Home, condo and lot sales declined in January compared to January 2017. Two-hundred thirty-seven (237) new listings came on the market in January, up 7% from a year ago. Even with that increase in new listings this month, the inventory of homes, lots and condos for sale totaled nine-hundred fifty-three (953), down 15% from a year ago. A total of sixty (60) properties sold in January, down 18% from last year. Total dollar sold volume was $42.5 million, down 25% from last year.
January 2018 statistics
There were three hundred ten (310) active home listings in January, down 22% from January 2017. Fifteen (15) homes sold for $16.9 million compared to twenty-three (23) and $25.9 million last January. Sales prices ranged from $410,000 to $2.5 million. Median price of a home sold on Marco Island in January was $985,000. Eighty-three (83) new listings came on the market in January compared to eighty-two (82) last year. List prices for a home on Marco Island range from $335,000 to $8 million.
Inventory for sale was three-hundred forty-five (345) condos in January 2018, down 15% from last year. Thirty-five (35) condos sold for $21.9 million compared to thirty-eight (38) units and $27 million last January. Sales prices ranged from $165,000 to $3.1 million. Median Price of a condo sold on Marco Island in January was $365,000. Ninety-eight (98) new listings came on the market compared to one-hundred (100) last year. List prices for a condo on the island range from $110,000 to $8.5 million.
There were two-hundred ninety-eight (298) lots for sale on Marco Island in January 2018, down 5% from last year. Ten (10) lots sold for $3.6 million compared to twelve (12) and $4.2 million last year. Sales prices ranged from $72,000 to $715,000. Median price of a lot sold on Marco Island in January was $292,000. Fifty-six (56) new listings came on the market compared to forty (40) last year. List price range for a lot was $49,900 to $4,995,000.
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 Gary Elliott, 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.