Area closed home sales up 10 percent in 2010

4what Local News, Naples Real Estate Info

Jan. 14, 2011

The year 2010 has shown healthy housing market gains in the Naples area according to the Naples Area Board of Realtors. The annual statistics compiled by NABOR show increases in overall pending and closed sales, inventory declining and an increase in the median closed price.

Overall, closed sales increased 10 percent to 7,840 sales in 2010 compared to 7,126 sales in 2009. According to NABOR President Brenda Fioretti, managing broker of Prudential Florida Realty, said the most improved segment of our market is the $1 million and above price category. “In the $1 million to $2 million price segment, pending sales increased 29 percent and closed sales increased 33 percent,” Fioretti said.

– Single-family home sales increased 3 percent to 3,959 sales in 2010 compared to 3,847 sales in 2009.

– Condo sales increased 18 percent to 3,881 sales in 2010 compared to 3,270 sales in 2009.

Home sales grew steadily in 2010, resulting in a decline in the months of inventory.