Thursday, March 21, 2019

Homes Sales Steady

REAL ESTATE REPORT

 

 

Home sales were steady, and condo and lot sales declined in February compared to February 2017. One-hundred fifty-three (153) new listings came on the market in January, down 19% from a year ago. The inventory of homes, lots and condos for sale totaled nine-hundred seventy-six (976), down 16% from a year ago. A total of sixty-six (66) properties sold in February, down 22% from last year. Total dollar sold volume was $45.7 million, down 23% from last year.

February 2018 statistics

Homes

There were three-hundred twenty (320) active home listings in February, down 23% from February 2017. Thirty (30) homes sold for $25.4 million compared to twenty-nine (29) and $30.2 million last February. Sales prices ranged from $300,000 to $2.1 million. Median price of a home sold on Marco Island in February was $721,500. Sixty (60) new listings came on the market in February compared to sixty-eight (68) last year. List prices for a home on Marco Island range from $335,000 to $7.2 million.

 

 

Condos

Inventory for sale was three-hundred fifty-three (353) condos in February 2018, down 15% from last year. Thirty (30) condos sold for $17.9 million compared to forty-three (43) units and $21.3 million last February. Sales prices ranged from $110,000 to $1.45 million. Median price of a condo sold on Marco Island in February was $488,000. Sixty-nine (69) new listings came on the market compared to eighty (80) last year. List prices for a condo on the island range from $110,000 to $8.5 million.

Lots

There were three-hundred three (303) lots for sale on Marco Island in February 2018, down 9% from last year. Six (6) lots sold for $2.4 million compared to fourteen (14) and $7.8 million last year. Sales prices ranged from $180,000 to $975,000. Median price of a lot sold on Marco Island in January was $313,000. Twenty-four (24) new listings came on the market compared to forty-one (41) last year. List prices for a lot range from $55,000 to $5 million.

As usual there is a wide range of properties for sale on Marco Island. Please check with a local Realtor® to help you find that just right property.

Written by Gary Elliott, President, Marco Island Area Association of Realtors ®. Call the Association at 239-394- 5616 or visit www.marcorealtor.com. Data courtesy of Marco Island Area Association of Realtors® Multiple Listing Service.

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