North Captiva Real Estate Market Improving

The North Captiva real estate market is definitely showing signs of improvement. In 2010, there were 23 sales. It is May 29, and the island has already had 24 closings with more deals scheduled to close in the coming weeks. Furthermore, the pace dollar amount of sales is already more than 50% higher than last year as the island should cross $10 million + in sales soon. This could be a record year for the island... it definitely is for our firm.

For now, prices still haven't turned higher as the foreclosures and short sales have continued to keep pressure on prices... but there is no way they cannot if the current demand continues at this pace for long enough. Eventually, there will be no short sales and bank owned properties left, and less impatient sellers.