According to a report prepared by the Naples Area Board of Realtors, the Naples beach market pending sales is up 11% through July of '12 over July '11. Closed sales are up 11% through the same period. Naples as a whole saw robust growth as well. In the $500,000+ price range pending sales increased 30%. In the $500,000 to $1 million price range pending sales increased 16% over 2011. In the $1 million to $2 million range, overall pending sales were up 12%. The single-family home inventory declined 14% to 2,889 units. Overall inventory is down significantly from 7,010 units to 6,188. These numbers include pending sales and sales under a contract which means the current number of active homes on the market is a considerable amount less than the numbers show.
Scott Pearson GRI, CRS