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The inventory of homes, lots and condos for sale on Marco Island totaled 972, down nine percent from a year ago. A total of 115 properties sold in May, down four percent from May last year.

Total dollar volume sold was $90.4 million, up four percent from May last year and 134 new listings came on the market in May about the same as last year.

Homes

There were 274 active home listings in May, down 22 percent from May 2017. Fifty-one homes sold for $53.9 million compared to 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 new listings came on the market in May compared to 53 last year. List prices for a home on Marco Island range from $340,000 to $7.2 million.

Condos

Inventory for sale was 373 condos in May 2018, about the same as last year. Fifty condos sold for $29.5 million compared to 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 new listings came on the market compared to 53 last year. List prices for a condo on the island range from $120,000 to $6.3 million.

Lots

There were 302 lots for sale on Marco Island in May 2018, about the same as last year. Thirteen lots sold for $6.9 million compared to 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 new listings came on the market compared to 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.

More: The Real Estate Report: Inventory continues to decline

Gary Elliott is president of the 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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