| 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 |
CONNECT WITH A LOCAL PROFESSIONAL
Kellie Brown
John R. Wood Realtors Bonita Springs, Florida 239-738-3696 kbrown@johnrwood.com Agent Home Page |
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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. Click here for full article... |
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