FOR IMMEDIATE = RELEASE

Contacts:=20 Brenda Fioretti, NABOR President, (239) 595-6219
Marcia Albert, NABOR = Director of Marketing, (239) 216-4148

INVENTORY DECLINES 18.5 PERCENT

Report Shows Increase in Home = Sales

NAPLES, Fla.-July 15, 2011- The housing supply in the = Naples=20 area has had a sharp decline during the past 12 months, according to a = report=20 released by the Naples Area Board of REALTORS=AE (NABOR), which tracks = home=20 listings and sales within Collier County (excluding Marco=20 Island).

=93Although the inventory has been consistently = decreasing since=20 November of 2008, the percentage decline of 18.5% during the past year = is=20 indicative of the rapidly escalating market,=94 said Brenda Fioretti, = NABOR=20 President and Managing Broker of Prudential Florida = Realty.

Overall home=20 sales continue a steady increase, resulting in the continuing reduction = of=20 available inventory. Overall pending sales increased three percent in = the second=20 quarter of 2011 with 2,879 contracts compared to 2,807 contracts in the = second=20 quarter of 2010. The Naples Beach geographic area saw the most activity, = where=20 pending sales increased 23 percent with the posting of 537 contracts in = the=20 second quarter of 2011 compared to 435 contracts in the second quarter = of=20 2010.

=93The largest increase in pending sales for the second = quarter of=20 2011 is in the Naples Beach area. This area continues to improve and as = the=20 volume of inventory declines it=92s creating urgency for the serious = buyer to=20 purchase now, before the best properties disappear,=94 said Steve = Barker,=20 Supporting Broker with Amerivest Realty.

According to Phil Wood,=20 President of John R. Wood REALTORS=AE, =93Tear down sales should begin = increasing=20 because of the new construction shortage and the volume of sales = activity in the=20 Naples Beach area.=94

Available properties declined to 7,208 at = the end of=20 the second quarter of 2011, an 18.5 percent drop from the 8,845 = available at the=20 end of the second quarter of 2010.

=93The reduction in inventory = and=20 available properties that we are seeing in the resale market will = encourage=20 Builders to step up their new production to meet this demand,=94 said = Kathy Zorn,=20 Broker/Owner of Florida Home Realty.

The second quarter report = provides=20 annual comparisons of single-family home and condo sales (via the = SunshineMLS),=20 price ranges, geographic segmentation and includes an overall market = summary.=20 The statistics are presented in chart format, along with the following=20 analysis:

=95 Overall pending sales for the 12 months ending in = the second=20 quarter of 2011 increased 6 percent with 9,950 contracts compared to = 9,364=20 contracts in the second quarter of 2010.

=95 Single-family home = sales for=20 the 12 months ending in the second quarter of 2011 increased 5 percent = with=20 5,127 sales compared to 4,881 sales in the second quarter of = 2010.

=95=20 Single-family home sales in the $2 million and above category increased = 56=20 percent with 64 sales in the second quarter of 2011 compared to 41 sales = in the=20 second quarter of 2010.

=95 Condo pending sales increased 6 = percent with=20 1,383 contracts in the second quarter of 2011 compared to 1,308 = contracts in the=20 second quarter of 2010.

The June report provides annual = comparisons of=20 single-family home and condo sales (via the SunshineMLS), price ranges,=20 geographic segmentation and includes an overall market summary. The = statistics=20 are presented in chart format, along with the following = analysis:

=95=20 Overall home sales in the $1 million to $2 million price category = increased 21=20 percent with 41 sales in June 2011 compared to 34 sales in June = 2010.

=95=20 Single-family pending sales in the $2 million and above price category = increased=20 100 percent in June 2011 with 22 contracts compared to 11 contracts in = June=20 2010.

=95 Condo sales saw a 7 percent increase with 381 sales in = June 2011=20 compared to 356 sales in June 2010.

=93The high end of the market = continues=20 to strengthen as pending and closed sales increase in the $1 million and = above=20 price categories,=94 said Wes Kunkle, Broker/Owner of Kunkle = Realty.

To=20 view the entire report, visit www.NaplesArea.com

The Naples Area = Board of=20 REALTORS=AE (NABOR) is an established organization (Chartered 1949) = whose members=20 have a positive and progressive impact on the Naples community. NABOR is = a local=20 board of REALTORS=AE and real estate professionals with a legacy of = nearly 60=20 years serving 4,000 plus member-customers. NABOR is a member of Florida=20 REALTORS=AE and the National Association of REALTORS=AE, which is the = largest trade=20 association in the United States with more than 1.3 million members and = over=20 1,400 local boards of REALTORS=AE nationwide. NABOR is structured to = provide=20 programs and services to its membership through various committees and = the NABOR=20 Board of Directors, all of whose members are non-paid = volunteers.

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