The McCarty Group, the leading Marco Island real estate team with over 60 years experience selling local real estate, has released their Market Activity report showing higher numbers of closed transactions in 2010 vs. the same period in 2009.
Online PR News – 20-September-2010 – – Marco Island, FL - The McCarty Group, the leading Marco Island real estate team with over 60 years experience selling local real estate, has released their Market Activity report showing higher numbers of closed transactions in 2010 vs. the same period in 2009. The report also indicates a month-to-month trend of improved sales figures during the 2010 summer season.
The Keller Williams Realty team headed by Mike McCarty says the increase in sales activity is good for homeowners who want to sell but have been waiting for the right time.
"Many homeowners have been lulled into inaction by scary sounding headlines about the real estate market and the economy, but the reality is that even in this market, homes are selling and people are buying."
McCarty says recent sales data show a 21% year-to-date increase in closed transactions for single family homes, condos, and residential lots. This is slightly less than the Naples increase of 28% over 2009 YTD sales, but is still significant, according to McCarty.
He says that one factor moving the market is the record low interest rates, currently in the 3% range for a 30 year fixed rate home loan.
"Most homeowners have never seen interest rates this low. The low cost of borrowing gives an enormous boost to buying power for someone interested in purchasing a new home right now. Many families are seeing this as a very good time to move."
He says the great thing about the low rates is that they are available for fixed rate mortgages, not just the risky Adjustable Rate Mortgages (ARMs). That means buyers can lock in these low rates for 30 years and keep their payments at record lows.
McCarty says another less well-known factor in the market is the currency exchange rates, which are favorable to buyers from the U.K. and Europe.
"British buyers are able to purchase Marco Island condos at discounts of 36% due to the strong British pound sterling. French and other Europeans buying Marco Island homes with the Euro see discounts of 23%."
McCarty says that Marco Island is also a popular second residence for Canadians fleeing the northern weather for the sunnier climate of Southwest Florida.
"Snow birds make up a good percentage of our home sales. A sizeable number of Marco Island FL homes for sale go to our friends from the north each year who discover Marco Island to be a warm, welcoming community."
About The McCarty Group
A graduate of Central Michigan University, Mike McCarty has made real estate his lifetime career. Mike launched his extremely successful career in 1988 in Michigan where he went on to own and operate a Century 21 franchise with over 75 agents. Mike & Wendy have made Southwest Florida their home since 2001 at which time Wendy joined Mike & his real estate team. Together, they and their group of five full time agents have once again risen to the top as the #1 sales team year-to-date. The best of the best, this team gives 100% of themselves to their clients each and every day.
For more information:
Mike & Wendy McCarty
The McCarty Group
Keller Williams Realty
713 Bald Eagle Dr
Marco Island, FL 34145