Naples area home purchases dominated by Canadians
November brought a total of 512 home sales and 812 new contracts for Realtors in the Naples area, the Naples Area Board of Realtors reported. When compared to the same month a year prior, this year brought a light increase in home sales, more precisely, 15 more closed sales.
On the other hand, the NABOR’s report highlights one interesting phenomenon: 80% of all homebuyers were Canadians, Brenda Fioretti commented on the report.
Second home buyers are a large part of the market, along with investors looking for bargains.
The same statistics compiled by NABOR shows that the most active price range is the under $300,0000, with 379 closed sales and 558 new contracts written last month. This is driven by foreclosures and short sales.
In the Naples area, the median price for closed sale declined $12,000 to $160,000 from $172,000 reported a year prior.
In the $1 million to $2 million price range, pending sales – or new contracts written – rose by more than 42% to 37 in November, up from 26 in the same month a year ago. There were 22 closed sales in this upper end market last month, up from 17 last year.