Florida Association of Realtors report indicates home sales up in third quarter

According to the latest housing statistics from the Florida Association of Realtors, sales of existing single-family homes in Florida rose 5 percent in third quarter 2008 compared to the same period last year. A total of 33,203 existing homes sold statewide in the third quarter this year; during the same period last year, 31,558 existing homes sold statewide.
FAR reports the statewide existinghome median sales price was $185,400 in the third quarter; a year ago, it was $233,200 for a decrease of 20 percent. In 2003, the third-quarter statewide median sales price was $163,700, which reflects an increase of about 13.3 percent over the five-year period. The median is a typical market price where half the homes sold for more, half for less.
To gain insight into Florida's real estate industry trends, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. Based on the third quarter 2008 survey, the investment outlook for various types of properties remains steady.
"People who have responded to our surveys have not lost their faith in Florida as a place to be and a place to invest," Wayne Archer, director of the center, said. "We have 40 pages of comments… and although the dominant theme is the disruption of financing, perhaps the second theme, as one person put it, is people being on the sidelines with full pads and helmets just waiting to jump back in."
Source: Florida Weekly
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Olde Naples Real Estate - Closed Sales Info

Olde Naples October 2008, Closed Sale information: Homes $1,000,000 and up.

Active 235
Pending 9
Closed 3
Source: SunshineMLS, Inc.

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Sales of existing homes across U.S. up in September

Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.

The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom.

Lawrence Yun, chief economist for the Realtors, said a sales turnaround first seen in California was beginning to broaden to other regions of the country including Colorado, Kansas, Minnesota, Missouri and Rhode Island.

The rise in September sales pushed activity to a seasonally adjusted annual rate of 5.18 million units last month. Sales were up 9.6 percent on a year-over-year basis before adjusting for seasonal changes.

By region of the country, sales soared by 16.8 percent in the West and rose a more moderate 4.4 percent in the Midwest and 2.2 percent in the South. The only region of the country which saw a decline was the Northeast, where sales fell by 1.1 percent.
Source: naplesnews.com

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Olde Naples Real Estate - Closed Sales Info

Olde Naples September 2008, Closed Sale information: Homes $1,000,000 and up.

Active 123
Pending 5
Closed 2
Source: SunshineMLS, Inc.

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AARP The Magazine’s Top 10 Healthiest Cities to Live and Retire for 2008: Naples, FL

#10 Naples–Marco Island, Florida: Residents received very high scores for regular exercise, healthy eating and not smoking; the area has one of the lowest cancer mortality rates in the country; Naples-Marco Island has the second most golf holes per capita in the country.
Source: aarpmagazine.org

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Olde Naples Real Estate - Closed Sales Info

Olde Naples August 2008, Closed Sale information: Homes $1,000,000 and up.

Active 131
Pending 3
Closed 4

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Source: SunshineMLS, Inc.

Florida Real Estate - Existing Home Sales Remain Level in July 2008

Single-family existing home sales rose in Florida for the first time in more than two years: While only six more homes sold in July 2008 than in July 2007, it could indicate stabilization in Florida’s housing sector, according to the latest housing statistics released by the Florida Association of Realtors(R) (FAR).
Source: RISMEDIA, August 27, 2008
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