ibrokerhomes.com » Weekly market update http://ibrokerhomes.com Marilyn Barnes - Real Estate Broker in Southwest Florida Mon, 01 Feb 2010 22:34:21 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Rebound??? http://ibrokerhomes.com/2009/04/01/rebound/ http://ibrokerhomes.com/2009/04/01/rebound/#comments Wed, 01 Apr 2009 15:57:20 +0000 marilyn http://ibrokerhomes.com/?p=129 Good morning… sorry for the delay but I’ve been busy with clients?  Oh my, I haven’t said that in a while!  The Sourthwest Florida market is moving – slowly but certainly much better then it was.  Now, the issue —-  lots of showings but not the offers we had hoped for.  The ratio of showings to offers is down but all-n-all showings are what we need to start the ball rolling so WE ARE HAPPY!!

I thought I should comment on pending sales today – hence my “rebound” title.  Currently, the stats are as follows:

  • Single Family – total 67 on Marco Island   – Price Range: $162,900 (Fourwinds) to $3,500,000 (Hideaway)
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  • 11 Homes priced well over ONE MILLION ARE PENDING !  Holy Cow !  That’s terrific news! 
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  • Multi-Family  total 55 units on Marco – Price Range: $109,000 (Wexford Place) to $2,350,000 (Cozumel)
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  • Lots:  Total 9 (in Marco MLS which includes our Naples listings) Price range:  $84,900 (San Marco) to $679,000 (Inlet Drive)

These are terrific numbers especially the value of the units that are selling.  We have, of course, the bottom dwellers who are picking up all the very very low end homes BUT we also have our “end users” who are folks seeing the absolute terrific values in the higher end homes which in past years were featured in the DuPont Registry or seen on “Cribs”!!  Homes are easily 65% of their value from a few years back… I suppose that is relative since our stock profolios are pretty much in the same boat.   I just looked at the GE stock – down 71.368% in a year !!   REAL ESTATE IS STILL A BETTER DEAL!!! 

Interesting…

Obama Needs to Be More ‘Aggressive’ on Banks, Autos, Baker Says

 http://www.bloomberg.com/apps/news?pid=email_en&refer=&sid=alVoqGR0B748

 

One more for you to look at:  U.S. Stocks Rise as Housing, Manufacturing Data Overshadow GM

 http://www.bloomberg.com/apps/news?pid=email_en&refer=news&sid=apLW87naqMwg

]]> http://ibrokerhomes.com/2009/04/01/rebound/feed/ 0 What are people purchasing on Marco Island? http://ibrokerhomes.com/2009/02/16/what-are-people-purchasing-on-marco-island/ http://ibrokerhomes.com/2009/02/16/what-are-people-purchasing-on-marco-island/#comments Mon, 16 Feb 2009 21:03:34 +0000 marilyn http://ibrokerhomes.com/?p=113 Well, it’s Monday and the weekend was very busy with showings and contracts written.  I know most of you haven’t heard that recently… but it’s true.  Currently there are 62 single family homes under contract priced from $127,900 to $3.5Million.  Pending condos (35) range in price from $135,000 to $2.260Million.  Lots just haven’t taken off yet.  Currently 5 pending sales from $184,900 to $395,000.  Interestingly, the lowest priced waterfront lot on Marco Island is now $199,900 !!  WOW!  What a deal.

Bottom-line is that price is where it is at.  If you want to sell your home – price it right.  Folks, this is not what YOU think it is worth – it is what Joe the Plumber will pay and what Countrywide and Wells Fargo thinks it’s worth! 

Buyers – name your price and see where it goes.  You never know what the sellers motivation or bottom dollar is.  Find what you want and make an offer.  It will be a win-win for both

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