Marco Island MLS Statistics, for Marco Island only property, continues to be a sellers market, according to Marco Island Area Association of Realtors. Active inventory continues to decrease from a year ago and pending statistics for all property types are up.

• The number of new single family listings that came on the market in October 2014 v. October 2013 was down 4.69{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (61 v. 64). The total number of single family properties active on the market decreased by 18.95{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (278 v. 343). The average sale price increased a whopping 81.28{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($979,620 v. $540397) while the median sale price for closed single family homes increased a substantial 39.22{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($710,000 v. $510,000). Total sold dollar volume for single family homes increased significantly from $15,671,500 in October 2013 to $29,388,587 in October 2014, an 87.53{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} increase.

• In regard to condo activity, number of new listings that came on the market this October v. last October increased by 7.14{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (75 v.70) and total number of condos on the market is down from last year by 22.44{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (311 v. 401). The average sale price for condos was up 31.96{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($434,843 vs. $329,521), and the median sale price for condos was also up significantly by 46.00{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($365,000 v. $250,000). Total sold dollar volume for mutli-family increased 12.65{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} from $13,510,350 in October 2013 to $15,219,490 in October 2014.

• Number of new lots coming on the market in October 2014 v. October 2013 increased 78.26{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (41 v. 23). Total number of lots active on the market increased 21.86{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (301 v. 247) from last year. Average sale price was up more than one-hundred percent at 121.76{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($459,667 v. $207,283) while median sale price was up 21.21{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($150,000 v. $123,750).

(Average sale price is total sales in dollars divided by the number of sales and median sale price means 50{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} of sales were above and 50{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} of sales were below.)

• Number of pendings for all property types is up 16.26{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03}. Single family pendings in the comparison are unchanged at 43; Lots up 5.26{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (20 v. 19); and multi-family up 21.67{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (73 v. 60).

• Number of condos closed in the comparison is down 14.63{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (35 v. 41). Number of single family homes closed is up 3.45{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (30 v.29) in the October-to-October comparison while number of lots closed was down 25.00{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (9 v. 12) in the same comparison.

• For all property types, average sale price was up 68.76{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($651,754 v. $386.210) while median sale price was up 35.94{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($435,000 v. 320,000).