Wednesday, April 24, 2019

Marco Island Real Estate Report


Inventory Up 10% From Last Year

The inventory of homes, lots and condos for sale on Marco Island totaled one-thousand one-hundred-twenty (1,120), up 10% from a year ago. A total of fifty-four (54) properties sold in January, which dropped 14% from January last year. Total dollar volume sold was $41.7 million, down 3% from January a year ago. Two-hundred-forty-three (243) new listings came on the market in January, down 1% from last year.

January 2019 Statistics

Homes

There were three-hundred fifty-three (353) active home listings in January, which was up 8% from January 2018. Nineteen (19) homes sold for $25.5 million compared to fifteen (15) and $16.9 million last January. Sales prices ranged from $363,000 to $5.1 million. Median price of a home sold on Marco Island in January was $835,000. Ninety-six (96) new listings came on the market in January compared to eighty-four (84) last year, which is an increase of 14%. List prices for a home on Marco Island range from $319,999 to $7.5 million.

Condos

Inventory for sale was four-hundred thirty-one (431) condos in January 2019, up 19% from last year. Twenty-five (25) condos sold for $14.1 million compared to thirty-five (35) units and $21.9 million last January. Sales prices ranged from $118,000 to $2.3 million. Median price of a condo sold on Marco Island in January was $427,000. One-hundred (100) new listings came on the market compared to ninety-eight (98) last year. List prices for a condo on the island range from $105,000 to $9.9 million.

Lots

There were three-hundred eighteen (318) lots for sale on Marco Island in January 2019, compared to three-hundred one (301) last year. Seven (7) lots sold for $1.4 million compared to ten (10) and $3.6 million last year. Sales prices ranged from $60,325 to $495,000. Median price of a lot sold on Marco Island in January was $140,000. Forty-seven (47) new listings came on the market which was down 18% from last year. List prices for a lot range from $40,000 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 Steve Josselyn, 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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