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Marco Island, 2nd Quarter 2018 Real...

Marco Island, 2nd Quarter 2018 Real Estate Market Update

Marco Island, 2nd Quarter 2018 Real Estate Market Update
There was a 8% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes up 2% , water indirect down 7% and Inland homes up 14%.  Over the last 12 months the average water direct lot sale price was up 5%, indirect lot average prices were down 1%, and Inland lot prices were down an average of 3%.  Total home units sold in 2018 versus the same period in 2017 were down 14, with 6 fewer water indirect, 6 fewer water indirect, and 2 fewer inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 21, with 6 fewer water direct, 8 fewer water indirect, and 7 fewer inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were down 9, with 16 fewer beach/gulf, 12 more waterfront, and 5 fewer inland condos sold. Overall, Inventory levels are down 9% from last year, with the number of pending units on July 1,2018 also down  by 6% compared to July 2017.

Click the following link to view my 2nd Quarter 2018 Real Estate Market Update:
http://www.marcohomeinfo.com/2ndQuarter2018RealEstateMarketAnalysis.pdf

Marco Island Florida - July 1, 2018 Inventory Analysis
Marco Island Inventory levels are Down 9% from this time last year.  There are 894 properties currently for sale on the island; 264 homes, 340 condos, and 290 lots.  Condo inventory is down 5% from this time last year, while the inventory of homes is down 18% and lot inventory is down 4%.  The number of Pending Home sales is down 10% compared to last year, Pending Condos are up 11% and the number of Pending Lots is down 35%.  The total number of all pending units is down 6% compared to last year with 109 properties now under contract vs. 116 on July 1, 2017. There were 95 closings of Marco Island properties in the last month and 65 net new pending sales accounting for the decrease in total pending units from 139 last month to 109 currently.  

Click the following link to view my July 1, 2018 Inventory Analysis:
http://marcohomeinfo.com/InventoryanalysisJuly12018.pdf
Marco Island, 1st Quarter 2018 Real...

Marco Island, 1st Quarter 2018 Real Estate Market Update

Marco Island, 1st Quarter 2018 Real Estate Market Update
There was a 4% decrease in the number of homes sold in 2018 compared to 2017. Average home prices were mixed over the past 12 months with water direct homes up 7% , water indirect down 16% and Inland homes up 7%.  Lot sales slowed in the 1st quarter, but were up year over year 9%. Over the last 12 months the average water direct lot sale price was down 20% with 12 sales in the quarter, indirect lot average prices were up 4% with 10 sales, and Inland lot prices were up an average of 3% on 7 sales.  Total home units sold in 2018 versus the same period in 2017 were down 5, with 9 fewer water indirect, 2 more water indirect, and 2 more inland homes sold.  Total lot units sold in 2018 versus the same period in 2017 were down 13, with 3 fewer water direct, 0 more water indirect, and 10 less inland lots sold.  Total condo units sold in 2018 versus the same period in 2017 were down 5, with 2 more beach/gulf, 2 more waterfront, and 9 fewer inland condos sold. Overall, Inventory levels are down 11% from last year, with pending units up by 15% in 2018.

Click the following link to view my 1st Quarter 2018 Real Estate Market Update:
http://www.marcohomeinfo.com/1stQuarter2018RealEstateMarketAnalysis.pdf

Marco Island Florida - April 1, 2018 Inventory Analysis
Marco Island Inventory levels are Down 11% from this time last year.  There are 1000 properties currently for sale on the island; 321 homes, 376 condos, and 303 lots.  Condo inventory is down 7% from this time last year, while the inventory of homes is down 19% and lot inventory is down 7%.  The number of Pending Home sales is up 5% compared to last year, Pending Condos are down 3% and the number of Pending Lots is down 6%.  The total number of all pending units is down only 1% compared to last year with 171 properties now under contract vs. 173 on April 1, 2017. There were 100 closings of Marco Island properties in the last month and 116 net new pending sales accounting for the increase in total pending units from 155 last month to 171 currently.  In summary, the pace of sales continue with lower inventory putting further pressure on supply.

Click the following link to view my April 1, 2018 Inventory Analysis:
http://marcohomeinfo.com/InventoryanalysisApril12018.pdf?
Marco Island, 4th Quarter 2017 Real...

Marco Island, 4th Quarter 2017 Real Estate Market Update

Marco Island, 4th Quarter 2017 Real Estate Market Update
There was a 7% increase in the number of homes sold in 2017 compared to 2016. Average home prices were mixed over the past 12 months with water direct homes down 6% , water indirect down 4% and Inland homes up 4%.  Lot sales slowed in the 4th quarter, but were up year over year. Over the last 12 months the average water direct lot sale price was down 37% with only 3 sales in the quarter, indirect lot average prices were up 3%, and Inland lot prices were up an average of 14%.  Total home units sold in 2017 versus the same period in 2016 were up 25, with 10 more water direct, 2 fewer water indirect, and 17 more inland homes sold.  Total lot units sold in 2017 versus the same period in 2016 were up 42, with 5 more water direct, 12 more water indirect, and 25 more inland lots sold.  Total condo units sold in 2017 versus the same period in 2016 were down 19, with 29 fewer beach/gulf, 7 more waterfront, and 7 fewer inland condos sold. Overall, Inventory levels are down 16% from last year, units sold are up by 48 in 2017 with 19 fewer condos, 25 more homes, and 42 more lots sold this year vs. last year..

Click the following link to view my 4th Quarter 2017 Real Estate Market Update:
http://www.marcohomeinfo.com/4thQuarter2017RealEstateMarketAnalysis.pdf

Marco Island Florida - January 1, 2018 Inventory Analysis
Marco Island Inventory levels are Down 16% from this time last year.  There are 880 properties currently for sale on the island; 284 homes, 322 condos, and 274 lots.  Condo inventory is down 15% from this time last year, while the inventory of homes is down 22% and lot inventory is down 11%. Pending Sales of Homes is flat compared to last year, pending Condos are down 11% and the number of Pending Lots is down 27%.  The total number of all pending units is down 10% compared to last year with 84 properties now under contract vs. 93 on January 1, 2017. There were 77 closings of Marco Island properties in the last month and 67 net new pending sales accounting for the decrease in total pending units from 94 last month to 84 currently.

Click the following link to view my January 1, 2018 Inventory Analysis:
http://marcohomeinfo.com/InventoryanalysisJanuary12018.pdf
Marco Island, 3rd Quarter 2017 Real...

Marco Island, 3rd Quarter 2017 Real Estate Market Update

Marco Island, 3rd Quarter 2017 Real Estate Market Update
There was a 15% increase in the number of homes sold in 2017 compared to the first 9 months of 2016. Average home prices were mixed over the past 12 months with water direct homes down 18% , water indirect up 7% and Inland homes up 2%.  The average Lot prices have jumped with the higher end of the market selling better. Over the last 12 months the average water direct lot sale price was up 20%, indirect lot average prices were up 9%, and Inland lot was down 3%.  Total home units sold in 2017 versus the same period in 2016 were up 32, with 12 more water direct, 8 more water indirect, and 12 more inland homes sold.  Total lot units sold in 2017 versus the same period in 2016 were up 44, with 10 more water direct, 15 more water indirect, and 19 more inland lots sold.  Total condo units sold in 2017 versus the same period in 2016 were down 20, with 14 fewer beach/gulf, 12 fewer waterfront, and 6 more inland condos sold. Overall, Inventory levels are down 9% from last year, units sold are up by 56 in 2017 with 20 fewer condos, 32 more homes, and 44 more lots sold this year vs. last year..

Click the following link to view my 3rd Quarter 2017 Real Estate Market Update:
http://www.marcohomeinfo.com/3rdQuarter2017RealEstateMarketAnalysis.pdf

Marco Island Florida - October 1, 2017 Inventory Analysis
*While September is typically a slower month, IRMA has definitely distorted the numbers.  We are back up and running and I expect a rebound in the coming months.
 
Marco Island Inventory levels are Down 9% from this time last year.  There are 886 properties currently for sale on the island; 286 homes, 319 condos, and 281 lots.  Condo inventory is down 7% from this time last year, while the inventory of homes is down 6% and lot inventory is down 15%. Pending Sales of Homes is down 25%,  Pending Condos are up 28% and the number of Pending Lots is down 11%.  The total number of all pending units is down 5% compared to last year with 87 properties now under contract vs. 92 on October 1, 2016. There were 37 closings of Marco Island properties in the last month and 13 net new pending sales accounting for the decrease in total pending units from 111 last month to 87 currently.

Click the following link to view my October 1, 2017 Inventory Analysis:
http://marcohomeinfo.com/InventoryanalysisOctober12017.pdf
Marco Island, 2nd Quarter 2017 Real...

Marco Island, 2nd Quarter 2017 Real Estate Market Update

Marco Island, 2nd Quarter 2017 Real Estate Market Update
There was a 22% increase in the number of homes sold in 2017 compared to the first 6 months of 2016. Average home prices were mixed over the past 12 months with water direct homes down 11% , water indirect up 15% and Inland homes up 5%.  The average Lot prices have jumped with the higher end of the market selling better. Over the last 12 months the average water direct sale price was up 8%, indirect average prices were down 5%, and Inland was down 17%.  Total home units sold in 2017 versus the same period in 2016 were up 41, with 16 more water direct, 19 more water indirect, and 6 more inland homes sold. Overall, Inventory levels are down 4% from last year, units sold are up by 67 in 2017 with 2 fewer condos, 41 more homes, and 28 more lots sold this year vs. last year..

Click the following link to view my 2nd Quarter 2017 Real Estate Market Update:
http://www.marcohomeinfo.com/2ndQuarter2017RealEstateMarketAnalysis.pdf

Marco Island Florida - July 1, 2017 Inventory Analysis
Marco Island Inventory levels are Down 4% from this time last year.  There are 982 properties currently for sale on the island; 321 homes, 358 condos, and 303 lots.  Condo inventory is up 7% from this time last year, while the inventory of homes is down 4% and lot inventory is down 13%. Pending Sales of Homes is down 19%,  Pending Condos are down 21% and the number of Pending Lots is up 100%.  The total number of all pending units is down 11% compared to last year with 116 properties now under contract vs. 130 on July 1, 2016. There were 97 closings of Marco Island properties in the last month and 59 net new pending sales accounting for the decrease in total pending units from 154 last month to 116 currently.

Click the following link to view my July 1, 2017 Inventory Analysis:
http://marcohomeinfo.com/InventoryanalysisJuly12017.pdf?

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