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.