Saturday, November 28, 2020

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 ninety-eight (1,098), up 8% from a year ago. A total of one-hundred twenty-nine (129) properties sold in April, which was an increase of 10% from April last year. Total dollar volume sold was $94.4 million, which was up 5% from April a year ago. One-hundred forty-seven (147) new listings came on the market in April, down 6% from last year.

April 2019 statistics

Homes

There were three-hundred thirty-three (333) active home listings in April, which was up 6% from April 2018. Fifty-seven (57) homes sold for $49.5 million compared to forty-seven (47) and $60.1 million last April. Sales prices ranged from $280,000 to $4.6 million. Median price of a home sold on Marco Island in April was $745,000. Forty-six (46) new listings came on the market in April compared to fifty-eight (58) last year, which is an decrease of 21%. List prices for a home on Marco Island range from $330,000 to $7.5 million.

Condos

Inventory for sale was four-hundred fifteen (415) condos in April 2019, up 8% from last year. Fifty-eight (58) condos sold for $33.9 million compared to fifty-six (56) units and $23.3 million last April. Sales prices ranged from $92,000 to $2.1 million. Median price of a condo sold on Marco Island in April was $392,500. Seventy (70) new listings came on the market compared to eighty (80) last year, which was a decrease of 12.5%. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were three-hundred thirty (330) lots for sale on Marco Island in April 2019, compared to two-hundred ninety-eight (298) last year. Eleven (11) lots sold for $5.9 million compared to ten (10) and $5.7 million last year. Sales prices ranged from $205,000 to $1.2 million. Median price of a lot sold on Marco Island in April was $365,000. Twenty-six (26) new listings came on the market which was up 53% from last year. List prices for a lot range from $40,000 to $6 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.

For more information, 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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