Saturday, January 19, 2019

Marco Island Real Estate Report Inventory Up 7% From Last Year

REAL ESTATE REPORT


The inventory of homes, lots and condos for sale on Marco Island totaled one thousand thirteen (1,013), up 7% from a year ago. A total of sixty-one (61) properties sold in November, which increased 13% from November last year. Total dollar volume sold was $46.3 million, down 12% from November last year. One hundred eighty-six (186) new listings came on the market in November, up 28% from last year.

November 2018 Statistics

Homes

There were three hundred five (305) active home listings in November, which was unchanged from November 2017. Twenty (20) homes sold for $17.4 million compared to twenty-one (21) and $33 million last November. Sales prices ranged from $385,000 to $2.3 million. Median price of a home sold on Marco Island in November was $676,500. Fifty-nine (59) new listings came on the market in November compared to fifty-five (55) last year. List prices for a home on Marco Island range from $340,000 to $7.5 million.

Condos

Inventory for sale was three hundred eighty-two (382) condos in November 2018, up 14% from last year. Thirty-four (34) condos sold for $26.9 million compared to twenty-eight (28) units and $15.3 million last November. Sales prices ranged from $195,000 to $3.2 million. Median price of a condo sold on Marco Island in November was $460,250. Ninety (90) new listings came on the market compared to fifty-nine (59) last year. List prices for a condo on the island range from $112,000 to $9.9 million.

Lots

There were three hundred four (304) lots for sale on Marco Island in November 2018, compared to two-hundred eighty-two (282) last year. Six (6) lots sold for $1.9 million compared to four (4) and $3.9 million last year. Sales prices ranged from $169,000 to $468,750. Median price of a lot sold on Marco Island in November was $285,000. Thirty-two (32) new listings came on the market compared to twenty-seven (27) last year. List prices for a lot range from $75,000 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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