DOWNING-FRYE REALTY, INC.

JUNE 2010

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NAPLES: 239-261-2244
3411 Tamiami Trail N
Naples, FL 34103
BONITA SPRINGS: 239-992-8711
27180 Bay Landing Drive, Ste. 5
Bonita Springs, FL 34135
Newsletter
MEDIAN PRICE INCREASES FOR SECOND CONSECUTIVE MONTH
MORE PENDING SALES
June 2010 – The Naples area market is seeing pos- 9,239 in April 2010 compared to 10,574 in the same
itive signs such as soaring sales and median closed month last year.
price increases according to a report released by the Single family pending sales in the 1 million to 2
Naples Area Board of REALTORS® (NABOR), million price segment more than doubled with 48
which tracks home listings and sales within Collier contracts written in April 2010 compared to 16
County (excluding Marco Island). contracts in April 2009.
The overall median closed price increased 22 per- Source: Naples Area Board of REALTORS®
cent from $170,000 in April 2009 to $208,000 in
April 2010. This is the second consecutive month
that the median closed price has increased. For BONITA SPRINGS – ESTERO:
properties over $300,000, the median price in- SALES CONTINUE TO INCREASE
creased 3 percent from $534,000 in April 2009 to
$550,000 in April 2010. The Bonita Springs-Estero real estate market is
“Supply and demand is driving the price up from moving towards stabilization. The number of new
the low end of the market,” said Mike Hughes, Vice- listings of single-family homes in April 2010 is 57
President of Downing-Frye Realty. less than what was listed in January 2010, while
Traditional sales (as opposed to distress sales) closed sales have continued to climb: February (60),
made up 69 percent of the total number of closed March (91), April (100). The market is showing a
sales in March 2010. combination of declining supply and increasing de-
The report provides annual comparisons of mand and absorption.
single-family home and condo sales (via the Sun- The number of new listings of condominiums in-
shineMLS), price ranges, geographic segmentation creased in April 2010 to 253 versus 238 in March.
and includes an overall market summary. The sta- This increase may be due in part to239.597.1666 seasonal effects
239.597.1666 www.NABOR.com
www.NABOR.com 1455
1455Pin
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tistics are presented in chart Real life.

NABOR ®® Real life. Real answers.
NABOR Real answers.
Naples Area Board of REALTORS
Naples Area Board of REALTORS
when
239.597.7725
239.597.7725Fax
sellers head Fax www.NaplesArea.com
north
www.NaplesArea.com Naples,
Naples

format, along with the fol- NAPLES AREA MARKET: after using their condos
lowing analysis: Pending
Pending
over the winter. Not Closedonly
Closed
Overall home closed sales has there been an increase
1,293 10,387
increased 46 percent to 914 1,400
1,400
1,293
in12,000
condominium listings,
12,000
10,387
8,052
1,200 974 914 10,000 8,052
sales in April 2010 com- 1,200
1,000
1,000
974
626
626
914
but also
10,000
8,000
8,000
monthly
6,669
6,669
5,272
increases
800 Pending 5,272
pared to 626 closed sales 800
600
600
Pending
Closed
Closed
in 6,000closed sales: January
6,000
4,000
in April 2009. Properties 400
400
200
(90),4,000
2,000
2,000
February (109),
200
under $300,000 saw a 25 00 March 00 (123), April (148).
April
April2009 April
April2010 12-month
12-monthending
ending4/2009
4/2009 12-month
12-monthending
ending4/2010
percent increase in pend- 2009 2010
Closed sales in the lux- 4/2010

ing sales with 882 contracts Median ury market (oneInventory million
MedianPrice Price Inventory
in April 2010 compared to plus) more than doubled
$550 $525
706 contracts in April 2009. $600
$600
$500
$550 $525
in 11,000
April 2010 10,574 (9) over
10,574
$500 11,000
Single-family pending $400
$400
March 10,500
10,500
2010 (4). There
$222 Median
MedianPrice
sales saw a 27 percent in- $300
$300
$200
$222 $182
$182
Median
Price
MedianPrice
Price>>$300
$300
have been
10,000
10,000 26 luxury prop- 9,239 9,239
$200 9,500
crease with 691 contracts $100
$100 erties sold
9,500
9,000
9,000
so far in 2010.
$-$-
in April 2010 compared to 12-month
12-monthending
ending 12-month
12-monthending
ending
Closed
8,500
8,500 sales in the
4/2009 4/2010 April
April2009 April 2010
544 contracts in April 2009. 4/2009 4/2010
$100,000-200,000 2009
range April 2010
Condo closed sales saw Overallalso continue to grow:
Overall

a 69 percent increase with 507 closed sales in April January (13), February (16), March (4), April (20).
2010 compared to 300 closed sales in April 2009. Source: The Bonita Springs-Estero Association . Marco Island, are included.
Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding
. Marco Island, are included.
Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding

The available inventory decreased 13 percent to of REALTORS®

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