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Welcome to Marybeth Brooks'Naples, Bonita Springs and Estero Real Estate Website

Welcome to Marybeth Brooks'Naples, Bonita Springs and Estero Real Estate Website
Welcome to Marybeth Brooks'Naples, Bonita Springs and Estero Real Estate Website

 

SALES UP IN ALL AREAS 

Report Shows 10 Percent Inventory Reduction 

NAPLES, Fla.-June 12, 2009 

Many home sales in all Naples geographic areas showed a substantial increase over 2008, according to a report released by the Naples Area Board of
REALTORS® (NABOR). The report, tracks home listings and sales within Collier County
(excluding Marco Island). 

Overall pending home sales in the greater Naples Area, which includes Naples Beach, North
Naples, Central Naples, South Naples, East Naples, Immokalee, and Ave Maria, saw an increase
of 101 percent with 1,029 units in May 2009 compared to 511 in May 2008. 

“Pending sales in all geographic areas increased at least 50 percent from May 2009 compared
to May 2008,” stated Jo Carter, President of Jo Carter & Associates. “This is encouraging as all
areas are seeing conditions improve, not just a select few.” 

“The market continues to trend upward, with an increase in sales and a reduction in inventory.
Home sales increased 36 percent to 5,446 for the 12 months ending May 2009, compared to
4,005 for the 12 months ending May 2008,” stated John Steinwand, President of Naples Realty
Services. 

The available inventory decreased 10 percent to 10,046 in May 2009 compared to 11,175 in May
2008. 

The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall pending home sales for properties under $300,000 saw a 177 percent increase, with 5,160 pending for the 12 months ending May 2009 compared to 1,860 for the 12 months ending May 2008. 

The average days on the market decreased 24 percent to 155 in May 2009 compared to 203 in May 2008. 

Single-family home sales increased 53 percent with 383 in May 2009 compared to 251 in May 2008; single-family pending home sales saw a 110 percent increase with 603 in May 2009 compared to 287 in May 2008. 

Condo sales saw a 24 percent increase with 313 in May 2009 compared to 253 in May 2008.
“A traditional market recovery begins in the lower priced end of the market, and gradually works its way up to the higher price ranges. This trend is now occurring in the Naples area, as the volume of pending sales that are scheduled to close is rising in every price segment,” acknowledged Phil Wood, President of John R. Wood REALTORS®. 

According to Tom Bringardner, President of Premier Properties, “Over the last several months, we have not seen a precipitous drop in the median price for properties over $300,000.”  

For the 12 months ending May 2009, the median price for properties over $300,000 decreased only 1 percent to $550,000 compared to $555,000. 

The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case, prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area. 

 



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Real Estate Tips
Time to Move >Smart House Hunting

Serious house hunting can leave you worn out and confused at the end of the day. It is hard to remember which house had the great back yard and kitchen and which one you ruled out because of inadequate storage space. Some of the houses you visited looked familiar--like maybe you had seen them before. How can you conserve energy and keep it all straight?

The first step is to find a real estate agent who knows the area well and will only show you homes that meet your criteria. Next you should acquire a small note pad in order to keep a record of the homes you visit. Note the address, style and exterior color, as well as something distinctive about the house that will trigger your memory. Make a special note if a house has real possibilities. Jot down important pluses and minuses of each property and share this information with your real estate agent. This will help you to narrow down the houses so that you can focus on your favorites.

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Real Estate Trivia
Q 
What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?

A 
With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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Marybeth Brooks, REALTOR®, real estate agent and broker for Naples, Bonita Springs and Estero, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Marybeth Brooks
Downing Frye Realty

3411 Tamiami Trail N
Naples, FL 34103
239-272-6867
Fax: 239-596-6917
mbbrks@comcast.net

Marybeth's business philosophy is simple, she maintains a fiduciary obligation to protect the best interests of her clients throughout their real estate transaction. She also maintains a personalized real estate practice. It is based on a One on One relationship building. When clients choose to work with Marybeth, they work with her personally. She knows the market, current inventory and unique situations surrounding each home on the market. This benefits both sellers and buyers. Her participation with her clients does not end with the completion of a sale. She is available for ongoing consultation, market evaluation, vendor referral and recommendation. Satisfied clients are the foundation of her success.

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