Thursday, December 4, 2025

The following stats compare November 2024 to November 2025


Gerry Rosenblum





Sold Single Family Homes UP 90% (10 vs 19)

Sold Condominiums UP 109% (11 vs 23)
Sold Single Family Vacant Lots
Who cares (2 vs 1)

Inventory:
185 Single-Family homes
283 Condominiums
70 Single Family Vacant Lots
538 Total Homes, Condos, and Vacant Lots for sale.

Here is a little nugget, the average price negotiated off the asking price on single family homes in November was 7%, for condos it was 7%, and for the one lot it was 15%.

Summary:

A total of $56 Million dollars worth of real estate closed on Marco Island in November of 2025. Last November the number was $37 Million. I have been a prognosticator of Real Estate for decades, and folks, I am here to tell you that if you want in on Marco Island, now is the time to do it. The stars are aligning; the stock market is very strong and people are pulling millions of short term gains out of Nvidia, Apple, and Microsoft, to put into hard assets like Marco Island Real Estate. The Federal Reserve is looking at more interest rate cuts which helps real estate. Those that know me well, know I was only wrong once in my life, and that had nothing to do with Real Estate, and I'm not wrong now.  Get in while the getting is good as we are heading into the busy season. And if you're selling, and want to wait thinking you will get more money, then don't listen to any of this and get out now while the getting is good. Pigs get fat, hogs go to slaughter. Real Estate is like a Ferrari, it can turn on a dime. If you want to talk or ask questions, go into greater detail or whatever, call me, text me, or email me. My email is MarcoIslandFlorida@gmail.com, my email address alone should tell you sumptin.

There is a bit of a side story with the new laws that went into effect July 1st for condos regarding Reserve and Milestone studies, and I am happy to discuss those if you email, call, or text. In short, they are hurting some condos, but will be a positive going forward in the long run as you will know the buildings are being properly maintained.

.6 of my faithful 7.6 readers have been emailing me asking why I've not been sending this trash email out each month like I used to.  Well, 3.2 of the 7.6 know I've had some medical things and I'm not as witty lately, (Ok, I never was) and even though I know you actually read this for the statistical and market advice, I do this rant because it usually makes me laugh; self gratification I guess.  So, I will give you a bit of a medical update.  As you know, it started about 5 years ago when they found some C in my appendix.  So, they took that out with most of my colon.  Then a piece of my kidney went a couple years later.  Then this past May a bit of my stomach went. The secret behind all of this is Dr. Porc, my French Gastroenterologist/Urologist/Nephrologist. Now, Dr. Porc started out as a truffle hunter in France, but his sense of smell was so acute, he found so many truffles he drove the prices down.  The other local truffle hunters/sniffers decided to pool their money and send Porc to America to become a doctor, to preserve their livelihood and drive prices back up. While working in the hospital, Porc discovered his sense of smell offered an uncanny ability to sniff out cancer in patients. The first time I met Dr. Porc I was scheduled for a colonoscopy, right before the anethistia hit, I felt them pull up my gown, Porc bent down, took a big sniff and said "something is amiss here" or he said "nice ass", but that doesn't matter. He sniffed out the problem and surgery followed.  A few years later I went back  in for a visit and Porc said "go pee in that cup", I did, he sniffs the pee and says "yup, it's back, and it smells like a kidney". Tests confirm his nose, and surgery happens.  On another visit, he offered to do a testicular test, but I declined, and suggested his cute nurse give a sniff, but, sadly she had a prior nose and boob job by Porcs buddy, Dr. Suess, and could only smell bad green eggs and ham. Oh, the places she will go. Anyway, Dr. Porc said "hey, if you have testicular cancer and we have to remove the boys, what do you care?, you don't need them anymore". I replied "True, but they look so sporty in the locker room". Moving forward again, this past May, Porc said "open up wide", stuck his nose in my mouth and said "I'm getting a distinct smell of cancer, mixed with a hint of a Crown Royal Manhattan". Let's just say Porc is a savant.  Fast forward again, and I'm sitting in my favorite chair #8 at OPIS getting an infusion with the rest of the lottery losers. At OPIS there is a girl that pushes a "snack cart" from chair to chair. I kid you not. Now, between the people puking, having diarrhea, or both, this girl has a hard time giving this stuff away, but she is undaunted, and has a smile that lights up the room.  She has these little cans of Shasta soda which I haven't seen in 55 years.  I ask, "why the small cans", she replies, "less puke to clean up".  I nod as you can't argue with perfect logic and I appreciate her more than ever. Now, one day the OPIS nurse comes to my chair and tells me that from now I don't have to come there for infusions, and I can do shots at home instead. I smile and tell her "I don't do shots, I drink Manhattans at home". Nurse Ratchet doesn't smile, but explains further that I can go home and inject myself 3 times a day in the stomach instead of being stuck in the bullpen with everyone else.  The highlight of that day was when the nurses were teaching me to give myself shots. I stood in the middle of the room with my shirt off, flexing hard for the ladies, and got a big cheer when I finally stuck the needle in myself, on the 87th attempt, without passing out. Fast forward to Thanksgiving, my boys Andy and Willy come home so they can make reservations for dinner at Kretch's for "Kretchgiving".  They see the needles and stuff laying around and ask if they can give me shots.  "Sure" I say, and I give them a 17 second tutorial on how to do it safely and humanely. To their utter delight, they realize that this stuff takes 31 seconds (literally) to inject from the syringe. During the 31 seconds it feels like lit gasoline is being pushed in and the pias de resistance (Dr. Porc taught me that French term), is when the needle is pulled out, it's like someone now stuck a little firecracker in the hole and blows it up.  The boys think this is the greatest thing ever and for the 4 days they were here they would fight over who got to inject me. After each shot they would ask if the shot they gave me hurt, and when I lied and said "no", I could see the disappointment on their faces. Luckily, all those years of drinking Manhattans paid off, as drinking gasoline toughened me up.

Now, the 7.6 faithful know there is some connection here to Real Estate, and here it is.  A good Realtor can sniff out a great deal in any market.  Conversely, that same Realtor can sniff out a bad deal.  It's all about instinct and trust. I could think Porc is a Quack, or you could think I'm a hack, but I've sold hundreds of millions of dollars of real estate in good and bad markets and Porc has saved hundreds of patients, (we will ignore the ones he lost when he had a cold with a stuffy nose), regardless,  I'm here to sniff for you.  Hey, when Porc sniffed my butt and thought he smelled cancer, I could have scoffed at him and told him, that's a rose-in-bloom you're smelling, but I didn't and I trusted him. Also, that Candy Striper pushing that cart of free snacks knows that nobody wants anything, but once in a while she gets that devil may care patient that chugs that Shasta with a Biscoff cookie, and they keep it down.  Same thing in real estate, sometimes when the market seems bleak, and you think you will wait for it to hit bottom, you need to realize maybe this is the bottom, it's time to jump in, before all the good snacks are gone.

The inquiring 7.6 faithful readers demand to know The high and low Sales for November, and they are as follows:

Single-family home, 61 Nautilus Court closed for $6,100,000. Condo, Belize Penthouse 2202 closed for $5,650,000.  I showed this condo to Mr. and Mrs. Corridor one time and it was so beautiful.  One of the few times I wish I had the money to buy something that extravagant myself.

For the bargain hunters, a 3-bedroom home at 1746 Dogwood Drive closed for $600,000,  A 1bed /1bath condo in Coquina Gardens closed for $170,000 and it was cute as a button.  YES, NOT EVERYONE ON MARCO ISLAND NEEDS TO SPEND A FORTUNE TO LIVE HERE.  

Only one dang lot sold in all of November, so it wins as both the high and low sale for the month.  1668 Mcilvane Court for $1,925,000.  This is like being in a 1 person race where you both are the winner and runner up.

If you are thinking of using me as your Realtor, keep in mind that I will never be out thought or out fought.  

Lastly, and most importantly, have those colonoscopies, mammograms, dermatological exams, annual physicals, or whatever your doctor suggests. Don't wait, just do it.

Old nasty newsletters can be read at: viewmarco.blogspot.com/

Gerry Rosenblum

Broker Associate


Berkshire Hathaway HomeServices Florida Realty

2024  #1 Berkshire Hathaway agent in the State of Florida

2013, 2012 & 2007 President Marco Island Area Association of 
Realtors

2008 Realtor of The Year - Marco Island 

239-450-4770 (cell)
1-800-237-8817 (toll-free)
To View the Entire Marco MLS go to: www.viewmarco.com

Wednesday, January 8, 2025

Marco Island Real Estate Stats and Commentary 2024 Big Year End Review

Total Value of All Property Sold on Marco Island DOWN 2.6%
2024 $1.208 Billion
2023 $1.240 Billion 

Total Number of Sales on Marco Island (All Property Types) DOWN 1.6%
2024 - 821
2023 - 834

Number of Sold Single Family Homes UP 5% 
2024 - 363
2023 - 345

Number of Sold Condominiums DOWN .75% 
2024 - 395
2023 - 398

Number of Sold Single Family Vacant Lots DOWN 41%
2024 - 49
2023 - 74

Average Sale Price of a Single Family Homes Sold DOWN 4.6%
2024 - $2,100,000 
2023 - $2,200,000

Average Sale Price of a Condominium Sold was UP 3% 
2024 - $1,000,000 
2023 -  $970,000

Average Sale Price of a Single Family Vacant Lot was DOWN 11%
2024 - $910,000 
2023 - $1,020,000

The overall List to sell Ratio was 94%. This means that on average properties sold within 6of their asking price. Put another way, the average sale price was negotiated down 6% from the asking price.  


Current Inventory of Single Family Homes is 242
Current Inventory of Condominiums is 337 
Current Inventory of Vacant Single Family Lots is 68 

State Of The Real Estate Market Address:


2024 was very similar overall when compared to 2023 for Marco Island Real Estate. Some odd dynamics are happening in the condo market that look to be a bit troublesome for the foreseeable future.  Insurance companies are hammering condo associations with rate increases, and these increases are having a dramatic effect on monthly condo fees, driving them up. I would guesstimate that in the last 5 years condo fees have probably doubled. The second and third issue facing most condos is that under new laws all buildings occupied before 1992 must complete a milestone inspection by Dec. 31, 2024. This is an examination of the building’s structural integrity by an architect or engineer. The requirement also applies to buildings at least 25 years old that are within 3 miles of the coast. If the milestone inspection finds a potential structural problem, testing is required to determine if structural repairs are needed. If they are, owners must fund these repairs without an option to waive by vote. The new regulations also require associations to budget and collect sufficient reserves to cover the cost of maintaining and replacing expensive wear-and-tear items such as roofs, elevators, and balconies. I know what you just read is very dry and I wish I could make it funny. I belive at some point I hope/believe there will be some sort of political intervention that hopefully alleviate some of these issues.  Another purely armchair observation I have regarding the market has to deal with demographics.  I think a large portion of Marco Island residents came here in the 1990's and early 2000's when Marco was becoming more popular, it is my feeling that many of these folks are now finding themselves at a point in their lives where they may be moving elsewhere. As for me, I'm checking out the new Assisted Living facility on Marco, if the food is good, I'm moving in myself. Overall, just like the Rona virus and everything else negative that happens in the world, the Real Estate market will adjust to these new norms and it will persevere.  

 

My faithful 7.6 readers know that I have been single for quite a few years now, and deservingly so they would say.  A few years back I tried the online dating scene and I am here to give you some pro tip interpretations about what the ladies write in their bios and what they really mean. Love Golf = they drink. Drink Socially = They go to Happy Hour 7 days a week and drink. Don't Drink =  Anymore since something really bad happened 3 or 4 times.  Only drink on weekends =  they drink from 5:00 PM Friday to 8:00 PM Sunday, non-stop.  Foodie = Husky. Slim = Anorexic or bi-polar (who knew there were so many women that had homes in the North and South Poles).  Curvy = They are from the midwest and it's winter. Searching for Mr. Right = Been divorced 3 or more times. Self-sufficient = Big divorce settlement from Mr. Wrong. Animal lover = Crazy cat lady. Cuddler = Clingy. Not looking for a one-night stand = let's meet in the afternoon. Sexy = Boob job, also paid for by Mr. Wrong. Licensed Medical Practioner = They have a medical marijuana card.  I'm just scratching the surface here folks as nothing is ever as it seems.  

Now I know I don't bring much to the table but I thought honesty was my best shot, but for the second time in my life I was wrong.  Here is the exact bio I put in with my real photos on a dating site: "I’m scrawny, I walk funny, I look bad from behind and not too good from the front either. I’m crass, snarky, sarcastic, and hate to travel. I have longish hair and all of my teeth and I'm not sure if I smell. Did I mention terrible in bed? I like fast cars and dive bars. I love my two sons, Andy and Willy, and ahi tuna tacos."  For whatever reasons, be it the photos or what I wrote, I only had one match and we dated on and off and on and off and on and off until she couldn't take it anymore and went into the witness protection program.  So, realizing I needed some help I did what everyone does today, I turned to ChatGPT and figured I'd let AI or Artificial Intelligence take a crack at it for me.  So, I took my exact wording, ran it through their mainframe computer a dozen or so times and this is what it came up with " I have a lean build, my walk has been compared to a sexy saunter. My appearance from both behind and the front is statuesque and alluring. My personality is, dare I say, unique and will leave you speechless. I don't care for traveling, as there is no need when you can be home with me. I have longish hair like Fabio, teeth like Mr. Ed, and some say I smell like a rose in bloom. I can't boast about my performance in the bedroom, but at least I'm easy to please. On the positive side, I enjoy fast cars and dive bars, sometimes in the same night for a bit of devil-may-care. My heart is full of love for my two boys Andy and Willy, and I can’t resist the allure of ahi tuna tacos".  I swapped out my photos for some of Brad Pitt and suddenly I am a commodity. I can't actually meet any of these matches because then the truth would be revealed, so I remain untethered waiting for Mrs. Write. 

Now I know 3.2 of my 7.6 faithful readers have been tested and have genius IQs and know exactly how this translates into Real Estate, but for the other 4.4 faithful readers who aren't geniuses but special in other ways, I will explain.  Zillow, Realtor.com, Trulia, and Redfin, and others are nothing but real estate dating websites. Now, I understand that no other Realtor in the world has the literary gift I have when it comes to writing and free-style punctuation, but the stuff they are putting on the internet using ChatGPT is worse than what boring unattractive people lie about on Tinder. Talk about trying to pull a quick one.  And the Real Estate photographers with their trick lenses and Photoshop abilities are wreckless.  Folks, do not believe for one second what you read or see on these Real Estate websites. Now go read that last sentence one more time. You gotta go out with a Realtor, preferably me, and see these properties in real life with all their warts, blemishes, coverups, and yes SMELLS.  There is no substitute for a little touchy-feely as long as it's consensual, so make sure you ask that Realtor if it's okay before you start snooping through the medicine cabinet and nightstand. 




The Highs and Lows of 2024:
The most expensive home sale was 680 South Barfield Court at $11,100,000.  The least expensive home was 283 South Heathwood Drive at $550,000.  Condos at Madeira 1506 lead the way at $7,200,000 as the top dog, and Aquarius T3 was the bargain at $199,000 For vacant lots we have 185 Stillwater Court closing at $3,100,000.  And for the least expensive lot we have 2040 Dogwood Ave closing at $30,000.  Listen to me and you'll get rich.



Old nasty newsletters can be read at: https://viewmarco.blogspot.com/

Gerry Rosenblum

Broker Associate
Berkshire Hathaway HomeServices Florida Realty

2024  #1 Berkshire Hathaway agent in the State of Florida

2013, 2012 & 2007 President Marco Island Area Association of 
Realtors

2008 Realtor of The Year - Marco Island 

239-450-4770 (cell)
1-800-237-8817 (toll-free)
To View the Entire Marco MLS go to: www.viewmarco.com





 
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