Sunday, September 15, 2019

Marco Island Real Estate Report

Inventory up 8% from Last Year

The inventory of homes, lots and condos for sale on Marco Island totaled one-thousand one-hundred fifty-four (1,154), up 8% from a year ago. A total of ninety-eight (98) properties sold in March, which declined 6% from March last year. Total dollar volume sold was $70.4 million, which was up 3% from March a year ago. One-hundred seventy (170) new listings came on the market in March, down 2% from last year.

March 2019 Statistics

Homes

There were three-hundred fifty-six (356) active home listings in March, which was up 5% from March 2018. Thirty-five (35) homes sold for $34.6 million compared to twenty-nine (29) and $24 million last March. Sales prices ranged from $365,000 to $5.6 million. Median price of a home sold on Marco Island in March was $750,000. Sixty-five (65) new listings came on the market in March compared to sixty-two (62) last year, which is an increase of 5%. List prices for a home on Marco Island range from $299,900 to $7.5 million.

Condos

Inventory for sale was four-hundred forty-two (442) condos in March 2019, up 12% from last year. Fifty-two (52) condos sold for $28.9 million compared to fifty-six (56) units and $32.1 million last March. Sales prices ranged from $110,000 to $3.1 million. Median price of a condo sold on Marco Island in March was $350,000. Seventy-eight (78) new listings came on the market compared to eighty-nine (89) last year, which was an decrease of 12%. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were three-hundred thirty-six (336) lots for sale on Marco Island in March 2019, compared to three-hundred nine (309) last year. Eleven (11) lots sold for $6.9 million compared to sixteen (16) and $11.8 million last year. Sales prices ranged from $105,000 to $2.3 million. Median price of a lot sold on Marco Island in March was $410,000. Twenty-four (24) new listings came on the market which was up 14% from last year. List prices for a lot range from $40,000 to $6.95 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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