The economy may be facing some challenges, but that didn’t stop many buyers from investing in vacation properties last year. The National Association of Realtors® 2010 Investment and Vacation Home Buyers Survey shows vacation home sales rose 7.9 percent to 553,000 in 2009, compared to 513,000 in 2008. Susan Ackerson of Marco Island Area Association of Realtors stated, “Statistics from the Marco Multi-List Service, Inc. show the median sale price of a single family home on Marco Island in June 2010 was $545,750, up 21.28% from May 2010, and up 4.15% from June 2009.”
“The average sale price for a single family home was $696,089 in June 2010 compared to $685,339 for May 2010. The average sale price for all properties sold increased from May 2010 to June 2010 from $492,922 to $502,598 respectively. Active listings for Marco Island only properties decreased 2.80 % from May 2010 to June 2010 and decreased 5.51% from June 2009 to June 2010,” Ackerson continued.
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