Wednesday, July 15, 2020

Home Ownership: The Right Move

According to the results of an NAR survey conducted by Harris Interactive, a substantial majority of home owners as well as renters agree that owning a home is a smart long-term decision.

In fact, 95 percent of owners and 72 percent of renters believe that over a period of several years, it makes more sense to own a home. Of those home owners surveyed, 93 percent are happy with their decision to own and would buy again.

According to Bill Filbin, President, Marco Island Area Association of Realtors®, now is the time to buy on Marco Island. Buying activity for Marco Island only property is up from a year ago. Marco Island MLS statistics show total all property types closed was up 25% from a year ago, January 2010 to January 2011 comparison. Average sales price was also up 15.95% in the same year-to-year comparison and median sales price was up 13.38% in the same comparison. Total sold dollar volume was up 44.94% January 2010 to 2011.

At the same time, total new listings coming on the market, all property types, are down from a year ago by 4.39%. Total active listings, all property types, is also down from a year ago 3.80%. Pending listings are up for all property types year-to-year by 68.89%. Months supply is an important consideration when describing market conditions. Now is the time to buy on Marco Island!

Lastly, meet the neighbors and find your Florida dream home at the same time by taking part in Florida Open House Weekend, set for March 26-27, 2011. Realtors will host open houses on behalf of home sellers in neighborhoods and communities on Marco Island giving buyers a rare opportunity to visit many homes for sale in just one weekend. Don’t miss out.

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