by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Are you looking to purchase a home, condo or lot and don’t know where to start? Do you have tons of questions about the process of purchasing a home and aren’t sure who to ask? You aren’t alone and Harborview Realty is the perfect place to start. Here at Harborview, we will walk you through the entire real estate process from selecting a home, to helping you find the right mortgage lender for you to helping you find the correct insurance agent. Our real estate team is full of experienced agents who have helped people in all sorts of circumstances from the first time buyer to the saavy investor and just about everyone in between. So next time you have a question, reach out to us! Whether you are looking for some information about the latest market conditions or saw something in one of our ads and would like more information, we would be glad to help answer all of your real estate questions.
by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Hello Everyone,
Have you ever talked to a real estate broker or sales person and ever felt lost when they talked in their jargon? You hear terms like LTV and PITI, or CDD and while you may have heard the acronym, you do not know what it really means. In addition to the acronyms, the same can be said for the absorption rate so we wanted to take a moment and break it down for you. So first off, what does the absorption rate do? For those in the industry, it is a barometer to figure out how long it will take to sell the current inventory in a specific market.
For example, if we wanted to figure out the probability of single family homes in Marco Island selling, lets take a look at the past 6 months. There were 160 closed sales and 349 properties entered. If we divide 160/349 we figure there is a 46% probability of a sale of single family homes in Marco Island.
For condos, the numbers are very similar. Over the last six months there were 189 sales and 412 new entries which also comes out to 46%.
For lots, there were 59 sales and 161 entries for a probability of 37%.
Do you want more information about the absorption rates and probability of selling in Marco Island? Contact us today!
by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Did you know that there were 16 sales of waterfront homes in January, 2017? These 16 homes sold for an average price over $1.3 million. Remember, waterfront homes in Marco Island come in two forms, direct access and indirect access. Direct access homes do not require you to go under any bridges to reach open water, while indirect access means you have to pass under at least one bridge. The lowest priced sale was $625,000 while the high end was $4 million. This is right on pace with our past few seasons as you can see below. Are you looking for more information about waterfront homes in Marco Island? Reach out to us today!
by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Good Morning Everyone,
Today we wanted to take a moment and share with you the recent trends in beachfront condominium sales here on Marco Island. This January, there were 16 sales. This is right on par with the last few years as you can see in the graph below. The selling price varied greatly this month with the low end sale being $395,000 and the high end at $3,650,000. It just shows you the range of options you have if you are looking for beachfront option here in Marco Island. Do you want more information regarding sales in our area? Contact us anytime!
by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Good Morning,
Today we wanted to take a ride off of the island up to one of our favorite communities, Lely Resort. Lely is a fantastic community because of its size and ability to fit the needs and wants of so many people. Inside of Lely Resort, there are dozens of styles of homes to choose from. Whether you prefer townhome living, single family living or traditional condos, this community has it all. In addition, there are 2 golf courses inside the community that are open to the public. There is also a terrific restaurant in the community and a dozen more just in the area immediately surrounding the community. In January, there were 12 sales in the community and those sales ranged in price from $165,000 to over $1 million dollars. Even better for potential buyers is the fact that there are currently 278 listings in the MLS in Lely Resort. Want more information regarding Lely Resort? Contact us anytime!
by Reilly McGregor | Oct 11, 2017 | Marco Island Stats
Good Morning,
Did you know that there are currently 179 active listings in Fiddler’s Creek? This is quite an impressive number and for buyers, this is fantastic news. Whether you are shopping for a condo under $200,000 or a house over $2 million, Fiddler’s Creek has it all. From the moment you step foot inside the guarded entrance you are certain to be impressed. The combination of the immaculate landcaping coupled with the natural beauty of the natural habitat surrounding the community is nothing short of impressive. The Fiddler’s Creek community also has one of the nicest clubhouses in all of Naples and includes a full gym, full spa, restaurant, pools and hot tubs and so much more. In addition, there are two championship golf courses on property.
This January, there were 17 sales in Fiddler’ Creek. This is far ahead of the pace in the past three years which is exciting news! Looking for more information about Fiddler’s Creek? Contact us anytime!
