Naples, FL Market Update

Whenever I get a chance I really enjoy bragging about my community. I've grown up here and have seen first hand how our little town has been influenced by wealth and become a premier destination for the affluent! In a snapshot we have seen our real estate market rebound significantly. For example April 08' pending sales were up 30% over 2007 May 08' were up 37% over 2007 and June 08' was up about 40% over 2007 Not to mention, just to show how strong our most prestigious market is, (from $5M to $40M) we've seen practically no negative adjustment in property values. The affluent have continued buying high valued real estate here despite the economic downturn! Our upper tier market place or top 10% of our market consists of real estate that has sold in excess of $1,475,000.00