NaplesGolfGuy Report January

January 22, 2016 Posted by Matt

NaplesGolfGuy Report – January 2016

The latest market report by NABOR (Naples Area Board of Realtors) shows overall inventory decreased 1 percent in November 2015 when compared to November of 2014 falling from 4,136 homes down to 4,095 homes. The good news is single-family home inventory increased 5 percent from 2,217 single-family homes in November 2014 to 2,319 single-family homes in November 2015. The downside is inventory for condos has decreased slightly.

Closed sales remained consistent increasing 1 percent from 9,724 homes to 9,800 for the 12-months ending November 2015. Overall pending sales in all price categories about $300,000 increased in November with the $1 million to $2 million price category showing the largest increase at 27 percent.

Real estate sales in the Bonita Springs and Estero areas finished the year strong. According to the latest report issued by the Bonita Springs-Estero Association of Realtors (B.E.A.R), December saw a significant increase in pending sales compared to the same time the previous year. Pending sales of single family homes and condos were up a whopping 26 percent. Closed sales fell 10 percent during the same time which is likely due to the large number of pending sales. As we head into 2017 there is a six month supply of inventory available which is a healthy supply of homes available for sale for individuals looking to purchase property in the area.