Lower Priced Homes Gobbled Up
Posted by Dan Boyle on Wednesday, August 1st, 2012 at 8:49am.
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.
There are affordable homes in many areas of Marco. Check out our Marco Highlands page for some great deals or search for affordable homes on the Marco Island MLS.
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.
2 Responses to "Lower Priced Homes Gobbled Up"
Posted on Saturday, August 4th, 2012 at 1:28pm.
Posted on Friday, August 3rd, 2012 at 11:50am.