|
|
|
|
| Car Carrier Season Jump Starts Real Estate |
This is the time of year in Southwest Florida, known as "fall" to many around the country, but affectionately termed "Car Carrier Season" in Southwest Florida. As the weather deteriorates from a brutally hot summer into cold and rain in many parts up north, we see many Northerners transition to the Florida sunshine. That transition brings with it many friends and family members interested in the Florida lifestyle especially for the following reasons.
- The wonderful Florida lifestyle offers sunshine, beaches, boating, golfing, and other outdoor activities which can all be enjoyed without the need for winter jackets in the winter months.
- For those able to capitalize on Florida's no state income tax rule, they start the transition for the six months and a day requirement around this time of year. For more information on how to establish residency in Florida and escape state income taxes, don't hesitate to contact me for some resources.
- Uncertainty in the stock market and European markets has some investment publications writing that now is the time to invest in real estate. In certain market segments, the market trends support the talk that Buyers are actually buying, not just looking. Of course, there is "hyperlocalism" in today's market; therefore, one market or community might be stronger than another.
|
| Marco Island |
On Marco Island, we are experiencing overall improvement in the market.Consider the charts which show the following:
·Third quarter of 2011 is comparable in closed sales to the third quarter of 2005.
·Inventory levels for first quarter of 2005 and third quarter 2011 are comparable.
We anticipate further improvements to the inventory levels and sales with the upcoming season.
|
Marco Island Quarterly SALES Trends
|
![Marco Island Quarterly Sales Trends]() |
| Marco Island Quarterly Sales Trends |
|
Quarterly Inventory Trends
|
![Quarterly Inventory Trends]() |
| Quarterly Inventory Trends |
|
| Marco Island - Single Family Homes |
On Marco Island, Cindy Carroll, Carroll & Carroll Appraisers, did a recent presentation to a group of Realtors at one of my listings.Below reflects the market statistics for September 2010 to September 2011 for single family homes on Marco Island.
| |
Properties for Sale
|
Pending Sales
|
Closed Sales
|
|
Inland Homes
|
86
|
19
|
105
|
|
Water Indirect Homes
|
111
|
28
|
132
|
|
Water Direct Homes
|
152
|
17
|
126
|
Note: Data taken from Cindy Carroll's presentation "Market Statistics As A Reflection of Supply and Demand."
At that presentation, Ms. Carroll stated that water indirect and inland homes are showing a "balanced" market.This means that Closed Sales for the past year are the same or higher than the amount of properties currently for sale.In a "balanced" market, the historical trends show that you should not experience any further price depreciation and possibly experience some price appreciation. For water direct homes, the market is nearing a "balanced" market.
|
| Naples, Bonita, & Estero Market Update |
|
Closed sales units for the third quarter increased slightly over the third quarter 2010. Closed sales above $2,000,000 remained strong and posted a 26% increase over third quarter 2010.
Inventory is down in every price segment for both condominiums and homes, with the exception of condominiums priced above $5,000,000, which is level with the third quarter 2010. The largest decrease occurred in condominiums priced between $2,000,000 and $5,000,000, which decreased by 27%, and homes priced above $5,000,000, which posted a 24% decline.
For more detailed information, reference the following link:
|
| Overall Positive News in Real Estate |
While the overall news is positive for the real estate market, the current market conditions show "hyperlocalism" which means there are different aspects which are much stronger than other areas. This means sales may differ within "stacks" in a condominium, product type in a community, and/or price points.
Before embarking on a real estate transaction, be sure to find a Realtor knowledgeable about how different factors impact your property search or sale.
|
|
|
|
|
Information for your consideration
|
Click Here for Natalie's Featured Listings
Recommendation by Natalie's Customer
Natalie demonstrated a superb knowledge of the local real estate market; and via e-mail, fax, and phone calls, she provided us with market comparisons and kept us abreast of activities regarding marketing, open houses, and interest in the home in the Estates of Marco Island. Natalie was "hands on" with every aspect from listing the home over the Labor Day weekend to the closing during the second week of December. Because of her honesty, personal integrity, and expertise, we highly recommend Natalie Kirstein to anyone who is in the market to buy or sell property in the Marco area.
Dr. and Mrs. James Jarman, Murfreesboro, TN
John R. Wood Realtors is selling the priciest homes in Southwest Florida -
|
|
John R. Wood REALTORS
Consistently Ranks as one of the Top Real Estate Companies in the U.S. & Southwest Florida!
For your comprehensive property search on Marco Island and Naples,
![Natalie Header - last revision]() |
|
|
