For those who have been reading my stats report, I'm pleased to bring you a brand new format! Thanks to the skillful work of the SunshineMLS development team, I bring you more relevant accurate information in graphical format.
So What's The Difference?
Previous numbers were based on Naples MLS users activity regardless of where the property was located. Therefore the previous numbers and the stats provided through FAR & NAR were not truly representative of Naples. These graphs are based on properties that are located in Naples, specifically all areas in Collier County excluding Marco Island and other outlying areas.
This graph depicts that new listings coming on to the market has come down to normal levels, the trend of increased inventory has been broken.
As reported for the last 12 months the number of sales has slowed. This is mostly due to the short term investors/flippers leaving the market. Their exit has created temporary uncertainty in all buyers which exaggerated the drop off. We believe that buyers will come back slowly over the next few months and start a trend upward again.
Even though the number of sales slowed, sale prices have showed a steady trend upward. However, it should be noted that most of the increase in the average price over the last twelve months was due to less lower end properties selling while higher end properties continue to move.
Inventory: 10,119 (approx. a 16 month supply, calculate by dividing the inventory by the average # of sales per quarter) - Active (active and active with contract status) residential inventory in all Naples areas as retrieved from SunshineMLS today.
Prior Reports: Sep 2005 - Oct 2005 - Nov 2005 - Dec 2005 - Jan 2006 - Feb 2006 - Mar 2006 - Apr 2006 - May 2006 - Jun 2006 - Jul 2006 - Aug 2006
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