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 were forced off the island in years past can actually afford to live close to their employment.
The pricing combined with the low interest rates makes the a momentous time in real estate in general and a spectacular time to buy in Florida, especially Marco Island. We're seeing more buyers this summer than we have in years. If you've considered selling, now is a great time to take advantage. Inventory is low. Rates are low. Demand is high. Call The Boyle Team if we can help.