
Gerry Rosenblum
597 Total Sales in 2012
514 Total Sales in 2011
$508,000 Average Sales Price in 2012
$541,000 Average Sales Price in 2011
203 Single Family homes sold in 2012 with a total dollar volume of $148 Million with an average Sales Price of $729,000
201 Single Family homes sold in 2011 with a total dollar volume of $139 Million with an average Sales Price of $689,000
287 Condominiums sold in 2012 with a total dollar volume of $123 Million with an average Sales Price of $428,000
257 Condominiums sold in 2011 with a total dollar volume of $124 Million with an average Sales Price of $483,000
95 Vacant Lots sold in 2012 with a total dollar volume of $30 Million with an average Sales Price of $311,000
49 Vacant Lots sold in 2011 with a total dollar volume of $15 Million with an average Sales Price of $312,000
Current Inventories as of July 10th compared to last year:
Current Last Year
Single Family Homes 274 396
Condominiums 480 665
Vacant Lots 259 327
Total 1,073 1,478
Of Interest:
Total number of sales is up 16.14%, Total volume of sales is up 8.94%, Average sales price is down 6.2%.
The list to sell ratio is 89.89%, this translates into 10.11% being the amount “negotiated” off the listed asking price.
Recap:
Sales continue to remain strong and it seems apparent that the Real Estate Market on Marco Island is strengthening.
With 30 year interest rates at ALL TIME LOWS below 4%, many people are taking advantage of the economic climate to purchase their piece of Paradise. The most telling statistic may be the current inventory which is very, very low. With only 1,073 total Homes, Condos and Lots for sale it may be difficult to find the perfect property in your price range and it is more important than ever to have a Marco Island Realtor® working for you.
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