June Sales Blooming in Naples, Florida

June Sales Blooming in Naples, Florida

When there is good news regarding the real estate market we are going to shout from the highest rooftop, or maybe just write a new blog. The Naples Area Board of Realtors just released their June numbers and there are some very positive signs that the Naples real estate market is coming back and consistently showing signs of improvement.
1. Pending sales increased 60% in the greater Naples Area. There were 301 pendings in June, 2007 and a very strong 484 in June of this year.
2. In the $300,000 and below category, sales were up 58% compared to June, 2007.
3. Overall inventory is down 7% - Any decrease in inventory is seen as a major breakthrough for the builders, because as inventory goes down, prices will go up.
4. For the fifth consecutive month pending sales are up and inventory is down. Some areas are seeing increased sales of over 150%
5. Here’s a remarkable number – Single family home pending sales for June, 2008, for homes priced under $300,000 are up a whopping 537% over June of last year. Sales are up an amazing 253% over the same period. Buyers are looking for bargains and they are still to be had in Naples, but probably not for much longer.
6. Even the category of higher priced homes, priced from $1 – 2 million were up nearly 8%.
So, although there is still a lot of inventory available in the Greater Naples Area, there is a lot of activity, and July numbers are looking very positive so far.

Kaye Homes, a single family custom home builder in Naples, has seen a shift in the market, with buyers realizing that the local builders have lowered their prices as low as they can go and are jumping in the market, they also realized that with the inventory shrinking, so is their choice of available homes.

Kaye Homes has lowered their base pricing on their brand new Showcase Homes, starting from the low $200s. This is a great time to buy as prices are low, there is still availability in the market and Kaye Homes is also offering some very interesting incentives and financing packages for homebuyers. To find an exceptional value and quality built home please visit the Kaye Homes website at www.kayehomes.com or call 239 455 1007, or visit one of their two model centers. Homes are priced from the $200s to over $2 Million.