The following stats compare February 2021 to February 2020
Sold Single Family Homes UP 41% (45 vs 32)
Sold Condominiums UP 73% (76 vs 44)
Sold Single Family Vacant Lots UP 127% (39 vs 13)
Pending Single Family Homes UP 41% (116 vs 82)
Pending Condominiums UP 122% (153 vs 69)
Pending Single Family Vacant Lots UP 113% (66 vs 31)
(Pending means it went under contract but has not closed yet)
Inventory:
86 Single Family Homes (DOWN 72% from 2020)
139 Condominiums (DOWN 63% from 2019)
81 Single Family Vacant Lots (DOWN 69% from 2019)
306 Total Homes, Condos, and Vacant Lots for sale. THIS NUMBER IS VERY LOW!
Summary:
A total of $142 Million dollars worth of real estate closed on Marco Island in February 2021. Last month we sold $139 Million and last February (A Leap Year February) the number was a measly $72 Million. Unless you live under a rock, under the Jolley Bridge, or in a yurt, you have all been hearing about how hot the market is, but I'm telling you there are no words to describe the unbridled enthusiasm that is taking place. And, unlike runs in the past, I predict there won't be a pullback. I truly believe that once and for all the world has discovered Marco Island and people are seeing the value of living here. The Marco way of life comes at a price that thousands of people are willing to pay for and can afford. Here is an example, an agent listed a rundown waterfront home on Marco this week for $595,000 and within 6 hours she had 31 offers on the property, with the winner offering more than $200,000 over the asking price. Ultimately the Seller is happy, the Buyer is happy, and I'll bet you a roll of toilet paper both Realtors are happy too. If you are thinking of selling your property now is the time to list it. I don't see the market pulling back, but I do believe you will start to see resistance from Buyer's willing to keep pushing things much higher. The inventory is at an epic low and properties are selling within days of coming on the market, in spite of the flurry, I truly believe Marco Island still represents a great value when compared to other high-end waterfront communities in the U.S.
Speaking of toilet paper, my faithful 7.6 readers know I now live alone and I am happy to report that I finally figured out who the a$$hole is that wasn't replacing the toilet paper roll when it was empty all these years. I also now know who the a$$hole is that leaves empty milk cartons and half-open flat cans of soda (or pop for you midwesterners, or soder for us Jersey folks). I believe they are the same person and I feel sorry for him once I get my hands on him. However, I haven't figured out why the bed does not make itself, but I now realize, much to my sadness, there apparently is no bedmaking fairy. Because there is no bed fairy, I came to the conclusion there is no sense in making the bed since I'm just going to get it in it (when I'm not sleeping on the couch or floor) and mess it up. This made my mind take a quantum leap and I decided to only sleep on the couch or floor thereby never having to make the bed. (see what a deep thinker I am). Now, sleeping in odd places causes me to have a bad back, forcing me to see a chiropractor which costs a lot of money, so I don't bother to go. Again, I hope you can keep up with how rapidly I problem-solve. With the money I saved on not going to the chiropractor, I started going to a psychiatrist. He tells me I am a "constant stream of consciousness and it's hard for him to figure out what I'm thinking about for more than 10 seconds" followed by "here, take this pill, it'll calm us both down". As a matter of fact, at my last visit, he told me he doesn't want to see me anymore as a patient because I'm driving him crazy, which seems to be what I do to everyone, hence, why I live alone. Back to living alone, I have to ask a question: Do you need to use air freshener in the bathroom when you live alone? This brings me back to the toilet paper subject. I have had a few surgeries now that have gone awry and I would like to personally thank the Charmin company for their concern for my bum during these trying times. Just like in Real Estate, the job isn't finished until the paperwork is all done, and you want that to go as smoothly as possible. That makes me think that toilet paper is made from trees, which are rough and barky; how do they end up getting is so smooth and absorbent? Recently I went to my internist, Dr. BoBo, and told him "I pee every morning at 5:00 and poop at 6:00". He said "what's the problem?", I said, "I don't wake up until 7:00". I know that's an old one, but very apropos for my new lifestyle. Do you know you can buy a Banquet T.V. dinner at Walmart for $1.00? Stay away from the one titled "Backyard Barbecue", I'm not sure who's backyard they are talking about, but our dog used to poop in the backyard, just saying. Now, this paragraph is just a snippet of what goes on in my brain 24/7 so the 7.6 faithful can get a glimpse of what a constant stream of consciousness feels like. lt ain't easy being me and I now understand, as do you, why I live alone. This leads me to the next paragraph where I will explain how The Gerry's Fable (like Aesop's, only more disjointed) I just wrote about relates to Real Estate.
This one is a bit trickier than explanations of the past, but here is how the above applies to Real Estate. Sometimes, not all the time, you yourself are the problem. I have clients that overthink things, underthink things, don't think about things, could care less about things, and the worst are those that wonder about things. Such as, " I wonder how much they will take" ... "I wonder what you think they will take"... "I wonder if they are highly motivated and are looking to dump this property and I am about to get the greatest deal in the history of Real Estate". Now, the faithful 7.6 know I am a master grammartist and word inventor extraordinaire, and you will notice none of those 3 previous statements ends with a question mark. While they seem like questions, they are just thoughts that travel through the customer's brain, they go nowhere, mean nothing, and end up in the random consciousness of their brain. My job is to let those thoughts rattle around in their head for a while, then use my magical powers to read their mind, then subliminally get the deal worked out in their head without the use of any Charmin. Folks, I can certainly attest to the fact that life is difficult sometimes, Real Estate does not have to be difficult, and if you put your trust in my brain I can almost guarantee a successful result. After all, I was only wrong once and that had nothing to do with Real Estate.
The inquiring 7.6 faithful readers demand to know The high and low Sales for February, and they are as follows:
Single-family home, 985 Caxambas drive for $3,875,000. Condo, Veracruz 2401 closed for $3,700,000. The vacant lot at 1411 Caxambas Drive closed for $3,500,000. 3 is a magical number.
For the bargain hunters and those that are certainly in the money, a 3 bedroom home at 1495 Bermuda closed for $390,000, A condo in Seabreeze F8 closed for $99,900, and a vacant lot at 1872 Dogwood Drive closed for 85,000. YES, you can still get a great deal on Marco Island, but these will start to vanish.
Yes, I am growing my hair because the last thing the Shrink told me to do was to get a hobby. I tried taking up shooting guns, but that ended up in a bloody mess. I tried becoming a Vodka taste tester at the Tito's factory, but they fired me for taking my work home with me. I almost applied to be a quality control inspector at the Charmin plant, but I heard the working conditions there were crappy. My boys Andie and Willy suggested I grow my hair as it would take all day every day, and I could do it while I take my daily walk. They know I like to multitask so it turned out to be the perfect hobby for me. Sometimes I even chew gum and triple task. If it looks like I'm losing weight it's because of all the Banquet T.V. dinners I now eat because nobody invites me out, I hope that's due to covid and not my personality. Lastly, to all my faithful 7.6 readers, please tell all your family members you love them...because you can.
If you are thinking of using me as your Realtor, keep in mind that I will never be out thought or out fought.
Past boring newsletters can be viewed here: https://viewmarco.
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
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