Friday, November 27, 2020

Housing Market Statistics on Marco Island Continue Yearly Upward Swing

Gerry Rosenblum

Gerry Rosenblum

Season is here and things are busy! Welcome back to our Northern friends!

Statistics for Marco Island only properties, from the Marco Island Area Association of Realtors® Multiple Listing Service show high sales activity since the beginning of the year compared with the same time frame last year.

Statistics from January 1, 2011 through November 30, 2011, all property types, show an increase of activity and price compared to the same period of time last year, January 1, 2010 through November 30, 2010.

Sold listings are up 23.67% during this comparable time frame, and pending listings are up 19.45%. Volume of sold listings is up 24.18%.

At the same time, the median sale price remained steady as well as the average sale price. New listings, all property types, coming on the market in the 2010 and 2011 year-to-date comparison have decreased by 13.08% and the average days on market have decreased by 5.02%.

In a breakdown, new listings coming on the market for both single family homes and multi-family residences decreased in the year-to-date time frame by 24.08% and 11.77% respectively.

Month-to-Month Activity Comparison – November 2010 with November 2011

Pending listings, all property types, are up in the November 2010 and November 2011 comparison by 21.21%. Total all property types closed (Marco Island only) was up by 20.93% in the same comparison

Total sold dollar volume was up 4.09% in the November 2010 and November 2011 comparison.

Meanwhile, inventory on Marco Island continues to decrease. Total active listings, all property types are down in the November 2010 and November 2011 comparison by 13.47%. New Listings coming on the market were down in the same comparison by 6.11%.

Happy Holidays to all our friends and readers and best wishes for a wonderful 2012.

 

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