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Home sales were steady, and condo and lot sales declined in February compared to February 2017.  One-hundred fifty-three new listings came on the market in January, down 19 percent from a year ago. The inventory of homes, lots and condos for sale totaled nine-hundred seventy-six (976), down 16 percent from a year ago. A total of 66 properties sold in February, down 22 percent from last year. Total dollar sold volume was $45.7 million, down 23 percent from last year.

Homes

There were 320 active home listings in February, down 23 percent from February 2017. Thirty homes sold for $25.4 million compared to 29 and $30.2 million last February. Sales prices ranged from $300,000 to $2.1 million. Median price of a home sold on Marco Island in February was $721,500.

Sixty new listings came on the market in February compared to 68 last year. List prices for a home on Marco Island range from $335,000 to $7.2 million.

Condos

Inventory for sale was 353 condos in February 2018, down 15 percent from last year. Thirty condos sold for $17.9 million compared to forty-three (43) units and $21.3 million last February. Sales prices ranged from $110,000 to $1.45 million. Median price of a condo sold on Marco Island in February was $488,000.

Sixty-nine new listings came on the market compared to 80 last year. List prices for a condo on the island range from $110,000 to $8.5 million.

Lots

There were 303 lots for sale on Marco Island in February 2018, down nine percent from last year. Six  lots sold for $2.4 million compared to fourteen (14) and $7.8 million last year. Sales prices ranged from $180,000 to $975,000. Median price of a lot sold on Marco Island in January was $313,000.

Twenty-four new listings came on the market compared to forty-one 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.

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.

 

 

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