Pine Ridge Real Estate Market Conditions & Reports, Pine Ridge Market Trends, Florida

Market Commentary Provided by Kellie Brown
If you can qualify, now is an exceptional time to buy a home in Pine Ridge. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 239-738-3696

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Kellie Brown
John R. Wood Realtors
Bonita Springs, Florida
239-738-3696
kbrown@johnrwood.com
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Nearest Metro Area

Naples

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

Inventory Comments

There are 160-175 single family homes available for purchase in the Pine Ridge area ranging from $250,000 to about 8 million. As far as multi family homes, including attached villas, there are just over 200 homes available, ranging in price from $46,000 to just over 1 million

Average Home Price

$550,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$700,000 - $749,000

Compared to Last Year

Up more than 30%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Multiple Offers Commentary

The number of bank owned properties are shrinking, so more people are turning to short sales for perceived bargains in the distressed property market, however there are many sellers out there now that are pricing their homes to sell at the current market price. What is this means is that you don't have to buy a bank owned or short sale property to get a great buy today.

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Pine Ridge is

Increasing

Seller Activity for the past 90 days in Pine Ridge is

No Change

Is Financing Available For Qualified Buyers in Pine Ridge?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Within the Collier County area, North Naples is considered a

Reason to Buy/Sell

Average Sold Price

$550,000 - 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.

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