DOWNING-FRYE REALTY, INC.
APRIL 2010
Newsletter
NAPLES AREA CLOSED SALES UP 50% 239.597.1666 [Link] 1455 Pine Ridge Road
NABOR
Naples Area Board of REALTORS ®
Real life. Real answers. 239.597.7725 Fax [Link] Naples, FL 34109
April 2010 – Closed sales in the Naples area con- four days of March. This compares to $19 Million
df
Pending
tinue to increase as home prices stabilize according last year for the same period. The Closed contracts below
1,122
to a report released by the Naples Area Board of RE- $250,000 are up 33% compared to March 2009. The 1,200 12,000
10,045
1,000 10,000
ALTORS® (NABOR), which tracks home listings pending sales contracts in the $250,000 - $500,000 691 7,426
5,957
800 542 8,000
425 Pending 4,951 Pending
600 6,000
and sales within Collier County (excluding Marco range are up 9% over last March. The pending 400 239.597.1666 [Link] 1455 Pine Ridge Road
Closed
4,000
Closed
NAPLES: 239-261-2244 NABOR Real life. Real answers. 239.597.7725 Fax [Link] Naples, FL 34109
Island). sales contracts in the $500,000 -
200 2,000
Naples Area Board of REALTORS ®
0 0
3411 Tamiami Trail N
According to Mike Hughes, $750,000 range are up 120%
Feb. 2009 Feb. 2010 12-month ending 2/2009 12-month ending 2/2010
NAPLES AREA MARKET:
Naples, FL 34103 Pending Closed
Vice-President of Downing- Median Price over last March. The pending
Inventory
1,122
BONITA SPRINGS: 239-992-8711 1,200
1,000
Frye Realty, Inc., “Home sales sales contracts in the $750,000 12,000
$600
10,000
$555
10,045
$525 11,427
27180 Bay Landing Drive, Ste. 5 increased considerably across - $1,000,000 range are up 117%
691 7,426
$500 5,957 11,500
800 542 8,000
Pending 4,951 Pending 11,000
Bonita Springs, FL 34135
425 $400
600 6,000
the board in February. This sig- over last March. In the range
$250 9,682
Closed $300 Median Price
Closed 10,500
400 4,000 $177
$200 Median Price > $300 10,000
nificant gain was, in part, due above $1,000,000, we have sold
200 2,000 9,500
$100
0
$- 0 9,000
to the strong sales in the above the same number of properties
Feb. 2009 Feb. 2010 12-month
12-monthending
ending2/2009 12-month
12-month ending 2/2010
ending 8,500
2/2009 2/2010 Feb. 2009 Feb. 2010
$300,000Median
pricePricecategory.” For Inventory Overallas last March (through the first
$600
the 12 months ending February$555 $525 26 days). The pending sales con- 11,427
. Marco Island, are included.
Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding
$500
$400
2010, overall closed home sales tract volume for March 2010 11,500
11,000
$250
$300
$200
increased 50 percent to 7,426 $177 exceeds $100 Million. A lot of
Median Price
Median Price > $300
10,500
10,000
9,682
$100
$-
sales compared to 4,951 sales in high-end contracts have been 9,500
9,000
the same month last year.
12-month ending
2/2009
12-month ending
2/2010 coming in lately. Our closed 8,500
Feb. 2009 Feb. 2010
Overall pending sales in-Overall sales volume is UP 40% over
creased 62 percent with 1,122 contracts in Febru- last year for the first 2.5 months. That is a whopping . Marco Island, are included.
Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding
ary 2010 compared to 691 contracts in February increase.”
2009. Properties under $300,000 saw a 54 percent Source: Naples Area Board of REALTORS®
increase in pending sales with 774 contracts in Feb-
ruary 2010 compared to 501 contracts in February BONITA SPRINGS – ESTERO:
2009. STRONG BUYING SEASON
Single-family pending sales increased 51 percent
with 578 contracts in February 2010 compared to In February 2010 single-family home listings
382 contracts in February 2009. were down 45 units from January 2010. Closed sales
Overall condo sales increased 44 percent with were also down, but only by 4 units.
270 sales in February 2010 compared to 188 sales Condominium listing activity showed a drop of
in February 2009. 56 units. Even as inventory of condos declined, sales
The overall median closed price decreased only 3 in late January and February increased by 19 units.
percent to $179,000 in February 2010 compared to A look at the price points of sold closed proper-
$185,000 in February 2009. ties remains the same as the previous month. Mil-
Excluding the $300,000 and under segment, lion dollar plus homes and condos went from 8 to
comprising a majority of foreclosure related prop- 10 units. Properties in the $100,000 to $200,000
erty sales, the overall median price for the market went up from 45 to 62 units. However the $400,000
declined only 4 percent to $500,000 in February to $700,000 ranges dropped from 27 in Janury to 19
2010 from $522,000 in February 2009. The median units in February.
refers to the middle value in a set of statistical values The month’s “Top Ten” closed sales numbers
that are arranged in ascending or descending order, are just $595,000 less than January’s figures at
in this case prices at which homes were actually sold. $14,069,900. The average price for one of these
Hughes also reported about company sales activ- “Top Ten” sales is $1,406,900.
ity for March. “March Madness is back! Downing- Source: The Bonita Springs-Estero Association
Frye Realty, Inc. closed $38.7 Million in the first of Realtors®
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