|
Marco Island's strong real estate market ended up with additional boost with two positive articles about our beautiful island in paradise. First, TripAdvisors rated Marco Island as the #1 island in the United States and #4 in the world: Best Island in the United States.
Second, a recent study published by CoreLogic reflected anticipation of double-digit gains in housing prices for Southwest Florida (as reported in the Naples Daily News).
Another positive article which inadvertently impacts Marco Island was featured in the Wall Street Journal on February 14, 2014, "Vacation Homes that Invite Shop Talk." The article focused on how vacation homes sales in the U.S. are rebounding. Mark Zandi, chief economist at Moody's Analytics, stated "I expect close to double-digit gains in second-home prices this year."
The Marco Island Real Estate Market for February 2014 was on "fire" with gains in pending sales (under contract) and continued declines in inventory. Closed sales were down slightly by 8 properties or down 8.42%. The slight decline in closed sales comes on top of extremely strong closed sales report for January 2014 where Marco Island experienced a 41.9% sales increase.
| |
February 2013
|
February 2014
|
%Change
|
|
Pending Sales/
Under Contract
|
124
|
176
|
+41.94%
|
|
Closed Sales
|
95
|
87
|
-8.42
|
|
Inventory
Properties for Sale
|
1284
|
1137
|
-11.45%
|
All of the positive news reports can only help Marco Island's real estate market with continued growth, which is already evident for the first half of March 2014.
When Buying or Selling on Marco Island, call Natalie Kirstein, John R. Wood Properties, phone 239-784-0491 or e-mail NKirstein@JohnRWood.com.
Best wishes,
Natalie Kirstein
Highest Priced Condominium Sale in 5 years on Marco Island
|
Comments (0)Subscribe to CommentsComment