Naples, Florida Real Estate Market Report October 2009

The recession has affected most business all over the world. The real estate business is no exception. But perhaps the impact of the global melt down has been felt more severely in the United States that saw an alarming rate of home foreclosures and falling prices on home sales and other realty prices throughout the country.

However there have been some improvements since the last year in the prices of real estate and sale of homesteads are showing signs of a slow and steady recovery.

The statistic reports on the Homes for sale in Naples, Florida indicate that the Naples, Florida real estate sales’ surge is not letting up. The reports reveal that homes sales in Naples, Florida through the month of September, 2009 forty percent higher than the home sales in the previous year. The real estate scene seem to be bouncing off from the bottom; the number of homes listed for sale has dropped by one third and the foreclosed homes usually get sold within a few days.

The average price of homes for sale in Naples, Florida is $ 130 per square foot. This figure points towards an increase of almost 2.5 percent from the previous year which is indicative of a positive change or trend in the real estate scene in the area.

The median price for homes for sale in Naples, Florida from September 2009 to 5th October 2009 was $ 1,249,000. The statistics show that there was a positive price change of 2.25 percent in the sale of homes in Naples, Florida from September 2009. This was report was based on 400 homes sold during that period. However, the statistic reports also show that there are over 200 foreclosed homes available for sale, which have a median price of $753,192 with a price change of -1.25% in Naples Florida.