Tuesday, March 29, 2011

Marco Island Quarterly Real Estate Statistics

1st quarter sales statistics for Marco Island listed below:

                                 1st                            1st
                    Quarter 2011         Quarter 2010          

NEW LISTINGS:
  Single Family             193                      226                
  Condominiums           261                      290
  Lots                             107                      93

ACTIVE LISTINGS:
  Single Family               475                       540
  Condominiums            739                       809
  Lots                               349                      359

PENDING SALES:
  Single Family              75                          66       
  Condominiums           101                        71
  Lots                              27                          20

SOLD:
  Single Family             74                           72                    
  Condominiums          100                         86
  Lots                             21                           22


AVERAGE SALE PRICE:
  Single Family           $635,109                  $636,494
  Condominiums        $579,490                  $499,477
  Lots                          $281,060                  $303,386

As you can see from the statistics, Condominiums have increased dramatically in the number of pending sales for the Marco Island area.  The sale prices for single family homes have not changed much since the first quarter of 2010 indicating a leveling out.  There is still some price corrections for vacant land and condominiums.

For more information on real estate on Marco Island, please visit my website or call me at 239-404-7471.

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