Marco Island Real Estate Stats and Commentary For November 2018 HOLIDAY ISSUE

The following statistics compare November 2018 to 2017

Sold Single Family Homes DOWN 5%  (20 vs 21)

Sold Condominiums UP 21% (34 vs 28)

Sold Single Family Vacant Lots UP 50%  (6 vs 4)

Pending Single Family Homes DOWN 36% (25 vs 39)

Pending Condominiums DOWN 11% (34 vs 38)

Pending Single Family Vacant Lots EVEN 8 vs 8)

(Pending means it went under contract but has not closed yet)

Inventory:

305 Single Family Homes (EVEN from 2017)

381 Condominiums (UP14% from 2017)

304 Single Family Vacant Lots (UP 8% from 2017)

990 Total - Creeping up

Summary:

A total of $46 Million dollars worth of real estate closed on Marco Island in the Month of November 2018. $50 Million dollars last month and $52 Million last November. When I type the numbers above I use last months email as a template. The more I change Red to Green or Green to Red I am drawn to pay closer attention to those numbers. (We do get an occasional Blue when we need help.) Anyway, there seems to be a little easing in the market and I can't put my finger on it. Could be there was a lot of activity post Irma last year, could be the stock market has cooled off, could be Santa will get you a new home in December and the numbers will go up then, could be a combination of these things. An interesting note is that across the board the average sale price this November was $759,000 vs. $972,000 last November.  Nothing to be alarmed with here, that is simply attributed to large number of high end sales that happened last year.  I can also tell you the Median Sale price comparing the same period  was $471,000 vs $443,000. That tells you prices are moving up. Overall, I think there is a just a little lull in the market, interest rates are creeping slightly, appraisals for the 40% +/- deals are becoming tougher as the prices creep up and that just slows down the whole process. In reaction to all this I can delve deeper and tell you there were 109 Price reductions in the MLS in November and 8 price increases.  The Seller's are getting the message and starting to pull back a bit to stimulate interest in their properties. The Buyer's seem to be a tick away jumping in. All is good.

I wasn't feeling very creative this month so I simply wrote a little poem below. (My 7.6 faithful must first read a bit more crap before you get to the poemy part). The poem by the way, is a hyper rare example of Haikulimerciksonnetnarrativeepiccoupletfreestyle form of poetry. It is so rare you will probably never see another one like it again.

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 $2,337,500 at 1285 Martinique Court. For Condos, Cozumel 1504 closed for $2,250,000. For Vacant Lots, 850 Sea Dune Lane. closed for $1,000,000 in Hideaway.

For you bargain hunters out there, a 3 bed/2 bath Single Family Home at 1245 N. Collier Blvd. closed for $350,000. In Condos, we have a 1 bedroom Marco Villa closing at  $129,000 and a Vacant Lot at 929 Whiskey Creek Dr. closed for $169,000 in Key Marco.  There are still great deals to be had.

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. 

Barb and I are open to anyone that wants to take us to dinner so we can share the secret of our 25 years of battle. Last week we had a great dinner at the Island Cafe with the Corridor's.  Now, as those of you that have taken Barb and I out for a boring dinner know, I don't order, I let the Server choose my dinner and surprise me.  WELL, Mrs. Corridor has upped the ante.  She decided I would leave the table for a minute and she would choose my dinner. Well, let's just say she could not have chosen anything better and I loved it, the surprise and their company.

Now let the show begin:

Twas the night before closing as I lay with my spouse,

Not a creature was stirring since Truly Nolen fumigated the house.

The closing papers were all piled on the chair with care,

In hopes that tomorrow we could close without fanfare.

The Buyer’s and Seller’s were nestled all snug in their beds,

While visions of tomorrows closing danced in their heads.

The loose tiles on the roof were still an unsettled issue,

So I cried, my nose ran, oy I need a tissue.

And Barb in her jammies, and me going commando,

We had just settled in to hear Abba sing Fernando.

When out on the lanai there arose such a clatter,

I sprang from my bed because I used to be much fatter.

Away to the slider, I ran like a flash,

Tore the screen open which cost me some cash.

The moon on the breast stuffed with fresh silicone,

Luckily is something we don't need in our home.

When what to my bloodshot eyes did appear,

But a Viking Yacht with a dog in the rear.

With a little old captain so lively and hairy,

I knew in a moment he must be Hanukkah Harry.

More rapid than seniors driving to an early bird supper,

He docked his yacht, I believe called Fudrucker.

He burped and tooted as he called his dogs name,

Come Mensch, grab Gerry, and let's show him we got game.

So I hopped in the boat and off to the Seller's home we did float, 

With a copy of the roofer's huge repair quote.

As we climbed the ladder, Harry got madder,

As he realized fixing the roof was no small matter.

He was dressed in work pants sporting a hammer and file, 

I was blessed to find he had the correct color tile.

As he worked in the moonlight, his face shown like a round dish,

He got hungry and asked for some gefilte fish. 

His eyes how they twinkled and gleamed just like my Pops, 

Got larger the longer he sipped on the Schnapps. 

He worked through the night till he had a five o'clock shadow,

He had a purpose of mind that was very narrow. 

Because I was curious and just had to know,

I wiped my brow and let this one go.

I threw out the question Hillary or Trump? 

He refused to answer and called me a chump.

We climbed down the ladder and I looked up at his work, 

I knew right away I didn't have to become a desk clerk. 

Both sides of the deal now, and everyone happy, 

I know the lawyer will close this one snappy.

I shook Harry's hand as he boarded his boat, 

I was so happy I got choked up in my throat.

I wished I could have thanked him for all he'd done,

But I was too late, and watched him ride off into the sun.

But I heard him exclaim, ere he drove out the Marina, 

Happy Holidays to all and like a Snowbird I'll see ya!

To my Faithful 7.6 readers, I hope all your dreams and wishes come true in 2019!

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