MARCO ISLAND REAL ESTATE SUMMARY SEPTEMBER 2015

MLS statistics, released by the Marco Island Area Association of Realtors® for Marco Island only properties compare August 2015 to August 2014. Inventory decreased 15.60{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} from a year ago for all property types while at the same time the median sale price for all property types jumped 4.94{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} from $405,000 to $425,000 according to Susan Ackerson, President.

• The number of new single family listings that came on the market in August 2015 v. August 2014 decreased 6.25{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (30 v. 32). The total number of single family properties active on the market in the year-to-year comparison decreased 11.81{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (239 v. 271). The median sale price for closed single family homes increased 8.71{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($577,500 v. $531,250). Total sold dollar volume for single family homes decreased in August 2015 to $16,533,850 from $24,034,000 in August 2014, a 31.21{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} decrease.

• In regard to condo activity, number of new listings that came on the market this August v. last August decreased 15.00{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (34 v.40). Total number of condos on the market from last year decreased 25.41{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (226 v. 303). The median sale price for condos was up 24.48{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($357,250 v. $287,000). Total sold dollar volume for multi-family increased 28.10{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} from $13,014,559 in August 2014 to $16,671,000 in August 2015.

• Number of new lots coming on the market in August 2015 v. August 2014 increased 20.00{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (18 v. 15). Total number of lots active on the market decreased 5.88{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (272 v. 289) from last year. Median sale price decreased 48.21{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($145,000 v. $280,000). Total sold dollar volume decreased 55.21{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} ($1,544,900 v. $3,449,250).

(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 down 13.45{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03}. Single family pendings in the comparison down 20.41{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (39 v. 49); Lots up 63.64{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (18 v. 11); and multi-family down 25.42{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (44 v. 59).

• Number of condos closed in the comparison decreased 15.79{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (32 v. 38). Number of single family homes closed is down 38.10{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (26 v.42) in the August-to-August comparison while number of lots closed decreased 20.00{b625ae8fc1ab51a1b4bc3bb9ab54ef8d28b38ca759cb0171c638fe7e178ebb03} (8 v. 10) in the same comparison.

As always, please contact a local Realtor® professional, Emily or Todd at 239-677-4507 if you have any questions.