Naples Real Estate – January 2012 Naples/Bonita market statistics

In 2012, there were 667 closed sales in all of Naples and Bonita for January. This compares with 720 closed sales for last year. This is a 7.9% decrease from last year.

Here’s an interesting chart comparing 2012 to last year:

Closed Sales	Total	Under $300,000	$300,000 to $700,000	$700,001 to $1,000,000	$1,000,001 to $3,000,000	Over $3,000,000
January 2011	720	540	115	20	36	9
January 2012	667	465	143	19	36	4
Difference	-53	-75	+28	-1	0	-5
% Change	-8%	-16%	+24%	-5%	0%	-56%

Sales are down significantly in the under $300,000 category. This is more a function of availability rather than demand, however. Inventory of the lower priced homes is down dramatically from last year. Otherwise, demand remains strong in the other categories.

Inventory of available property is down from last year.   As the following table shows, however, the level of inventory varies dramatically by price point.  

 

Naples Home Inventory As of February 5, 2012
	Total	$300,000 and under	$300,001 to $700,000	$700,001 to $1,000,000	$1,000,001 to $3,000,000	Over $3,000,000
Number Sold Last 13 months	11,339	7,854	2,328	427	610	120
Average Number Sold per Month	872	604	179	33	47	9
Total Available for Sale	8,438	3,825	2,603	721	1034	255
Months of Supply 2012	9	6	15	22	22	28

 

There is still a buyer’s market for homes priced above $700,000. In the over $3 million market, for example, there are 255 properties available. Thru the last 13 months, 120 properties in this price range have sold…which means an average of about 9 per month. At that rate, the 255 homes available represent about 28 months of supply.