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.