Marco Island Real Estate Market Conditions
Of course, you're aware of the general aspects of the Florida real estate market, but, if you're going to buy or sell, you'll want to learn the specifics. More precisely, you'll want to know what the current state of the Marco Island market is and if you can get some insider information, even better.
Generally, the Marco Island real estate market really couldn't be more healthy. The real estate crisis of 2006, when values started to plummet as a result of the mortgage market collapse, is over a decade behind us. Since the market bottomed-out in 2011, we've enjoyed a strong and steady recovery.
Even Hurricane Irma in 2017 couldn't derail our market. Marco Island withstood a direct hit from a Category 3 hurricane and sustained very little damage. Aside from a lot of roof damage, there wasn't much to report. The trees and foliage took the brunt of it. A few beachfront condos lost some windows, but, all in all, our little island showed its true mettle.
I think the island's performance in the hurricane was one reason why the market was so hot in the first quarter of 2018. Houses and condos were flying off the shelves as buyers realized their hurricane fears were over-blown (no pun intended).
Every month, we take a look at the stats and give away a little inside information in a report we email to our clients. Getting on the list is easy. Just drop us a note below and you'll receive monthly stats and information that'll make you confident in your next transaction.