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Winter 2012 Market Update
Property showing and inquiries have increased steadily during spring of 2011. Buyers are buying. Sales are predominately cash sales. Financing continues to be a challenge. The majority of properties selling fall into the $200,000-$500,000 range. Bay front properties now starting at the high $300,000. Beach front properties start in the $500,000.
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | No Change |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Naples Park and Pelican Bay is | Increasing |
| Seller Activity for the past 90 days in Naples Park and Pelican Bay is? | No Change |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Limited short sales and foreclosures in Naples Park and Pelican Bay home market. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Naples, Florida |
| Housing Hot Spots | Beach and waterfront areas continue to sell as well as condos and homes priced in the $250,000 - $650,000. |
| Average Sold Price | $300,000 - View Graph Trend |
Naples Park and Pelican Bay Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Adell Cotter
239-777-2763
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Adell Cotter
Seaside Properties
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 239-777-2763
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