Naples Condos 
This category features information on Naples condos.
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Naples Foreclosures in 2010
Friday, December 31st, 2010 at 4:44pm. 318 Views, 0 Comments.
Surprisingly, the number of Naples foreclosures that sold in 2010 was LESS than in 2009.
2010 Closed REOs - 1798
2009 Closed REOs - 1930
This is surprising because the total number of Naples real estate transactions is up for the fourth year in a row. This is great news if you already own real estate in Naples. It is clear that there is not an endless supply of new foreclosures coming on the market. As the new REOs get absorbed, the value of Naples homes and Naples condos will likely start to increase.
The biggest question is why were there less foreclosures sold in 2010 versus 2009? I think you can argue three different points.
Freeze on New Foreclosures - Some banks had a moratorium on initiating new foreclosures. There was some bad press…