2011 Housing Inventory Ends At 5 Year Low

FOR IMMEDIATE RELEASE
N Ft Myers, Florida, United States of America (Free-Press-Release.com) January 25, 2012 -- Statistics compiled by NABOR show an increase in overall sales with inventory diminishing in Collier County, which is an encouraging sign that the favorable market conditions are moving buyers.
The 2011 report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. An overall summary combines the statistics for both single family and condominium properties. The statistics are presented in chart format, along with the following statistics:

• Single family pending sales increased 5 percent with 5,162 contracts in 2011 compared to 4,896 contracts in 2010

• Condo pending sales increased 11 percent with 4,908 contracts in 2011 compared to 4,422 contracts in 2010

• The overall median closed price over $300,000 increased 2 percent to $550,000 in 2011 from $540,000 in 2010

The 2011 fourth quarter report showed overall pending sales for the 12 months ending December 2011 increased 8 percent to 10,071contracts compared to 9,319 contracts for the same 12 months of 2010.

• Overall closed sales in the $1 million to $2 million category increased 38 percent with 76 sales in the fourth quarter of 2011 compared to 55 sales in the fourth quarter of 2010

• Single-family home sales in the $500,000 to $1 million price range increased 13 percent with 90 sales in the fourth quarter of 2011 compared to 80 sales in the fourth quarter of 2010

• Condo sales declined 2 percent to 793 sales in the fourth quarter of 2011 compared to 808 sales in the same quarter of 2010

To view the entire report, visit http://www.NaplesArea.com

The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 4,000 plus member-customers. NABOR is a member of the Florida REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.


Contacts: Brenda Fioretti, NABOR Media Relations Chairman, (239) 595-6219
Marcia Albert, NABOR Director of Marketing, (239) 216-4148

Collier County     florida     florida real estate     housing     market     NABOR