Pine Ridge Real Estate Market - View Pine Ridge Real Estate Market Trends in Florida

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 is	Increasing

Seller Activity for the past 90 days in Pine Ridge is?	No Change

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.

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	Pine 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 Area	Naples

Housing Hot Spots	Within 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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