The Vineyards Mid Year Real Estate Sales Update

The mid year real estate market statistics for both The Vineyards home and condominium sales are listed below. The Vineyards is an upscale gated golf community with excellent amenities located in Naples, Florida.

The Vineyards Home Sales Jan-Jun 2007:

• 22 Closed Sales
• Average Sales Price - $872,922
• Average Days on Market - 193
• Price/Sq. Foot - $326.21

The Vineyards Condominium Sales Jan-Jun 2007:

• 25 Closed Sales
• Average Sales Price - $408,120
• Average Days on Market - 158
• Price/Sq. Foot - $216.42

In comparison with 2006 sales data, for this same time period, we've seen a 23% decrease in the average price for homes and a 28% decrease in the average price for condominiums. Average days on market rose by 14% for homes and 42% for condominiums year over year respectively.

Like many communities in SW Florida, there is currently an oversupply of properties on the market. There are 119 homes and 137 condominiums for sale in The Vineyards. The upside to this situation is many properties are being offered at prices not seen since early 2004. Examples include eight single family homes between $375K & $425K and twelve condominiums below $300K.

If you would like more information on The Vineyards Real Estate, please contact us and we'd be happy to assist you.

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