Average price  San-Cap MLS  YTD 
2007   $ 1,006,317   
2008   $953,917            Down  5.5%    
 
Unit sales         San-Cap MLS  YTD 
2007   325
2008   337               Up 3.5%     
 
Unit Sales     Naples, Bonita and Estero MLS YTD
2007  4109
2008  4778            Up 16%
 
Dow Jones Industrials
2007 October 5   14,066
2008 October 6   9699             Down 45%
 
Summary
Real Estate on a unique barrier island that has so much dedicated green space and no high rises is valuable.  There are some excellent values in our market right now. Inventories are decreasing which usually indicates a bottoming of the market and a transition to a higher buyer demand.  I’ve heard that last month the Naples MLS reported a 107% increase in pending sales for September! The market may be turning ahead of the news reported.  Considering the decrease over the last year in the stock market, scarce island real estate is the best alternative of available options.  Park your money on high demand island Real Estate.

Jay Richter-John R. Wood Island Real Estate, Inc.-Broker