November 19, 2011

Naples Real Estate: Available Inventory Decreased 19% In October 2011 Compared to October 2010

The real estate market in the Naples, Bonita Springs and Estero area continues its recovery.
The inventory of residences for sale is now of 7,325 available properties compared to 9,044 properties available at the end of October 2010. 
This is a 19% reduction! 
The median closed price for properties over $300,000 increased 18% to $605,000 compared to $513,000 one year ago.
The recovery is particularly sensitive in the Naples Beach areas, located West of US41.
There is a strong recovery for the condominiums listed in the $1 million to $2 million bracket.
These figures are part of the latest market report released yesterday by NABOR (Naples Association Board of Realtors).
View the complete market report for October 2011...
View the complete statistics for October 2011...
View all available beachfront properties for sale in the Naples area...

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