Naples, Bonita, Estero Market Reports - February 2009

Please CLICK HERE to download the February 2009 Real Estate Market Report for Naples, Bonita, & Estero.

Here are some of the highlights.

CLOSED SALES
* February closed sales units are up 11% over February 2008.
* Year-to-date February closed units are up 13% over YTD February 2008. Volume is down 39%.
*63% of units closed in February are under $250,000.
* Median Sales Price year-to-date February is down 49% from February 2008.

Note: An adjustment to January closed sales units, resulting from additional sales entered into MLS after close of report period, shows a 15% increase in units over January 2008 as opposed to the “less than 2%” reported.

PENDED SALES
* Pended sales units year-to-date February are up 56% over same period 2008.
* February pended units up 49% over February 2008.
* 65% of year-to-date pended sales are below $250,000.

NEW LISTINGS
* Number of new listings taken year-to-date February is down 8% over prior year period, and the lowest for the
period since year-to-date February 2005.
* Number of new listings taken during the month of February 2009 is also the lowest February number since 2005.
* Active listing inventory on March 1, 2009 was 14,008 (6872 condominiums and 7136 single family). This represents
an 11% decrease from March 1, 2008.