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.
Monday, February 7, 2011
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
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.
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..
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