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Boca Grande- South West Florida
Season is here and so far the market has been consistent with our historical record. It seems about every other year we have a slow January. Interestingly that has been a good sign in the past. In past years we have enjoyed record and near record sales on years with a slow start.
This year feels the same way, for the most part the economic indicators are positive. We have seen a rise in interest rates but that rise is at least now of little concern because we just came off the lowest mortgage rates ever, and to those that can pay their payments and have a good credit history rates remain low. Here is where the real good news comes in. For the past few years we have seen a general increase in pricing, some parts of the island more than others and with that there have even been sectors with drops. I put the blame to the recent price drops to those properties incorrectly priced from the beginning and now they have come down. What this activity has done is brought new sellers to the market so we have a good inventory of properties to choose from. If you have been considering buying or selling its time. With all of the showings going on and interest in Real Estate I see an exciting few months ahead.
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