Back HomeMarco 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 !
