Marco Island Real Estate Report June 2018 Inventory Down From Last Year

The inventory of homes, lots and condos for sale on Marco Island totaled nine-hundred twenty-seven (927), down 11% from a year ago. A total of one-hundred one (101) properties sold in June, down 5% from June last year. Total dollar volume sold was $73.6 million, down 2% from June last year. One-hundred ten (110) new listings came on the market in June, down 13% from last year.

June 2018 statistics

Homes

There were two-hundred sixty-seven (267) active home listings in June, down 21% from June 2017. Thirty-nine (39) homes sold for $37.1 million compared to forty-four (44) and $40.6 million last June. Sales prices ranged from $416,000 to $2.6 million. Median price of a home sold on Marco Island in June was $840,000. Forty-five (45) new listings came on the market in June compared to forty-four (44) last year. List prices for a home on Marco Island range from $340,000 to $6.5 million.

Condos

Inventory for sale was three-hundred forty-one (341) condos in June 2018, down 8% from last year. Fifty-three (53) condos sold for $31.7 million compared to forty-eight (48) units and $21.3 million last June. Sales prices ranged from $111,000 to $3.3 million. Median price of a condo sold on Marco Island in June was $425,000. Forty-two (42) new listings came on the market compared to fifty-one (51) last year. List prices for a condo on the island range from $115,000 to $6.3 million.

Lots

There were two-hundred ninety-seven (297) lots for sale on Marco Island in June 2018, compared to three-hundred five (305) last year. Eight (8) lots sold for $3.8 million compared to twelve (12) and $11.3 million last year. Sales prices ranged from $250,000 to $1.5 million. Median price of a lot sold on Marco Island in June was $364,000. Forty-two (42) new listings came on the market compared to fifty-one (51) last year. List prices for a lot range from $55,000 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.

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