Fellow Realtors,
I had some additional questions so I dug further and this is what I found...
Question 1- What is the breakdown of the type of homes sold during the last 12 months?
· 45% were Single Family Homes
· 43% were Condos (low, mid & high rise)
· 10.5% were Attached & Detached Villas
· 1.5% were Manufactured
Question 2- What's the breakdown of the type of homes sold within the range of $150K to $399K?
· 42% were Single Family Homes
· 45% were Condos (low, mid & high rise)
· 13% were Attached & Detached Villas
Question 3- How do these closed sales in the last 12 months compare to sales 24 months & 36 months ago?
· Compared to 24 months ago we are UP 10% (4,384 closed sales to 3,981 closed sales)
· Compared to 36 months ago we are down 14% (4,384 closed sales from 5,096 closed sales)
· Average the 2 cycles, the downturn 24 months ago and the boom 36 months ago and you get 4,538 avg. closed sales compared to the last 12 months we're only down 3.4%
· This shows us the sales are there we of course have to work twice as hard for them to get the same amount of income because the median price has dropped about 40% but hey at least the sales transactions are there you just got to go in there and get some.
Hello fellow Realtors, I was doing some real estate homework and thought I'd pass on this info to the rest of you. You can use it to narrow down price range to market to or even price range of which homes to do an Open House in.
•· In Naples last 12 months 4,384 homes sold 10,268 homes currently active
•· 68% of sold homes are in the $100K to $499K
•· Narrowed down further 50% of sold homes are in the $150K to $399K
•· The top 2 selling price ranges are $200K to $249K and $300K to $399K accounting for 27% of all sold homes
Out of the 4,384 homes sold 47% were cash transactions, 45% were conventional, 4% FHA and 4% other/owner/VA
|
Price Class |
2 Beds |
3 Beds |
4 Beds |
5 Beds |
6 Beds |
Total Units |
Active / |
|
$0 - $49,999 |
18 |
3 |
0 |
0 |
0 |
21 |
30 |
|
$50,000 - $99,999 |
68 |
29 |
3 |
2 |
0 |
102 |
395 |
|
$100,000 - $149,999 |
252 |
126 |
17 |
0 |
0 |
395 |
943 |
|
$150,000 - $199,999 |
281 |
236 |
23 |
0 |
0 |
540 |
1,253 |
|
$200,000 - $249,999 |
306 |
260 |
32 |
0 |
1 |
599 |
1,062 |
|
$250,000 - $299,999 |
194 |
240 |
34 |
0 |
0 |
468 |
1,112 |
|
$300,000 - $399,999 |
179 |
339 |
61 |
11 |
1 |
591 |
1,324 |
|
$400,000 - $499,999 |
108 |
202 |
60 |
3 |
1 |
374 |
882 |
|
$500,000 - $599,999 |
65 |
138 |
42 |
5 |
0 |
250 |
651 |
|
$600,000 - $699,999 |
42 |
104 |
27 |
4 |
0 |
177 |
487 |
|
$700,000 - $799,999 |
26 |
59 |
30 |
9 |
0 |
124 |
349 |
|
$800,000 - $899,999 |
10 |
62 |
14 |
3 |
1 |
90 |
303 |
|
$900,000 - $999,999 |
15 |
51 |
10 |
5 |
1 |
82 |
235 |
|
$1,000,000 - $1,999,999 |
38 |
205 |
80 |
17 |
1 |
341 |
930 |
|
$2,000,000 - $2,999,999 |
5 |
58 |
58 |
5 |
2 |
128 |
345 |
|
$3,000,000 - $3,999,999 |
1 |
9 |
23 |
7 |
2 |
42 |
140 |
|
$4,000,000 - $4,999,999 |
0 |
3 |
14 |
3 |
3 |
23 |
72 |
|
$5,000,000 - $5,999,999 |
0 |
0 |
11 |
10 |
1 |
22 |
48 |
|
$6,000,000 - $6,999,999 |
1 |
0 |
5 |
1 |
1 |
8 |
27 |
|
$7,000,000 - $7,999,999 |
0 |
0 |
2 |
2 |
0 |
4 |
20 |
|
$8,000,000 - $8,999,999 |
0 |
0 |
1 |
0 |
0 |
1 |
8 |
|
$9,000,000 - $9,999,999 |
0 |
0 |
0 |
0 |
0 |
0 |
4 |
|
$10,000,000 or more |
0 |
0 |
0 |
2 |
0 |
2 |
19 |
|
Totals |
1,609 |
2,124 |
547 |
89 |
15 |
4,384 |
10,639 |
|
Average Price |
$305,516 |
$537,516 |
$1,214,773 |
$2,213,549 |
$2,712,666 |
$578,351 |
|
|
|
|
P.S. Hope you can all use the info and have a great weekend, Tony...
Tony Perez
VIP Realty Group, INC.
239-850-1168 (Direct)
239-437-7512 (Fax)
Below is the market report for Naples Single Family Homes and as you can see by the charts below new listings are down 3% which helps lower supply. Sold listings are still trending up ever so slightly this month and the median prices of those sold are up 2% to $259,000. Median price means half of the homes sold for more than $259,000 and the other half sold for less than that price. Another great sign was that pending sales are up 16% and with new listings down that means slowly but surely we're starting to go through the high inventory of homes on the market.
New listings continue to drop while pending sales continue to rise up 25% from last month. Though closed sales were down i do expect them to be up next month with more homes currently under contract. The median price was also up slightly to $166,250 which means half of all the homes sold in September sold for more and half sold for less than $166,250.
SUBPRIME MORTGAGES
A new program rolled out by HUD yesterday could help more homeowners avoid foreclosure. Under the program, the lender of an existing subprime mortgage forgives part of the debt as if it's a short sale, and the balance is rolled into a fixed-rate FHA mortgage.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-100208.cfm
"They won't help you if you don't ask so take the time to call your bank and see what if anything they can do, you just might be surprised". Tony Perez
FLORIDA REAL ESTATE
Sagging property values and soaring mortgage payments triggered in part by adjustable interest rates and increasing taxes have impacted Florida's housing sector long before the debate over a federal bailout of U.S. financial institutions. The state experienced a homebuilding boom earlier this decade, according to UF professor and research economist David Denslow. "The homeownership rate here goes up from 66 percent to 72 percent between 2000 and 2006 - that's a huge change," he says.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n2-100208.cfm
YOUR CONNECTED REALTOR FOR LIFE... This is my career, i'm a full-time Realtor who is organized and goal oriented in order to bring you thoroughness through the confusing real estate process.
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