June Real Estate Sales Report for Naples, Bonita and Estero Florida
Sales for June continued to be strong, up 35% over June 2008. Especially strong is the under $250,000 catagory. This is still a result of the short sales and foreclosures that have dominated this market all year. Inventories on those types of properties are falling steadily.
Average sales price in June was the lowest in the 10 year period that we have been collecting data. Median sales price is down 42% from June 2008. We appear to be rapidly approaching the bottom of the market if we are not already there. Of course we won't know that until prices start to move upwards. Although sales continue to look better, it is important to note that this is still a price-driven market. Sellers who want to sell need to know this and price accordingly.
CLICK HERE FOR THIS MONTHS REPORT
Average sales price in June was the lowest in the 10 year period that we have been collecting data. Median sales price is down 42% from June 2008. We appear to be rapidly approaching the bottom of the market if we are not already there. Of course we won't know that until prices start to move upwards. Although sales continue to look better, it is important to note that this is still a price-driven market. Sellers who want to sell need to know this and price accordingly.
CLICK HERE FOR THIS MONTHS REPORT
posted by Roger Brunswick, PA, Realtor at
10:30 AM
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