Home Sales Strengthen on Marco Island

LET THE BUYING BEGIN!!! After three straight months of growing pending sales, it appears that the trend will continue. As of 5/18/2006, both pending sales of Marco Island homes and condos have exceeded April pending sales. As for lots, it is a good bet that it will equal, if not exceed, last month's pending sales.

What does this mean to you as a seller?

We still have a limited pool of buyer's (though growing). So, you need to make sure that your property is getting in front of as many qualified buyers as possible. If you want to sell your property, you will have a good opportunity through the summer if it is PRICED RIGHT and MARKETED WELL. If you can't be competitive in both of these categories, don't waste your time. Hold it or rent it until the market can supply your desired price.

What about buyer's?

This is a golden opportunity for buyers that thought they were priced out of the market. The prices have been adjusting down to a reasonable growth rates, there is plenty of inventory to pick from (so you won't have to sign your offer as you sit at the kitchen table of your potential purchase to beat out the other buyers) and seller's are more motivated to negotiate a deal.

We had a frenzy of investing in the expectation that the baby boomers were on their way. Anything that goes up as fast as our market in the past few years is bound to come down. Correction is a neccesary evil. However, that doesn't mean that the market has burst. The bottomline is, Marco Island is a place were people want to be including retirees, baby boomers, transplants, foreigners and anyone else that has an love of the paradise that Southwest Florida offers. It will only get better from here.

Want to know more about buying or selling on Marco Island?

Contact Joe Bartos at (239) 404-5068 or email at info@BartosGroup.com
The Bartos Group
Amerivest Realty
www.Marco-Naples-Homes.com
www.Naples-Marco-Homes.com