Marco Island Real Estate Statistics and Comments - First 6 months of 2017 vs 2016

The following statistics compare the first 2 quarters of 2017 to 2016

Sold Single Family Homes UP 21% (229 vs. 190)

Sold Condominiums UP 8%  (303 vs 280)

Sold Single Family Vacant Lots UP 43% (80 vs 56)

Average Sale Price Single Family Home UP .23% ($972k vs $969k)

Average Sale Price Condominium UP 9% (($544k vs $497k)

Average Sale Price Single Family Vacant Lot UP 4% ($589k vs $566k)

Total Dollar Value of all Single Family Homes Sold UP 21% ($222M vs $184M)

Total Dollar Value of all Condominiums Sold UP 18% ($165M vs $139M)

Total Dollar Value of all Single Family Lots Sold UP 49% ($47M vs $32M)

Current Inventory:

325 Single Family Homes (DOWN 6% from 2016) 

362 Condominiums (UP 8% from 2016)

302 Single Family Lots (DOWN 12% from 2016)

Summary:

$437 MILLION  dollars worth of Real Estate closed in the first 6 months on Marco Island which is almost half way to $ 1 B-I-L-L-I-O-N  Dollars (think Dr. Evil from Austin Powers, photo below) That's a 22% INCREASE when comparing this year to last; folks talk about making it rain commissions. For the faithful 7.6 readers that can't wait to read this each month, I have to tell you that the streak of $80 Million Dollar sales months ended at 3 because in June we only sold $75 Million worth of properties here on little ol' Marco. When I find the Realtors that were slacking in June I'm gonna throw them a beating. Just to be a sport, I was going to buy a $5 Million property on the last day of the month to keep the streak alive, but Barbara reminded me that we are saving up for her verticle transition surgery. (The doctors swear they can get her to 5'2") She does need some bone grafts so I have graciously agreed to donate some of my nose. 

Looking at all the green numbers upstairs proves just how great Marco is and why all the smart, tall, good looking people want to live here. And, if you are not smart, tall or good looking and you buy a property on Marco, your self-esteem will soar and you will actually begin to think you are getting smarter, taller and much better looking. Your friends up north will notice the difference and ask you if you're working out, or if you're taking some sort of supplement. This will make you feel good about yourself and you will begin to work smarter, not harder, and make more money. With more money, you will buy a better property on Marco and you will feel EVEN smarter, taller and better looking.  Ah, you ask for the science behind this phenomenon. This all goes back to when Ponce de Leon was looking for the fountain of youth in Florida. Old Ponce made one mistake in his calculations, it takes TWO fountains to create youth, along with smartness, tallness and good lookedness (a Gerry word). After a few hundred years some already smart, tall, good looking Marcoites built those two fountains, one over in Veterans Park and one at Residents Beach, then lo and behold all the Marcotonians started their transformation. Once we build the third fountain bald men will start to grow hair and the ladies will get whatever they want (within reason).

I have two public service announcements. First, our Lily (a.k.a. Willy) will be getting her driver's license August 1. Second, our Annie (a.k.a. Andy) will become 21 in August and will be getting her drinking license. 

They both did very well in the permit stages of these milestones and hopefully, they do well while fully licensed, bonded and insured. Happy birthdays to you both and if the faithful 7.6 want to send them cards, please address them to me and I will be sure that some of the cash in the envelopes gets to them. 

For all you American League and National League fans, I know you all want to know the monthly high and low sales just like you wanted to know who won the home run derby, yes it was Aaron Judge, so here goes. A home at 1771 Ludlow Road sold for $3,900,000, while a home at 1200 Fruitland closed for $260,000. A condo in Southwinds sold for $124,900, while Veracruz 1203 closed for $2,275,000. A vacant lot at 299 Sandhill sold for $163,000, while 1751 Ludlow Road closed for $3,000,000. Look closely and you see the high home and lot sale are both on Ludlow Road. Well, I have a tear down listed at 1645 Ludlow Road for just $1,299,000 and I highly reccomend it for you investors. Something for everyone... 

If you would like to be put on my daily update list of what is coming on the market, just send me an email and I'll plug you in. 

If you want to take Barb and me out to dinner, don't be shy, just ask!

And remember, I won't be out thought or out fought. 

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 

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