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The inventory of homes, lots and condos for sale on Marco Island totaled 872, down 13 percent from a year ago. A total of 67 properties sold in July, down 15 percent from July last year. Total dollar volume sold was $51 million, down six percent from July last year. Ninety-two new listings came on the market in July, up five percent from last year.

Homes

There were 242 active home listings in July, down 26 percent from July 2017. Twenty-seven homes sold for $25.6 million compared to 33 and $23.2 million last July. Sales prices ranged from $295,000 to $4.8 million.

Median price of a home sold on Marco Island in July was $785,000. Twenty-two new listings came on the market in July compared to 36 last year. List prices for a home on Marco Island range from $375,000 to $6.5 million.

Condos

Inventory for sale was 317 condos in July 2018, down 10 percent from last year. Thirty-three condos sold for $21.8 million compared to 36 units and $16.1 million last July. Sales prices ranged from $115,000 to $2.4 million.

Median price of a condo sold on Marco Island in July was $500,000. Forty-one new listings came on the market compared to 35 last year. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were 287 lots for sale on Marco Island in July 2018, compared to 295 last year. Seven lots sold for $3.6 million compared to 15 and $8.8 million last year. Sales prices ranged from $170,000 to $1.4 million.

Median price of a lot sold on Marco Island in July was $354,000. Twenty-two new listings came on the market compared to 13 last year. List prices for a lot range from $55,000 to $5 million.

More: The Real Estate Report: Inventory down 11% from 2017

More: The Real Estate Report: Home inventory down 22% from last year

As usual there is a wide range of properties for sale on Marco Island. 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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