Real Estate Report: Inventory up 10% from 2018
The inventory of homes, lots and condos for sale on Marco Island totaled 1,120, up 10 percent from a year ago.
A total of 54 properties sold in January, which dropped 14 percent from January last year. Total dollar volume sold was $41.7 million, down three percent from January a year ago; 243 new listings came on the market in January, down one percent from last year.
There were 353 active home listings in January, which was up eight percent from January 2018. Nineteen homes sold for $25.5 million compared to 15 and $16.9 million last January. Sales prices ranged from $363,000 to $5.1 million.
Median price of a home sold on Marco Island in January was $835,000. Ninety-six new listings came on the market in January compared to 84 last year, which is an increase of 14 percent. List prices for a home on Marco Island range from $319,999 to $7.5 million.
Inventory for sale was 431 condos in January 2019, up 19 percent from last year. Twenty-five condos sold for $14.1 million compared to 35 units and $21.9 million last January. Sales prices ranged from $118,000 to $2.3 million.
Median price of a condo sold on Marco Island in January was $427,000. One-hundred new listings came on the market compared to 98 last year. List prices for a condo on the island range from $105,000 to $9.9 million.
There were 318 lots for sale on Marco Island in January 2019, compared to 301 last year. Seven (lots sold for $1.4 million compared to ten (10) and $3.6 million last year. Sales prices ranged from $60,325 to $495,000. Median price of a lot sold on Marco Island in January was $140,000. Forty-seven new listings came on the market which was down 18 percent from last year. List prices for a lot range from $40,000 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 Steve Josselyn, 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.