This shows the number of properties sold in Naples for the last 3 months has exceeded the months of the previous year of 2007.
However, the actial price paid continues to fall as shown on the graph below but does seem to be finding an level
Now, we have seen before that Carlton Lake doesn't always follow the same trend and this shos with the nuber of condos sold that has increased over the prievios years half year. (Shown below)
The attached villas (Below) dont really show a trend except there is not much of a demand
Single family and detached villas sales are slow and the same as last year (Below)
Carlton Lakes sold prices show a differing story however, with the prices continuing their steady decline although a couple of months did show higer than normal prices compared tot he trend.
(below)
The single sale of a detached villa in May did sell for a better price than the trend would project however.
and the avg sales price of single family and detached villas did show an improvement. (Below)There are a number of short sale properties available however, and once these do sell, it will only frustrate this better trend and push the single family home prices lower again.
It is unfortunate that owners involved in a short sale have no incentive at all to get a fair market value for the property and many of the banks are simply writing off the loan as a bad debt so a few extra $1,000's off the price give no incentive for the bank to hold on, they are simply wanting to unload the inventory for what they can get quickly. This benifits the buyer but not the owner, the bank or all the other property owners in the community that see the values declining as a result.
