Thursday, March 21, 2019

Marco Island Real Estate Report, May 2018

Home Inventory Down 22% from Last Year

The inventory of homes, lots and condos for sale on Marco Island totaled nine-hundred seventy-two (972), down 9% from a year ago. A total of one-hundred fifteen (115) properties sold in May, down 4% from May last year. Total dollar volume sold was $90.4 million, up 4% from May last year. One-hundred thirty-four (134) new listings came on the market in May about the same as last year.

May 2018 Statistics

Homes

There were two-hundred seventy-four (274) active home listings in May, down 22% from May 2017. Fifty-one (51) homes sold for $53.9 million compared to forty-seven (47) and $46.6 million last May. Sales prices ranged from $285,000 to $3.8 million. Median price of a home sold on Marco Island in May was $815,000. Thirty-nine (39) new listings came on the market in May compared to fifty-three (53) last year. List prices for a home on Marco Island range from $340,000 to $7.2 million.

Condos

Inventory for sale was three-hundred seventy-three (373) condos in May 2018, about the same as last year. Fifty (50) condos sold for $29.5 million compared to sixty (60) units and $35.6 million last May. Sales prices ranged from $118,000 to $6.2 million. Median price of a condo sold on Marco Island in May was $414,000. Sixty-five (65) new listings came on the market compared to fifty-three (53) last year. List prices for a condo on the island range from $120,000 to $6.3 million.

Lots

There were three-hundred two (302) lots for sale on Marco Island in May 2018, about the same as last year. Thirteen (13) lots sold for $6.9 million compared to eleven (11) and $4.6 million last year. Sales prices ranged from $50,000 to $2.4 million. Median price of a lot sold on Marco Island in May was $225,000. Twenty-eight (28) new listings came on the market compared to twenty-four (24) 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.

 

One response to “Marco Island Real Estate Report, May 2018”

  1. hotdok says:

    Once all the lots are gone, real estate prices on Marco will soar.

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