The following stats compare June 2022 to June 2021
Sold Single Family Homes Down 62% (37 vs 97)
Sold Condominiums Down 38% (76 vs 123)
Sold Single Family Vacant Lots DOWN 72% (9 vs 32)
Inventory:
122 Single Family Homes
127 Condominiums
80 Single Family Vacant Lots
329 Total Homes, Condos, and Vacant Lots for sale. THIS NUMBER IS STARTING TO CLIMB!
Summary:
A total of $130 Million dollars worth of real estate closed on Marco Island in June 2022. Last month we sold $196 Million and last June the number was $232 Million. Ok, Ok, it has been a while since I last wrote to my 7.6 faithful readers. Again, I will blame it on the meds they have me hooked on which have turned me into Rip Van RosenWinkle. Luckily, for those that like to read this smut, (unluckily for those that don't) I have awoken and am here to report about the Marco real estate market. Speaking of pills, on the back of the huge vial of little blue pills I have, it states "what goes up, must come down". (Now that's a double entendre if I ever heard one). The hot market sure was fun while it lasted, but we are getting back to a more flaccid state. (I know what you're thinking...my mastery of the English vocabulary even amazes me sometimes).
Speaking of states. Recently, my younger one Willy called me up all excited to say he got accepted to Graduate School at Columbia. I said "that is fantastic" as I scratched my head and thought to myself "Willy can barely speak Spanish, why is he going to attend school in Columbia down in South America?". After I expressed my dismay, Willy said "no you idiot, Columbia as in Manhattan". I googled Manhattan and see that it's a town in Kansas as well as a very refreshing cocktail. I said, "are you going to get a dog, name it Toto, wear Louboutin sneakers, and move to Kansas?". Willy said "you really are an idiot, Manhattan as in New York City, you know the Big Apple!" Ahhhhh, now when I got divorced I lost half of my money and most of my sanity. Willy and Andy are now working on whatever I had left. I should never have let them all attend that magician camp where they learned how to make things disappear.
In other news, I recently spent months in training to become a Guardian ad Litem (Google it if you don't know what it is). I got my first case and recently went to court to represent my child. In the courtroom they have you sit in a specific seat. There is a point where the judge introduces all of the parties, and when he got to me he said "And your name is sir, and why are you here?". I said, "Gerald Rosenblum as Guardian ad Litem your honor". He repeated it and thanked me. Later on due to a technicality it was agreed that the case would be continued and everyone was dismissed. There was a little chit-chat between the attorneys and the judge, and the case was called back to order. Due to protocol the judge reintroduced everyone and when he got to me he said "Mr. Rosen......Berg?" I said, "It's Rosenblum, you had a 50/50 chance and blew it Judge Macafee" (his real name is Mcfee). He didn't laugh, said I embarrassed him and the court. I got out in 30 days and now know what Contempt of Court actually means. Luckily my cellmate was in for being a litter bug.
Now, as excited as my 7.6 faithful readers are to have me back and have something to read while on the toilet, they are even more excited to figure out what Columbia, Manhattan, and Judge McFee have to do with real estate, and I'm just the person to tell you. It's all about the name. There are multiple Columbias and a few Manhattans. (Fun Fact: the cocktails are like eyes and boobs, 1 is not enough, 2 is just right, and 3 is too many) and Luckily there is one mean old Judge Mcfee, and ONLY 1 Marco Island. There is no confusion that Marco Island is the greatest place to live, work, play, and drink Manhattans. And when you are singularly, the one and only best place in the world, then people will always want to buy real estate there. And when people buy and sell (I almost typed "cell" as a flashback to my jail days) you will always have a market. Sure, the prices go up and down a bit, but you can't put a price or value on living in Paradise. Right now rising interest rates and a declining stock market are causing the market to slow, but I can assure you there is only one Marco Island and there is no confusing this is where you want and need to be. (Fun Fact #2: Years ago Blood, Sweat and Tears had a song with the lyrics - "What goes up must come down". I bet you never knew it was a song about Real Estate prognostication?) In short, come get some.
The inquiring 7.6 faithful readers demand to know The high and low Sales for June, and they are as follows:
Single-family home, 970 Partdrige Court $3,950,000. Condo, Hideaway Villa #6 closed for $6,500,000. The vacant lot at 921 Giralda Court closed for $1,350,000.
For the bargain hunters, a 2 bedroom home at 368 Castaways closed for $599,000, A condo in Southwinds, unit B4 closed for $275,000, and a vacant lot at 2011 Sheffield closed for $250,000. I'm telling you there are still value deals to be had.
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.blogspot.com/
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
 |
|
|
