The following statistics compare October of 2017 to 2016
Sold Single Family Homes UP 4% (26 vs 25)
Sold Condominiums UP 38% (29 vs 21)
Sold Single Family Vacant Lots DOWN 14% (6 vs 7)
Pending Condominiums UP 3% (33 vs 32)
Pending Single Family Vacant Lots DOWN 50% (9 vs 18)
(Pending means it went under contract but has not closed yet)
Inventory:
289 Single Family Homes (DOWN 13% from 2016)
329 Condominiums (DOWN 11% from 2016)
280 Single Family Vacant Lots DOWN 14% from 2016)
Summary:
A total of $48 Million dollars worth of real estate closed on Marco Island in the Month of October 2017. $22 Million dollars last month and $47 Million in September 2016 (last year). Always one for full disclosure, some of the sales this month were postponements caused by Irma from last month. HOWEVER, I would like to point out the pending sales in October for Homes and Condos that went under contract after the storm were at a pace AHEAD of last year. Ding Dong Irma is gone.
Now, my faithful 7.6 readers hang on almost every word I type, so I would now like to draw your attention to the inventory numbers above. They are down for homes, down for condos and down for lots... But, all Collier County property owners just received a nice letter from the tax assessor mentioning their Real Estate taxes and that often triggers many to put their properties on the market so inventories should start to creep up. Why?, because the taxes are SO LOW around here these folks want to move somewhere else where they can pay higher taxes and feel good about themselves for helping fill the coffers of some poorer county or state. My 7.6 faithful kinda like the idea of low taxes and tall Manhattans. That makes it hard for me to get my past buyers to sell unless they want to upgrade so they can have the joy of getting a bigger tax break. Smart, smart, smart.
Do you all know the book "A Christmas Carol - by Charles Dickens"? Do you remember the first 2 sentences? If not here they are "Marley was dead, to begin with. There is no doubt whatever about that." Now, I ain't no Charles Dickens, but you don't see me starting my newsletter with that kind of negativity. (Obviously, Dickens could never write with my flair.) And now, on cue, my faithful 7.6 readers ask "what does this have to do with Real Estate on Marco Island?" I'll tell you what, don't be like Jacob Marley. He is Scrooge's deceased business partner, now a chained and tormented ghost, doomed to wander the earth forevermore as punishment for his greedy, selfish and uncaring attitude towards mankind. Had he purchased a home, lot or condo on Marco Island, his whole attitude would have changed and he would have lived a long, healthy prosperous life with his very tall and tan wife. Also, you need to keep Ebeneezer Scrooge in mind and realize it's never too late to change your ways and part with some of the money you salted away. If you love where you live, life can be better for you, and your favorite Realtor. Why, if I had a great year I would consider buying my two favorite children Annie and Lily their own properties as a future investment. That might get them to stop calling me Scrooge. (now where did I put that coal?)
We all know it is the holiday time of the year and Barb and I are loosening our belts in anticipation of all the great dinner invites we are going to receive. Why, just a few weeks ago, JW and Mary had the pleasure of buying us dinner at Ciao Bella and as far as I am concerned, I swear they had one of their most jovial nights out in a long time. I encourage all of you to experience the joy and pleasure of the Barb and Gerry show which includes a no holds barred discussion of my first wife along with my second favorite children Andy and Willy.
And, as an added special treat this month I wish to include the lyrics to a little ditty I wrote. To begin with I need you to start singing in your head the tune for the 12 Days of Christmas song. You know, On the first day of Christmas my true love gave to me, da dada da, hum humhum hum and you know how it goes. Now keep that tune a going and sing out loud and proud the following lyrics for the newest Marco Island Christmahanakwanzika song.
On the first day of Christmahanakwanzika,
my true love sent to me
A Home on Partridge Court, Marco Island.
On the second day of Christmahanakwanzika,
my true love sent to me
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the third day of Christmahanakwanzika,
my true love sent to me
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the fourth day of Christmahanakwanzika,
my true love sent to me
my true love sent to me
4 Burrowing Owls
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the fifth day of Christmahanakwanzika,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the fifth day of Christmahanakwanzika,
my true love sent to me
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the sixth day of Christmahanakwanzika,
my true love sent to me
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the seventh day of Christmahanakwanzika,
my true love sent to me
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the eighth day of Christmahanakwanzika,
my true love sent to me
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the ninth day of Christmahanakwanzika,
my true love sent to me
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the tenth day of Christmahanakwanzika,
my true love sent to me
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the eleventh day of Christmahanakwanzika,
my true love sent to me
Eleven Golfers golfing,
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
my true love sent to me
Eleven Golfers golfing,
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
And a Home on Partridge Court, Marco Island.
On the twelfth day of Christmahanakwanzika,
my true love sent to me
Twelve Customers a-buying,
Eleven Golfers golfing,
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
AND A HOME ON PARTRIDGE COURT, MARCO ISLAND.......
my true love sent to me
Twelve Customers a-buying,
Eleven Golfers golfing,
Ten Tarpon a-leaping,
Nine Stone Crabs cracking,
Eight Manatees a-milking,
Seven Snooks a-swimming,
Six Tennis Players a-playing,
Five Golden Sunsets
Four Burrowings Owls,
Three French Restaurants,
Two Gopher Tortoises,
AND A HOME ON PARTRIDGE COURT, MARCO ISLAND.......
For the faithful 7.6 readers who beg to know each month's high and low sale, here you go: The highs for the month are... a Single-Family Home for $7 Million at 188 South Beach in Hideaway. For Condos, Veracruz 2101 closed for $3.3 Million. For Vacant Lots, 1425 Butterfield Court closed for $1,600,000.
For you bargain hunters out there, a Single Family Home at 1245 North Collier Blvd closed for $271,000. In Condos, we have Aquarius A-3 closing at $133,000 and a Vacant Lot at 104 Covewood closed for $76,000!
As always, please reach out and contact me if you have any real estate questions.
And, if you are thinking of using me as your Realtor, keep in mind that I will never be out thought or out fought.
I still await the dinner invitations.
Gerry Rosenblum
Broker Associate
Berkshire Hathaway HomeServices Florida Realty
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
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
That Rudolph is still the runt and I hope Santa "picks up" like a dog owner would.
