“The summer sales reflected the oil spill in the Gulf, the end of the homebuyer tax credit, and the traditional slower season in Naples. We are now seeing sales increase as expected,”said Phil Wood, President of John R. Wood REALTORS®. We are coming to an end of a strong year in sales and are upbeat about the coming season,” said Mike Hughes, Vice President of Downing-Frye Realty. ®

The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:

Single-family closed sales increased 6 percent with 3,975 sales for the 12 months ending November 2010 compared to 3,756 sales for the same 12 months last year. Single-family pending sales in the $1 to $2 million category increased 49 percent for the 12 months ending November 2010 with 263 contracts compared to 176 contracts for the 12 months ending November 2009.

Overall condo pending sales for the 12 months ending November 2010 increased 16 percent with 4,466 contracts compared to 3,849 contracts for the 12 months ending November 2009.

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To view the report, go to www.NapleAarea.com

The Naples Area Board of REALTORS

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