Bay Colony Report
We wish you a Healthy and Prosperous New Year and look forward to assisting you with your future real estate goals!
Naples Sales activity in the 4th quarter (October-December) slowed down across the board from its blistering pace set in earlier months. The shortfall was nearly 11% behind 4th quarter 2009.
In the 4th quarter, the “less than 300k” category finished 8.8% below 2009. The middle market registered a 16.5% short fall while the high end market registered an 11.5 % decline.
Totals for the year are impressive given continued weak economic conditions and a nationally battered real estate industry. Naples continues to defy national trends and closed out the year nearly 12% ahead of 2009. This is the second consecutive year with positive results. Fuelling the local demand are historically low prices and great value across all three market segments.
Yearly performance in the “less than 300k” category finished 10.2% ahead of 2009. The middle market registered a 12.4% improvement while the high end market registered a whopping 27.4% gain.
Do not miss your opportunity to capitalize on the best Buyers market in the history of Naples. Call us BEFORE it’s too late.
This report and prior ones are posted on Jim’s blog which can be accessed on his web site.
Jim Amirsakis
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