Local Real Estate markets continues to gain strength

The September market posted more good news as pended sales units soared to an all-time high! The over $1,000,000 price segment showed gains in pended sales (over prior year) for the second consecutive month. As most news sources now promote our area as one of the most undervalued markets in the nation, we are experiencing increased buyer interest and activity. All of this bodes well for an active season in which it is likely that inventories in some areas will return to historically normal, or below normal levels. Price remains the driving force in the current market, so it is important that sellers adjust prices to take advantage of the many qualified buyers who are looking at southwest Florida.
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June Real Estate Sales Report for Naples, Bonita and Estero Florida

Sales for June continued to be strong, up 35% over June 2008. Especially strong is the under $250,000 catagory. This is still a result of the short sales and foreclosures that have dominated this market all year. Inventories on those types of properties are falling steadily.

Average sales price in June was the lowest in the 10 year period that we have been collecting data. Median sales price is down 42% from June 2008. We appear to be rapidly approaching the bottom of the market if we are not already there. Of course we won't know that until prices start to move upwards. Although sales continue to look better, it is important to note that this is still a price-driven market. Sellers who want to sell need to know this and price accordingly.

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Of particular note this month is the increase in pended sales in the $1,000,000 - $2,000,000 price segment. This is the first month this year that we have seen an increase over prior year in the over $1,000,000 category. Based on recent increases in showing activity, this could signal the beginning of a return to a more normal market for sales of luxury properties in this price range.

New listings and inventory levels continue to decrease over prior year, while pended and closed sales continue to post gains. Pended sales for the month of May are the highest for the month since May 2005.
marketreportMay2009.pdf

April 2009 Real Estate Market Report for Naples, Bonita and Estero Florida

In my continuing effort to keep you updated on the most current conditions pertaining to the Real Estate Market, here is the most current information that is available. I invite your comments.

Closings and Pended Sales continued at a brisk pace as they have for the past several months. Properties priced below $250,000 continue to sell at an accelerated pace over other price ranges. Remember, that this category not only includes the bulk of short sales and foreclosures, but in many cases, also reflects sellers pricing to the current market, rather than holding on to 2004 and 2005 asking prices. Also, many of these properties are the ones priced much higher a year or so ago, so represent some great values.

It is noteworthy that the median sales price has essentially remained the same for four consecutive months. With less than a 3% variation in one of the months, median sales price has held steady at $190,000 since January 2009. This is in contrast to a $302,500 median price in April 2008, and may indicate that we have reached the bottom in pricing. As we have always stated in this report, pricing is very neighborhood and segment specific, so be sure to get current information on properties in which you may have an interest.

Another important fact to note this month is that with the exception of only two price segments, inventory is down in all segments when compared with April 2008. Condominiums and single family homes in the under $250,000 category and condominiums and homes in the $2,000,000 - $5,000,000 segment actually recorded increases in available inventory over 2008. All other categories show decreases, with the largest decreases in condominiums priced between $250,000 and $500,000 (down 25%) and single family homes priced between $500,000 and $750,000 (down 35%).

The market continues to strengthen and offers some great buying opportunities. Prices in general are below 2002 levels and represent the greatest values since pre-2000.

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Bonita Bay - Community Profile & Listings - Bonita Bay Real Estate

BONITA BAY

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90 holes of Championship Golf make Bonita Bay a golfer's dream come true! Wonderfully located on Southwest Florida's Gulf Coast, this community offers the perfect blend of recreation and relaxation. Designated an award winning community by the Urban Land Institute, Bonita Bay is comprised of 2,400 acres that presents residents with a collection of single family and coach homes, and Hi-Rise buildings directly on Estero Bay. With 5 Par 72 courses designed by leaders such as Arthur Hills and Tom Fazio, this private club offers exciting and challenging play for golfers of all levels. Amenities also offered include a clubhouse, meeting and conference rooms, fitness center, numerous parks, lighted tennis courts and a marina. The social activity of this club makes it a wonderful draw for many as it hosts a variety of community activities including concerts on the river.

Visit my web site http://www.RogerSellsBonita.com for more information on Bonita Bay and other Bonita Springs, Estero and Naples Communities.

Be sure to sign up for my automatic email updates on the properties or communities you are interested in! You can sign up now and receive notification anytime something new that meets your criteria comes on the market. CLICK HERE TO GO TO MY SIGN UP PAGE

Naples, Bonita, Estero Market Reports - February 2009

Please CLICK HERE to download the February 2009 Real Estate Market Report for Naples, Bonita, & Estero.

Here are some of the highlights.

CLOSED SALES
* February closed sales units are up 11% over February 2008.
* Year-to-date February closed units are up 13% over YTD February 2008. Volume is down 39%.
*63% of units closed in February are under $250,000.
* Median Sales Price year-to-date February is down 49% from February 2008.

Note: An adjustment to January closed sales units, resulting from additional sales entered into MLS after close of report period, shows a 15% increase in units over January 2008 as opposed to the “less than 2%” reported.

PENDED SALES
* Pended sales units year-to-date February are up 56% over same period 2008.
* February pended units up 49% over February 2008.
* 65% of year-to-date pended sales are below $250,000.

NEW LISTINGS
* Number of new listings taken year-to-date February is down 8% over prior year period, and the lowest for the
period since year-to-date February 2005.
* Number of new listings taken during the month of February 2009 is also the lowest February number since 2005.
* Active listing inventory on March 1, 2009 was 14,008 (6872 condominiums and 7136 single family). This represents
an 11% decrease from March 1, 2008.