Monday, December 17, 2018

Marco Island Real Estate Report Inventory Down 16% From Last Year

REAL ESTATE REPORT


The inventory of homes, lots and condos for sale on Marco Island totaled eight hundred thirty-eight (838), down 16% from a year ago. A total of seventy-three (73) properties sold in August, 2018, down 16% from August last year. Total dollar volume sold was $56 million, up 45% from August last year. Ninety-nine (99) new listings came on the market in August, down 13% from last year.

Homes

There were two hundred forty-seven (247) active home listings in August, down 7% from August 2017. Thirty-one (31) homes sold for $32.8 million compared to twenty-nine (29) and $19.1 million last August. Sales prices ranged from $345,000 to $6.5 million. Median price of a home sold on Marco Island in August was $820,000. Forty-two (42) new listings came on the market in August compared to forty-five (45) last year. List prices for a home on Marco Island range from $369,000 to $6.5 million.

Condos

Inventory for sale was three hundred (300) condos in August 2018, down 14% from last year. Thirty-five (33) condos sold for $21.8 million compared to twenty-seven (27) units and $16.1 million last August. Sales prices ranged from $112,001 to $4.65 million. Median price of a condo sold on Marco Island in August was $452,500. Forty-two (42) new listings came on the market compared to fifty-one (35) last year. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were two hundred seventy (270) lots for sale on Marco Island in August 2018, compared to two hundred ninety-one (291) last year. Four (4) lots sold for $1.1 million compared to seven (7) and $3.4 million last year. Sales prices ranged from $119,000 to $375,000. Median price of a lot sold on Marco Island in August was $304,750. Fourteen (14) new listings came on the market compared to sixteen (16) last year. List prices for a lot range from $55,000 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.

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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