The Marco Island Area Association of Realtors
The Marco Island Area Association of Realtors is very happy to report that 887 Homes, Lots and Condos sold in 2011 representing a 21.5% increase from the 730 sold in 2010. The average sale price moved up 1.45% from $501,000 to $508,000 while the average days on market decreased. The total inventory of Homes, Lots and Condos currently for sale stands at 1,307 compared to 1,621 in 2010. With demand up and the supply shrinking, competition for property should rise.