Sold single family home sales UP 38% (29 vs. 21)
Sold condominium sales UP 9% (38 vs. 35)
Sold single family vacant lots UP 300% (20 vs. 5)
Pending condominium sales UP 58% (93 vs. 63)
Pending single family vacant lot sales UP 53% (32 vs. 21)
Inventory:
395 Single family homes (up 13% from 2013)
402 Condominiums (down 26% from 2013)
277 Single family lots (down 1% form 2013)
Summary:
A total of $48 Million dollars worth of real estate closed on Marco Island in the Month of January. ($59 Million dollars worth in December 2013 and $32 Million in January 2013). The new year has shown no slow down in sales here on Marco Island. Interest rates remain very favorable and the appetite for well priced properties is being met by the limited supply. Vacant Lots are selling like crazy and if you drive around the Island you will see many new homes being constructed. Many smart folks are buying the lots now in anticipation of building their dream home some day. And, if you never build the home years from now, you may have simply just made a good investment. The average sales price for all property types sold this January was 5.35% higher than last January.
If you are thinking of selling, it is a great time to do so, as the low inventory may result in a fairly quick sale. And for you buyers, get in sooner rather than later as it looks like prices will continue to slowly rise. Please e-mail, call or text me if you have any questions.
For 2014 Trip Advisor ranked Marco Island the #1 Island in the United States and #4 in the WORLD! Click here to see for yourself http://www.
Gerry Rosenblum
Broker Associate
Berkshire Hathaway HomeServices Florida Realty
2013, 2012 & 2007 President Marco Island Area Association of
Realtors
2008 Realtor of The Year - Marco Island
E-mail Marcoislandflorida@gmail.com
To View the Entire Marco MLS go to: www.viewmarco.com
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