According to year over year statistics released by the Naples Area Board Of Realtors (NABOR), home sales in Naples and Collier County, with Marco Island excluded, increased 10 % from 2009 to 2010. Total sales of homes and condos reached 7,840 in 2010 compared to 7,126 in 2009. The overall median price of homes sold remained flat, up just 1% year over year. The median price in 2010 was $180,000 compared to the 2009 median of $179,000. 2010’s median price is over 60% less then the all time high median of just over $500,000 reached in 2005.

2010’s breakdown shows 3,959 single family home sold compared to 2009’s 3,847. The sale of condominiums inceased in 2010 to 3,881 from 3,270 in 2009. The available inventory of homes being marketed remained flat in 2010 with 9,145 available at the end of the year compared to 9,201 at the same time in 2009.  One particularly bright spot were homes sold in the $1,000,000 and over range. In 2010, 538 homes and condos sold for more then $1,000,000 compared to 423 in 2009.

Home sales were boosted in the beginning of 2010 by a federal income tax credit which expired in April, and slowed during the second half of the year by the BP offshore oil leak in the Gulf of Mexico and a temporary halt to foreclosures this past Fall instituted by several large banks over the questionable handling of documents.