The first quarter of 2021was indeed a positive one for realtor Cathy Rogers of Premier Sotheby’s International Realty, Marco Island.
Rogers was the buyer’s agent for the single-family home fetching the highest sales price so far this year, a three-story, beach-front dwelling that was purchased for $6 million in January. The home is located along South Beach Drive in Hideaway Beach.
“It was built in 2007 and no one moved in,” she explained. “It’s been off and on the market for 13 years. It’s beautiful, stunning, over 5,000 square feet under air, four bedrooms, four and a half baths plus a den, terraces overlooking Hideaway Beach. Never miss another sunset from this home. It’s just stunning.”
In March, the luxury real estate specialist closed out the quarter with another big sale, this time a $4.3 million transaction for a four-bedroom, four-bath, roughly 5,000 square-foot abode off Sea Dune Lane on the Gulf of Mexico in Hideaway.
Market leading, seven-digit sales are not uncommon for Rogers, who is a member of Premier Sotheby’s International Realty’s Million Dollar Guild.
At the end of 2020, she was the agent for the highest priced condominium sold on Marco since 2018, which closed for $5.1 million. And her $4.1 million single-family home sale was also one of the highest that year.
2019 saw Rogers rack up a $5 million single-family sale that was one of that year’s highest. She also handled the sale of the highest priced, single family home in 2016, which was bought for $5.4 million. She also held that title for 2015, for a $7.5 million transaction.
“It’s not three consecutive years, but it’s three years, which is exciting for me,” she said. “So far this year, I am the highest, but that might change.”
Overall, said Rogers, Marco’s real estate market is booming, regardless of price range. She said that year to year, active listings were down 66 percent for February, while total sales for houses, condos and lots, were up 83 percent.
“I think the pandemic has brought people out of the big cities,” she explained. “They can work remotely and people would rather be near a beach than in a city. I think that’s what happening. It’s definitely a seller’s market right now.”
The coronavirus pandemic briefly interrupted what was shaping up to be a banner year for Marco Island real estate, with a shutdown that lasted approximately six weeks, she said. When the office reopened, the surge continued and it hasn’t stopped.
“The phone started ringing, it’s just been insane,” said Rogers. “You can’t keep listings on the market. And when you do get something on the market, a lot of the good properties are being bid up, which is just amazing.”
As an example, she cited a Cape Marco condo she was handling that attracted four offers the day after it was listed, each of them exceeding the asking price. Rogers said that while prices have been on the upswing, they’re not “skyrocketing” as they did in 2004 and 2005, prior to the most recent recession. The average sales price for February was up 6.44 percent for February, as compared to the same month in 2020, a rise she described as “healthy.”
Regarding the outlook for the rest of 2021, Rogers is optimistic Marco’s real estate market will continue to thrive.
“I don’t see it changing any time soon,” she said. “It’s good for us. It’s good for our community. People are appreciating Marco Island and what it stands for, and they’re loving our beaches, our restaurants, our small communities, and our shopping. It’s definitely been found, trust me.”