DOWNING-FRYE REALTY, INC.

MAY 2010

Newsletter
MILLION DOLLAR SALES UP 100% IN NAPLES AREA
df May 2010 – There are no signs of a seasonal slow- ready closed over 1,000 transactions this year. Buy-
down in the Naples area, as home sales surged in the ers have recognized the values and are jumping on
NAPLES: 239-261-2244
first quarter of 2010 according to a report released board. If there was ever a time to secure a great lo-
3411 Tamiami Trail N by the Naples Area Board of REALTORS® (NA- cation at a great price, this is it, and apparently the
Naples, FL 34103 BOR), which tracks home listings and sales within word is out.”
Collier County (excluding Marco Island). Source: Naples Area Board of REALTORS®
BONITA SPRINGS: 239-992-8711
27180 Bay Landing Drive, Ste. 5
In the $1 million to $2 million price segment,
Bonita Springs, FL 34135 the number of pending sales doubled with 146 con- BONITA SPRINGS – ESTERO:
tracts in the first quarter of 2010 compared to 73
SALES UP – INVENTORY DOWN
contracts in the same quarter a year ago. The aver-
age days a property was on the market decreased 10 The number of single family homes coming on
percent in this price segment in the first quarter of the market continues to decline, from 248 in Janu-
2010. ary 2010 to 190 in March. The number of single
Condominiums are leading the market improve- family closed sales climbed from 64 in January to 91
ment as overall pending sales increased 75 percent in March. Both these trends indicate solid market
in the first quarter of 2010 to 1,679 contracts com- www.NABOR.com
239.597.1666
activity as sales are on a trend to exceed the number
1455 Pine Ridge Road
pared
NABOR ® Real life. Real answers. to 957 contracts in the first quarter of 2009.
239.597.7725 Fax of properties
www.NaplesArea.com Naples,coming
FL 34109 on the market.
Condo closed sales in the $500,000 to $1 million The number of condominiums that came on the
Naples Area Board of REALTORS

price range increased to 96 closed sales in the first market in January was 302. By March, the number
Pending Closed
quarter of 2010 compared to 48 closed sales in the was down to 238. Inversely, condo unit sales contin-
1,394

1,400 first quarter of 2009. 12,000 ue10,300

to grow, from 90 in January to 109 in February
Overall pending sales saw a 55 percent increase,
7,729
1,200
1,000
909 850 10,000
8,000
6,281 and 123 in March.
592
800
600
with 3,346 contracts inClosedthe first 6,000
Pending
quarter of 2010 5,133
There were Pending 46 condominiums sold in the
Closed
400 compared to 2,160 contracts in the2,000first quarter of $100,000 to $200,000 price range in February
4,000

200
0 2009. 0 and 43 in March. Luxury
March 2009 March 2010
Overall closed home sales NAPLES AREA MARKET:
12-month ending 3/2009 12-month ending 3/2010
condo ($1 million+) sales
under
Median Price $300,000 increased Inventory for 2010 year-to-date total
40 percent with 1,393 sales eight sales with three of
$550 $525 11,211
$600
$500
in the first quarter of 2010 11,500
those in March.
$400
$235
compared to 992 closed 11,000
10,500 9,557
Luxury single family
$300 Median Price
$200 sales$180in the first quarter of
Median Price > $300 10,000 homes ($1 million+) to-
9,500
$100
2009. 239.597.1666 www.NABOR.com 1455 Pine Ridge Road
talled six sales in January,
Real
endinglife. Real answers.
$- 9,000 239.597.7725 Fax www.NaplesArea.com Naples, FL 34109
NABOR12-month
® Single-family
12-month ending
Naples Area Board of REALTORS pending 8,500
seven in February and four
3/2009 3/2010 March 2009 March 2010

sales increased 39 percent in March. Sales of single

Overall
with 1,667 contracts in the
Pending Closed family homes between
first quarter 1,394
of 2010 com- 10,300
$100,000 and $200,000 re-
pared to 1,203 contracts in
1,400 12,000
1,200 909 850 10,000
7,729 main stable at an average of
the first quarter of 2009.
. Marco Island, are included.
1,000
800
592
Pending
6,281
5,133 Pending 15 a month while sales in
Calculations are based on property listings that exist within SunshineMLS. Only properties in Collier County, excluding
8,000
6,000
600
400
The available inventory Closed
4,000
Closed
the most active price range
200 decreased 15 percent to 2,000
of $200,000 to $400,000
0 0
March 2009 9,557 properties
March 2010 in the first 12-month ending 3/2009 12-month ending 3/2010 are double that number.
quarter of 2010 compared (March had 31 sales.)
Median
to 11, 211 Priceproperties in the same quarter a year ago. InventoryThe March “Top Ten” sales totaled $14,686,000

$600
$550 According$525 to Mike Hughes, Vice-President 11,211 of with an average price of $1,468,600.
$500
$400
Downing-Frye Realty, Inc., “Our transactions
11,500
11,000
for Source: The Bonita Springs-Estero Association
April$1802010 were Median up 70% over last 10,500
April. We’ve al- of Realtors®
Exceptional service
$235 9,557
$300 Price
$200 10,000 Median Price > $300
$100 9,500

for over 45 years. $-

12-month ending
3/2009
12-month ending
3/2010
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March 2009 March 2010
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