Marco Island Statistics for November 2007

November continued the slow but steady pace that we have seen over the last several months on Marco Island. Pockets of buying have occurred through the October and November.

Click to see November 2007 Marco Island Real Estate Statistics

However, the amount of buyer interest, as reflected by our increasing website traffic, continues to increase. It makes sense if you look at what happen to the Marco Island real estate market. Speculative buying drove prices sky high which in turn drove a lot of potential buyers out of the market. In the meantime, other potential buyers( baby boomers, retirees, and foreign investors have been queueing up ready to pounce on bargains. After roughly three years of price adjustment, we have about a 3-4 year backlog of buyers. So, it's only a matter of time before the log jam frees up and the buyer's come running back in.

If you are thinking about buying, just remember, by the time the market turns, you've missed the best opportunities. I'm looking forward to a very good 2008.