Marco Island Real Estate Stats and Commentary BIG 2025 Year End Review

 

Total Value of All Property Sold on Marco Island UP 1.1% 2025 $1.128 Billion 2024 $1.116 Billion  Total Number of Sales on Marco Island (All Property Types) DOWN .4% 2025 - 769 2024 - 772 Number of Sold Single Family Homes UP 5%  2025 - 431 2024 - 411 Number of Sold Condominiums DOWN 5.8%  2025 - 355 2024 - 377 Number of Sold Single Family Vacant Lots DOWN 5% 2025 - 40 2024 - 42 Average Sale Price of a Single Family Homes Sold UP 2.5% 2025 - $2,004,000  2024 - $1,952,000 Average Sale Price of a Condominium Sold was DOWN 5.4%  2025 - $946,000 2024 -  $1,000,000 Average Sale Price of a Single Family Vacant Lot was UP 37% 2025 - $1,287,000 2024 - $941,000 The overall List to sell Ratio was 91%. This means that on average properties sold within 9% of their asking price. Put another way, the average sale price was negotiated down 9% from the asking price.   Current Inventory of Single-Family Homes is 204 Current Inventory of Condominiums is 321 Current Inventory of Vacant Single-Family Lots is 62 State Of The Real Estate Market Address: 2025 was once again an excellent year for Marco Island real estate, with over $1 billion in total sales. As I predicted last year in this highly accurate newsletter, the condo market experienced a temporary downswing. This was largely driven by rising condo fees across the board due to increased insurance costs and new Florida laws enacted this past July. These laws require condominiums to fully fund their reserves and to complete structural integrity studies for all buildings three habitable stories or taller. As a result, some associations were forced to levy special assessments to meet their financial obligations. In most cases, those assessments have now been paid by existing owners. Looking ahead to 2026, I expect the condo market to regain momentum, as these major financial hurdles are largely behind us. The single-family home market, particularly at the high end, is experiencing unprecedented growth. Vacant land remains a highly sought-after commodity, and as I have stated many times in the past, if you’re looking for a place to park some money, buying a vacant lot and land-banking it continues to be a smart long-term strategy. Overall, interest rates are slowly trending downward, and the stock market is hitting record highs as I write this, both of which are absolutely fantastic for real estate. I remain very bullish, optimistic, and excited about the Marco Island market. I truly believe this is a great time to buy, as we may soon see another rush of buyers eager to secure their own piece of paradise. Now, for the fun part: So, I spent New Year's Eve in South Beach, Miami, as usual.  The next morning I had my traditional meal of scrambled eggs, corned beef hash, home fries, and dry rye with strawberry jam at the 11th Street Diner. As my faithful 7.6 readers know, I don't, or should I say can't drink coffee because I'm naturally wired and it has a bad effect on me, making me nastier than my normal nasty self. But, on this fateful morning, I downed two cups for fun. After breakfast I rented a little electric scooter and went for a ride to see the sites. Around noon I passed by Club Deuce on 14th street, which is a little dive bar that I have been to once or thrice. On this New Years day,  there were about 50 Harley Davidson motorcycles out front and I figured I'd go in and see what's up.  I elbowed up to the bar, ordered up a Crown Royal Manhattan, and thought I'd make friends with my fellow Bikers.  It turns out that Mongo, the guy next to me, was the recruitment officer for this nice group of fellows.  I forget the name of the club, but it was Devil's Angels, Charlie's Angels, or something with Angels in it. Anyways, I tell Mongo I could be interested in joining, he laughs and tells me there are a few requirements to join their club.  I said "What's the first one"?  He said "You have to have at least two tattoos.  I replied, "Done".  I then kicked off my flip flops, put my feet in the air and showed him the two huge tattoos I have on my pinky toes with my boys’ names, (a story for another newsletter), and he said "Hmm, interesting, why your pinky toes?"  I told him "The most painful place to get a tattoo is on the side of your pinky toe and only people tough as nails get them there, that's why".  Mongo then called out to the other club members and said "Anybody got a pinky toe tattoo in here?".  Not one person said yes and I'm guesstimating there were 17,844 total tattoos in that room. Mongo said "Fine, you pass that test, now you have to pass the scar test".  I said "which is?".  Mongo said you have to have at least two scars 2' long at a minimum.  Again, I said "Done". So, I pulled down my shorts and pulled up my shirt and showed him my scar from my hernia operation and my right colectomy.  Mongo looked them over and said, "They don't count, it's got to be from a fight or something".  I felt the air going out of me, then Mongo said "Hey, what's that other scar on your stomach? I said "Oh, that's from the time a bullet ricocheted and hit me there, but it's not 2" per the club requirements".  He said "Hold on" and yelled out, "Anybody got a gunshot scar on their stomach?".  A few of the members stepped up and showed the ones on their arms, legs, faces, backs, butts, but no stomachs.  Those members and I then kidded about the mistake of bringing a knife to a gunfight, but that too, is a story for another day.  Mongo then huddled up with a few of the other members named Dog, Ace, Killer, Porky, Tiny, and Doug. After a brief conference Mongo said "Ok, the boys and I agree that we will make an exception and say your scar passes the test, now if you can meet the third and most important requirement you're in".  I said, "And that is?", he said " You need to ride a bike". I said, "Can you be a bit more specific?".  Mongo said, "Most of us ride Harleys, a few ride Indians, but no matter what, it has to be a bike with two wheels, no trikes either". I said "May I invite you gentlemen outside then"?  With that, the entire club walked outside and I proceeded to fire up my electric scooter.  I first did a few bunny hops on the road to loosen up, then I tried to pull off a 360, but only nailed a 180; math isn't their strong suit, so nobody even calculated the mistake.  I then popped a wheelie and rode it about 22' and then came zooming back topping out at 18 MPH and did a cool skid in front of everyone, Napoleon Dynamite style.  Mongo and the rest of the guys were standing there, some were laughing, some had their mouths agape with drool, (which I later learned was normal for them), and some were just turning around and going back to the bar (highly impressed I imagined).  Mongo put his arm around me and said "Kid, we all like your tenacity and ignorance, if you can come in and hold your own drinking with us, you're in the club". I said, "This way to the bar gentlemen". At that moment Mongo said "I see you like Manhattans, you know the old saying Manhattans are like boobs, one's not enough, two is just right and three is too many"? I said, "Why yes Mr. Mongo sir, I have heard that old wives tale". Mongo then said, "If we were to let you join, you will need a nickname. We all have one, well except for Doug, what do your friends call you". I replied, "Well, I don't have any friends, I'm a lone wolf, but when I was younger, people called me Rosie". Mongo said, "That doesn't sound tough enough". I said, "My nickname came from Rosie Grier, one of the toughest football players that ever lived (I think his real name was Phil and he had a side piece Lisa as I recall), and besides, nobody messes with a guy named Rosie, because, after all, who would want to lose a fight to guy named Rosie?" Doug then chimed in and said "Rosie sounds pretty tough to me", and Mongo capitulated. Moving on, after Mongo and the boys started passing out after their third Manhattan, I just kept drinking until the sun started to rise over the Atlantic Ocean. At 5:00 AM, I turned to the barkeep and said, "Where I grew up, we used to say "Manhattans are like eggs, 11 isn't enough, 12 is just right, and you get 13 if the bartender moonlights as a Baker". The Bartender smiled, made my 13th Manhattan of the marathon and said, "It's on me, and by the way, my name is Roosevelt Baker".  All my years of training paid off, and I casually fired back number 13.  Sadly, I had to return my scooter by 7 AM while Mongo and the boys were all still passed out, so I never found out if I was in the gang or not.  Regardless, I'm typing this at the 11th street diner, and today I'm going with the soft poached eggs, because that's what us tough tatted up lone wolves eat... Now the faithful 7.6 readers know this has something to do with Real Estate, what with all the drinking, gangs, scars, tattoos and such.  And here is the puzzle put together.  When you move to a new town, neighborhood, and most definitely a condominium, you are joining a new group of people that most certainly have things that bind them together. Marco as a community has bikers, (both motorcycles and bicycles), drinkers, golfers, tennis and pickleball players, tanners, boaters (motor, sail, pedal, and paddle), shoppers, diners, swimmers, swingers (so I’ve heard), readers, puzzlers (at the library). Did I mention drinkers?  Pretty much anything you can think of, there is a group doing it on Marco and you can join their "gang" and be a part of the action.  Heck, there are people that do any and all combinations of the above and you just have to watch out for the ones that combine the drinking with a few of the others or join them for that matter. If you are more of a stay-at-home passive aggressive type, you can even be a keyboard warrior and join one of the Marco Island Facebook pages and express your opinions on a myriad of important topics, such as what restaurant has the best pizza. Then you can argue with whoever doesn't agree with your choice for best pizza, as you are an expert being that you are from New York, New Jersey, Connecticut or Chicago. However, if the topic turns to wings, nobody argues with the Buffalo Bills mafia.  Now, regarding the condos here, they are the toughest bunch of roughians Marco has to offer, and many of the condos have "Condo Commandos" who make sure rules are followed. Nobody pees in the pool (I do sneak one in once in a while and the water never turns blue), nobody skinny dips, nobody plays loud music, dogs are measured and weighed, cars are ticketed, but ultimately, no matter what, you get in line, or you pay the fine.  Why, I myself live in a condo, we have an owner whose name is "Rocky". Do you think anybody is going to argue with him, or his wife Adrian? No way, they have carte blanche. I spent a little time on a state paid vacation way back when, and towards the end of my stay I went before a "board" and told them what a good person I have become, and those board members had ice in their hearts and coal for eyes.  Turns out, those are two prerequisites to serve on a condo board as well.  Now, I may be exaggerating just a weeeeee bit here, but, as a Realtor, I say condo life doesn't work for everyone. You need to ponder some things about your behavior, drinking capabilities/constitution, and ability to play nicely in the sandbox with everyone before you put on the denim or leather jacket with the patches and condo name on the back. Here is the #1 rule to survive living in a condo, remember that the rules apply to everyone BUT you. Remember that, and you will have no problem adjusting to condo living.  The Highs and Lows of 2025: The most expensive home sale was 1451 Salvadore Court at $13,301,4140, and that is a real number folks which came out to a whopping $2,051 per sq. ft. of home.  The least expensive home was 458 Quail Drive at $5000,000, which was $274 per sq. ft, now that's a smart buyer.  Condos 1000 Royal Marco Way Cottage #5 led the way at $8,000,000 as the top dog, and Southwinds A2 was the bargain at $155,00, a nice 1 bedroom.  For vacant lots we have 992 ROYAL MARCO WAY at $6,550,000, and yes, this is a BEACH FRONT lot.  And for the least expensive lot we have 2011 Sheffield Ave closing at $185,000.  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

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

Marco Island Real Estate Stats and Commentary - February 2021

 

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.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

 

Marco Island Real Estate Stats and Commentary December 2020 YEAR END

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Gerry Rosenblum	2:29 PM (26 minutes ago)
The following stats compare December 2020 to December 2019 Sold Single Family Homes UP 40% (569 vs 406)  Sold Condominiums UP 34% (621 vs 462) Sold Single Family Vacant Lots UP 127% (272 vs 1200) Pending Single Family Homes UP 76% (58 vs 33) Pending Condominiums UP 123% (89 vs 40) Pending Single Family Vacant Lots UP 169% (43 vs 16) (Pending means it went under contract but has not closed yet) Inventory: 117 Single Family Homes (DOWN 60% from 2019) 246 Condominiums (DOWN 36% from 2019) 113 Single Family Vacant Lots (DOWN 60% from 2019) 476 Total Homes, Condos, and Vacant Lots for sale. THIS NUMBER IS VERY LOW! Summary: A total of $1.137 BILLION dollars worth of real estate closed on Marco Island in 2020. Yes folks, that is a B there for Billion. In 2019 the total was $708 Million. I want you to read that last sentence a few times and let it sink in, $1,137,455,174.00 was the actual number and that is a big booty number. For a visual I want you to think of Dr. Evil from Austin Powers saying "1 Billion Dollars". What makes it all the more remarkable is that the "C" word (that is Covid for you deplorables) descended upon us and everyone was thinking we were in for a world of hurt Real Estate wise. The great minds in the US Treasury started sending out checks for $600 dollars to everyone to stimulate the economy, which I personally thought was fruitless. But, I am here to tell you that I was 100% wrong! The ingenuity of the American public is not to be underestimated. Somehow people took that $600 and were able to figure out a way to purchase homes, condos, and lots with it. I'm still scratching my head a bit on this one, but they know something I don't know. I can tell you that lots of people started working from home and realized they will keep working from home since their companies can save money on water coolers, coffee, and office rent. The really smart workers figured they might as well work from home on Marco Island because they can play hookey once in a while from the job and enjoy Paradise year-round instead of a few weeks a year. Those that weren't as bold bought vacant lots and will wait and see if this thing works, and if it does, they will start building homes here with nice offices in them I guess.  Moreover, being a prognosticator, I am a bit concerned that all the new people I see lollygagging around on the beach all day are really supposed to be home on their computers working on the cure for cancer or how to send manned rockets to Mars and back. I have a bit of fear that this work at home thing might backfire a bit. Regardless, back to the subject, the Real Estate Market on Marco was absolutely on fire this year. The numbers will start to drop off a bit now, not because the demand is down, but because there is a low inventory of property available to purchase. SO, IF YOU WERE THINKING OF SELLING YOUR PROPERTY THERE IS NO BETTER TIME TO DO IN THAN RIGHT NOW!. Besides an on-fire market, we are now actually entering what is usually the busy and strongest time of the year so it would seem there is no let-up in sight. Interest rates are low, the stock market is strong, and the Treasury just started sending out more $600 checks, so hold on to your seats. I have been remiss in sending out this newsletter to my faithful 7.6 readers for the past few months and the .6 reached out to me recently and said "listen, I know you've had a very tough year with getting sick and divorced, and whatever else happened to you, but those are your problems, not mine. And when you let your problems become my problems, then we both have a problem and I'm not standing for that. So, why don't you make like all the stay at home workers, get your butt over to the computer, and start typing some Real Estate facts and figures so I know whether to sell my condo or buy another as an investment". I took those words to heart and am now hammering away at my keyboard with my lame hand so all of you are informed and entertained at my expense. For the other 7 out of the 7.6, who care more about a story with a real estate moral than the facts and figures, here we go. With the C-word going on, I have all kinds of doctor visits that are done via Zoom and Facetime instead of in person. Now, I am all for keeping people safe and all that, but it is hard to be dealing with medical issues online.  I recently was chatting it up on Facetime with my Urologist, whom I really like, regarding something I am smuggling in my body. We have a nice chat, go over some test results, talk about some new pills and whatnot, and about life in general. Now, for all of you men out there, you know that a normal visit to the Urologists office always ends with the one-finger salute to check your prostate. As we are wrapping up our conversation my doctor said "so you live alone now", to which I replied "yes". He said, "do you have any close neighbors or friends nearby that you could call on to lend a hand?" I said "what for?", he said, "you know, we need to check your prostate". I said "it's good", he said, "oh, you checked it yourself?". I said, "no, but I'm pretty sure it's okay". He said, "okay, I'll let it go this time, but next time you need to have somewhere with you when we Facetime".  I let it go, but about 2 weeks later my neighbor called up who sees the same doctor and said "hey, can you stopover for a minute and lend me a hand, Dr. G is on the phone?". I think this whole telemedicine thing has some kinks that need to be worked out. Now the moral of the story, without question, is that in Real Estate, just like medicine, you want a trained professional to help you. Stop listening to what your friends, family, and neighbors tell you about the market and speak to a licensed Realtor (preferably me). Please believe me when I tell you Zillow and Trulia are not the experts. Quit listening to every Tom, Dick, and Harry, and no matter what, don't take matters into your own hands and try to do it yourself. The inquiring 7.6 faithful readers demand to know The high and low Sales for 2020, and they are as follows: Single-family home, 475 Gate House Way in Hideaway closed for $10,500,000. It was on the market for 25 days. Condo, Belize 2305 closed for $5,124,000 and it was on the market for 25 days. and a vacant lot at 350 Seabreeze Drive closed for $3,350,000 and it was on the market for 302 days.   For the bargain hunters and those that are certainly in the money, a 2 bedroom home at 168 Dogwood Drive closed for $325,000 (76 days on the market) A condo in Coquina Gardens closed for $95,000 (43 days on the market), and a vacant lot at 185 Dogwood Drive closed for 55,000, (138 days on the market). YES, you can still get a great deal on Marco Island, but not like these anymore. I want to make a little public service announcement to thank everyone that has gone out of their way these past few months, feeding me, driving me, and checking on me. (now I know what it feels like to be a common house plant).  I especially want to thank my sons Andy and Willy who have done more for me than I could ever have dreamt of. And 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.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 Copyright © 2021 Berkshire Hathaway HomeServices Florida Realty, All rights reserved. A fun way to follow the Real Estate Market on Marco Island.

Marco Island Real Estate Stats and Commentary for July 2020

The following stats compare July 2020 to July 2019.

Sold Single Family Homes UP 24% (36 vs 24)  8 SALES  over $1,000,000.00
Sold Condominiums UP 18% (45 vs 38)
Sold Single Family Vacant Lots UP 140% (24 vs 10)

Pending Single Family Homes UP 100% (88 vs 44)
Pending Condominiums UP 68% (67 vs 40)
Pending Single Family Vacant Lots UP 164% (29 vs 11)
(Pending means it went under contract but has not closed yet)

Inventory:
166 Single Family Homes (DOWN 42% from 2019)
320 Condominiums (DOWN 12% from 2019)
181 Single Family Vacant Lots (DOWN 41% from 2019)
667 Total Homes, Condos, and Vacant Lots for sale. THIS NUMBER IS VERY LOW!

Summary:

A total of $68 Million dollars worth of real estate closed on Marco Island in the Month of July 2020. $83 Million dollars last month and $55 Million in June 2019 (last year).  You would think we were having wildfires here on Marco because lot sales are so hot. I've been telling my 7.6 faithful readers for a year to get in the lot game and thank goodness 4.2 of you listened. Single-family home sales are also very strong and the condos are dong pretty well. The average closed sale price across the board is down to $651,000 which is about 9% lower than this time last year. A few years ago I was laying in a hospital bed with a kidney stone the size of my fist that was aching to get out. The nice doctor gave me a shot of something in my belly and said "this too shall pass". Next thing you know the nurse put on her catcher's mitt and out popped my first of 6 babies. Now, a few months ago when the COVID started up everyone was freaking out thinking the market would crash. Well, I knew that they aren't building any more Paradises and I think if the end is near folks are going to want to go out on Marco Island instead of Detroit or Hackensack. I just knew everything would be cool and I wrote "this too shall pass" harkening back to old Dr. Bellypoker. And guess what? The COVID is still wreaking havoc on the world but our real estate market is just fine. The biggest issue brewing now is the inventory is terribly low and that makes it a bit harder to find exactly what you want. And when what you want comes on the market jump on it like the early bird.

I flew back and forth from New Jersey to Florida over the summer on Spirit Airlines. Now for those of you that have never flown on Spirit you get a tiny cramped seat on the plane and the round trip ticket was literally $78.62 tax, tags, and title out the door. You cant drive a hybrid from New Jersey to Florida without spending more on gas than $78.62.  Where does Spirit get you? You want to bring a bag? - that's an extra $40 or so. I beat that by wearing three pairs of underwear, three pairs of pants and 4 shirts. I obviously bring an extra shirt in case I get spaghetti sauce on one. The plane was spotless and they no longer reuse the barf bags. If they ask if you want a drink, your options are Yes or No. They did lock the doors to the bathrooms which is concerning to the enlarged prostate flyers, but after a few "accidents" they opened them. As the flight attendant was explaining the oxygen masks she said "for those of you flying with more than one small child, now is a good time to figure out which kid you like the best so you can put their mask on first." That made me think of my boys Andy and Willie, little did they know depending on the time of day and who was being the bigger PITA, that may have dictated their survival rate during depressurization. The flight attendant then said there is a good chance we could have an emergency landing in the ocean and when that happens we will immediately switch names from Spirit Airlines to Spirit Cruise Lines. I felt under my seat for a life jacket and all I found was blank space where it used to be and a note that said "swim". There were about 20 people on the plane and they let you social distance yourselves, I tried to get everyone to sit on the left side of the plane thinking it would be like a boat and list to the one side freaking out the pilot. Before I had the chance to do that, Captain Sully came out of his cabin and explained that because of the COVID and how slow business was for Spirit he realized they weren't topping off the fuel tanks, and according to his calculations we could make it about 3/4 of the way home. He then proceeded to take off his hat and pass it around trying to take up a collection for gas money hoping to stop in South Carolina he said where it's cheaper. When the hat came to me I ended up flying for free that day plus I made an extra $12.17. Happy hour started promptly at 4:30 and drinks were 2 for $10 so I left a $2.17 tip. I think they may be watering down the vodka...

Now, the faithful 7.6 readers are wondering what this has to do with Real Estate on Marco Island, right? I'll tell you what, it has to do with expectations. When you book a cheap plane ticket you're expecting a bumpy ride, well with Spirit that cheap ticket comes with a nice smooth ride and first-class is only a bit more if you want to pay for it. When many people drive around Marco for the first time they are captured by its beauty and Paradise like qualities. From a Real Estate standpoint, they are in awe of the big new beautiful homes and the tall spectacular condominiums. And, what I have found out over the years is that these Marco Newbies "expect" everything on Marco to cost millions of dollars and are in shock to find out they can buy a condo for close to $100,000 or single-family home for around $300,000, or a vacant lot for possibly UNDER $100,000, and that is not what they were expecting. Often times they only see the big beautiful things and are blinded to what else is there for the taking, thinking there is nothing for them. They are also in shock when they find out a trailer home down by the river costs $1,00,000. By way of analogy, I have a friend who went to the Chicken Ranch in Nevada one day. He was looking over the merchandise and called to tell me how beautiful the girls were and a few of them told him they had just started working there that day!  He didn't have enough money at the time for a date or a fig, but he went back a few days later on Nickel Tuesday to try his luck. Later that night he called to tell me things weren't exactly the same on Tuesdays, but it worked for him and his expectations were apparently met and The Chicken Ranch now has a satisfied customer for life. The same thing applies to Real Estate sure the big house is a bit more beautiful as are the fancy beachfront condos. Keep in mind it will cost you more to get one, but it will also cost you more to have and keep it. Now, a bedroom is still a bedroom, a bathroom still gives you the same relief, and a kitchen is still a place to make reservations from whether it's in a multi-million dollar home or something more modest. Now, don't get me wrong, as your favorite Realtor I want you to spend the big bucks so I get the big commission and don't have to attend Nickle Tuesdays, but in reality, just like the owner of the Chicken Ranch I want you to spend what you are comfortable with and we'll both do our best to find you something that truly makes you happy and gives you a smooth ride.

The inquiring 7.6 faithful readers demand to know The High and Low Sales for the month of March, and they are as follows:

Single-family home, 310 Seabreeze drive in Hideaway closed for  $3,800,000. It was on the market for 482 days. Condo, Veracruz 2506 closed for 2,650,000 and it was on the market for 661 days. and a vacant lot at 849 Caxambas Drive closed for $800,000 and it was on the market for 2,566 days!.
 
For the bargain hunters, a 3 bedroom home at 350 Columbus closed for $407,500 (121 days) A condo in Seabreeze South closed for $156,000 (358 days), and a vacant lot at 758 Whiskey Creek closed for 35,000, 1 day on the market. YES, you can still get a great deal on Marco Island.

I am open to any COVID free dinner invitations.

And, 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