Back HomeMultiple Listing Service statistics released by the Marco Island Area Association of Realtors for Marco Island-only properties comparing January-September to the same period a year ago show dollar volume of Marco Island real estate sold increased 2.02 percent from $533,322,580 (2013) to $544,120,403 (2014).
Single-family
• Home Activity: Fewer new single-family homes were listed on the market January through September versus the same months in 2013 by 3.9 percent (467 vs. 486).
• The number of single-family homes closed since January shows an increase of 11.38 percent (362 vs. 325) from the same period in 2013 while the pending sales of single-family home properties in the comparison increased significantly by 27.09 percent (638 vs. 502).
• The average sale price (total sales in dollars divided by the number of sales) and median sale price (50 percent of sales were above and 50 percent of sales were below) for closed single-family homes was down a slight 3.59 percent ($735,562 vs. $763,014). The median sale price was up 7.63 percent ($613,500 vs. $570,000).
• Total dollar volume sold for single-family homes was $266,273,589 for January-September, up 7.37 percent from the same time last year ($247,979,590).
Condos
• Condominium activity: The number of new condo listings year-to-date for 2014 compared year-to-date 2013 was virtually unchanged, down 0.92 percent (538 vs. 543). The number of pending sales in the condo category increased by 22.92 percent in the same comparison (740 vs. 602). The number of condos closed in the comparison is up 2 percent (457 vs. 448).
• The average sale price is up 4 percent ($486,481 in 2014 vs. $467,751 in 2013) while median sales price is up 11.95 percent ($370,000 in 2014 vs. $330,500 in 2013).
• Total dollar volume sold for condominiums year-to-date for 2014 was $222,321,614 vs. $209,552,410 in 2013, up 6.09 percent.
Lots
• Lot activity: The number of new lots listed in 2014 increased 11.62 percent from 2013 (240 vs. 215). The number of lots pending decreased 11.61 percent (175 vs. 198). The number of closed sales of lots decreased by 16.19 percent (119 vs. 142). The average sale price increased 6.86 percent ($413,504 in 2014 vs. $386,950 in 2013). The median sale price increased 0.4 percent ($251,000 in 2014 vs. $250,000 in 2013).
• Total dollar volume sold decreased 10.44 percent ($49,206,950 in 2014 vs. $54,946,927 in 2013).
For all properties, average sale price is up 0.41 percent ($572,156 in 2014 vs. $569,789 in 2013) and median sale price is up 16.19 percent ($443,000 in 2014 vs. $381,250 in 2013).
We continue to see a strong real estate market on Marco Island and I believe it will continue through season.
