tag:blogger.com,1999:blog-16681424.post-2000111842119735822008-05-08T10:23:00.001-04:002008-05-08T10:29:35.103-04:00Market Takes Off On Lower Prices<a href="http://amerivestrealtyofnaples.com/"><strong>Naples</strong></a><strong> & </strong><a href="http://amerivestrealtyofbonitasprings.com/"><strong>Bonita Springs</strong></a><strong> Florida</strong> - Pending sales have reached their highest levels since August of 2005, nearly three years ago; while median home prices are at four year low. They have hit month over month highs the last two months, with April sales even outpacing March sales, bucking the normal seasonal trend.<br /><br />Pending sales in Naples and Bonita Springs showed 853 units in the month of April, compared to 652 a year ago – <strong>a 30% increase</strong>. <em>“It’s obvious that buyers have determined that </em><a href="http://amerivestrealty.com/"><em>real estate</em></a><em> prices can’t go much lower. They are jumping back into the market at an extremely healthy rate. The bottom in terms of activity has come and gone”</em> – <a href="http://jbnaples.com/">Joe Ballarino</a>, Amerivest Realty – President & Founder.<br /><br /><div align="center">Pending Sales Graph </div><img id="BLOGGER_PHOTO_ID_5198009365921507554" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://bp2.blogger.com/_YR0-k8JR8tQ/SCMJ-mLnqOI/AAAAAAAAALU/PnZ1eZmc7fQ/s400/pending.png" border="0" /> Median price for the area dropped to $300,000 from $399,000 a year ago, a 25% decline – their lowest level since 2004. “The increased activity is due to the severe drop in prices created by the glut of short sales and foreclosures in the market. Buyers are recognizing the opportunity and making buying decisions. Sellers who are pricing their property aggressively are now seeing results as the market is finding the bottom on pricing” - added Joe.<br /><br /><div align="center">Median Price Graph</div><img id="BLOGGER_PHOTO_ID_5198008940719745234" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 353px; CURSOR: hand; HEIGHT: 269px; TEXT-ALIGN: center" height="279" alt="" src="http://bp3.blogger.com/_YR0-k8JR8tQ/SCMJl2LnqNI/AAAAAAAAALM/Gnt_3b-eIPQ/s320/median.png" width="394" border="0" /><br /><p><a href="http://digg.com/business_finance/Market_Takes_Off_On_Lower_Prices">Digg It</a></p><div class="blogger-post-footer"><a href="http://www.amerivestrealty.com">Amerivest Realty</a> - <a href="http://www.amerivestrealtyofbonitasprings.com">Bonita Springs, Florida</a></div>Amerivest Realtyhttp://www.blogger.com/profile/07022501598561402035noreply@blogger.com