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April was another positive month for home sales in Naples. The Naples Area Board of Realtors (NABOR) released their monthly statistics for all of Collier County, except Marco Island, and the numbers were up. There were a total of 914 closed sales in April, 2010, as opposed to 626 for the same month last year, representing a 46% increase. For the twelve month period ending in April of this year there was rise of over 52.7% compared to the same time period ending in April, 2009.

All pricing categories for Naples home sales shared in this improvement in the number of closings for April. At the high end the number of sales in excess of $2 million more than doubled, going from 12 last April to 26 this year. The $500,000 to $1,000,000 price range improved 92.7% with 106 total closings, while the $1 million to $2 million bracket experienced an 86.2% rise. Just over half of all the closed sales occurring this April were under $300,000. There were 597 completed sales in the month compared to 449 the previous year, showing a 33% increase. This under $300,000 price range improved a remarkable 67.8% for the twelve month period ending April, 2010, as compared to the twelve month period ending April, 2009.

The NABOR report also provided a bright glimpse into the future of Naples real estate. The number of pending sales where a contract has been signed but has not closed went from 974 at the end of April, 2009, to 1,293 at this Aprilís end. This 32.7% increase was again shared by all pricing categories. Leading the way was the $1 million to $2 million range which jumped nearly two and a half times, going from 26 last April to 63 for this year. Pending sales in the over $2 million price range grew 61.9%, while the $300,000 to $500,000 category showed a very healthy 45.3% rise to 186 pending sales at the end of April. Looking at the 12 month period ending in April, the year 2010 improved more than 55% in pending deals from the previous year. The under $300,000 range had the greatest improvement, registering a 61.6% gain using the 12 month yardstick, followed closely at 56.1% by the $1 million to $2 million bracket. The smallest rise was in the $2 million plus category showing a modest 15% increase.

Another positive sign for the Naples real estate market was revealed in the NABOR report. The inventory, or the number of homes actively on the market, has decreased more than 12.5% in the past year, going from 10,574 at the end of April, 2009, to 9,239 at the end of this April. The largest percentage drop occurred in the over $2 million level which decreased over here for more information.

Real Estate Information Sources - Real Estate Information General
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