Category Archives: Market News

MARCO ISLAND AMAZING SUNSETS

White beaches, a sparkling sea, a strawberry daiquiri in hand—what more do you need in a vacation? Marco Island brings visitors the best that the Ten Thousand Islands have to offer. Scavenge for seashells or hit the links for a sunny session of golf. Explore the Everglades in a swamp buggy or enjoy a rejuvenating nature hike at the Rookery Bay Reserve.  Or better yet…..sit on the beach and enjoy the breathtaking sunset’s Marco Island is famous for.  Then call the Walter Team to buy your piece of paradise today! 239-821-0994

AWESOME LARGE HOUSE IN THE MARCO ISLAND ESTATES

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WOW! IT IS WITH DISTINCT PRIVILEGE TO PRESENT THIS MOST SPECTACULAR REMODELED RESIDENCE IN THE MOST SOUTHERN, MOST SOUGHT AFTER ESTATE AREA OF MARCO ISLAND. THIS IS A MASTERFUL COMPOSITION OF OVER 3800 SQ. FT OF CUSTOM FINISHED INTERIOR. YOUR EXPERIENCE BEGINS AS YOU OPEN THE FRONT DOOR TO SEE THIS COASTAL COTTAGE MASTERPIECE WITH STYLE AND ELEGANCE. THIS PROFESSIONALLY DECORATED HOME WITH SOARING CEILINGS AND DESIGNER EVERYTHING. THE GOURMET KITCHEN HAS HAND CRAFTED DESIGNER CABINETRY, BIG CENTER ISLAND, TOP OF THE LINE APPLIANCES, AND STYLISH GRANITE, BIG FARM SINK, WINE COOLER, LARGE WINDOWS AND MORE. THE SPACIOUS MASTER SUITE HAS SLIDER ACCESS TO THE LANAI, FABULOUS CLOSET BUILT INS, AND A VOGUE MASTER BATH WITH A HUGE SHOWER WITH BODY SPRAY, AND A SOOTHING TUB FOR RELAXATION. 3 LARGE EN SUITES UPSTAIRS WITH AN AWESOME FAMILY ROOM, UPPER LANAI, AND A BIG CORNER OFFICE. LARGE RESORT STYLE LANAI WITH GRANITE BUFFET, WATER FALL POOL, POOL BATH WITH EXERCISE ROOM. ENJOY AN IMPRESSIVE 167 FEET OF WATER FRONTAGE WITH A HUGE DOCK ENCOMPASSING A 41,000 LB. LIFT AND AN ADDITIONAL 10,000 LB. LIFT FOR ALL YOUR BOAT DOCKAGE NEEDS.

MARCO ISLAND SHELLING

 

Shelling On Marco Island: The Fighting Conch

If you’ve done any shelling on Marco Island, you’ve almost certainly seen the fighting conch (strombus pugilus). If you’ve been on the beach after a storm, chances are you’ve seen them scattered about in droves. Despite it’s pugilistic handle, the fighting conch is an herbivore, feeding primarily on algae and males are only mildly territorial. These medium sea snails generally live close to the beach in relatively shallow water. Living snails can often be found washed ashore, so check and see if someone is home before you toss him in your shell bag.

The fighting conch has one of those shells that’s both beautiful and commonplace on the beaches around Naples, Marco Island and the Ten Thousand Islands.  While this shell, with its  picturesque whorls, spines and spire (the pointed tip of the shell) would be considered a real prize on many beaches, we rarely set foot on Cape Romano, Second Chance, or any of our favorite spots without finding several.  

Above you can see different sizes and colors of the fighting conch shell. The colors typically vary from yellow or cream to orange and brown, often with some pink or purple. As always, older shells are often sun bleached, while a dark red-orange or purple can be an indictor that there is still a living snail inside. Look for the sickle shaped operculum or “foot” in the oblong aperture of a living conch.

Thanks for checking out our ISLAND REALTY MARCO shelling blog!  Stay tuned for more shelling info and tips on how to find great shells on Marco Island, or come and take a trip with us so we can show you first hand!

Marco Island Florida – December 1, 2019 Inventory Analysis

Marco Island Inventory levels are Up 13% from this time last year.  There are 993 properties currently for sale on the island; 311 homes, 384 condos, and 298 lots.  Condo inventory is up 19% from this time last year, while the inventory of homes is up 10% and lot inventory is up 9%.  The number of Pending Home sales is up 29% compared to last year, Pending Condos are down 31% and the number of Pending Lots is down 27%.  The total number of all pending units is down 8% compared to last year with 77 properties now under contract vs. 84 on January 1, 2018. There were 61 closings of Marco Island properties in the last month and 54 net new pending sales accounting for the decrease in total pending units from 84 last month to 77 currently.  

Marco Island, 4th Quarter 2018 Real Estate Market Update

There was a 7% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes off 4% , water indirect up 7% and Inland homes up 3%.  Over the last 12 months the average water direct lot sale price was off 37%, indirect lot average prices were down 4%, and Inland lot prices were up 5% on average.  Total home units sold in 2018 versus the same period in 2017 were down 27, with 2 more water direct, 6 fewer water indirect, and 23 fewer inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 41, with 7 fewer water direct, 11 fewer water indirect, and 23 fewer inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were up 23, with 17 more beach/gulf, 16 more waterfront, and 10 fewer inland condos sold. Overall, Inventory levels are down 8% from last year, with the number of pending units on January 1,2019 up by 7% compared to January 2018.

Marco Island Florida – October 1, 2018 Inventory Analysis

Marco Island Florida – October 1, 2018 Inventory Analysis

Marco Island Inventory levels are Down 7% from this time last year.  There are 827 properties currently for sale on the island; 248 homes, 296 condos, and 283 lots.  Condo inventory is down 7% from this time last year, while the inventory of homes is down 13% and lot inventory is up 1%.  The number of Pending Home sales is up 5% compared to last year, Pending Condos are up 2% and the number of Pending Lots is up 37%.  The total number of all pending units is up 7% compared to last year with 93 properties now under contract vs. 97 on October 1, 2017. There were 60 closings of Marco Island properties in the last month and 33 net new pending sales accounting for the decrease in total pending units from 120 last month to 93 currently.  

Marco Island, 3rd Quarter 2018 Real Estate Market Update

Marco Island, 3rd Quarter 2018 Real Estate Market Update

There was a 7% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were up over the past 12 months with water direct homes up 5% , water indirect up 6% and Inland homes up 16%.  Over the last 12 months the average water direct lot sale price was up 6%, indirect lot average prices were down 7%, and Inland lot prices were up 5% on average.  Total home units sold in 2018 versus the same period in 2017 were down 20, with 5 more water indirect, 3 fewer water indirect, and 22 fewer inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 34, with 11 fewer water direct, 9 fewer water indirect, and 14 fewer inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were up 22, with 10 more beach/gulf, 20 more waterfront, and the same number of inland condos sold. Overall, Inventory levels are down 7% from last year, with the number of pending units on October 1,2018 up by 7% compared to October 2017.

Visiting Marco Island? 3 Reasons to Stop at an Open House!

Visiting Marco Island? 3 Reasons to Stop at an Open House!

Spring is buying and selling season in the southwest Florida real estate market — especially Marco Island! Many snowbirds are packing their bags to head up north, and many home sellers are making a last big push for a sale. Even if you’re not looking to buy or sell right now, here are 3 good reasons to stop by an open house.

1. Learn about the market from an agent

Although online resources and listing magazines can help you gauge the market trends, but nothing quite gives you the insights of a local expert. Day-in and day-out, they see the new listings and sales, and can help you get a better idea about what may be in your price range… you may even decide it’s a good time to sell or buy!

 

2. Gauge the activity

If you’re on the fence about listing your home, ask the agent what kind of sales traction they are achieving. How many people are stopping by their open houses? Have they sold many homes this season? Do they have any sales pending? Describe your lot, listing things like direct access, location on the island, and see if hey may be able to connect you with a potential buyer or give you a good timeline for sale.

 

3. Get inspired by new styles

If you’re reading this, chances are you’re already pretty active on the web. On the web, you can find all kinds of great resources to learn about design trends and styles, or even turn on HGTV. But there’s nothing like seeing what people are actually doing, what kind of styles are actually working. Open houses can give you a little inspiration and start the gears turning.

For us top producing brokers, open houses are all about making a connection and starting a relationship. If you don’t want to wait for an open house to start working with one of the most experienced on the island, Contact The Walter Team Today 239-821-0994

Choose The Walter Team to help in your search for Paradise, here is why:

Can A Real Estate Agent Really Help Me Save?

Resort towns like Marco Island are known for their perpetual sellers – those who visit every year and say, “one day we’ll buy and move down here.” They often pick up listing magazines and stop by a few open houses. If you’re one of those buyers, but now you want to seriously look for a new place, here are a few reasons to call a real estate agent to find the perfect home. Call the Walter Team 239-821-0994.

Agents Save You Valuable Time

If you’re Marco Island home will be your secondary home, time is of the essence! Rather than wandering around the Island and the county trying to find the right home, meet with an agent. Explain what you’re looking for (price, location, type and features), and they can quickly compile a list of homes on market meeting your needs. They can set-up the appointments and use their special access to get you into unoccupied homes.  Call the Walter Team 239-821-0994

 

Agents Can Refer You to Local Contractors

Even if you find the right home to purchase, chances are it’s still not perfect! A good agent, especially on a place like Marco Island, can connect you to the best contractors in every trade. If you are just purchasing a lot, or interested in a major renovation, ask your agent who you should trust. For the precarious legal process surrounding the sale, or finding a trusted mortgage lender, an agent can give you solid recommendations. Just imagine all the time you save when you don’t sell or buy alone! Call the Walter Team 239-821-0994

Knowledge = Money

Agents know you want the highest possible value for your home, but they also know the market and what your home is worth. They can help you accurately list your home with a comparable market price — neither too high or too low. When it comes to finally closing the deal, agents can help you negotiate the absolute best price for your home — is your counteroffer too high or too low? With an experienced agent, navigating this process will save you money on your home!  Ready to get started, Call The Walter Team Today! 239-821-0994

MARCO ISLAND FLORIDA 2nd Quarter 2018 Real Estate Market Update

Marco Island, 2nd Quarter 2018 Real Estate Market Update

There was a 8% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes up 2% , water indirect down 7% and Inland homes up 14%.  Over the last 12 months the average water direct lot sale price was up 5%, indirect lot average prices were down 1%, and Inland lot prices were down an average of 3%.  Total home units sold in 2018 versus the same period in 2017 were down 14, with 6 fewer water indirect, 6 fewer water indirect, and 2 fewer inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 21, with 6 fewer water direct, 8 fewer water indirect, and 7 fewer inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were down 9, with 16 fewer beach/gulf, 12 more waterfront, and 5 fewer inland condos sold. Overall, Inventory levels are down 9% from last year, with the number of pending units on July 1,2018 also down  by 6% compared to July 2017.  Call the Walter Team for the Best Deals and Steals !