Disregarding the boom years of 2004 and 2005, 2012 represented historically the best year in the history closed sales in the Naples area real estate numbers. Buyer’s are no longer sitting on the side lines but are actively seeking buying opportunities before pricing increases really hit the market.
Overall pending sales increased 6%, from 10,070 pending sales in 2011 to 10,683 pending sales in 2012. Overall inventory decreased by 13% from 7581 in 2011 to 6557 in 2012 according to the Naples Area Board of Realtors (NABOR).
However, according to Jack McCabe, a real estate analyst based in Deerfield Beach, prices are nowhere near 50% of where they were before the market decline.
So, Buyers be alert for opportunities.
The Naples’ ‘market’ should be considered to consist of Naples / Bonita and areas of Estero. The Ft. Myers / Cape Coral / Lehigh Acres and Punta Gorda areas are an entirely different market place and are way behind the Naples market in their recovery.