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Marco Island, 2nd Quarter 2015 Real Estat

Marco Island, 2nd Quarter 2015 Real Estate Market Update

Marco Island, 2nd Quarter 2015 Real Estate Market Update

Condo sales, specifically beachfront condos, were the strongest segment of the market with 11 more units sold compared to the same period in 2014.  The strongest condo price gains occurred at the high end where prices we up and average of 30% over the past year, with a 6.5m sale in the Madeira. Water Direct home prices have risen 3% over the past 3 months and units sold are up by 3 units compared to 2014, while there were 11 fewer water indirect homes sold this year compared to the same period in 2014.  Lot prices continue to rise with the average water indirect lot up 30% over the past 12 months.  Overall, Inventory levels are down and prices are moving higher as the selection of properties dwindles.

Marco Island Inventory levels are down 4% from this time last year and are now 68% lower than in March 2007 (see link) there are 880 properties currently for sale on the island; 294 homes, 273 condos, and 313 lots.  Condo inventory is down 17% from this time last year, while the inventory of homes is down 1% and lot inventory is up 5%. The total number of pending units is up 2% compared to last year with 137 properties under contract verses 134 on July 1, 2014.  Only 6 of these pending sales are either foreclosures or short sales. There were 140 closings of Marco Island properties in the last month and 75 net new pending sales accounting for the decrease in total pending units from 202 last month to 137 currently.

Click the following link to view my 2nd Quarter 2015 Real Estate Market Update:
http://www.marcohomeinfo.com/2ndQuarter2015RealEstateMarketAnalysis.pdf

Marco Island, 1st Quarter 2015 Real Estat

Marco Island, 1st Quarter 2015 Real Estate Market Update

Marco Island, 1st Quarter 2015 Real Estate Market Update

Waterfront home sales, specifically water indirect homes continued to be the strongest segment of the market with 10 more units sold compared to the same period in 2014.  The strongest home price gains occurred in the water direct homes segment where prices we up and average of 28% over the past year. Beachfront Condo prices have risen 20% over the past 3 months and units sold are down by 4 units compared to 2014.  Lot prices continue to rise with the average water indirect lot up 40% over the past 12 months.  The increase in lot prices has affected sales volumes with current year units trailing last year by 21. Overall, Inventory levels are down and prices are moving higher as the selection of properties dwindles.

Marco Island Inventory levels are down 3% from this time last year and are now 64% lower than in March 2007 (see link) there are 1001 properties currently for sale on the island; 333 homes, 318 condos, and 350 lots.  Condo inventory is down 15% from this time last year, while the inventory of homes is also down 10% and lot inventory is up 23%. The total number of pending units is down 5% compared to last year with 223 properties under contract verses 235 on April 1, 2014.  10 of these pending sales are either foreclosures or short sales. There were 117 closings of Marco Island properties in the last month and 133 net new pending sales accounting for the increase in total pending units from 207 last month to 223 currently.

Click the following link to view my 1st Quarter 2015 Real Estate Market Update:
http://www.marcohomeinfo.com/1stQuarter2015RealEstateMarketAnalysis.pdf

Marco Island, 4th Quarter 2014 Real Estat

Marco Island, 4th Quarter 2014 Real Estate Market Update

Marco Island, 4th Quarter 2014 Real Estate Market Update

Waterfront home sales, specifically water indirect homes continued to be the strongest segment of the market with 26 more units sold compared to the same period in 2013.  Inland homes sales were also strong with 14 more sales this year compared to last.  The strongest home price gains occurred in the inland homes segment where prices we up and average of 22% for the year. Lot prices continue to rise with the average water indirect lot up 45% over the past 12 months.  The increase in lot prices has affected sales volumes with current year units trailing last year by 21. Overall, Inventory levels are down and prices are moving higher as the selection of properties dwindles.
 

Marco Island Inventory levels are down 9% from this time last year and are now 67% lower than in March 2007 (see link) with only 928 properties currently for sale on the island; 309 homes, 315 condos, and 304 lots.  Condo inventory is down 20% from this time last year, while the inventory of homes is down 15% and lot inventory is up 17%. The total number of pending units is down 4% compared to last year with 115 properties under contract verses 120 on January 1, 2014.  10 of these pending sales are either foreclosures or short sales. There were 82 closings of Marco Island properties in the last month and 67 net new pending sales accounting for the decrease in total pending units from 130 last month to 115 currently.


Click the following link to view my 4th Quarter 2014 Real Estate Market Update:
http://www.marcohomeinfo.com/4thQuarter2014RealEstateMarketAnalysis.pdf

Marco Island, 3rd Quarter 2014 Real Estat

Marco Island, 3rd Quarter 2014 Real Estate Market Update

Marco Island, 3rd Quarter 2014 Real Estate Market Update

Waterfront home sales, specifically water indirect homes were the strongest segment of the market with 25 more units sold compared to the same period in 2013.  Inland homes sales were also strong with 13 more sales this year compared to last.  The average beachfront condo price is up 12% for the past 12 months but off 6% for the quarter. Lot prices continue to rise with the average water indirect lot up 58% over the past 12 months, with water direct lots up 18% and inland lots up 16% over the same period.  The increase in lot prices has affected sales volumes with current year units trailing last year by 21. Overall, Inventory levels are down and prices are moving higher as the selection of properties dwindles.

Marco Island Inventory levels are down 6% from this time last year and are now 70% lower than in March 2007 with only 844 properties currently for sale on the island; 263 homes, 294 condos, and 287 lots.  Condo inventory is down 18% from this time last year, while the inventory of homes is down 13% and lot inventory is up 21%. The total number of pending units is down 25% compared to last year with 105 properties under contract verses 140 on October  1, 2013.  Only 7 of these pending sales are either foreclosures or short sales which is now only 7% of all pending sales. There were 70 closings of Marco Island properties in the last month and 52 net new pending sales accounting for the decrease in total pending units from 123 last month to 105 currently.

Click the following link to view my 3rd Quarter 2014 Real Estate Market Update:
http://www.marcohomeinfo.com/3rdQuarter2014RealEstateMarketAnalysis.pdf
 

Marco Island, 2nd Quarter 2014 Real...

Marco Island, 2nd Quarter 2014 Real Estate Market Update

Marco Island, 2nd Quarter 2014 Real Estate Market Update

Beach & gulf front condo sales continue to be the strongest segment of the market with 25 more condo units sold compared to the same period in 2013.  Water Indirect homes sales were also strong with 18 more sales this year compared to last.  The average beachfront condo price is up 20% for the past 12 months and 4% for the quarter. Lot prices continue to rise with inland lots up 36% over the past 12 months, water direct up 18% and water indirect up 21%.  The increase in lot prices has affected sales volumes with current year units trailing last year by 13. Overall, Inventory levels are down and prices are moving higher as the selection of properties dwindles.

Marco Island Inventory levels are down 6% from this time last year and are now 68% lower than in March 2007 with only 917 properties currently for sale; 292 homes, 327 condos, and 298 lots.  Condo inventory is down 23% from this time last year, while the inventory of homes is down 5% and lot inventory is up 23%. The total number of pending units is down 24% compared to last year with 134 properties under contract verses 177 on July  1, 2013.  Only 13 of these pending sales are either foreclosures or short sales which is 10% of all pending sales. There were 98 closings of Marco Island properties in the last month and 58 net new pending sales accounting for the decrease in total pending units from 174 last month to 134 currently.

Click the following link to view my 2nd Quarter 2014 Analysis:
http://www.marcohomeinfo.com/2ndQuarter2014RealEstateMarketAnalysis.pdf

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