Here is the 3rd Quarter 2014 report issued by NABOR, the Naples Area Board of Realtors3rd Quarter
Inventory Remains Tight
Naples, Fla. (October
17, 2014) - Limited inventory continues to be the story of the Naples area
real estate market, according to the third quarter report released by the
Naples Area Board of REALTORS® (NABOR®). Inventory of existing homes decreased
9 percent from 4,080 homes available in the 3rd quarter of 2013 to 3,702 homes
in the 3rd quarter of 2014. This tight inventory affected sales activity as
demonstrated by a 10 percent decrease in pending sales from 2,548 in 3rd
quarter 2013 to 2,304 pending sales in 3rd quarter 2014; and an 11 percent
decrease in closed sales from 2,339 in 3rd quarter 2013 to 2,093 closed sales
in 3rd quarter 2014.
Contrary to the reduction of
pending and closed sales in the 3rd quarter of 2014, real estate agents across
Collier County reported being very busy keeping up with the growing demand.
This anomaly, as confirmed by a panel of brokers analyzing the NABOR® 3rd
Quarter 2014 Naples area market statistics, is likely a result of the market
experiencing an influx of new home construction that, while not reported in the
Southwest Florida MLS, has replenished the void resulting from a decreased
inventory in the resale market.
The NABOR® 3rd Quarter 2014 Report
provides comparisons of single-family home and condominium sales (via the
Southwest Florida MLS), price ranges, and geographic segmentation and includes
an overall market summary. The NABOR® 3rd Quarter 2014 sales statistics are
presented in chart format, including these overall (single-family and
condominium) findings:
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