Marco Island Real Estate: February Pending & Reports SOAR!

By
Real Estate Agent with John R. Wood Realtors

 

  

Subject: Marco Island Real Estate: February Pending & Reports SOAR! REVISED


 

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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

 

   

 

                   

Chart A. February Closed Sales Trends 

The green column represents February 2014

                   

  

  

                   Chart B. Inventory Trends            

                   

  

  

 

 

  

  

 

 

For a detailed market report for a specific neighborhood, property type, or condominium, contact Natalie Kirstein, John R. Wood Properties, e-mail NKirstein@JohnRWood.com, or call 239-784-0491.

 

 

Natalie is Selling Marco Island's Most Luxurious Properties

 

162 South Beach Drive, Hideaway Beach, List Price $8,900,000: 

 Virtual Tour 162 South Beach - Hideaway

 

Riviera Building 5000 #734, Hideaway Beach, List Price $2,100,000:

  Virtual Tour Riviera 5000 #734

 

Prince #402, List Price $1,125,000: Virtual Tour Prince 402 

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Why contact Natalie and John R. Wood Properties for all of your real estate needs?

  • Top Producing Realtor on Marco Island - over $19M in individual sales in 2012 - Natalie Kirstein
  • Highest Priced Condominium Sale on Marco Island since 2009 - sold by Natalie Kirstein
  • 2012 Top Producer Award  - Women's Council of Realtors
  • 2012 Emerald Sales Award - John R. Wood Properties
  • President's Advisory Council - John R. Wood Properties

 

Disclosure: Based upon sales reports and data provided by the Marco Area Association of Realtors, from January 1, 2005 to January 31, 2014.  All data is not deemed reliable or accurate.

 

 

 

 John R. Wood Properties

E-mail: NKirstein@JohnRWood.com  

Direct: 239-784-0491

 

For your comprehensive property search on Marco Island and Naples,

go to:  www.MarcoIslandNaplesProperties.com

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