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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 Read more…