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SWFL Market Watch - Run on the Low End

Posted by Dan Boyle on Saturday, August 4th, 2012 at 1:10pm.

Affordable Homes Marco Island Naples

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 going up.  Six months ago, there were condos on Marco listed in the $50s.  If you want a unit in the same building now, you'll pay 20-30% more - and that's still cheap!

For the broader Marco Island real estate market, it looks like this is just more evidence of the bottom hardening into a good foundation for future growth.

5 Responses to "SWFL Market Watch - Run on the Low End"

Deal of the Week - $43,900 wrote: [...][...]

Posted on Thursday, August 9th, 2012 at 8:53am.

Spring in to Action on Marco Island wrote: [...][...]

Posted on Monday, August 13th, 2012 at 1:08pm.

Just Sold - 35 Covey Lane wrote: [...][...]

Posted on Friday, August 17th, 2012 at 9:55am.

Most Popular Listing This Week wrote: [...][...]

Posted on Tuesday, August 28th, 2012 at 9:49am.

September 10th - Most Popular Listing of the week wrote: [...][...]

Posted on Monday, September 10th, 2012 at 8:43am.

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