Market report april 2012

for naples, Bonita, estero Market areas

Listed, Pended, CLosed Year to date aPriL 2012
Year 2012 2011 2010 2009 2008 Listed 7,116 7,687 8,536 9,336 10,484 Pended 6,363 6,891 6,502 4,988 2,977 CLosed 3,873 4,079 3,870 2,536 2,037 average saLes PriCe $378,092 $365,436 $365,010 $359,848 $581,381

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Median saLes PriCe $199,000 $175,000 $197,750 $190,000 $302,500

Listed, Pended, CLosed Month of aPriL 2012

Year 2012 2011 2010 2009 2008 Listed 1,498 1,640 1,948 1,888 2,068 Pended 1,496 1,663 1,320 1,688 1,441 CLosed 1,178 1,263 1,271 814 674

Breakdown BY PriCe CategorY Year to date aPriL 2012

Listed range 0-$250 $250-$500 $500-$750 $750-$1M $1-$2M $2-$5M $5M+ Units 3,454 1,880 734 335 456 211 46 % 48.54% 26.42% 10.31% 4.71% 6.41% 2.97% 0.65% Units 3,698 1,439 506 240 300 164 16

(This chart shows the percentage of the market represented by each price segment.)

Pended % 58.12% 22.62% 7.95% 3.77% 4.71% 2.58% 0.25% Units 2,254 878 342 130 185 76 8

CLosed % 58.20% 22.67% 8.83% 3.36% 4.78% 1.96% 0.21%

CLosed saLes Closed sales year-to-date posted a slight pull back from the same period 2011. This is probably due to the slow start of the 2012 season. Closed sales for the past 12 months are approximately the same as prior year. Sales above $1,000,000 remained robust and of the 261 closings in this category, eight were at or above $5,000,000. Pended saLes The number of pended sales below $250,000 is down 15% from the first four months of 2011. This segment now represents 58% of sales pended year-to-date, down from 63% in 2012. The largest increase in the number of pended sales is in the $750,000 - $1,000,000 segment which is up 17% over the January April period 2011. new Listings The number of new listings taken in April is the lowest for the month since 2004. Available inventory in the Naples, Bonita Springs, Estero market on May 1, 2012 stands at 7,116 units (3,863 condominiums and 3,253 single family homes). This represents a 20% decrease from May 1, 2011.
John R. Wood REALToRS, The Symbol of Local Knowledge The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2012 Sunshine MLS, LLC. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.