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Tagged : Marco Island Short Sales

Found 1 blog entry tagged as "Marco Island Short Sales".

Marco Island Foreclosures

The inventory of foreclosures on Marco Island has been steadily shrinking over the last year.  It's great news for our market. While Marco Island had a relatively low foreclosure/total sales ratio, foreclosures still brought down the broader market.  With the foreclosure inventory drying up, prices will naturally rebound.  We've already seen this in condos and lots.  Prices have popped a little this summer.

What has been described as an "over-correction" seems to now be righting itself.  Just as the market spazzed-out from 2004 through 2007,  it overreacted in the other direction as well.  This has resulted in a huge buying spree that has continued into our off-season on Marco Island.  We are seeing value-buyers in droves grabbing up anything that

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