WHAT'S INSIDE: APRIL 2024 SERVING MARCO ISLAND, NAPLES, PORT OF THE ISLANDS & GOODLAND
MARCO ISLAND MARKET STATS
NAPLES AREA MARKET STATS
SPOTLIGHT: BEAUTIFUL MARCO ISLAND
WHAT'S HAPPENING MARCO & NAPLES!
JEFF JONES
Keller Williams Broker
Jeff Jones is a graduate of Duke University. With several local attorneys, Broker Jeff is instrumental in writing and updating all the real estate contracts used in the Naples and Marco Island area. He is a past president and long-time board member of the Naples Area Board of Realtors. He has been a Florida Broker and Realtor since 2007.
The Southwest Florida real estate market remains stable with prices remaining steady, showing no signs of any significant downturn. This contrasts with inventory levels that have risen considerably over the past few months. In addition, the average days on the market has increased steadily because of many more choices for Buyers being added to the market. All signals from the current market indicate that we are entering into a Buyers’ market in many communities for the first time since 2020 when the pandemic began to impact our housing market.
Locally our Closed Sales average 70% in Cash. The recent Fed decision not to increase their rates has caused Mortgage interest rates to drop into the 7% range. Future planned rate reductions by the Fed have now been delayed until inflation is more under control. The continued record closings of the Dow Jones, NASDAQ, and S&P 500 may
encourage cash buyers to invest in our Market since we experience such a large percentage of cash sales.
Our local Market activity for Marco Island and surrounding areas has shown encouraging signs of improvement with increases in showings and open house activity. However, the March results did not show the expected end-of-season increase in Closed Sales. Sellers are strongly encouraged to work closely with their Realtor® to ensure their home price is precisely positioned for the current Market conditions in their community.
Our Market is significantly neighborhood and community dependent and thus using a Realtor® familiar with local conditions is essential to listing or buying your Home with the best results!
MARCH
EMBRACING THE BEACH AND WATERFRONT LIFESTYLE ON MARCO ISLAND
Nestled on the edge of the Gulf of Mexico, Marco Island, Florida, offers a pristine retreat with its luxurious waterfront lifestyle and breathtaking natural beauty. This barrier island, the largest within Southwest Florida's Ten Thousand Islands, presents a unique blend of tropical tranquility and sophisticated living, making it a coveted destination for residents and tourists alike.
The heart of Marco Island's allure lies in its stunning beaches, particularly the renowned Marco Beach. With its soft, white sand and crystal-clear waters, the beach is not only a haven for relaxation but also a hub for various water sports. Residents and visitors indulge in activities such as kayaking, paddleboarding, and jet skiing, each offering a different way to connect with the serene waters of the Gulf.
Living on Marco Island means embracing the outdoors. The warm climate and gentle sea breezes create the perfect setting for year-round outdoor activities. Golf enthusiasts enjoy meticulously landscaped courses that offer scenic views and challenging plays. Meanwhile, fishing remains a popular pastime, with the surrounding waters teeming with tarpon, snook, and redfish, providing both novice
and experienced anglers with thrilling encounters.
The island's commitment to preserving its natural environment is evident in its numerous initiatives and the community's active involvement. The Rookery Bay National Estuarine Research Reserve and the Briggs Nature Center offer educational programs and guided tours that highlight the importance of conservation and showcase the region’s diverse wildlife.
Marco Island is not just about natural beauty; it also offers a vibrant social scene. The community is known for its friendly atmosphere, where neighbors gather for beachfront barbecues and sunset celebrations. The local cuisine emphasizes fresh seafood and waterfront dining, where restaurants such as Snook Inn, Marriott, Stilts, Sunset Grille and Sale e Pepe offer gourmet dishes with a view.
Real estate on Marco Island is as diverse as the island itself, ranging from luxurious beachfront condos to exquisite single-family homes. These properties often come with boat docks, offering direct access to the open water, a highly valued feature for boating enthusiasts.
The island's charm is further enhanced by its cultural offerings. The Marco Island Historical Museum provides
insights into the island's rich history, while annual events like the Marco Island Film Festival celebrate the arts and community spirit.
Marco Island's beach and waterfront lifestyle is a blend of relaxation, adventure, and luxury. It offers a unique escape into a world where the rhythms of the ocean dictate the pace of life. For those seeking a sanctuary that combines natural beauty with upscale amenities, Marco Island presents an unparalleled choice. Whether it's engaging in water sports, enjoying the local cuisine, or simply relaxing on the beach, life here is about savoring each moment in a truly spectacular setting.
