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The inventory of homes, lots and condos for sale on Marco Island totaled 838, down 16 percent from a year ago. A total of 73 properties sold in August. Total dollar volume sold was $56 million, up 45 percent from August last year. Ninety-nine new listings came on the market in August, down 13 percent from last year.

Homes

There were 247 active home listings in August, down seven percent from August 2017. Thirty-one  homes sold for $32.8 million compared to 29 and $19.1 million last August. Sales prices ranged from $345,000 to $6.5 million. Median price of a home sold on Marco Island in August was $820,000. Forty-two new listings came on the market in August compared to 45 last year. List prices for a home on Marco Island range from $369,000 to $6.5 million.

 

Condos

Inventory for sale was 300 condos in August 2018, down 14 percent from last year. Thirty-five condos sold for $21.8 million compared to 27 units and $16.1 million last August. Sales prices ranged from $112,001 to $4.65 million. Median price of a condo sold on Marco Island in August was $452,500. Forty-two new listings came on the market compared to 51 last year. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were 270 lots for sale on Marco Island in August 2018, compared to 291 last year. Four lots sold for $1.1 million compared to seven and $3.4 million last year. Sales prices ranged from $119,000 to $375,000. Median price of a lot sold on Marco Island in August was $304,750. Fourteen new listings came on the market compared to 16 last year. List prices for a lot range from $55,000 to $5 million.

More: The Real Estate Report: Inventory down 13% from 2017

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.

Steve Josselyn is 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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