Marco Island Statistics for April 2008

The word for April was PENDING. We experience some incredible growth in the pending sales for April 2008, up to 250% in residential lots. The total properties pending grew over 44% with all categories contributing positive numbers. Could this be an indication of things to come?

View Marco Island Real Estate Statistics for April 2008

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Marco Island Q1 Statistics Show Positive Trends

Based on the Marco Island Q1 2008 Statistics , sales volume has outpaced the same period last year and April/May sales volumes are strong. In the meantime, inventory and prices have continued to drop from the previous year. Year-to-Year average prices are down about 20% from the peak of the last seller’s market while median price fell about 26%. We are also seeing positive price growth from Q4 2007 to Q1 2008.

The biggest factor that is driving this growth is buyer sentiment. Most buyers are now very positive about the real estate market in southwest Florida and many believe that THE TIME TO BUY IS NOW. I agree! We are definitely into a positive shift in the market, fueled by those buyers that missed their opportunity to buy previously, those baby boomers that are starting to retire and by a growing interest from foreign investors that want to take advantage of the favorable exchange rates.

So, what should you expect in the next 3-6 months?

Prices should be leveling off
Good deals will be available. Great deals will become harder to find
Buying activity should remain strong through summer as saavy homebuyers and the Europeans hunt for properties
Sellers should still be negotiable

My recommendation is to start planning your trip to Southwest Florida for this summer, allow me to create/revise your own Personalized Property Search and let’s lock in on what you are looking for before the best buys disappear!

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Mad Money: Naples market shows signs of improvement

Jim Cramer of Mad Money on CNBC talked with Robert Toll, Chairman & CEO of Toll Brother's, one of the nation's largest builders. In that conversation, they both agreed that home prices were at the root of our economic problem. However, Mr. Toll stated that market, such as Naples(& Marco Island) are showing improvement.

I agree! Our buyer activity has been strong for several months and buyer's sentiment is as positive as I've seen in years. With the backlog of buyers as well as the new foreign buyers who are ready to take advantage of the favorable exchange rates, I anticipate that we will be having an active summer. Buyer beware though, the best deals are being scooped up.