Posted about 16 years ago

April condo sales for Naples

The latest report from the Naples Area Board of Realtors (NABOR) showed a very positive increase of 46% in home sales in for the month of April, 2010, compared to the same month last year.  However when you delve a little deeper and look at the supporting statistics, the numbers for condominiums really stand out.  Of the 914 total closings for all of less Marco Island this April, 507 of them or 55% were for condos.  This also represents a 69% increase over the previous April.

 

 

 

 

 

 

 

All different price ranges as measured by the NABOR report shared in this growth.  The number of units that sold in for more than $2 million jumped from 2 in April, 2009, to 15 for this April, while the $500,000 to $1,000,000 price bracket more than doubled by going from 23 up 52.  The under $300,000 price category had the most activity with 356, making up over 70% of all condo closings this April.  This price break also showed the largest gain when comparing twelve month time periods.  For the past twelve months ending April 30, 2010, there were 2,913 closings of condos priced under $300,000 compared to only 1,616 for the twelve months ending April 30, 2009, representing an increase of 80%.  The $500,000 – $1,000,000 price grouping had the next highest growth rate of over 52% for these twelve month periods.  With a gain of just 5%, the $1 million to $2 million price bracket produced the least twelve month improvement.

 

The number of pending sales where a contract has been signed but not closed for condominiums also projected a positive sign with a 40% rise this April as compared to a year earlier for .  As with sales, the number of pending closings increased in all pricing categories, with $1 million or more bracket almost doubling, going from 14 last April to 27 for April, 2010.  The under $300,000 price point, which accounted for almost 75% of all pending sales for condos, improved from 313 in April, 2009, to 450 for this year’s April, a rise of over 43%.  While the $300,000 to $500,000 price break showed the smallest gain, this was still a healthy 20%.  For the twelve month period ending April, 2010, the total number of pending sales for jumped 75%...click here for more information