Marco Island Real Estate Statistics Q4 2010

Still hampered by the stuggling economy and residual effects of the oil spill, the Marco Island real estate market started to regain its footing with a burst of activity in the later half of the quarter, almost doubling the number of closed properties from November to December. Lots were the big winner in Q4 2010. Pending lots doubled and closed were up over 31% over last Q4. Homes sales remained level and prices appear to have stabilized. Condo sales lagged behind last year's Q4 number but are starting to pick up volume. We are also seeing interest levels grow and more higher end buyers entering the market.

For all the details, see:
Q4 2010 Marco Island Real Estate Statistics
Dec 2010 Marco Island Real Estate Statistics
Nov 2010 Marco Island Real Estate Statistics
October 2010 Marco Island Real Estate Statistics

Marco Island Real Estate Statistics Q3 2010

The Marco Island Real Estate market underperformed in Q3 as compared to the previous year. However, a couple of factors could be responsible for the lower numbers. First, Q3 of 2009 seemed to be the launching pad for the renewed interest in southwest Florida with above average numbers particularly in the earlier part of Q3. As well, the oil leaking into the Gulf of Mexico from the destruction left from the explosion at the BP oil drilling platform effectively shut off buyers for several month after. The bright spot for the quarter were single family homes that saw pendings increase by over 18% and closed sales up 15%.

For all the statistics, please see
Q3 2010 Marco Island Real Estate Statistics
Sept 2010 Marco Island Real Estate Statistics
August 2010 Marco Island Real Estate Statistics
July 2010 Marco Island Real Estate Statistics

Vacation Home Market On The Rise

Well, it was just a matter of time before the vacation home market would reestablish itself. 2010 was the time. The Wall Street Journal recently reported that sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers' rising stock portfolios.

With waterfront sales nearly tripling last year, the Marco Island real estate and Naples real estate markets are primed for further growth. 2010 was a year of growing sales volumes and in the last month, we have seen an increase interest in buying property in Southwest Florida. These buyers are no longer kicking tires, they are ready to buy!

For the whole story, Market for Vacation Homes Is on the Rise - WSJ.com