Here's a little something to get you thinking. According to the Marco Area MLS (Marco Island Only) for six months (1/1/2011 through 6/30/2011) the number of transactions for home and condo sales has increased 17% versus last year same time period. During the same time period the number of distressed sales (bank owned or short sales) has decreased 4%. Said another way the market share of distressed property sales has decreased in the first half from 19.6% in 2010 to 16% in 2011. Now that's some big news!
The MLS statistics also indicate that the average sale price and median sale price have increased. Oh and inventory has declined as well. We are seeing some positive trends beginning to take place. Great news for this amazing island in paradise.Labels: Cape Marco, Marco Island, real estate
