Kelly E. Capolino PA Real Estate Market Update: Southwest Florida Sellers Should Watch the Competition
Kelly Capolino presents the most recent statistics on the Southwest Florida real estate market and provides advice for buyers and sellers.
Naples, FL, December 18, 2010 --(PR.com)-- Kelly E. Capolino, a Southwest Florida real estate professional and founder of the Diamond Volunteer Program, has statistics to report regarding both, buyers and sellers in southwest Florida -- buyers have enough options to find the best deal however, sellers need to watch the competition.
The number of properties for sale has remained constant from the previous month with 10,488 active listings in the local area. Units under contract have stayed at a favorable 10% monthly for most of 2010. The number increased 15% from 2009 — 1,049 units currently versus 909 units last year. Closed sales considerably decreased by 21% from last November, but up 42% from November 2008.
“Sales inventory and the number of available properties is the real thing to watch in this market,” says Capolino. “Buyers have more choices and are looking for a deal, so sellers need to keep a careful eye on the competition. In the peak periods of 2004 and 2005, buyers wanted the best community or building – this is a secondary concern for today’s buyer, who is looking for the best price first and foremost.”
Median price ranges for single family homes have continued to stay steady at $215,000 in November and $217,000 in October 2010. The numbers are very similar to those of 2009, with $216,000 in November and $218,000 in October, suggesting that these prices are the bottom. However, condo sales dropped again to a median price of $138,000 from $160,000 in 2009 and $182,500 in 2008.
Units sold in the higher end of the market remain on target and comparable to 2009, with 21 homes sold at over $1 million, topping off at $4.9 million for the month of November. Per square foot prices continue to drop in the higher end, however, an effect of foreclosure and short sale considerations.
“The property inventory allows for choices in all price ranges, sizes, and colors,” Capolino adds. “With builders again flourishing throughout the county, and interest rates low for all levels of purchasing, the time is right to buy in southwest Florida!”
About Kelly E. Capolino:
Capolino, founder of the Diamond Volunteer Programs and an agent with Keating Associates, is a residential real estate “Listing Leader” and “Top Producer” in Naples. She ranked #16 out of 5,000 real estate agents with the Naples Board of Realtors in 2009, excluding foreclosure agents. Her expertise in real estate is far-reaching with extensive knowledge and experience in luxury properties, acreage properties, investment properties, and renovation opportunities.
Capolino’s office is located in downtown Olde Naples on 5th Avenue South. She can be reached at 239-877-6700 or 239-262-6606 ext. 319 or online at Kelly@Naples.net or at www.KeatingRealty.com.
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The number of properties for sale has remained constant from the previous month with 10,488 active listings in the local area. Units under contract have stayed at a favorable 10% monthly for most of 2010. The number increased 15% from 2009 — 1,049 units currently versus 909 units last year. Closed sales considerably decreased by 21% from last November, but up 42% from November 2008.
“Sales inventory and the number of available properties is the real thing to watch in this market,” says Capolino. “Buyers have more choices and are looking for a deal, so sellers need to keep a careful eye on the competition. In the peak periods of 2004 and 2005, buyers wanted the best community or building – this is a secondary concern for today’s buyer, who is looking for the best price first and foremost.”
Median price ranges for single family homes have continued to stay steady at $215,000 in November and $217,000 in October 2010. The numbers are very similar to those of 2009, with $216,000 in November and $218,000 in October, suggesting that these prices are the bottom. However, condo sales dropped again to a median price of $138,000 from $160,000 in 2009 and $182,500 in 2008.
Units sold in the higher end of the market remain on target and comparable to 2009, with 21 homes sold at over $1 million, topping off at $4.9 million for the month of November. Per square foot prices continue to drop in the higher end, however, an effect of foreclosure and short sale considerations.
“The property inventory allows for choices in all price ranges, sizes, and colors,” Capolino adds. “With builders again flourishing throughout the county, and interest rates low for all levels of purchasing, the time is right to buy in southwest Florida!”
About Kelly E. Capolino:
Capolino, founder of the Diamond Volunteer Programs and an agent with Keating Associates, is a residential real estate “Listing Leader” and “Top Producer” in Naples. She ranked #16 out of 5,000 real estate agents with the Naples Board of Realtors in 2009, excluding foreclosure agents. Her expertise in real estate is far-reaching with extensive knowledge and experience in luxury properties, acreage properties, investment properties, and renovation opportunities.
Capolino’s office is located in downtown Olde Naples on 5th Avenue South. She can be reached at 239-877-6700 or 239-262-6606 ext. 319 or online at Kelly@Naples.net or at www.KeatingRealty.com.
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Contact
Kelly E. Capolino
E. Sue Huff
239-262-6606 ext.316
www.keatingrealty.com
E. Sue Huff
239-262-6606 ext.316
www.keatingrealty.com
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