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.