Guest column: $101 million of real estate closed in April on Marco Island

New construction on Collier Blvd., Marco Island, near the Jolley Bridge. Staff

New construction on Collier Blvd., Marco Island, near the Jolley Bridge. Staff

MLS statistics, released by the Marco Island Area Association of Realtors for Marco Island only properties compares April 2013 with April 2012 activity. Here is a recap of what happened in the Marco Island Real Estate market.

- Sold single family home sales down 2 percent (49 vs. 50).

- Sold condominium sales up 42 percent (85 vs. 60).

- Sold single family vacant lots up 28 percent (23 vs. 18).

- Pending single family home sales up 35 percent (73 vs. 54).

- Pending condominium sales up 35 percent (100 vs. 74).

- Pending single family vacant lot sales up 133 percent (42 vs. 18).

Inventory

- 347 Single family homes (down 6.5 percent from 2012).

- 491 Condominiums (down 19 percent from 2012).

- 256 Single family lots (down 17 percent form 2012).

Summary

A staggering $101 Million dollars worth of real estate closed on Marco Island in the month of April alone.

The high-end market is particularly strong with multiple sales occurring in excess of $2 million dollars for both homes and condos. This high-end momentum continues to push average prices upward, but we are seeing slight increases in average sales price and median sales price in the broader market as a whole.

The pending sales continue to climb, and strong sales have continued through May. The inventory continues to shrink but should stabilize somewhat as we enter summer and sales ease a bit. With summer approaching, now may be one of the best times ever for you to search out your piece of Paradise.

As always, please contact a local Realtor professional if you have any questions.

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