Yes, it's true. Marco Island single-family home sales are lagging a little behind condos and lots as we move through the summer. Nobody is really complaining, though. What has been a busy season for all of us continues. Overall numbers are strong but single-family-homes are not quite keeping up with lots and condos. Of course, only taking June snapshots isn't the best analysis but it is a fast and dirty way to take the market's temperature.
Compared to June, 2011, SFHs sold are down 5%, avererage selling price is up 0.5% but the median price has fallen over 16%. The low median price number is certainly a shocker but I think we'll see prices bouncing in a range for some time.
Marco Island Condos, on the other hand, are having a fantastic
Here are some new stats on lot sales on Marco Island and things are looking good. Now, if we can get the prices to recover we'll really be in good shape.
