Affordable Homes

Since the beginning of last week, nine affordable condos have been listed on Marco Island.  By affordable I mean, condos priced under $200,000, which on Marco Island is a steal.  Let's take a look at where these condos are located.

Two were located in Anglers Cove which is off of Bald Eagle Dr., on the Marco River.  Both are 1BR/1BA with 717 square feet with one priced at $119,000 and one at $138,000.  The higher priced unit is located in the much sought after building "B" but other than that, they seem very similar.  Aquarius also has two new listings; one at $99,900 and the other at $114,900.  In this case, the more expensive unit is an efficiency with less square footage than the lower priced unit.  It is nicely decorated and since it's turnkey,

I've written a couple articles about this lately and I'm doing it again just to emphasize an important point.  The lower priced stuff is being gobbled up, so fast it'll make your head spin.  Regardless of the price range you may be interested in, this is an good indication of market sentiment.  We have customers coming in daily looking for inexpensive property to hold, rent out or use as a second home.  Everyone realized the market bottommed sometime in the last year and now they're afraid that these prices will be gone if they don't move quickly.  They're right.

Of six houses I wanted to show a recent customer, four had gone under contract in the last week.  This is amazing.

So, the lowest priced stuff available in Naples and Marco Island keeps

If you love Southwest Florida and you'd like to spend less than $100,000 on your home here, you have two choices: a manufactured home or a condo.  Finding an affordable Marco Island home under $100,000 was impossible a few years ago.  Today, there are some incredible options even as low as $50,000.  They are rare and disappearing by the day but you can still find them.

Just inland from Marco Island are several mobile home communities that are fantastic.  These well-maintained, friendly neighborhoods have everything you dream of.  Do you want a swimming pool?  We have them.  Do you want to live on a lake?  Done.  We even have one community with its own boat ramp and access to the Gulf of Mexico. Anyone that thinks you are giving something up by choosing

After the roller coaster ride home values in Florida and other parts of the country have been on, everyone is always looking for any indication of future market trends. We've heard "when the expensive stuff starts moving we're going to see a recovery.  That's a good one and I have another good one.."when the price of the cheapest houses available on the island start rising, we'll be in a recovery."

Well, that time might be now.  It seems that almost any listing priced under $250k is hot by virtue of it's price alone.  What's more is houses under $200k have all been gobbled up. Investors figure that a house on Marco for $200,000 is a no-brainer.  The only question is will it double or triple in value over the next few years.  Lower income buyers who