Island Life on Marco Island, Just Minutes from Naples, Florida
A New Home by Nova Homes of South Florida on Marco Island
Marco Island – “Island life and the beach at Tiger Tail offer a remarkable experience”
Hooray for Marco. Inventories improved again to 10 months and the market is now supportive of some price increases. Houses and condos may be less pricey here compared to Naples and include incredible boating, golf, tennis and beach lifestyles. There is a lot to love about Marco Island.
What we continue to find interesting on Marco Island is the luxury single family home market – defined as properties above $2,000,000. Many of these properties offer incredible bay views and yet inventories are 16 months+ and prices should fall. If you like the Island the market should adjust and you could find some real deals here.
And the story on new construction? The big market dynamic of new construction continues and perhaps we are now overbuilt slightly. It is tough to capture real data from the developers but the scuttlebutt is “we are a little far out over our skis” meaning overbuilt. There are an estimated 18 new communities in Collier County at a variety of price points with some fantastic floor plans. Developers offer some nice incentives to encourage sales. If you are considering new construction right now, this is a good time to be looking.
So our market is built momentum right through tourist season. Will the international buyers look past the strong dollar and deliver a strong summer real estate season? We will see. Just what we would need to keep the new momentum going!
Nova Homes of South Florida is building beautiful custom homes on Marco Island, Naples, and Golden Gate Estates, Florida. For more information call 239.307.6116 or visit www.novahomesbuilder.com