According to these excerpts from press releases by FAR and NAR. Now, we're not talking about great numbers here but I do think it's a clear indication of the bottom. I've heard the expression that the market is "bouncing along the bottom" and I think it applies. I don't believe it means each successive month will have an increase but it could. More likely, though, it means we will continue along the current pace for awhile with small changes up and down. I think that this particularly applies to the national numbers. With regard to Florida, however, since we are entering "the season" "down here", we could well see 3, 4, or 5 consecutive months of increased volume. This will be like stabilize prices (i.e. the free fall has ended, except for properties still not adjusted to the current market).
ORLANDO, Fla. - Aug. 25, 2008 - Single-family existing home sales rose in Florida for the first time in more than two years: While only six more homes sold in July 2008 than in July 2007, it could indicate stabilization in Florida's housing sector, according to the latest housing statistics released by the Florida Association of Realtors® (FAR).
WASHINGTON - Aug. 25, 2008 - Existing-home sales rose in July to the highest level in five months, although sales have hovered in a relatively narrow range over the past 11 months, according to the National Association of Realtors® (NAR).
I have various current market data reports available on my website - www.BobPisa.com
Paseo is another Stock development community in Fort Myers just off Daniels Parkway. This location is a short drive to the airport, beaches, shopping, shopping (did I mention shopping), boating, and golf!
While this photo is of Ole in Lely in Naples, the product, environment, and amenities are just the same in Paseo. From this link you can read more and view the resales available in Paseo. In addition to the resale condomium properties picture above, Paseo offers tradition single-family residences from about 1,600 square feet to more than 3,000 square in several different signature level homes.
As a relatively new community Paseo New Construcion (single-family home and The Villages condominiums) may be just what you are looking for.
NABOR, the Naples Area Board of Realtors, has just released the year-over-year YOY data for 16 of the key zip codes in Naples. NABOR consistently reports the same zip codes.
OVERALL MARKET STATISTICS
What's selling - April-April YOY change from same period last year:
Pending Sales:
Overall UP 24.7%, but in the price range:
<= $300K: UP 89.7%,
$300K - $500K: UP 18.2%, all other price groups are down YOY but only slightly
Closed Sales:
Overall UP 6%%, but in the price range:
<= $300K: UP 61.9%, all other price groups are down YOY but only slightly also
Areas with growth in Pending and Closed sales:
Naples Beach, North Naples
The complete report is available on my Naples FL Page on my web site.
edited 5/24/2008 to clarilfy and report April-April YOY results not 12-month ending.
As reported in a press release from NABOR - Naples Area Board of Realtors - Naples, Florida - "...greatest market activity in the past 31 months..."
This indeed is very good news and it's based on the complete market report issued at the same time. The report is available by following the link and looking at the bottom of the page.
What is notable in the data?
Pending Home Sales - The exuberance is derived from pending home sales data. The increase in the Pending Home sales numbers is a result of buyers writing contract offers for real estate. The Pending sales data will translate into increase closed sales numbers in the next 30 - 60 days. Buyers are buying. The good deals are here now, without question.
$0-$300,000 Range - The increase in Pending sales is in this range only. But, it is extremly important especially for the second home buyer. What it means is that properties that were almost $600k just a year or so ago can now be purchased for $300,000 or less. In pending sales this category is up almost 27% over the same period last year.
Closed Sales Data - It's not just the pending data that matters. Closed sales for the same period year-over-year is up more than 33%!
Prices are going down - Well there's just no question, that is what's driving the sales and sales activity thereby further reinforcing the right time to buy. Looking at the average or the median doesn't really tell the story because it is sensitive to the range in value for the units sold. What needs to be looked at are the properties of interest and compare them to the recent and past markets for like properties. This is where the Realtor comes in.
Prices will stay down - Even though the activity has increased, the available inventory is relatively flat with new properties coming on the market. This will hold prices down.
All-in-all this is great news for home buyers. WOrk with a Realtorwho understands the local market, the market in general and local dynamics.
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
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With our real estate office in Naples and my home in booming Estero I have great exposure to and knowledge of Naples, Bonita Springs, Estero and south Fort Myers.
Robert (Bob) Pisa moved to the Naples area after spending 30 years in the Boston area. He was raised in the metro-NYC area and graduated from the Rochester Institute of Technology (Rochester, NY) in 1974. His career has been primarily in high-technology manufacturing and enterprise software for multi-national companies. Bob was also a successful small business entrepreneur and ultimately sold his start up business after six years of operation to a major corporation. He is the recently elected Vice President for the Grandezza Master Homeowner's Association and President of the Santa Lucia Homeowner's Association. Bob attained his real estate license in 2005, and is working in commercial and residential real estate. He is a member of Naples Area Board of Realtor®, NAR, and FAR.
Sales recognition. 
Residential + Commercial + Investment + 1031 Exchanges
Read all and recent testimonials here.
Howard and Kathy - Ft. Lauderdale, FL
Bob Pisa is a true professional. After working with two other realtors in the Naples area, we almost gave up altogether in our search for a new home. Bob was a breath of fresh air; not pushy or overbearing, allowing us to direct the search, while keeping us informed every step of the way, and giving us great advice. Bob pointed out quite a few issues that we were completely unaware of, even though this was our fifth home purchase. Every point of negotiation in our purchase turned out in our favor. His referrals to inspectors and title company were great as well. We could tell right away that Bob knew the real estate business inside and out and only had our best interest as his focus. That blend of knowledge, professionalism and integrity is a rare find these days. We could not have asked for more!
Howard and Kathy
John and Lisa - St. Louis, MO
Bob, Thanks for your assistance in helping us purchase our town home in Naples. Since we live so far away, it was really nice to have worked with someone who answered our calls and emails promptly! Your help in showing us on line listings of what was available in the location that we wanted saved us so much time and effort. I appreciate your being there to do the walk through for us when we closed since we were not able to be there ourselves.Thanks again for all your help!
John and Lisa
Anthony Elia - Attorney at Law
I am an attorney in Connecticut specializing in real estate transactions. My wife and I recently purchased a home in Punta Gorda with the help of Robert A. Pisa of Prestige Properties of South Florida. Attempting to buy a home so far away can be a daunting task, but Bob went out of his way to make us feel comfortable, going so far as to take photos of various homes and the rooms inside to provide us with as much information as possible. He was forthright and honest with his recommendations and we soon became aware that his opinions were right on target and that we could trust his judgment. Bob was extremely helpful in negotiating a fair price for our home once we finally found something that was to our liking, a process throughout which Bob exhibited an abundance of patience. His dedication to us as home buyers did not stop once we purchased our home, as he has again gone far beyond the call of duty to assist us with matters which came about after the closing. There are many real estate agents who would forget you even exist once they are handed their commission check, but I can assure that Bob is not one of them. I have been practicing law in the Connecticut for almost 30 years and I can tell you from experience that real estate agents of Bob's caliber and expertise are few and far between. We are very fortunate to have chosen Bob as our real estate agent and we highly recommend his services to anyone who is interested in buying a home in Southwest Florida.
Sincerely,
Anthony J. Elia, Jr.
Connecticut
Andy J. - Denver, CO
Going through a process of purchasing a second home is never easy, especially when you have to complete the deal from a distance. Bob's professionalism made our process much easier and convenient. My introduction to Bob came from this wonderful website. His responsiveness to my many questions and inquiries was always truthful, honest, and prompt. It is rare that you find someone who is patient, who strives to understand a client's needs, and then organizes a trip that will guide you through a difficult decision. Through this process, Bob became friend, colleague, and real estate advisor for my family. What more can you ask...If you are looking for someone who has these qualities, I highly recommend that you speak with Bob.
Andy J.
Brian O'Donnell, CEO | Fraysen Systems Ltd.
I have worked with Bob on a number of projects going back almost twenty years. I have always have found him trustworthy and committed to getting the job done. I have highly recommended him to a number of associates and will continue to do so.
Brian F. O'Donnell
Tom Barrett, Director | EqualLogic Inc.
I have known Bob for more than ten years with much of that time in a professional environment where I found Bob to be nothing other than the quintessential professional. Bob's ability to research the relevant data and apply a highly analytical approach always leads to well informed conclusions and good decision making. These traits in addition to his commitment to get-the-job-done and attention to the details are exactly what you want from your real estate professional. Bob's recommendation comes to you without any hesitation whatsoever.
Bob Thaler, Sr. Director, Marketing Communications | Acronis, Inc
I have known Bob Pisa for more then 10 years as a business associate, peer and close friend.
Bob is a man of great integrity, is extremely dedicated to his family, his work, and is trustworthy beyond reproach. Highly motivated to always do the best in every aspect of his chosen field, he does whatever it takes to ensure a satisfied customer. His dedication to hard work, identifying the best solutions for his clients, establishing life-long friendships and a sincere drive for honesty makes Bob Pisa the consummate professional.
Furthermore, his expert ability to research critical information necessary to make important buying decisions will serve his clients well when considering a real estate transaction.
I have first hand knowledge of Bob's character and credentials because of our peer relationship at a firm selling very complex software to the semiconductor industry. His performance was so impressive; Bob was rewarded with a promotion to Senior Director.
Bob Thaler
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