Marco Island Real Estate Report May 2019 – Inventory Up 4% From Last Year

The inventory of homes, lots and condos for sale on Marco Island totaled one-thousand fifty-one (1,051), up 4% from a year ago. A total of one-hundred twenty-one (121) properties sold in May, which was an increase of 2% from May last year. Total dollar volume sold was $79.7 million, which was down 13% from May a year ago.  There were one-hundred ten (110) new listings came on the market in May, down 21% from last year.

May 2019 statistics

Homes

There were three-hundred five (305) active home listings in May, which was up 5% from May 2018. Fifty-seven (57) homes sold for $52.1 million compared to fifty-two (52) and $54.5 million last May. Sales prices ranged from $335,000 to $2.7 million.  The median price of a home sold on Marco Island in May was $780,000. Thirty-seven (37) new listings came on the market in May compared to forty-two (42) last year, which is a decrease of 12%. List prices for a home on Marco Island range from $369,900 to $7.5 million.

Condos

Inventory for sale was four-hundred nine (409) condos in May 2019, up 5% from last year. Forty-six (46) condos sold for $20.6 million compared to fifty-two (52) units and $30.1 million last May. Sales prices ranged from $112,500 to $1.35 million. The median price of a condo sold on Marco Island in May was $407,500. Fifty-one (51) new listings came on the market compared to sixty-eight (68) last year, which was a decrease of 25%. List prices for a condo on the island range from $119,900 to $9.9 million.

Lots

There were three-hundred fifteen (315) lots for sale on Marco Island in May 2019, compared to three-hundred five (305) last year. Fifteen (15) lots sold for $5.9 million compared to fourteen (14) and $7.3 million last year. Sales prices ranged from $104,000 to $850,000.  The median price of a lot sold on Marco Island in May was $422,500. Eighteen (18) new listings came on the market which was down 36% from last year. List prices for a lot range from $45,900 to $6.75 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.