Naples - 2010 vs 2005

Many people are interested in how the Naples real estate market compares now to the peak years.  2005 represented the highest number of sales as well as the peak in prices (though it was more like late 2005).  Let's take some of the more notable communities and compare 2005 with 2010.  I will only use statistics through 9/28 for each year.  I think you will find this interesting. 

Old Naples

·  163 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $199,900

·  Highest sales price - $11,200,000

·  Average sales price - $1,287,000

·  Median sales price - $1,080,000 

 

·  94 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $129,000

·  Highest sales price - $7,199,000

·  Average sales price - $1,190,000

·  Median sales price - $729,000

Port Royal

·  30 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $2,100,000

·  Highest sales price - $24,800,000

·  Average sales price - $6,568,000

·  Median sales price - $5,300,000

 

·  29 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $2,450,000

·  Highest sales price - $22,000,000

·  Average sales price - $6,956,000 (Whoa!)

·  Median sales price - $4,900,000

Pelican Bay

·  412 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $383,000

·  Highest sales price - $11,000,000

·  Average sales price - $1,273,000

·  Median sales price - $925,000

 

·  217 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $245,000

·  Highest sales price - $7,900,000

·  Average sales price - $1,071,000

·  Median sales price - $745,000

Vanderbilt Beach

·  126 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $197,000

·  Highest sales price - $3,200,000

·  Average sales price - $1,028,000

·  Median sales price - $885,000

 

·  72 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $137,000

·  Highest sales price - $4,300,000

·  Average sales price - $1,008,000

·  Median sales price - $680,000

Naples Park

·  133 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $239,000

·  Highest sales price - $800,000

·  Average sales price - $467,000

·  Median sales price - $444,000

 

·  91 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $61,500

·  Highest sales price - $499,000

·  Average sales price - $187,000

·  Median sales price - $177,000

The Vineyards

·  181 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $179,000

·  Highest sales price - $3,205,000

·  Average sales price - $629,000

·  Median sales price - $534,000

 

·  109 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $141,000

·  Highest sales price - $2,534,000

·  Average sales price - $451,000

·  Median sales price - $350,000

Grey Oaks

·  56 closed sales from 1/1/2005 to 9/28/2005

·  Lowest sales price - $650,000

·  Highest sales price - $4,270,000

·  Average sales price - $1,756,000

·  Median sales price - $1,600,000

 

·  32 closed sales from 1/1/2010 to 9/28/2010

·  Lowest sales price - $632,000

·  Highest sales price - $5,250,000

·  Average sales price - $1,893,000

·  Median sales price - $1,600,000

Some of these statistics are probably very surprising to you.  Actually, they are surprising to me.  Several communities have seen the average sales price has gone up!  Now, I deliberately targeted some of these areas to show that the wealthier areas have not gotten hit that badly.  Remember the theory - wealth attracts wealth.  This was the tone of the Forbes article where Naples was highlighted as having the largest shift in wealth in 2009. 

Most of these communities are Naples waterfront and/or Naples Luxury Golf.  The higher end of the market is made up of a higher percentage of cash buyers.  I included Naples Park to contrast because I knew that it has been an area that has come under great distress. Naples Park was mostly made up of investors and highly leveraged buyers.  Falling values caused an implosion.   

Even if you are not interested in these premium areas, this is quite a statement about Naples luxury real estate.  All owners that own, and will own in the future, will benefit from the wealth in Naples. 

Tim Ryan - Amerivest Realty

info@naplesguru.com

Office - (239) 963-4070

10001 Tamiami Trail N

Naples, FL 34108

About Tim Ryan

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Naples Condos are Selling!

There is so much misinformation out there right now about the Naples real estate market.  Our overall market has been extremely busy for the past 18 months.  This is particularly true over the last 6 months. Many outsiders get the impression that sales are stagnant and buyers are on the fence with that same attitude 'I don't have to buy'.  My sense is that in a few years these groups of buyers will look back with regret.

The segment of the market that is thriving (despite public opinion) is the condo market.  Naples condos have been very active. You may be skeptical and think 'Realtors always want to give the impression things are busy'. However, I have the data and I want to share it with you.  This comes from the MLS and is not manipulated in any way. 

Naples Condos Sold By Year:

2010 - 2746 (Still over 3 months remain)

2009 - 2943

2008 - 2071

2007 - 1837

2006 - 1974

2005 - 4306

2004 - 4549

2003 - 3523

2002 - 2125

I know we are not at the same levels as the days of 2004 & 2005 (but we may get close this year) but clearly there has been a shift in buyers motivations. 

Average Sold Sales (Condos) Over Last 4 Years

Average Sold Price (Condos) Over last 4 Years

Why the surge in sales? PRICING.

The good news is that you are not too late! Real estate is a market where you deal with individual sellers. Go to our site to find a list of all Naples condos for sale.          

Tim Ryan - Amerivest Realty

info@naplesguru.com

Office - (239) 963-4070

10001 Tamiami Trail N

Naples, FL 34108

About Tim Ryan

Posted via email from naplesguru's posterous

Naples Park Elementary

Naples Park Elementary , a Collier County Elementary school, located at 685 111th Ave N, Naples, FL sits conveniently on the northern border of Naples Park north of Immokalee Rd, across from 111^th Street. Like the development, the school is less than a mile from the Gulf and area attractions making it a convenient stop off for local parents commuting around the area.

Many Naples Park students walk or ride their bikes because of its close proximity to most of the homes, especially those living in the northern blocks. Naples Park is a school that has a family oriented focus being a tightly knit neighborhood school. There were about 650 students in 2009 and the attendance rate was in line with Collier County’s rate of 94.5%.

Being surrounded by a terrific community, the school benefits greatly from support from local community members and businesses. Many volunteers are active in helping make the school great.

Buyers interested in Naples Park real estate will find the family oriented culture of this area to be desirable. Whether you’re looking for Naples Park rentals and interested in enrolling your child in this school, or have a more full time plan and want to look for Naples Park homes for sale, you’ll find http://www.naplespark.com to be a great resource.

Tim Ryan, Amerivest Realty

Posted via email from naplesguru's posterous