marcoislandflorida@gmail.com

The following stats compare January 2013 to January 2012

Pending single family home sales up 38%  (62 vs. 45)

Pending condominium sales up 19%  (59 vs. 51)

Single family vacant lot sales down 11%  (16 vs. 18)

Inventory:

335 Single family homes (down 14% from 2012)

526 Condominiums (down 21% from 2012)

277 Single family lots (down 20% form 2012)

Summary:

Market momentum continues to push prices upward with increases in average sales price and median sales price.  There is a slight decrease in lot sales, this is because the average sales price for lots is up 33% and the median price is up 70%.  Simply put, the cheaper lots are gone and sellers are holding out for, and getting, higher prices.  Months ago as the inventory declined I predicted that average and median sales prices would increase, and they are.  While we are in "season" many new properties are coming on the market and they are not lasting to long if they are priced competitively.   There is a pent up demand, so if you are thinking of listing your property now is a great time to do so.  The bottom of the market came and went and now we appear to be on a gradual up tick, I rang a bell months ago to signal the markets bottom.  I would also point out that while the northeast was getting pelted with 2 FEET of snow, we were enjoying sunny days in the mid to upper 70's; hard to put a price on that!

If you have any questions please feel free to e-mail or call.

Gerry Rosenblum

Prudential Florida Realty

Broker Associate

2013, 2012 & 2007 President Marco Island Area Association of 

Realtors

2008 Realtor of The Year - Marco Island 

239-450-4770 (cell)
1-888-239-5131 (toll free e-fax)
1-800-237-8817 (toll free)
To View the Entire Marco MLS go to: www.viewmarco.com