So reads the headlines of the market report press release issued by NABOR - Naples Area Board of Realtors - on Friday January 16 reporting on Collier County excluding Marco Island. The data and conclusions reported on supports my previous post with regard to the Naples. The previous post also includes the Bonita Springs and Estero markets.
In a separate article published today in the Bonita Daily News it was also reported that the Fort Myers area saw an 82 percent jump in home sales.
As you would expect with a jump in sales the inventory of available homes declined 5.3% and December marks eleven consecutive months of market improvment according to the press release. Additionally, it was reported, that the average days on market (DOM) reduced 23 percent to 156 in December 2008 versus the same period in 2007.
Key Statistics year-overo-year:
- Pending home sales increase 100%
- For properties less than $300,000 overall pending home sales increased 304%
- Single-family pending home sales increase 158%
- Condominium pending home sales increase 46% overall while condominium pending home sales for properties under $300,000 increase 165%
Based on my experience in addition to similar commentary in the press release it is generally agree the "season arrived early" this year. Real estate website statistics went through the roof in October breaking all records indicating buyers were out shopping. This turned to reality as eveidenced by the Decmber closed sales statistics.
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