83 Total properties CLOSED for a total of $38 Million (including Time Shares and Commercial) as follows:
27 Single Family Homes for $18.4 Million – Avg. Sale price $684K
37 Condominiums for $16.3 Million – Avg. Sale price $440K
19 Vacant Home sites for $3.6 Million – Avg. Sale price $189K
92 Total properties went UNDER CONTRACT in July (including Time Shares and Commercial) as follows:
34 Single family homes
18 Vacant home sites
Inventory of what is currently on the market
287 Single family homes
270 Vacant home sites
I am happy to once again report that Real Estate sales activity on Marco Island remains strong. The benchmark 30 year fixed rate mortgage continues to remain at historic lows BELOW 4% which continues to fuel the sales market. Smart buyers continue to take advantage of this “cheap money” and are jumping in to get their piece of Paradise. It also appears that many buyers are end users, not speculators. Currently, the strongest individual market segment is vacant home sites with the number of Year-To-Date sales at 114, compared to 59 for the same period last year. That is a 93% increase in the number of sold home sites!
Please contact a local Realtor® to help you with your Real Estate needs. There may never be a better time than now.