Well everyone want's to know how the housing market is doing right? The price of our homes is a direct reflection of the economy, when the economy is doing well our house prices go up, when it's low they go down. The good news is that Downing-Frye's pending sales for September 2012 are up 54% over the same time period last year. Our office just announced that Downing-Frye Realty, Inc will hit ONE BILLION in closed sales to date. A report from the Naples Area Board of Realtors also made comment on the dwindling inventory in Naples which is driving home prices up! They also stated that the median closed price on homes increased by 10 percent for the twelve month period ending in August 2012. The last time inventory was this low in Naples was back in 2005, which is great news for Naples housing recovery, it's a positive sign that the housing market in Naples is gaining strength. It also seems that the Naples residential community is not as seasonal as it used to be, with more people deciding to make Naples their permanent home. It seems like its good new's all around, but, its important to remember that each neighborhood has been affected differently by the recent slump, although some communities are doing well, some of the housing further out, in say Golden Gate Estates, is taking a little more time to recover, although, even there home prices are levelling and real estate is selling.
By Joe Epifanio