Marco Island Real Estate Statistics January 2010

The sales momentum continues into January 2010 as overall sales volumes doubled over the same time last year. In general, January is more of a transitional month where inventory increases due to high number of sellers positioning for the seasonal increase. However, inventory is down from January 2009 by about 14%. Pending transactions are up by 50% over Jan 2009 and 35% last month. Lots had an incredible 900% increase over last month. Although we probably won't see any price increases in the near future, the price levels appear to be leveling out.

For the full statistics, go to Marco Island Real Estate Statistics January 2010

Marco Island Real Estate Statistics Q4 2009

Q4 2009 Marco Island real estate statistics showed a 47.71% increase in overall sales volume over the same period in 2008. Furthermore, the volume increased from the previous quarter by 13.38%. The Average Sales price stayed virtually unchanged from the Q3 ASP. Q4 2009 pending sales surged to over 119% of those recorded in Q4 2008 and almost 27% of the previous quarter. The numbers were greatly influenced by a strong December 2009 in which pending sales in 150%, condo sales were up 147% and overall sales were up 105%. In addition, more and more buyers are becoming more serious about their property search.

For more on the quarterly and monthly results, see the links below
Marco Island Real Estate Statistics Q4 2009
Marco Island Real Estate Statistics December 2009

It appears that the Marco Island real estate market is heating up again. Although there is no indication that prices will start increasing in the near future, buyers should start keeping a closer eye on the market and may want to accelerate their search to assure that they get what they are looking for as it seems that a lot of the well priced quality properties are moving off the market quickly.

What CNBC's Ron Insana Says about Real Estate in 2010

Today Show's Meredith Vieira recently interviewed Ron Insana, a recognized financial expert and author of the book "How to Make a Fortune From The Biggest Bailout in U.S. History". Mr. Insana had some pretty interesting things to say about the economy, the stock market and in particular, the real estate market.

Historically, Southwest Florida has been at the front of the Home sales trends and it was apparent from the last quarter's sales volumes on Marco Island. Overall sales volume increased sharply over Q4 of 2008 and culminated with a exceptionally strong December. Buyers have become more serious about buying in the next 6 months and inventories are continuing to decrease. The deals that were available a few months ago are hard to find and frequently have multiple offers vying for acceptance. So, the question you have to ask yourself is, are you willing to wait any longer to get serious about purchasing property in paradise? If you are ready, contact us today to set up your free personalized property search including foreclosures and short sales to find the hot deals as soon as they hit the market.

Replacing Your Entry Door May Payoff Big!

We've all heard the old phrase, you never have a second chance to make a first impression. This definitely relates to the curb appeal of your home when selling your home. You can easily improve the curb appeal by cleaning up the yard, trimming the bushes and trees and making sure that it is properly lighted. However, there is one thing that you can do that may bring big returns. In a recent article from Remodeling magazine, the South Atlantic region, which includes Florida, showed a 146.8%(128.9% nationally) return on investment by replacing old entry doors. Replace existing 3-0/6-8 entry door and jambs with new 20-gauge steel unit, including clear dual-pane half-glass panel, jambs, and aluminum threshold with composite stop. So, if you want to improve curb appeal and return on investment, a new doorway might just do the trick!

Tis the Season FOR BUYING!

Wow, how time flies! I've been so busy these last several months that I just realized how bad I've been at keeping you up to date on the Marco Island real estate market. So, I'm going to catch you up all at once.

As for the current Marco Island real estate market, it is really picking up! Although, third quarter numbers were right in line with the same timeframe last year. The last three months have been very active. With 10+ more days to go in the quarter, the numbers are significantly higher than Q4 of 2008. Active inventory is down by almost 21%, pending sales are up by 90%, closed sales are up 47.7% overall.

Here are the Marco Island real estate statistics for the last several months.
MAY 2009 Statistics
JUNE 2009 Statistics
JULY 2009 Statistics
AUGUST 2009 Statistics
SEPTEMBER 2009 Statistics
OCTOBER 2009 Statistics
NOVEMBER 2009 Statistics

Q2 2009 Statistics
Q3 2009 Statistics

Look for the 2009 Wrapup report next month! It will be very interesting if you are considering buying or selling on Marco Island, Florida!

Marco Island Real Estate Statistics for April 2009

Numbers were up from last year. However, the sales remain sluggish. Single Family seems to be the place where most are growth is happening; posting a 12% increase in sales. Lots had a good month. While condos suffered a dip in sales.

For more information, go to Marco Island Real Estate Statistics for April 2009

Marco Island Real Estate Stats Q1-2009

After a weak January results, real estate sales have shown signs of recovery. Although, we still trailed Q1 of last year, we saw some positive growth in single family homes in the month of March, up 55% in pending sales and 50% for closed sales as compared to the March of 2008.

Click the link for all Marco Island Real Estate Stats Q1-2009

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Marco Island Real Estate Statistics for March 2008

March overall sales were dead even with last year. Single Family Homes led the way with a 50% increase in sales over last year and nearly 70% increase from February 2009. Furthermore, pending sales for homes was up 60% from last March.

To view the statistics, click Marco Island Real Estate Statistics for March 2008

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Get up to $8000 Tax Credit for First-Time Homebuyers

In an effort to stimulate home sales, the government has passed a new law that could put up to $8,000 in your pocket via a first-time homebuyer tax credit that does not have to be repaid.

So, how do you know if you qualify?

1. You need to be a "first-time homebuyer". The law defines "first-time homebuyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase.
2. To be eligible, you must be a U.S. citizen who files taxes
3. There is an adjusted gross income limit of $75,000 a year for individuals and $150,000 a year for joint filers. Those who make more may qualify for a partial credit.
4. You must buy a home between Jan. 1 and Dec. 1 of 2009 and close escrow during these dates.
5. The property you are purchasing must be your primary residence.

To apply for the credit, you would need to use IRS Tax Form 5450 to claim the first-time homebuyer tax credit. If you would like to purchase a home and take advantage of this tax credit, contact me at (239) 404-5068 for a free consultation.

Fannie Mae Eases Guidelines for Investors

On February 6, 2009, Fannie Mae released Announcement 09-02, detailing the new rules for real estate investors who own multiple properties.

Fannie Mae previously only allow for four properties loans. Announcement 09-02 allows investor and second home borrowers to qualify for Fannie Mae-backed loans for up to 10 properties. However, investors must meet strict underwriting and delivery requirements outlined in the announcement.

“Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors,” said Fannie,“Experienced investors play a key role in the housing recovery and Fannie Mae’s continued support for investor borrowers is consistent with its mission to provide stability, liquidity and affordability to the nation's housing system.”

This move will open up many opportunities for investors who were ready to jump on the current foreclosure/short sale market but had maxed out on properties.

Marco Island Real Estate Stats - February 2009

Things are starting to heat up again on Marco Island after the island went into a couple of month lull. Pending sales are starting to rise as well as month to month sales growth. One category really shined out. Single family homes sales increased 39+% as compared to last year and an incredible 78% growth from the last month. All in all, we are seeing more buyer activity which will eventually turn into more buying.

For the statistics, go to Marco Island Real Estate Statistics February 2009
For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Marco Island Real Estate Statistics for Dec 2008 & Jan 2009

Well, it's been a while since I've posted the statistics on my blog. So, you are going to get a bunch. Here are the statistics for December 2008, January 2009 and Q4 of 2008. Sorry sellers, the data is not good but I'm beginning to see a silver lining for buyers. There are plenty of opportunities on the horizon for you bargain hunters. If you have the finances, now is the time to take advantage of the opportunity.

Marco Island Real Estate Statistics for December 2008

Marco Island Real Estate Statistics for Q4 2008

Marco Island Real Estate Statistics for January 2009

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Marco Island Real Estate Statistics - November 2008

Well, did we expect it to last forever? For the first time this year, overall sales volume was down as compared to last year. With the stock market on a rollercoaster ride and the financial markets going crazy, it's not surprising that the media is perpetuating negative sentiment.

Did you ever think that if we all paid no attention to the media that our world would be a better place?

Yes, it's good to be informed but too much information creates paranoia, paranoia creates fear and fear cripples a nation. Thankfully, the way we react to the situation will determine our fate. There is opportunity for anyone that can change their mindset and turn a negative into a positive. In this time when others clutch in fear, a few will seize the moment to reap great rewards.

To see the statistics, click Marco Island Real Estate Statistics for November 2008

For more information about Marco Island Homes for Sale, contact:
Joseph A. Bartos, P.A.
Assist 2 Sell Buyers & Sellers Real Estate
(239) 404-5068
mailto:info@bartosgroup.com
Let us assist you in buying or selling a property in the Marco Island area.

Marco Island Real Estate Statistics for October 2008

Sales keep rolling on! Overall sales registered over 26% increase over October 2007. As well, new pending sales were up 50% with Single Family Homes notching a whopping 133+% increase over last October. Expect further growth as we move towards season.

For more information, go to Marco Island Real Estate Statistics for October 2008