Marco Island Real Estate is Improving

Marco Island Real Estate Improves For the Third Year in a Row


Real Estate Markets are different and localized all across the country. Thus the National real estate reports are generalized, at best. They do not accurately reflect Real Estate activity everywhere or in any specific town. Pricing and sales activity even varies within a given city!

Marco Island overall Statistics Reports have improved for the third straight year!

01/01/2011 – 05/31/2011 From the MLS data for all of Marco Island

So far this year, Real Estate has been strong and steady for all real estate market sectors combined on Marco Island. This is the first time we have seen a consistent and positive trend in many years.

In general:

 The total number of properties sold is way up,

 The total dollar value of sold properties is way up,

 The average days on market-the time it takes a property to sell- is down,

 The new inventory of property for sale has significantly decreased in many areas,

 The average selling price has increased slightly, with some exceptions.

Single Family Homes: New Inventory declined by 17% while houses sold increased by 15%. Average sale price was marginally higher by 3.7%. Median selling price was -1%.

Lots: Available Inventory increased 1% and Lots sold increased by 11%.

Condominiums: New Inventory declined by 9% and Condos sold increased by 17%.

The accompanying MLS data shows results for your neighborhood, as usual.