
The
sales of homes and condominiums in the Southwest Florida
real estate market continued to impress as season wound
down in April. The cities of Bonita Springs and Naples saw their property sales rise
substantially. Both snowbirds and investors alike pulled the
trigger and snapped up one of the many good deals currently
available. Buyers who remain in a "wait and see" mode are finding
out their choices are becoming more limited and many of the best
properties are now receiving multiple offers.
Here's a synopsis of the April sales numbers:
At the end of the month, there were 9,239 active residential properties listed in the Naples MLS. That's a decrease of 13% versus this time last year and reflects a 8.6 months' worth of supply of inventory. Pending sales were up 33% over last year and totaled 1,293. Foreclosures and short sales continue to drag down the median price. The median price of all sold properties was $208,000, up 22% from a year ago. The median price for properties sold above $300,000 was $550,000, up 5% from $525,000 in 2009.

It will be interesting to see how things go as we move into the summer season. If the tighter inventory trend continues, things are going to get tricky as the competition for properties will be fiercer. So, if you're thinking about purchasing a little piece of paradise for yourself and your family, now may be the time to do it. Waiting too much longer and you may just let the deal of a lifetime pass you by.
*Sales Data Statistics from SWFL and NABOR MLS
Gulf Coast Associates, Realtors
Specializing in upscale Florida Real Estate for Sale
Bonita Springs Real Estate | Naples Real Estate
888-617-3674
Be the first to share your thoughts!
© Copyright Real Estate Webmasters 2004-2010, All Rights Reserved. Terms of Service