |
| decreased by 12.62 percent, compared to April 2009. | | | | say that it is still going to take some more time for |
| Taking for analysis, the 12 months period from April | | | | Naples to get back to what it was, prior to the |
| 2009 to April 2010, it is really good to see that there | | | | foreclosure crisis. |
| is a whopping 52.73 percent increase in the number | | | | Next - coming to Naples housing market statistics for |
| of closed sales. The home buying activity has | | | | May 2010, it again provided a bit of good news for |
| certainly picked up at Naples. But has Naples gained | | | | single family owners. There is a 9 percent increase in |
| its "normal" market? It is difficult to say so, because | | | | the overall market with regard to median home |
| based on the present number of residential | | | | prices, comparing May 2009 to May 2010. Obviously, |
| properties in the unsold inventory, it would take 13.78 | | | | this increase was driven by the single family segment |
| months to deplete the inventory, market watchers | | | | of the market. However, the 12 months period |
| observe, whereas it should not take more than 6 | | | | ending May 2010 still show a decrease in the median |
| months for a normal Naples housing market. | | | | home prices, compared to the previous 12 months |
| As for median home prices, comparing the month of | | | | period ending May 2009. |
| April 2010 with April 2009, one can observe that | | | | Finally, the BP oil spill in the Gulf is causing great |
| there is an increase of 22.35 percent alright, but | | | | concern to Naples housing market. Although Naples |
| during the 12 months period from April 2009 to April | | | | beaches are crystal clear as of now, experts |
| 2010, there is a decrease in the median home prices | | | | apprehend about summer sales, once the spill |
| by about 18.01 percent. | | | | expands to reach them. |