Marco Island Real Estate Statistics June 2011

The Marco Island real estate market kept rolling on in June 2011. One of the stats that stands out most is the total inventory is down almost 14% and new listings in June were down 37%. Properties are moving in every category with overall sales volumes up nearly 23% over last June. Leading the way, single family homes increased by 28.57% from last year, lots sales were consistent and condo sales increase over 26%. Overall average sales price showed a nominal decrease but seems to be hovering in the $490's. Pending sales were impressive with a 25.81% gain from June 2010. Contracts on condos surged up 128%, followed by lots at 20%. Pending homes were a bit soft after a great run. Some could speculate that some of the home sales are being lost to new construction. YES, you heard me right! People are building again! With waterfront lots at such affordable prices, limited inventory and builders cutting prices to entice buyers, we have seen a run on lots lately.

For all the details, visit Marco Island Real Estate Statistics June 2011

Marco Island Real Estate Statistics March 2011

March 2011 was another strong month for Marco Island real estate. Inventory is down about 9% and overall sales volume was up about 7% with 80 transactions closed. Furthermore, pending sales remained strong with 70 properties going pending., 32% higher than last March. We should see this reflected in some good April numbers as well. With Bloomberg and the Wall Street Journal touting vacation / second home markets as the place to put your money, one might consider accelerating their entry into the Southwest Florida market.

If you need help finding your place in paradise, contact us at buyparadise@bartosgroup.com or visiting http://www.bartosgroup.com/

For all the statistics, visit Marco Island Real Estate Statistics March 2011

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

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

Vulture funds may lift real-estate market in South Florida - 09/21/2008 - MiamiHerald.com

I've consistently said that when the stock market is struggling that it wouldn't be long before we see the Southwest Florida real estate market pick up. With the bailouts of Freddie Mac and Fannie Mae and AIG, rest assured that some of the money that is in the stock market starts to show up in our real estate market.

As you can see from the graph, we are above average in sales for this year with an upward trend in sales growth. As we finish with our slow season, I would anticipate that we will see more buyers come in October-November to snatch up the pre-season values.

In the article, Victor Lopez, a former Hyatt development executive and current commercial agent, said .''The bottom fishers, if you will, have been standing around the sidelines,'' 'A lot of people out there are saying: `This is our time to get in.' ''

If he's right, it would be one of the clearest signs yet that South Florida's beleaguered real-estate market had bottomed, bringing the region closer to a recovery. If vulture investors are buying, the view goes, it's safer for others to start buying as well.

For the rest of the story, go to
Vulture funds may lift real-estate market in South Florida - 09/21/2008 - MiamiHerald.com

Buyers Positioned To Take Advantage Of The Good Values

I've notices a trend in the last month that is worth noting. Buyers seem to be positioned to act quickly on the good values that are coming up on the market. In the recent weeks, I have attempted to put contracts on several properties to find that they had another offering in play or had just accepted an offer.

So, what does that mean for buyers and sellers?

As for buyers, if you are looking to pick the low hanging fruit, you will need to act quickly and price aggressively. The thought that you can bring in a low offer and negotiate up may cause you to lose out on your favorite properties. Good values are selling within 5% of the list price and some will even go for more than list if the price is right and multiple buyers are interested.

As for sellers, if you have an updated or newer property and are priced at the bottom of the market for your category(water indirect, water direct, beachfront, etc. , expect to get multiple offers ranging from 5% to 20% below list price. Be realistic, if you aren't getting offers, you may still be priced too high. If you don't adjust, don't expect many offers above the 20% mark.

If you are considering selling, contact me today for a free consultation and find out how you can get the same service as traditional agents for thousands less.

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.

Marco Island Price Ranges as of 7/30/2007

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

Condos
Beachfront from $345,000 to $11,900,000 (376 Available)
Golf Course Community from $750,000 to $925,000 (4 Available)
Gulffront from $625,000 to $2,200,000 (44 Available)
Water Direct from $209,000 to $2,100,000 (185 Available)
Water Indirect from $350,000 to $788,500 (35 Available)
Inland from $129,900 to $4,250,000 (233 Available)

Single Family
Beachfront from $9,000,000 to $10,900,000 (2 Available)
Gulffront $2,500,000 (only one Available)
Golf Course Community from $399,900 to $4,000,000 (21 Available)
Water Direct from $699,000 to $7,400,000 (240 Available)
Water Indirect from $499,900 to $5,250,000 (203 Available)
Inland from $275,000 to $3,699,000 (173 Available)

Lots
Beachfront from $1,150,000 to $5,200,000 (7 Available)
Gulffront from $1,299,000 to $1,299,999 (2 Available)
Golf Course Community from $395,000 to $650,000 (4 Available)
Water Direct from $495,000 to $4,950,000 (141 Available)
Water Indirect from $395,000 to $1,850,000 (117 Available)
Inland from $169,000 to $1,950,000 (160 Available)

Active Listings on Marco Island
641 Single Family Homes
878 Condos
429 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
http://www.Marco-Naples-Homes.com/
http://www.Naples-Marco-Homes.com/

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

Florida economist predicts housing ready to recover

So, after 18 months of cooling off, we are finally seeing some positive statements about the condition of the Florida real estate market report by the Florida Association of Realtors.

For more information: go to:
FAR - News & Events - Florida economist predicts housing ready to recover

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