Information on Homestead information for Florida

HOMESTEAD ALERT


If you have purchased a home this past year in Florida and plan to make Florida your homestead, it is essential that you become Florida residents by December 31, 2011 to reap the benefits in 2012. This means by this Friday they will need to apply for a driver’s license, vehicle registration (if applicable) as well as a voter’s registration.


Many people labor under the mistaken impression that as long as an application for homestead is made by the March 1st deadline, they will be granted homestead status for that year. That may be true for existing residents, however, the second requirement, which is often overlooked is that these property owners would have had to become residents as of December 31st of the preceding year. As a result, the property must be owner occupied (or simply not rented) January 1st by a Florida resident. Having met this requirement the property owner has up until March 1st to apply for the homestead exemption if they had not done so in previous years.


Why is this important? Property values are presently assessed at extremely favorably low rates and homeowners can benefit by the homestead cap placing a limit on how high taxes can go up in subsequent years. However, the cap does not take effect as a baseline until the year following (the second year) of the Homestead exemption. Assessed values will not remain low forever so it is advisable to act now.

Marco Island Real Estate November Sales Statistics

Marco Island Real Estate November Sales Statistics

                   Year    2011      2010

NEW LISTINGS:
    Single Family       55   61
Condominiums         74    95
Lots                        29    19     
                

ACTIVE LISTINGS:

    Single Family          381    496   
    Condominiums        668    788
 Lots                        336    333    

PENDING SALES:
    Single Family          12   14
    Condominiums        18  21
    Lots                      9    6    

SOLD:

   Single Family          17   18
   Condominiums        19   18
   Lots                         6   5

  
AVERAGE SALE PRICE:
   Single Family    $513,856    $518,922
Condominiums   $319,661    $451,033
Lots                  $155,367    $221,000

For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Doggies Dining

I have never laughed so hard- I just had to post this.

http://www.youtube.com/watch_popup?v=EVwlMVYqMu4&vq=medium#t=125

This has nothing to do with Real Estate on Marco Island but I think it is great.

Tide Charts for Marco Island

Marco Island Tide Charts for the month of December

All tides shown are for the Big Marco River

1    5:17 am H      11:42 am L   6:31 pm H
2    12:29 am L    6:34 am H     12:40 pm L  7:17 pm H
3    1:41 am L      7:53 am H     1:39 pm L     8:03 pm H
4     2:42 am L     9:14 am H     2:34 pm L     8:47 pm H
5     3:32 am L     10:26 am H    3:24 pm L   9:30 pm H
6     4:17 am L     11:19 am H    4:09 pm L   10:09 pm H
7     4:58 am L     11:58 am H    4:51 pm L   10:45 pm L
8     5:37 am L     12:33 pm H    5:29 pm L   11:19 pm H
9     6:15 am L     1:08 pm H     6:06 pm L    11:49 pm H
10   6:52 am L     1:45 pm H     6:41 pm L   
11  12:17 am H    7:29 am L     2:24 pm H    7:16 pm L
12  12:45 am H    8:07 am L     3:06 pm H    7:54 pm L
13  1:16 am H     8:45 am L     3:48 pm H    8:37 pm L
14  1:56 am H     9:24 am L     4:31 pm H    9:26 pm L
15  2:46 am H     10:06 am L   5:12 pm H    10:27 pm L
16  3:54 am H     10:53 am L    5:53 pm H   11:39 pm L
17  5:29 am H     11:46 am L    6:35 pm H   
18  12:54 am L   7:09 am H      12:47 pm L   7:19 pm H
19  2:03 am L     8:45 am H      1:51 pm L     8:08 pm H
20  3:04 am L    10:12 am H     2:53 pm L     9:00 pm H
21  4:01 am L    11:23 am H     3:51 pm L     9:52 pm H
22  4:55 am L    12:17 pm H     4:47 pm L    10:42 pm H
23  5:45 am L    1:02 pm H       5:39 pm L    11:30 pm H
24  6:34 am L    1:42 pm H       6:29 pm L
25  12:16 am H  7:19 am L       2:19 pm H     7:16 pm L
26  1:02 am H    8:03 am L       2:56 pm H     8:03 pm L
27  1:49 am H    8:45 am L       3:32 pm H     8:50 pm L
28  2:40 am H    9:26 am L      4:10 pm H      9:40 pm L
29  3:36 am H    10:07 am L    4:49 pm H      10:36 pm L
30  4:38 am H    10:49 am L    5:29 pm H      11:40 pm L
31  5:6 am H      11:35 am L    6:12 pm H

Dunkin Donuts is now open on Marco Island

Dunkin Donuts is now open in the Town Center off Elkcam Circle.  There is WiFi internet with plenty of outdoor seating. 

Beautiful Waterfront Home Near the Beach

You will be pleasantly suprised when you walk through the door of this waterfront home near the beach.  This well maintained home features an updated kitchen, volume ceilings, walk in closets, wood flooring, pool, new impact windows plus a boat dock and lift.  You can text T306895
to # 85377 on your smart phone to get addtional photos and information.

For more information on this great home, please visit our website at www.RealEstateonMarco.com or call 239-404-7471.

Marco Island Real Estate October Sales Statistics

Marco Island Real Estate October Sales Statistics

                   Year    2011      2010

NEW LISTINGS:
    Single Family           47    80               
    Condominiums         74    108
    Lots                           25    17     

ACTIVE LISTINGS:

    Single Family          369    477     
    Condominiums        646    766
   Lots                          330    336     

PENDING SALES:
    Single Family          12   16 
    Condominiums        18  17
    Lots                      3    3     

SOLD:

   Single Family          24   25 
   Condominiums        22   16                  
 Lots                         5    6

  
AVERAGE SALE PRICE:
   Single Family    $556,021    $554,084
Condominiums   $286,986    $534,888
Lots                  $230,000    $230,333

For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Marco Island Real Estate Analysis

As you can see from the previous post, inventory levels on single family homes and condominiums have reduced in numbers from October 2010.  We have had a very active summer in home and condominium sales.

Lots have not had much of a change from 2010 inventory levels and lots at this current time are still somewhat slow moving.

With the stabalized pricing and lower inventory, Marco Island real estate should continue to be strong through the winter months.

If you would like additional information on real estate on Marco Island, please call us at 239-404-7471 or visit our website at www.RealEstateonMarco.com

Marco Island Real Estate September Sales Statistics

Marco Island Real Estate September Sales Statistics

                   Year     2011     2010

NEW LISTINGS:
   Single Family       33     44                        
   Condominiums    32      60                           
   Lots                     22        24

ACTIVE LISTINGS:
   Single Family        373     476      
   Condominiums      632     750
   Lots                      322     332

PENDING SALES:
   Single Family        15       21
  Condominiums       11        6
  Lots                       8     5                                   

SOLD:
   Single Family        21      30                      
   Condominiums      31      15                         
   Lots                       13       4

AVERAGE SALE PRICE:
  Single Family      $619,857    $629,967
  Condominiums    $358,482    $273,867
  Lots                     $251,469     $421,250


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

August Real Estate Sales Statistics for Marco Island

August sales statistics for Marco Island listed below:

Year                         2011     2010

NEW LISTINGS:
   Single Family      31         50                              
   Condominiums    54         32                               
   Lots           21      19                                          

ACTIVE LISTINGS:
   Single Family     366       495          
   Condominiums   643       750
   Lots                     32       328               

PENDING SALES:
   Single Family      1          11                               
   Condominiums    22        10                              
   Lots       7       2                                              

SOLD:
   Single Family      21         21                            
   Condominiums  33      12                                  
   Lots            9   5                                                 

AVERAGE SALE PRICE:
Single Family    $526,609    $530,035
   Condominiums $384,824  $512,188
   Lots                  $238,278   $179,800


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Marco Island Real Estate is recovering!

The Marco Island Real Estate is showing positive signs of a recovery.

1.  Inventory levels are down in all types of residential properties.

2.   Pending sales are up 13% for single family homes, 60% for vacant lots     and  112% for condominiums.

3.  Closed sales are up 47% for single family homes, 33% for vacant lots and 53% for condominiums.

4.  Average sales prices are up 29% for single family homes, 117% for vacant lots and 12% for condominiums.

For additional information on Marco Island and Naples real estate, please call me at 239-404-7471 or visit my website.

July sales statistics for Marco Island Real Estate

July sales statistics for Marco Island listed below:

                           Year     2011   2010

NEW LISTINGS:
   Single Family             45          45                  
   Condominiums           53          64               
   Lots                 15    23                                   

ACTIVE LISTINGS:
   Single Family            383        501             
   Condominiums          647        758              
   Lots                           322    324
                                 
PENDING SALES:
   Single Family              17         15             
   Condominiums            17          8              
   Lots                  8    5                            

SOLD:
   Single Family              28          19              
   Condominiums            23          15               
   Lots                         8    6                              

AVERAGE SALE PRICE:
   Single Family      $686,893    $529,642
   Condominiums    $325,935    $289,540
   Lots                     $522,813    $240,583


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Mortgage rates for July 30, 2010

Conforming Mortgages:
30 year fixed rate = 4.5% - 4.592% APR
15 year fixed rate = 3.75% - 3.838% APR
7/1 ARM = 3.5% - 3.61% APR
5/1 ARM = 3.125% - 3.231% APR
3/1 ARM = 2.875% - 2.98% APR
FHA 30 year fixed rate = 4.25% - 4.410% APR
VA 30 year fixed rate = 4.25% - 4.45% APR
USDA 30 fixed rate = 4.25% - 4.54% APR
Jumbo Mortgages
Jumbo 7/1 ARM = 4.0% - 4.029% APR
Jumbo 5/1 ARM = 3.5% - 3.528% APR

For more information regarding real estate on Marco Island and Naples, please call me at 239-404-7471 or visit my website at www.RealEstateonMarco.com

50% down and no Mortgage Payment?

50% down and no mortgage payment?  Yes, that's right! Buyers 62 and older can purchase a primary home for approximately 50% down and make no mortgage payment.

Must pay taxes, insurance and assocation fees as applicable. Programs are subject to age, appraisal, proof of adequate funds for down payment and program guidelines. No co-ops, resort condos, second or investment homes. Condos must be HUD approved. If it's not approved, call us to find out how to get it approved. This information came from Ken Engler of Brentwood Mortgage.  Please call them for additional infomation on how you could own a home on Marco Island and not have a mortgage payment at 239-659-1660.

Real Estate Situation on Marco Island

Currently we are have an enormous amount of need for anual rentals on Marco Island due to the Short Sale situation going on throughout the country.  Anyone who has done a short sale with a bank cannot buy a home for 2 years.  Therefore, these people must rent a home for a 2 year period of time and they are willing to pay a significant amount for their monthly rent payment.

 Now is a great time to purchase a vacation investment property on Marco Island and take advantage of this unique situation.

Call me for assistance at 239-404-7471

Mortgage rates for July 22, 2010

Below are the most recent mortgage rates:

Conforming Mortgages:
30 year fixed rate = 4.5% - 4.592% APR
15 year fixed rate = 3.75% - 3.838% APR
7/1 ARM = 3.375% - 3.461% APR
5/1 ARM = 3.5% - 3.084% APR
3/1 ARM = 3.0% - 3.084% APR
FHA 30 year fixed rate = 4.25% - 4.410% APR
VA 30 year fixed rate = 4.375% - 4.45% APR
USDA 30 fixed rate = 4.375% - 4.754% APR
Jumbo Mortgages
Jumbo 7/1 ARM = 3.75% - 3.778% APR
Jumbo 5/1 ARM = 3.25% - 3.277% APR

For more information on Real Estate on Marco Island, please view my website or call me at 239-404-7471.

Mortgage rates as of July 9 2011

Conforming Mortgages:


30 year fixed rate = 4.625% - 4.718% APR

15 year fixed rate = 3.875% - 3.964% APR

7/1 ARM = 3.625% - 3.712% APR

5/1 ARM = 3.25% - 3.336% APR

3/1 ARM = 3.00% - 3.084% APR

FHA 30 year fixed rate = 4.375% - 4.534% APR

VA 30 year fixed rate = 4.375% - 4.599% APR

USDA 30 fixed rate = 4.50% - 4.652% APR

Jumbo Mortgages

Jumbo 7/1 ARM = 4.25% - 4.288% APR

Jumbo 5/1 ARM = 3.625% - 3.661% APR
 
Now is a great time to purchase your vacation home on beautiful Marco Island.  For more information call Deanna Sydlosky at 239-404-7471 or visit my website.

June Real Estate Sales Statistics for Marco Island

June sales statistics for Marco Island listed below:

                         Year       2011       2010

NEW LISTINGS:
   Single Family                 27        66
   Condominiums              60        71
   Lots                                10        26

ACTIVE LISTINGS:
   Single Family                 378     508
   Condominiums              654     760
   Lots                                323     326
PENDING SALES:
   Single Family                  14      18
   Condominiums               16       7
   Lots                                  6        5

SOLD:
   Single Family                 35      28
   Condominiums              40      34
   Lots                                 6        7

AVERAGE SALE PRICE:
   Single Family       $704,667   $696,089
   Condominiums    $394,198   $395,099
   Lots                      $208,167   $165,429


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Tax Relief for Non-Homesteaders and First Time Buyers

Lawmakers approved a proposed constitutional ammendment that, if approved by voters in November 2012, would reduce the yearly assessment cap on a non-homesteaded home from 10% to 5%.  This is very helpful to homeowner's of second homes to keep their property taxes low.

This ammendment also will give anyone who has not had a homestead expemption in Florida for three years a property tax discount of 50% of the home's assessed value (not to exceed the median home price in the county in which it is located.

These tax incentives for investors and homeowners could speed Florida's economic recover.

For more information on Southwest Florida please contact Deanna Sydlosky at 239-404-7471

Beachfront Condo for Sale on Marco Island

Direct views of the Gulf of Mexico from your living room and private balcony from this beachfront condo. Updated tile in the kitchen and bath with full windows in the living room for unobstructed views.

Please click this link MLS 2111312 for more details on this wonderful property and a virtual tour.

For more information on real estate on Marco Island, please call Deanna at 239-404-7471 or visit my website for quick property searches for Naples and Marco Island.

Marco Island Update

For all you buyers that are sitting on the fence waiting for the perfect time to purchase your home on Marco Island- NOW MAY BE THAT TIME.   Every family that has sold their home in a short sale situation must rent for two years!  That is an incredible opportunity for existing homeowner's on Marco Island that have second homes or investment properties. 

 There is an overflowing demand for rental homes on Marco Island.  Property owners are getting $1,900 - $2,600 per month for a typical 3 bedroom home with approximately 2200 square feet under air.

For more information on Real Estate on Marco Island, please call me at 239-404-7471 or visit my Website for a complete home search of all available properties for sale.

Waterfront Home

This beautiful 4 bedroom waterfront home has a 3 car garage, granite kitchen and baths, tile floors, pool. Fabulous views of Collier Bay and the distant Gulf of Mexico from the 2nd and 3rd floor balconies. The kitchen features solid wood cabinetry with huge walk in pantry, stainless steel appliances. Wet bar in the dining room area. Built in 2005 with disappearing sliding doors, tile roof and a lanai that extends the lengh of the house. Quick direct access by boat to the Gulf of Mexico.

This great home is located in Marco Island.


Click here MLS 2102622 for more information on this home.

Please call Deanna at 239-404-7471 or visit my website for additional information.

Mortgage Rates Week of June 20, 2011

Conforming Mortgages:


   30 year fixed rate = 4.625% - 4.718% APR
   15 year fixed rate = 3.875% - 3.964% APR
   7/1 ARM = 3.75% - 3.838% APR
   5/1 ARM = 3.50% - 3. 587% APR
   3/1 ARM = 3.375% - 3.461% APR

FHA 30 year fixed rate = 4.375% - 4.537% APR

VA 30 year fixed rate = 4.375% - 4.660% APR

USDA 30 fixed rate = 4.50% - 4.652% APR

Jumbo Mortgages

   Jumbo 7/1 ARM = 3.875% - 3.964% APR
   Jumbo 5/1 ARM = 3.375% - 3.461% APR

Great time to buy a home on Marco Island.  Please call for details at 239-404-7471 or visit my website for a full list of property available.

Real Estate Interest Rates

Here are the current interest rates for real estate:

Conforming Mortgages:


30 year fixed rate = 4.625%

15 year fixed rate = 3.875%

7/1 ARM = 3.625%

5/1 ARM = 3.375%

3/1 ARM = 3.375%

FHA 30 year fixed rate = 4.375%

VA 30 year fixed rate = 4.375%

USDA 30 fixed rate = 4.375%

Jumbo Mortgages

Jumbo 7/1 ARM = 3.75%

Jumbo 5/1 ARM = 3.25%
 
These rates are unbelieveably low.  Now is a great time to purchase that investment property or a second home.  The people filing short sales and forclosures must rent for a period of 2 years.  Why not buy a home with these low interest rates and take advantage of all the people that will need a  long term rental.
 
For more information on real estate on Marco Island or Naples, please call me at 239-404-7471 or visit my Website or current homes on the market.

Marco Island Real Estate is Improving

Marco Island Real Estate Improves For the Third Year in a Row


Real Estate Markets are different and localized all across the country. Thus the National real estate reports are generalized, at best. They do not accurately reflect Real Estate activity everywhere or in any specific town. Pricing and sales activity even varies within a given city!

Marco Island overall Statistics Reports have improved for the third straight year!

01/01/2011 – 05/31/2011 From the MLS data for all of Marco Island

So far this year, Real Estate has been strong and steady for all real estate market sectors combined on Marco Island. This is the first time we have seen a consistent and positive trend in many years.

In general:

 The total number of properties sold is way up,

 The total dollar value of sold properties is way up,

 The average days on market-the time it takes a property to sell- is down,

 The new inventory of property for sale has significantly decreased in many areas,

 The average selling price has increased slightly, with some exceptions.

Single Family Homes: New Inventory declined by 17% while houses sold increased by 15%. Average sale price was marginally higher by 3.7%. Median selling price was -1%.

Lots: Available Inventory increased 1% and Lots sold increased by 11%.

Condominiums: New Inventory declined by 9% and Condos sold increased by 17%.

The accompanying MLS data shows results for your neighborhood, as usual.

May Real Estate Sales Statistics for Marco Island

April sales statistics for Marco Island listed below
                 Year        2011          2010

NEW LISTINGS:
   Single Family         34            57
   Condominiums      68            77
   Lots                       18            26

ACTIVE LISTINGS:
   Single Family         408         503
   Condominiums      675         768
   Lots                       348          344

PENDING SALES:
   Single Family         27           17
   Condominiums      23           12
   Lots                       5              4

SOLD:
   Single Family        43            31
   Condominiums     53            41
   Lots                       7              5

AVERAGE SALE PRICE:
   Single Family    $668,772     $685,339
   Condominiums $376,975     $378,011
   Lots                   $437,857    $325,800


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471  or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Real Estate Self Directed IRA

Given the demise of real estate prices in recent years and the potential for resurgence, it is surprising so little is known about Real Estate I.R.A.’s. With historically low prices in Southwest Florida coupled with the recent gains of the stock market, individuals may wish to consider moving a portion of their qualified retirement plans from Wall Street to the beaches of Florida through investing in real estate. Many Individuals are simply unaware how easy it is to transfer funds tax free from an existing retirement account into a Self Directed IRA. There are numerous facilitators we have worked with that our office can direct you to (see Penscotrust.com as well as theentrustgroup.com) to serve, among others, as Custodians for your Self Directed IRA.


With a few exceptions the process of purchasing real estate with your IRA is similar to purchasing other conventional investments with your IRA. Once your self-directed account has been established and funds transferred, simply instruct your custodian to purchase the specific investment property through a real estate letter of direction. Once received, the custodian will act on your instructions and remit funds to the real estate closing attorney you have selected to handle the transaction.

When purchasing Real Estate with your IRA, there are 4 main differences between buying Real Estate for yourself and your retirement account.

· Title: When purchasing an asset for your IRA it is imperative that it is properly titled in your IRAs name, listing the custodian, For the Benefit of (FBO) Your Name IRA.

· Funding: When purchasing an investment for your IRA, the funds required must come directly from your IRA. Accordingly, the custodian sends funds directly to our office per your instructions.


· Expenses/Profits: Any expenses or income associated with an IRA investment must be originated or remitted to your IRA.


· Signatures: Documents regarding IRA investments must be signed by the firm acting as custodian on behalf of your IRA.


While there is not a limit on the number of IRA accounts, the allowable annual contributions cannot exceed the applicable limits of the plan you have selected. Funds can be transferred from an existing IRA, 401k or 403b to a self directed IRA to the custodian for the purposes of purchasing real estate. You can elect to transfer all or a portion of your previous retirement funds to self direct them in investments. Retirement accounts among spouses may also be grouped together to purchase property.

When the property purchased through an IRA is ultimately sold the sales proceeds may be returned to the original IRA account or used to purchase another property.

This information was provided by Ronald Webster, attorney on Marco Island.

April Real Estate Sales Statistics for Marco Island

April sales statistics for Marco Island listed below:



                  Year        2011       2010

NEW LISTINGS:

Single Family              49         56
Condominiums           63         68
Lots                            40           9

ACTIVE LISTINGS:

Single Family           454      515
Condominiums        704     757
Lots                          353     337

PENDING SALES:

Single Family           29      15
Condominiums        33      34
Lots                          6       10

SOLD:

Single Family          42      39
Condominiums       54      56
Lots                        11      11

AVERAGE SALE PRICE:

Single Family      $829,285     $690,531
Condominiums   $504,255     $486,387
Lots                     $301,082    $228,136


For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Marco Island's Charter High School

The Marco Island High School is getting closer to a reality.  They have already hired teachers and have had 58 students apply for admission.  They anticipate 175 - 200 students the first year.

Students will have the opportunity to take a course in Biology that will include lesson plans written by the director of education for Jean-Miclael Cousteau's Ocean Futures.  They have an affiliation with Cornell University in New York where the students can attend summer college and receive college credits.  Football will be coached by former NFL football player Mike Vanderjagt.

This is a great addition to the community of Marco Island.  For more information, you can visit their website at http://www.marcoislandacademy.com/.

Marco Island Real Estate March Sales Statistics

March sales statistics for Marco Island listed below:


                              Year            2011       2010

NEW LISTINGS:
   Single Family                         56            82
   Condominiums                      59            93
   Lots                                        38            33


ACTIVE LISTINGS:
   Single Family                     489           540
   Condominiums                  733           809
   Lots                                     349          359


PENDING SALES:
   Single Family                    22             17
   Condominiums                 38             30
   Lots                                   8               5


SOLD:
   Single Family                   31            30
   Condominiums                37            34
   Lots                                  10            10


AVERAGE SALE PRICE:
   Single Family           $566,778     $659,953
   Condominiums        $447,032     $398,402
   Lots                          $210,310     $294,500

For more information on real estate on Marco Island and Naples, please contact me at 239-404-7471 or visit my website at http://www.realestateonmarco.com/ for current homes for sale.

Marco Island Quarterly Real Estate Statistics

1st quarter sales statistics for Marco Island listed below:

                                 1st                            1st
                    Quarter 2011         Quarter 2010          

NEW LISTINGS:
  Single Family             193                      226                
  Condominiums           261                      290
  Lots                             107                      93

ACTIVE LISTINGS:
  Single Family               475                       540
  Condominiums            739                       809
  Lots                               349                      359

PENDING SALES:
  Single Family              75                          66       
  Condominiums           101                        71
  Lots                              27                          20

SOLD:
  Single Family             74                           72                    
  Condominiums          100                         86
  Lots                             21                           22


AVERAGE SALE PRICE:
  Single Family           $635,109                  $636,494
  Condominiums        $579,490                  $499,477
  Lots                          $281,060                  $303,386

As you can see from the statistics, Condominiums have increased dramatically in the number of pending sales for the Marco Island area.  The sale prices for single family homes have not changed much since the first quarter of 2010 indicating a leveling out.  There is still some price corrections for vacant land and condominiums.

For more information on real estate on Marco Island, please visit my website or call me at 239-404-7471.

Marco Island Real Estate February Sales Statistics

February sales statistics for Marco Island listed below:


            Year                  2011            2010


NEW LISTINGS:
   Single Family                 67             67
   Condominiums               97            81
   Lots                                39             35

ACTIVE LISTINGS:
   Single Family               486           514
   Condominiums            780           806
   Lots                              334           350

PENDING SALES:
   Single Family                33            33
   Condominiums             37            21
   Lots                               10             7


SOLD:
   Single Family               28           23
   Condominiums            38           29
   Lots                               8              7

AVERAGE SALE PRICE:
   Single Family         $680,961     $659,457
   Condominiums       $640,474     $616,805
   Lots                          $276,031    $332,857

Latest Marco Island Sales Stats

Based on the sales stats that I just posted for January on Marco Island, Average sales prices are up slightly, inventory is down slightly, and pending and closed sales are up as compared to Januay 2010.

Please view my website at http://www.realestateonmarco.com/ for up to date information on the real estate market on Marco Island.

Marco Island Real Estate January Sales Statistics

January sales statistics for Marco Island listed below:


              Year                       2011        2010


NEW LISTINGS:
   Single Family                   75                77                 
   Condominiums                 107              116
   Lots                                 32                25


ACTIVE LISTINGS:
   Single Family                   481              520
   Condominiums                 775             782
   Lots                                 334             334


PENDING SALES:
   Single Family                   27                 16
   Condominiums                 35                 20
   Lots                                10                  8   

SOLD:
   Single Family                   22                 19
   Condominiums                 33                 23
    Lots                                5                   5

AVERAGE SALE PRICE:
   Single Family                $601,751        $571,658
   Condominiums              $607,342        $500,955
   Lots                              $353,800        $279,900

Tips on selling your home

Even in a challenging market, good homes go fast! Smart sellers are realizing that a proactive selling strategy can go a long way in getting their home sold, even when inventories are high. Here are three tips for today’s sellers:



1.Price your home right. Markets change, so don’t be influenced by last year’s selling activity and home prices. Buyers will evaluate your home based on what others are selling for today, so make sure you know the market and price your home accordingly.

2.Make your home shine. Buyers like to envision a home they can move right into. Clean carpets, fresh paint, and a nicely landscaped yard can go a long way to make perspective buyers feel at home.

3.Anticipate the selling season. Many sellers wait for the market to pick up before they place their home for sale, but smart sellers anticipate these seasonal adjustments and list their homes early in the sales cycle. Give yourself the best opportunity by placing your home on the market before everyone else does!

Whether you’re looking to sell today or are thinking of selling tomorrow, please feel free to call at 239-404-7471 and ask for a computer analysis of our recent market activity. We would be more than happy answer any questions you might have.

Interest Rate Update

Mortgage rates moved upward in December to 4.71 percent, up from 4.3 percent in November, according to a report from Freddie Mac. Despite the upward interest rate trend, experts remain positive about today's housing market and overall affordability conditions..

Marco Island Real Estate Sales are Improving

The real estate on Marco Island is seeing great improvement.  Over the Christmas Holiday we had 8 single family homes go under contract and 14 condominiums under contract.

Marco Island currently has 53 condominiums under contract, 56 single family homes under contract, and 7 lots under contract.  That is a total of 116 properties under contract waiting to close.

In the 4th quarter Marco Island has had 77 single family homes close, 73 condominiums close, and 21 lots close.

Don't miss your opportunity to take advantage of these record low prices.  For more information on real estate and forclosures, please give me a call at 239-404-7471 or visit my website at http://www.realestateonmarco.com/

Marco Island Real Estate December Sales Statistics

December sales statistics for Marco Island listed below:



Year                                   2010        2009

NEW LISTINGS:
   Single Family                    58             47
   Condominiums                 59             87
   Lots                                 32             23


ACTIVE LISTINGS:
   Single Family                469             496
   Condominiums             764             747
   Lots                             328             338


PENDING SALES:
   Single Family                18              12
   Condominiums              16             25
   Lots                              5               1


SOLD:
   Single Family               33             27
   Condominiums            38             47
   Lots                            10             4


AVERAGE SALE PRICE:
   Single Family       $618,280          $705,095
   Condominiums     $408,632          $608,194
   Lots                    $320,790           $212,750




For more information regarding real estate information on Marco Island, visit my website at http://www.realestateonmarco.com/ or call 239-404-7471