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Spring 2012 Market Update
Although property on Southwest Florida’s world famous barrier islands are always in high demand, great values are available in the Naples/Bonita Springs/Ft. Myers market, noted for both spectacular beaches and exclusive gated, world-class golf and country club communities. Do not hesitate to ask.
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| Average Home Price | $650,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $500,000 - $549,000 |
| 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 | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Naples is | Increasing |
| Seller Activity for the past 90 days in Naples 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 | With prices finally stabilizing, Buyers, based on pent up demand, have re-entered the market |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Captiva |
| Nearest Metro Area | Naples / Fort Myers |
| Housing Hot Spots | All waterfront properties are in great demand. In particular, homes on saltwater canals with direct boating access. All properties with large water views and cottages, near but not directly Gulf front, are in high demand. Condos and Old Florida style cottages in tropical settings are also popular. |
| Average Sold Price | $650,000 - View Graph Trend |
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Domain Realty Group @Downing Frye Realty, inc.
Downing Frye Realty
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