Conservation Collier may rescue Tract K on Marco Island

An application to have the 11.6 acres known as Tract K was submitted to the Conservation Collier's Land Acquisition Advisory Committee.  It will be reviewed to determine if the property meets the programs goals and criteria for acceptance.  For more information refer to the Marco Island Sun Times.

April Home Sales Jump

The Commerce Department says sales of new single-family homes rose 14.8 percent to a seasonally adjusted annual rate of 504,000 units after buyers raced to secure an expiring tax credit. That follows a 29.8 percent rise in March that was the biggest increase in 47 years. The latest gain is well ahead of estimates.

Marco Island Youth Summer Programs

The city of Marco Parks and Recreation and the Greater Marco YMCA are both offering summer programs for children of all ages. 

The YMCA is offering a 10 week camp starting June 14 for ages 6-11 and is offering Martial Arts, theater camp, and guitar camp as some of their options.

The City of Marco Parks and Recreation starts June 11 for ages 6-11.  For ages 8-13 they are offering Junior chefs camp where the kids will be baking and creating pastries.

For more information call 239-642-0575.

Mortgage rates stay above 5%

McLEAN, Va. (AP) – April 30, 2010 – Average rates for 30-year fixed mortgages slipped this week, but stayed above 5 percent for the fifth straight week, Freddie Mac said Thursday.

The average rate for 30-year fixed-rate mortgages was 5.06 percent this week.

The last time rates for 30-year fixed mortgages averaged less than 5 percent was the week of March 25, when they were 4.99 percent.

This week, the average rate on a 15-year fixed-rate mortgage was 4.39 percent, unchanged from last week.

Rates on five-year, adjustable-rate mortgages averaged 4 percent, down from 4.03 percent a week earlier. Rates on one-year, adjustable-rate mortgages rose to 4.25 percent from 4.22 percent.

For more information on Real Estate on Marco Island visit by website at http://www.realestateonmarco.com/ .

Marco Island Real Estate Statistics for April 2010

Marco Island Real Estate Statistics for April for the complete Island.


Here is what is happening for the month of April compared to April of last year:


NEW LISTINGS:              APRIL 2010        APRIL 2009      % CHANGE

Single Family Homes            52                          56                -7.14 %
Lots                                       9                          20               -55.0 %
Condominium                      66                           77               -14.2 %


ACTIVE LISTINGS:         APRIL 2010       APRIL 2009      % CHANGE

Single Family Homes          465                      600              -22.5 %
Lots                                   327                      369              -11.3 %
Condominium                     731                      858               14.8 %


CLOSED SALES:             APRIL 2010         APRIL 2009   % CHANGE

Single Family Homes          37                            28                 32.1 %
Lots                                   11                             7                  57.1 %
Condominium                     47                           19               147.3 %


AVERAGE SALE             APRIL 2010        APRIL 2009       % CHANGE
PRICE:

Single Family Homes          $696,370             $581,545          19.7 %
Lots                                   $228,136             $302,643         -24.6 %
Condominium                     $515,376             $571,574        -9.83 %


Search all homes in Marco Island for a complete list of property  for sale on Marco Island.  Please call me at 239-404-7471 with any questions regarding real estate on Marco Island.

Tax Credit deadline

Time is running out for the tax credit.  The deadline to have a property under contract is April 30, 2010.  For more information contact me at 239-404-7471.

Marco Island Verdi's is under new ownership

My favorite restaurant, Verdi's, is under new ownership.  Chef Guy is going to continue on to oversee the menu and give advise.