As we roll through August, it gets a little quieter on Marco Island. While some would say that August and September are the least comfortable months in terms of heat on Marco, this is relative. It certainly isn't heavenly like the winter months are but it really isn't bad at all. The average high temperature here in August is 93 degrees. It's 90 all the way up in Myrtle Beach and I can tell you from experience, Myrtle doesn't get the sea breezes we have here that seem to offset the humidity. Myrtle Beach is an sauna right now.
The real estate market gets a little quieter in August and September, too. It always seems though, that the buyers that are in town are very serious. Many of the customers we see these days are here with a real estate purchase as their primary focus. They'll worry about enjoying a vacation after they own a place here.
A theme seems to have developed. Buyers are here with the intent to pick up their property while there is less perceived buying pressure. They surmise that their chances of finding a bargain increase when there are fewer buyers in town. Perhaps this is true, perhaps not. At least in the last couple of years, if not longer, the numbers have been very consistent year round. In fact, last year, both in terms of dollars and units sold, the six months off-season were slightly more productive than the six months in season. Go figure.
Anyway, I say the time is now. Will interest rates ever be this low again? Will prices ever be this low again? We're already seeing the low-end stuff disappear and everyone is shocked at the prices some of the luxury homes and condos are bringing. If you'd like to know more, call us anytime.