Tuesday, January 23, 2007

PRICE REDUCED
Visit 171Clyburn.BartosGroup.com for a Virtual Tour
Location: Marco Island, FL - Price: $469,900
MLS ID #: 270224 - 3 beds, 2 baths
Residential Property, Contempory Ranch Built in 1999
LOVELY 3BR 2BA home. Open living area with vaulted ceilings and plant shelves. Master suite with trayed ceiling and spacious walkin closet. Updated kitchen offers tumbled marble tiles and new appliances. On sewer. Walking distance to schools and Mackle Park.

Monday, January 22, 2007

Marco Island Homes for Sales
As of 1/22/2007

The following shows price range for the various categories of condos and homes on Marco Island as of the date above.

Condos
Beachfront from $239,000 to $11,900,000
Gulffront from $499,000 to $6,250,000
Golf Course Community from $795,000 to $2,000,000
Water Direct from $239,000 to $1,750,000
Water Indirect from $450,000 to $829,000
Inland from $149,000 to $4,250,000

Single Family
Beachfront from $4,795,000 to $10,500,000
Golf Course Community from $539,900 to $2,750,000
Water Direct from $699,000 to $11,500,000
Water Indirect from $575,000 to $3,100,000
Inland from $295,000 to $3,050,000

Lots
Beachfront from $795,000 to $5,800,000
Gulffront from $1,299,000 to $1,500,000
Golf Course Community from $495,000 to $699,500
Water Direct from $559,000 to $4,950,000
Water Indirect from $439,000 to $1,850,000
Inland from $199,000 to $5,250,000

Active Listings on Marco Island
758 Single Family Homes
1079 Condos
496 Lots

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

Information derived from the Marco Island MLS. Deemed Accurate but not guaranteed.

Sunday, January 21, 2007

FAR - News & Events - Insurance relief won’t be immediate cure-all

The Florida House and Senate have presented their plans for insurance rate relief. Depending on which plan is adopted, windstorm policies could see 26 to 53% decreases in cost. The downside is that we may not see these savings for several months. For more info, click the link above.

Monday, January 15, 2007

Marco Island Homes for Sales
As of 1/15/2007

The following shows price range for the various categories of condos and homes on Marco Island as of the date above.

Condos
Beachfront from $369,000 to $11,900,000
Gulffront from $499,000 to $6,250,000
Golf Course Community from $795,000 to $2,000,000
Water Direct from $245,000 to $1,750,000
Water Indirect from $469,900 to $850,000
Inland from $149,000 to $4,250,000

Single Family
Beachfront from $4,795,000 to $10,500,000
Golf Course Community from $539,900 to $2,750,000
Water Direct from $699,000 to $8,500,000
Water Indirect from $575,000 to $3,100,000
Inland from $295,000 to $3,050,000

Lots
Beachfront from $795,000 to $5,800,000
Gulffront from $1,299,000 to $1,500,000
Golf Course Community from $495,000 to $699,500
Water Direct from $559,000 to $4,950,000
Water Indirect from $439,000 to $1,850,000
Inland from $199,000 to $5,250,000

Active Listings on Marco Island
734 Single Family Homes
1046 Condos
482 Lots

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

Information derived from the Marco Island MLS. Deemed Accurate but not guaranteed.

Friday, January 12, 2007

FAR - News & Events - Citizens’ proposal would cut rates

Tired of the sky-rocketing insurance rates? Well, help may be on the way. Citizens Insurance has made a proposal to the state Senate Banking and Insurance Committee to push large private insurance companies out of the lucrative coastal marketplace unless they provide windstorm insurance as well.

The plan could lower rates as much as 35 percent. That would be welcome relief to current homeowners, not to mention, our real estate market that is still suffering from sticker-shocked buyer syndrome.

As well, Collier County has it's own chapter of FAIR, Fight Against Insurance Rates, that is about 700 members and growing. FAIR in Monroe County(Florida Keys) was able to get their insurance rates reduced by over 30%.

Wednesday, January 10, 2007

THE BARTOS GROUP ENHANCES MARKETING PLAN

The Bartos Group is excited to introduce three new tools that have been added to our comprehensive marketing plan.

Considering that 80% of buyer's go to the internet to begin your home search, the Bartos Group has invested considerably into technology to take advantage of these trends, maximize your property's exposure to buyers and to streamline the process. Our new Narrated eTour provides cutting-edge virtual tours that provide large narrated images and panoramic tours. Click to see an example tour.

In an effort to maximize your property's exposure, we now provide 60 second infomercials of your property on the Amerivest Realty Home Show. The show runs Weekdays at 9:30pm and Saturday & Sunday at 10am on channel 35 of Comcast cable. Watch It Online Now: Real Estate TV Show

Finally, we have added an 800 number with a recorded messages to our lawn signs and advertisements. This feature provides prospective buyer's with information about the property any time of the day. Calls are tracked to assure we don't miss an opportunity to sell your property.

We will continue to look for new and innovative ways to maximize your exposure to the buyer pool. If you are thinking about selling your property or just want to know want your home is worth, feel free to contact us at (239) 404-5068 or click How much is my home worth?

Tuesday, January 09, 2007

Marco Island Homes for Sales
As of 1/8/2007

The following shows price range for the various categories of condos and homes on Marco Island as of the date above.

Condos
Beachfront from $369,000 to $11,900,000
Gulffront from $499,000 to $6,250,000
Golf Course Community from $795,000 to $2,000,000
Water Direct from $245,000 to $1,750,000
Water Indirect from $485,000 to $850,000
Inland from $149,000 to $4,250,000

Single Family
Beachfront from $4,795,000 to $10,500,000
Golf Course Community from $539,900 to $2,750,000
Water Direct from $699,000 to $8,500,000
Water Indirect from $599,000 to $3,100,000
Inland from $329,900 to $3,050,000

Lots
Beachfront from $795,000 to $5,800,000
Gulffront from $1,299,000 to $1,895,000
Golf Course Community from $495,000 to $699,500
Water Direct from $559,000 to $4,950,000
Water Indirect from $439,000 to $1,850,000
Inland from $184,900 to $5,250,000

Active Listings on Marco Island
724 Single Family Homes
1030 Condos
471 Lots

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

Information derived from the Marco Island MLS. Deemed Accurate but not guaranteed.

Thursday, January 04, 2007

MARCO ISLAND REAL ESTATE FORUM IS NOW THE MARCO REALTY BUZZ.

We recently have changed our blog name to the Marco Realty Buzz...bringing you the BUZZ on Marco Island Real Estate. You can now access our blog at www.MarcoRealtyBuzz.com. We are expanding our content and working to keep you informed about anything that effects real estate on Marco Island.

If there is something that you would like to see on the Marco Realty Buzz, we would appreciate the feedback. Contact us at MarcoRealtyBuzz@bartosgroup.com or call (239) 404-5068.

SINGLE FAMILY HOMES TAKE THE LEAD...

Back when I put out the Marco Island Market Report 2006, I estimated that we would see single family homes start to lead the charge back to normal market conditions based on the average sold price's position in relation to the current growth curve for single family homes.

The average price of single family homes has risen about 15% over the last 10 years with the exception of 2003-2005. 2005 proved to be a transitional year. Although, sales volume was still up for most of the year, we began to see a softening of the average price of single family homes. As 2005 ended and the 2006 season began, buyers started to put the brakes on buying. This trend continues through October 2006

As 2006 closed, we saw single family homes sales outpace both November 2006 (by over 34%) and December 2005 (by over 63%). This growth in units sold is an good sign that buyers are entering into the single family home market on Marco Island. However, we will continue to see more homes come onto the market as January is historically the most active month for new listings. The good news is that we do expect the buyer demand to continue to increase as conditions become more favorable.

For more information about Marco Island Real Estate, contact me at (239) 404-5068.

Joseph A. Bartos, P.A.
Reator, Amerivest Realty


CORRECTION
We ApologizeThe Monthly Stats for December Posted January 3rd were Incorrect. The following Post is the Updated Corrected Stats for December 2006
-Tenobb

Marco Island Statistics for December 2006.
Information derived from the Marco Island MLS. Deemed Accurate but not guaranteed.
New Listings
Residential
Lots
Condo/Townhouses
Total All Property Types

Available Listings
Residential
Lots
Condo/Townhouses
Total All Property Types

SingleFamily Homes Sold
Closed
AverageSalePrice($)
MedianSale Price($)
Total Sold DollarVolume
Closed in 30 Days
60 Days
90 Days
120 Days
121+ Days

Lots Sold
Closed
AverageSalePrice($)
MedianSale Price($)
Total Sold DollarVolume
Closed in 30 Days
60 Days
90 Days
120 Days
121+ Days

Condo/Townhouse Sold
Closed
AverageSale Price($)
MedianSalePrice($)
Total Sold DollarVolume
Closed in 30 Days
60 Days
90 Days
120 Days
121+ Days

Total All Prop.Types Sold
Closed
AverageSale Price($)
MedianSale Price($)
Total Sold DollarVolume
Closed in 30 Days
60 Days
90 Days
120 Days
121+ Days

Dec2006
142
53
180
387

Dec2006
1,284
643
2,046
4,117

Dec2006
31
$1,061,213
$2,761,200
$32,897,600
3.23%
9.68%
3.23%
6.45%
77.42%

Dec 2006
2
$1,749,000
$1,651,000
$3,498,000
0.00%
0.00%
0.00%
0.00%
100.00%

Dec 2006
22
$578,081
$925,000
$12,716,400
4.55%
10.00%
0.00%
18.18%
63.64%

Dec 2006
57
$939,684
$2,761,200
$53,562,000
3.51%
l0.53%
1.75%
10.53%
73.68%

Nov2006
179
59
338
588

Nov2006
1,302
708
2,084
4,241

Nov2006
23
$952,222
$1,573,000
$21,901,100
4.35%
8.70%
13.04%
8.70%
65.22%

Nov 2006
4
$422,500
$275,000
$1,690,000
0.00%
0.00%
0.00%
25.00%
75.00%

Nov 2006
33
$755,591
$1,466,250
$24,934,500
0.00%
6.06%
6.O6%
9.09%
78.79%

Nov 2006
60
$808,760
$1,573,000
$48,525,600
l.67%
6.67%
8.33%
l0.00%
73.33%

%Change
-20.67%
-10.17%
-46.75%
-34.18%

%Change
-1.38%
-9.18%
-1.82%
-2.92%

%Change
34.78%
-11.45%
75.54%
50.21%
-25.81%
11.29%
-75.27%
-25.81%
18.71%

%Change
-50.00%
313.96%
500.36%
106.98%
0.00%
0.00%
0.00%
-100.00%
33.33%

%Change
-33.33%
-23.50%
-36.9l%
-49.00%
0.00%
125.00%
-100.00
100.00%
-l9.23%

%Change
-5.00%
16.19%
75.54%
10.38%
110.53%
57.89%
-78.95%
5.26%
0.48%

Dec2005
131
92
243
487

Dec2005
985
802
1,488
3,404

Dec2005
19
$811,205
$597,500
$15,412,900
0.00%
10.53%
15.79%
0.00%
73.68%

Dec 2005
13
$330,269
$576,250
$4,293,500
15.38%
0.00%
38.46%
l5.38%
30.77%

Dec 2005
48
$1,140,316
$1,370,000
$54,735,150
l2.50%
6.25%
8.33%
0.00%
72.92%

Dec 2005
80
$930,519
$1,423,750
$74,441,550
l0.00%
6.25%
15.00%
2.50%
66.25%

%Change
-8.40%
-42.39%
-25.93%
-20.53%

%Change
30.36%
-19.83%
-37.50%
20.95%

%Change
63.16
30.82%
362.13%
113.44%
0.00%
-8.06%
-79.57%
0.00%
5.07%

%Change
-84.62
429.57%
l86.51%
-18.53%
-100.00%
0.00%
-l00.00%
-100.00%
225.00%

%Change
-54.17%
-49.31%
-32.48%
-76.77%
-63.64%
118.18%
-lOO.00%
0.00%
-l2.73%

%Change
-28.75%
0.98%
93.94%
-28.05%
-64.91%
68.42%
-88.30%
321.05%
11.22%

Tuesday, January 02, 2007

WHAT SELLERS SHOULD KNOW IN OUR CURRENT MARKET?

It was a great time to sell property on Marco Island between late 2003 and mid 2005. However, a seller's market does not last forever. Prices and Buyer's sentiment both were due for an adjustment. Thus, we experienced that adjustment over the 12-18 months. As predicted in our September Market Update, Single family homes appear to have gained footing and have outperformed our last December's activity. However, we will continue to see adjustment in the lot and condo categories but are also nearing the normal growth curve. The issue we face today is INVENTORY. There is currently a excess of inventory that will continue to slow our market growth until this inventory is depleted or removed. High supply of inventory and low buyer demand has put us firmly into a Buyers market. So, as a seller, how should you approach this market.

MOTIVATION - It is important to be realistic with yourself as to what your goal is. What is your motivation to sell your property? If you don't have a driving reason to sell, don't waste your time. If you do have a driving reason but are not realistic in your expectations, you will find the selling process very frustrating.

PRICE - it is critical that you price your property competitively in the marketplace. I've gotten some angry responses to my FREE Home Valuation services lately due to the fact that many of the fair market values of properties on the island are currently below the assessed value of the property. Unfortunately, in a buyer's market, the buyers set the value of homes. The bottomline is if you don't price it right in today's market, no amount of marketing will bring you a buyer.

PREPARATION - In a buyer's market, you must make sure that your property is tip-top condition. Do whatever you can to remove the clutter, freshen the curb and interior appeal, fix what needs to be fixed. You want your property to stand out from the others.

FLEXIBILITY - Buyer's in this market are expecting a bargain. The current average list-to-sell ratio is about 90% of list price. Therefore, be prepared to negotiate with your buyer's as you will need to optimize each opportunity you have to sell your property.

It is possible to get a fair price for your property in this market. You just need to follow these recommendations and be realistic in your expections. If you are considering selling, we would be happy to assist you in getting your property sold. Contact me at (239) 404-5068 or visit www.Marco-Naples-Homes.com for your free home evaluation.

Joseph A. Bartos, P.A.
Realtor
Amerivest Realty