Thursday, March 21, 2019

Inventory Continues to Decline

REAL ESTATE REPORT


The inventory of homes, lots and condos for sale on Marco Island totaled nine-hundred seventy-six (976), down 6% from a year ago. A total of one-hundred twelve (112) properties sold in April, about the same as last year. Total dollar volume sold was $88.7 million, up 12% from last year. One-hundred fifty-three (153) new listings came on the market in April, down 3% from a year ago.

April 2018 Statistics

Homes

There were two-hundred ninety-seven (297) active home listings in April, down 20% from April 2017. Forty-seven (47) homes sold for $60.1 million compared to forty-four (44) and $40.7 million last April. Sales prices ranged from $300,000 to $7.23 million. Median price of a home sold on Marco Island in April was $799,000. Fifty-five (55) new listings came on the market in April compared to fifty-three (53) last year. List prices for a home on Marco Island range from $315,000 to $7.2 million.

Condos

Inventory for sale was three-hundred sixty-four (364) condos in April 2018, down 12% from last year. Fifty-five (55) condos sold for $22.9 million compared to fifty-seven (57) units and $32.7 million last April. Sales prices ranged from $105,000 to $1.35 million. Median price of a condo sold on Marco Island in April was $333,000. Seventy-nine (79) new listings came on the market compared to seventy-eight (78) last year. List prices for a condo on the island range from $120,000 to $6.25 million.

Lots

There were two-hundred ninety-three (293) lots for sale on Marco Island in April 2018, down 8% from last year. Ten (10) lots sold for $5.7 million compared to thirteen (13) and $5.9 million last year. Sales prices ranged from $164,000 to $1.3 million. Median price of a lot sold on Marco Island in April was $517,000. Seventeen (17) new listings came on the market compared to twenty-four (24) 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.

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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