Marco Island Real Estate Report

The inventory of homes, lots and condos for sale on Marco Island totaled one-thousand one-hundred fifty-six (1,156), up 10% from a year ago. A total of fifty-eight (58) properties sold in February, which declined 18% from February last year. Total dollar volume sold was $52.1 million, which was up 7% from February a year ago. One-hundred eighty-seven (187) new listings came on the market in February, up 13% from last year.

February 2019 statistics

Homes

There were three-hundred sixty-six (366) active home listings in February, which was up 8% from February 2018. Twenty-six (26) homes sold for $33.2 million compared to thirty-one (31) and $25.8 million last February. Sales prices ranged from $325,000 to $5 million. Median price of a home sold on Marco Island in February was $989,750. Seventy-two (72) new listings came on the market in February compared to sixty-three (63) last year, which is an increase of 14%. List prices for a home on Marco Island range from $299,900 to $7.5 million.

Condos

Inventory for sale was four-hundred thirty-five (435) condos in February 2019, up 16% from last year. Twenty-eight (28) condos sold for $18.3 million compared to thirty-two (32) units and $19.1 million last February. Sales prices ranged from $107,500 to $2.5 million. Median price of a condo sold on Marco Island in February was $562,500. Eighty (80) new listings came on the market compared to seventy-four (74) last year, which was an increase of 8%. List prices for a condo on the island range from $102,000 to $9.9 million.

Lots

There were three-hundred thirty-six (336) lots for sale on Marco Island in February 2019, compared to three-hundred six (306) last year. Three (3) lots sold for $404,000 compared to seven (7) and $3.7 million last year. Sales prices ranged from $85,000 to $180,000. Median price of a lot sold on Marco Island in February was $139,000. Thirty-three (33) new listings came on the market which was up 32% from last year. List prices for a lot range from $40,000 to $5 million.

As usual there is a wide range of properties for sale on Marco Island. Please check with a local Realtor® to help you find that just right property.

Written by Steve Josselyn, President, Marco Island Area Association of Realtors®. Call the Association at 239-394-5616 or visit www.marcorealtor.com. Data courtesy of Marco Island Area Association of Realtors® Multiple Listing Service.