DECEMBER COOL BUT MARKET PICKING UP

December turned out to be a transition month in the Marco Island market. After a fairly active November, the market activity seemed to cool down around Thanksgiving and remain slow until the weeks surrounding the Christmas holiday.

As of today, there are 628 single family homes, 725 condos and 492 lots on the market on Marco Island. Not great news for those that are currently listed or thinking about listing. The Good News is that we have gone through a cooling off period without substantial price adjustments, we are coming into season which will increase demand and we have a generation of baby boomers that are still looking for their place in the sun. Marco Island market may not be as red-hot as the 2003-2004 market was but I wouldn't count us out as one of the hottest markets in the years to come.

For more information on the Marco Island and Naples marketplaces, visit www.TheSantaGroup.com

Joe Bartos
The Santa Group at Amerivest Realty
(239) 404-5068
joe@TheSantaGroup.com
www.TheSantaGroup.com