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When Buyers and Sellers are looking at the real estate market, they often focus on national reports of the overall market neglecting the fact that each market is unique. Even within local markets, we see different properties moving at a different pace than other areas of the market. |
Marco Island Update |
Figure 1a - Marco - Four Year Sales History with May 2009 Pending Sales On Marco Island, reference the Figure 1a. which shows the following information:
For condos on Marco Island, the condominiums with the strongest closed and pending sales activity in 2009 can be found in the following areas: |
Naples Update |
Figure 2b. Naples - Four Year Closed Sale History
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Buyers & Interest Rates |
Where are the buyers coming from in the local markets?
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Economists & Predictions |
On CNNMoney.com, Tom Kunz, CEO of real estate broker Century 21, stated that gloomy economic news may deter buyers at this time. Kunz said "timing the market that way is often a mistake. Not only can buyers miss the bottom but mortgage rates can rise from the current low rates and the increase could wind up costing consumers money." |
Conclusion & Article Links |
Where do you foresee the real estate market going in the near future? Are you optimistic or pessimistic? Send us your thoughts at NatalieK@PremierMail.net. |
Premier Properties of Southwest Florida, Inc. REALTORS Marco Island, Florida |
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