Your Neighborhood Update
Florida’s Market Update
Sept. 19, 2012 – Florida’s housing market had more closed sales, more pending sales, higher median prices and a reduced inventory of homes for sale in August, according to the latest housing data released by Florida Realtors®.
Statewide closed sales of existing single-family homes totaled 18,669 in August, up 10.8 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. Closed sales typically occur 30 to 90 days after sales contracts are written.
During the month of September, the Farmer’s Market will be held every other Wednesday. But starting in October and continuing through December, it will be held every Wednesday from 4pm – 8pm outside the Verona Walk weight room and coinciding with Bingo night. The produce boasts of exceptional quality and most of it is organic. Curious about the variety of the fruits and vegetables you can purchase? Click here for all the pictures.
Naples Market Up 10%
DWINDLING INVENTORY DRIVES HOME PRICES UP
Release Date: Friday, September 14, 2012
Pending Sales: Increased 16% in the $500K-$1M category and 10% in the $1M-$2M category 12-month ending
Closed Sales: Increased 16% in the $500K-$1M category and 12% in the $1M-$2M categories 12-month ending
Median Closed Price: Increased 10% overall 12-month ending
Inventory: Decreased 13% AUG 2011 – AUG 2012
Average DOM: Decreased 55% in the in the $2M+ category AUG 2011 – AUG 2012
Naples Beach area Pending Sales increased 10% and Closed Sales increased 9% 12-month ending