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Marco Island Market Report

Posted by Sue Boyle on Thursday, December 20th, 2012 at 2:14pm.

Marco Island Real Estate For Sale

I'm happy to report that our market is going strong and shows no sign of letting up!  The Marco Island Area Association of Realtors has compiled the numbers for the month of November:

  • 85 Total Properties Closed- $44 million dollars in total sales (this includes Commercial and Time Shares)
  • 28 Single Family Homes Closed- $19 million dollars in total sales, average sales price $678,000
  • 42 Condos Closed- $20 million dollars in total sales, average sales price $477,000
  • 14 Vacant Home Sites Closed- $3 million dollars in total sales, average sales price $219,000

96 Total Properties went under contract in November:

  • 33 Single Family Homes
  • 47 Condiminiums
  • 14 Vacant Homesites

Current Inventory:

This is great news!  Sales are up, the dollar volume of sales are up as are the prices for the month of November.  This is exiting to see since the prices year-to-date are down 1%.  I'm confident, as my fellow Realtors seem to be, that sales and prices will only continue to climb.  While the financing market remains tight, Marco Island sees lots of cash purchases which should help prices climb.  This is due to the fact that appraisals are not a factor.  If someone did want to finance though, interest rates are still below 4%.  I love good news before the new year!  If you have any questions about our market or any of the listings you see on our site, don't hesitate to contact The Boyle Team anytime! 




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