Angler's Cove is a great boating community that affords owners the ability to have weekly rentals.  There are only a handful of condos on Marco Island that allow the weekly rentals.   So usually this condo has been popular with Investors.  This is a boating community with boat docks available for the residents here.  There are tennis courts, pools and spas dotted in the property.  Centrally located on the Island there are shops and restaurants within walking distance.There are two bedroom and one bedroom units in this complex, some have covered parking and there are some with a cabana which make them more desirable.  Not much has happened in this complex lately, so to have two sales already is a great thing.  It shows that there are buyers out there!  Unfortuantely, it also shows a sig... 02/16/2007

 Angler's Cove - Marco Island, Florida Market UpdateSunsets on Marco Island are wonderful this time of year!  You could be here enjoying them yourself if you owned here on Marco Island!   So here is a great community to think about purchasing in so you too can enjoy the sugar sand beaches of Marco Island!Since my last Market Update, there have been some changes, and you can see all my previous posts about Angler's Cove including photos and stats here on my BLOG.Here is what is happening in this Boating community on the Marco River:There are 22 Active 1-bedroom units on the market with an average list price of $343,659 and average days on the market of 113.There is only one pending 1-bedroom unit at this time, and it was listed at $269,000 and was on the market 55 days when it went pendi... 01/16/2007

  Happy Boxing Day!   It has been a busy December for me so my Market Updates have fallen behind.   So I will be doing something about that today...   Since my last update for Angler's Cove, there have been some sigificant changes.Since July 2006 there have only been two sales and in July there were 16 1-bedroom units and 9 2-bedroom units available in Angler's Cove. There are currently 26 1-bedroom units for sale in Angler's Cove, that is an increase from 19 units on November 1st.There are currently 11 2-bedroom units for sale in Angler's Cove, which is the same number since November 1st.Average Sold price for 1-bedroom units this year is $273,125 with a total of 8 sold year to date and none pending at this time.Average Sold price for 2-bedroom units this year is $475,000 with a total ... 12/26/2006

One of the Spas at Angler's Cove What can I tell you that is new?  Well there were 6 new listings in Angler's Cove this month, 6 units had price changes, 1 went back on the market in October and we had one closed sale in October (1 bedroom unit sold for $370,000).  The good news--it is getting cold up North, and the snow birds are back.  It appears that they are also back a little earlier than last year!   So I look forward to seeing what happens in November! There are 19 1 bedroom units available with an average list price of $331,395There are 11 2 bedroom units available with an average list price of $435,809Please view my October Market Update  for additional information and links to additional reports.  If you are interested in more information on this community or any other Southwe... 11/04/2006

I keep going back to my pricing theory when I look at communities that are not seeing the sales that they should be seeing and it appears that this is yet another example of a market correction, especially in the 1 bedroom units while the two bedroom units are performing better than my projection.        Year Average Sold Price % Change5 Year % ChangePricing Theory - Going back to 2003 and applying a 15% increase per year of average sold      Angler's Cove - 1 Bedroom - as of 10/06/062007    $   331,043.16 2006 $   256,667 -24.01%60.50% $   287,863.62 2005 $   337,767 57.94%  $   250,316.19 2004 $   213,854 12.99%  $   217,666.25 2003 $   189,275 18.36%  2002 $   159,917    Angler's Cove - 1 Bedroom     Angler's Cove - 2 Bedroom - as of 10/06/062007    $   421,666.17 2006 $   482,500 26... 10/06/2006

Angler's Cove Building N #504Listed at $399,000 Furnished 2 Bedroom/1bathsWeekly Rentals allowed at this community!Community has two pools, three spas, tennis courts and boat dock rentals!Visual Tour  Delightful Island getaway with weekly rentals on Marco Island! Updated in 2003 and beautifully turn-key furnished unit with living room extended for extra living space. 18" tile, glass front cabinets in kitchen tinted windows and doors, and wrap around kitchen counter. Angler's Cove has common docks, tennis courts 2 pools & 3 spas! Not interested in cooking -- there is a waterside bar & grill!  To view more details of this listing, please visit my website at:  www.ParadiseReport.com/anglers504For more information on the community, please see my posts on Active Rain.  If you would like more... 09/28/2006

It is Labor Day weekend and it is time to get back to basics.  I have had some time to review some stats and thought I would update this Condo's activity report.  This complex has seen a decrease on Sold prices for the 1 bedroom units while 2 bedroom is standing strong in sales price.   Of the 27 active listings:17 are one bedroom units with an average list price of $339,083There are two one bedroom units pending and 6 units have sold since January 1, 2005 with an average sales price of $256,66710 are two bedroom units with an average list price of $448,560There are no pending and 2 units have sold since January 1, 2006 with an average sold price of $482,500Of Sold units Average Days on the Market for 1 bedroom units was 183 days and 2 bedroom units was 198 daysTo see additional informa... 09/02/2006