Buyers Market or a Sellers Market?
November 2, 2015 Posted by Matt
How do you determine if it is a buyers market or a sellers market? One way is to look at the number of active sales, closed sales and the months of supply on the market. Sometimes it could be a buyers market in one community and a sellers market in another community within the same city or neighboring cities. It may even vary in different neighborhoods within the same development.
Communities considered a sellers market
- Bay Colony Single Family Homes (active homes – 0, closed annual sales – 6, months of supply – 0)
- Pelican Bay – Condos (active homes – 11, closed annual sales – 72, months of supply – 1.83)
- Bay Colony – Condos (active homes – 8, closed annual sales – 45, months of supply – 2.13)
- Gulf Shore Blvd./Naples Cay – Condos (active homes – 32, closed annual sales – 132, months of supply – 2.90)
- The Colony – Single Family Homes (active homes – 4, closed annual sales – 13, months of supply – 3.70)
- Grey Oaks – Single Family Homes (active homes – 29, closed annual sales – 68, months of supply – 5.12)
- Pelican Bay – Single Family Homes (active homes – 15, closed annual sales – 34, months of supply – 5.30)
- Shadow Wood at the Brooks (active homes – 12, closed annual sales – 26, months of supply – 5.55)
Communities considered a balanced market
- Old Naples – Condos (active homes – 17, closed annual sales – 33, months of supply – 6.18)
- Bonita Bay – Single Family Homes (active homes – 18, closed annual sales – 33, months of supply – 6.54)
- Bonita Bay – Condos (active homes – 13, closed annual sales – 22, months of supply – 7.10)
- Coquina Sands/Moorings/Park Shore – Single Family Homes (active homes – 67, closed annual sales – 109, months of supply – 7.37)
- Quail West – Single Family Homes (active homes – 40, closed annual sales – 43, months of supply – 11.17)
- Old Naples – Single Family Homes (active homes – 66, closed annual sales – 66, months of supply – 12.0)
Communities considers a buyers market
- Port Royal – Single Family Homes (active homes – 42, closed annual sales – 38, months of supply – 13.29)
- Mediterra – Single Family Homes (active homes – 56, closed annual sales – 47, months of supply – 14.32)
- Collier’s Reserve – Single Family Homes (active homes – 11, closed annual sales – 9, months of supply – 14.66)
*Data for each community includes properties priced at $1 million and above as of August 31, 2015.
Don’t see the community you’re interested in buying a home? I’ll be happy to provide you with the latest market information for other communities and I will help determine if the communities are considered a buyers market or a sellers market.
