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The inventory of homes, lots and condos for sale on Marco Island totaled 866, down nine percent from a year ago. A total of 72 properties sold in September, up 60 percent from September last year. Total dollar volume sold was $40 million, up 84 percent from September last year.

Eighty-four new listings came on the market in September, up 58 percent from last year. These dramatic increases are mainly a result of hurricane Irma as sales activity dropped off due to ongoing recovery efforts on Marco Island last year.

Homes

There were 256 active home listings in September, down 17 percent from September 2017. Twenty  homes sold for $18 million compared to 14 and $10.9 million last September. Sales prices ranged from $305,000 to $2.6 million.

Median price of a home sold on Marco Island in September was $717,500. Thirty-two new listings came on the market in September compared to 17 last year. List prices for a home on Marco Island range from $349,900 to $7.5 million.

Condos

Inventory for sale was 305 condos in September 2018, down nine percent from last year. Thirty-nine condos sold for $18.9 million compared to 17 units and $8 million last September. Sales prices ranged from $122,500 to $1.61 million.

Median price of a condo sold on Marco Island in September was $435,000. Thirty-eight new listings came on the market compared to 20 last year. List prices for a condo on the island range from $115,000 to $9.9 million.

Lots

There were 282 lots for sale on Marco Island in September 2018, compared to 289 last year. Ten lots sold for $2.7 million compared to 13 and $2.8 million last year. Sales prices ranged from $55,000 to $625,000.

Median price of a lot sold on Marco Island in September was $274,500. Ten new listings came on the market compared to 16 last year. List prices for a lot range from $79,000 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 down 16% from last year

 

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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