Saturday, January 19, 2019

Marco Island Real Estate Report Inventory Down 2% From Last Year

REAL ESTATE REPORT


Steve Josselyn

The inventory of homes, lots and condos for sale on Marco Island totaled nine-hundred thirty-two (932), down 2% from a year ago. A total of sixty-two (62) properties sold in October, which the same as October last year. Total dollar volume sold was $50 million, up 5% from October last year. One hundred-sixty-six (166) new listings came on the market in October, up 51% from last year.

October 2018 Statistics

Homes

There were two-hundred seventy-nine (279) active home listings in October, down 7% from October 2017. Twenty-five (25) homes sold for $26 million compared to twenty-six (26) and $25 million last October. Sales prices ranged from $310,000 to $3.5 million. Median price of a home sold on Marco Island in October was $690,000. Fifty-five (55) new listings came on the market in October compared to thirty-two (32) last year. List prices for a home on Marco Island range from $349,900 to $7.5 million.

Condos

Inventory for sale was three hundred thirty-seven (337) condos in October 2018, down 1% from last year. Twenty-eight (28) condos sold for $19.6 million compared to twenty-nine (29) units and $16.6 million last October. Sales prices ranged from $115,000 to $2.75 million. Median price of a condo sold on Marco Island in October was $535,000. Seventy-five (75) new listings came on the market compared to fifty-five (55) last year. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were two hundred ninety-two (292) lots for sale on Marco Island in October 2018, compared to two hundred eighty-three (283) last year. Seven (7) lots sold for $3.5 million compared to six (6) and $3.7 million last year. Sales prices ranged from $100,000 to $1 million. Median price of a lot sold on Marco Island in October was $362,000. Thirty-one (31) new listings came on the market compared to nineteen (19) last year. List prices for a lot range from $79,000 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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