Its economic prosperity had set the conditions for a real estate bubble in Florida

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Florida Real Estate Authors: Fuat Kircaali, Newt Barrett, Tegan DeClark, Bryan J. Lima, Robert Demmer

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Blog Post

South Florida Real Estate Sales Statistics for May 2009

Currently there 2,615 properties on the market. Which is about 9.2% less than last month and 15% less than same time last year

Here are the statistics for last month in the Marco Island/Naples area MLS (MIAAOR)

Currently there 2,615 properties on the market. Which is about 9.2% less than last month and 15% less than the same time last year.
This includes:
806 Single Family Homes
445 Vacant Lots
1,256 Condominiums

Of those single family homes, 133 (or 16%) are Foreclosures; short-sale or bank-owned.



180 new properties came on the market in May, 28% less than April 09.

106 properties went pending in May and 132, in April.

A total of 131 properties closed in May, which was a 61% increase from last month. The average sale price in May was $475,012 which is up 2.9% from last month.  But down 37% from the same time last year.

Here is a graph showing inventory levels.

For more information on the Marco Island and Naples areas, please visit www.onmarco.com

More Stories By Tegan DeClark

Tegan DeClark is the website manager, marketing director, and corporate blogger of Independent Brokers Realty branch, Onmarco which operates the Florida Real Estate website www.onmarco.com and www.realnaples.com Connecting Buyers and sellers of residential, commercial and rental property in the Marco Island and Naples areas. Onmarco keeps buyers and investors updated on current market activity and sales statistics in the south Florida area.