| Market Commentary Provided by Adell Cotter While I continue to have interest via inquiries into properties, buyers seem to be waiting to purchase. Ironically, the time to buy a condo or home is extremely favorable for buyers as interest rates are rising, but certainly are still reasonable and inventory are the best I have seen in years. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
Adell Cotter
Seaside Properties Naples, Florida 239-777-2763 seasideproperty@embarqmail.com Agent Home Page |
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| Nearest Metro Area | Fort Myers, FL | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $386,500 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | Up 5-10% | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Naples Park and Pelican Bay is | |||||
| Seller Activity for the past 90 days in Naples Park and Pelican Bay is | |||||
| Is Financing Available For Qualified Buyers in Naples Park and Pelican Bay? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | Beach and waterfront areas continue to sell as well as condos and homes priced in the $250,000 - $650,000. | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $386,500 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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