Tight Inventory In Luxury Marco Island Real Estate Market Boosts Interest In High End Homes

As Marco Island home inventory tightens due to historically low prices and interest rates, more buyers are being quietly priced into, rather than out of, the luxury home market, according to local Realtor Mike McCarty of The McCarty Group.

He says steady pricing pressure in recent years due to the mortgage crisis and U.S. economic factors has made luxury Marco Island real estate far more accessible to the average home-buyer than it used to be. This is bringing a new generation of luxury home owners into the market.

"Where we used to see the market regularly pricing people out of the more exclusive properties, we're actually seeing the opposite right now. Buyers are being priced into the luxury market."

McCarty says that it is not difficult any more to qualify for financing on desirable beachfront Marco Island condos, with prices currently starting at $114,300 for a studio and $229,000 for two bedroom beach front condos.

He says that a common question he gets is "How much does $500,000 buy?"

"Detached single family homes on the beach are more limited in supply, with only five on the market at the moment. As a result, they always command a premium, but with the least expensive coming in at $4.1 million, the price is still millions of dollars cheaper than five years ago."

"For single family homes, $500,000 buys over 2400 s.f. with 3 bedrooms and 2 baths in the River neighborhood of Marco Island. For condos, it buys you a luxurious beachfront condo with about 1130 s.f. and 2 bedrooms and 2 baths."

For those considering buying a luxury property, McCarty says the already low interest rates reached new lows this week, falling to a national average of 4.59% according to Yahoo Finance.

"When I look at the market, I see amazing deals everywhere. There's never been a better time to buy Marco Island homes."

For more information:

Mike & Wendy McCarty
The McCarty Group
Keller Williams Realty
713 Bald Eagle Dr
Marco Island, FL 34145
239.970.3250 
877 804-0577 toll free

Naples and Marco Island Real Estate:
http://www.mccartyflorida.com

Mt Hood Real Estate Agent Launches Photo Rich Website With Real Estate Search Engine

Mt. Hood, OR – Blythe Creek, a longtime resident of Mt. Hood and local real estate agent, has launched a new website with photos of the mountain along with state of the art real estate search tools.

According to Creek, the website is the culmination of years of experience representing buyers and sellers in real estate transactions on Mount Hood.

"For buyers interested in Mt. Hood real estate, our website helps provide useful information about the different towns and neighborhoods that make up this wonderful community. We provide photos, history, and of course, real estate listings so they can find their dream home."

She says the community is made up of both year-round and seasonal residents. Some live and work in Portland, but have found the perfect Mt. Hood cabin for their family getaways in the summer, or ski trips in the winter.

"Many of our seasonal residents who were introduced to the area when they bought a Mt. Hood vacation home, eventually decided to live here full-time. It is a wonderful place to live."

Creek says her new website at http://www.mthoodrealestate.net provides photos and detailed real estate search tools to help prospective residents find the perfect property.

"Whether a buyer is looking for a creek-front cabin or acreage for their horses, MtHoodRealEstate.net will help them find it."

About Blythe Creek

As a long time resident of Mt. Hood, Blythe Creek knows not only the people, towns, and neighborhoods, but the hiking trails and many breathtaking views available to Mt. Hood residents. She will be your guide to finding your dream home on the mountain, whether you are looking for a seasonal vacation home or a year-round residence.

Blythe Creek
Merit Properties, Inc.
P.O. Box 380
Welches, OR 97067
503-706-7101
http://www.mthoodrealestate.net

Do It Yourself Property Management Costs Owners More Money Says Mountain View Real Estate Manager

Mountain View, Calif. - Doing it yourself may not pay off when it comes to investment property management, says long timeMountain View property manager Jerry Garrity of First Statewide Realty.

According to Garrity, whose experience in Mountain View property management spans over 21 years, statistics show that most owners who try to save money by handling management tasks themselves actually end up losing money. He says there is a lot more involved in managing rental property than most new investors realize.

"First and foremost, good property managers have a lot of experience screening renters to get the best ones. If this isn't done well, than nothing else matters."

After that, Garrity says there are many important things that a professional management company does on a monthly basis, such as collect rents, keep the home maintained properly, and keep costs at a minimum.

“Experienced real estate investors use experienced property managers for one reason: Because it makes financial sense.”

He says that since many property owners are new investors as a result of circumstances in the housing market or a job relocation, many make the mistake of underestimating the value of good property management techniques that come only by experience.

"Managing real estate involves coordinating people, money, time, and other resources. As a result, a property manager in Mountain View like First Statewide Realty, which has the benefit of 21 years of experience in the field, actually makes their clients money."

Garrity says that there is nothing wrong with the do-it-yourself attitude in life, but notes that there is a reason seasoned investors are not do-it-yourself-ers when it comes to property management.

"Experienced real estate investors use experienced property managers for one reason: Because it makes financial sense."

About First Statewide Realty

First Statewide Realty is a professional Mountain View property management company specializing in quality single family homes, condominiums, town houses and other investment property in the greater San Jose metropolitan area. The Cupertino property management firm has been in business for over 21 years, and is a member of the Santa Clara County Association of Realtors, Silicon Valley Association of Realtors, National Association of Realtors, California Association of Realtors, Tri-County Apartment Association and National Association of Residential Property Managers.

Contact:

Jerry Garrity
First Statewide Realty
20045 Stevens Creek Blvd.
Suite 2-D
Cupertino, CA 95014
Tel: 408-253-1000
Lic#: 01036982
Email: investments@firststatewiderealty.com
http://www.firststatewiderealty.com