Beautiful weather and beautiful beaches made Marco Island buying and selling activity for February 2011 very busy. Statistics are up on a year-to-year, February 2010 to February 2011, comparison, and also on a month-to-month, January 2011 to February 2011, comparison. Active listings on the market continue to decrease in both comparisons. A year-to-year comparison shows the decrease is nearly 5% meaning fewer properties on the market now. Now is the time to buy on Marco Island.
Pending listings, all property types, are up from a month ago by 20% and a year ago by 30%. Single family, closed properties, Marco Island only, are up 27% from last month and up 22% from a year ago. The average sale price for closed single family property is up 13% from a month ago and also up from a year ago. The average median sale price for closed single family homes is also up from a month ago by almost 11% and a year ago by 7%.
Total all property types closed, Marco Island only, is up 25% from a month ago and 23% from a year ago. Market activity is increasing! Buy your piece of paradise and enjoy the Marco Island lifestyle!