NABOR, the Naples Area Board of Realtors, has recently published the market statistics for Collier County. The news is generally good! The market is improving in that unit sales - single-family homes and condominiums - will have a big increase in March 2008.
The overall February sales numbers (closings) are down year-over-year and that is reflective of the sluggish activity over the previous one to two months. However, the all important pending home sales number is up year-over-year. In fact, its' up more than 10.5%. We would expect to see, therefore, closed sales in March to be near the 480 mark and that would also be a 10% increase year-over-year.
This will be a large step-function increase from February 2008 closed sales. It is not unexpected due to the seasonality of the market in southwest Florida. Further, it continues a steady upward trend in unit sales that begun in November of 2007.
You may download the complete report from the Naples Community Page on my Web Site. Scroll to the bottom of the page for the report link.
Bob Pisa, Realtor
www.BobPisa.com
239.898.6865
