Dear Friends and Neighbors,

I have got some great news! Our market appears to be stabilizing and on the road to recovery. Hooray!!! Here on the Islands we were fortunate during this difficult market to not be hammered with so many  foreclosures and short sales as seen in neighbooring towns such as Ft. Myers and Naples. What we did see was a leveling off and return to more realistic pricing.

Here are some great statistics as provided by our San-Cap Board. July 2008 was up 9% over  July of 2007 for condominium sales. There were 13 condo closings as compared with 7 from last year. June closings for condos were up 22% over June of 2007.  There were 24 condo closings as compared with 15 from last year. In the entire county the foreclosure rate is down too.That is good stuff! Time to rebuild. There is also historical evidence that the dollar is going to turn as reported by The New York Times last week!
Here is another interesting fact. Did you know that in 2007 33% of all home sales nationwide were either vacation or investment property. Hummm..
I am so excited about the upcoming season. Now is the time to buy!