Winter 2012 Market Update
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 239-357-9558

Average Home Price $550,000 - View Graph Trend
Average Price Compared to Last Year Up 10-15%
Average Time on Market 60-90 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$700,000 - $749,000
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 Pine Ridge isIncreasing
Seller Activity for the past 90 days in Pine Ridge is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryThe 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.
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 CommentsPine Ridge and Naples area in general are seeing inventory decrease and prices getting ready for an upswing. Beach Property is selling quickly and home under $500,000 are moving. 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. Inventory is decreasing.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Good economic news
Nearest Metro AreaNaples
Housing Hot SpotsWithin the Collier County area, North Naples is considered a Hot Spot, and is a great place for a second home or a place to retire.
Average Sold Price $550,000 - View Graph Trend

Pine Ridge 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.

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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:  4.60%
  15 yr. jumbo rate:  3.96%

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