Monday, December 6, 2021

Housing Market Statistics on Marco Island Continue Upward

Statistics for Marco Island only properties, from the Marco Island Area Association of Realtors® Multiple Listing Service show high sales activity since the beginning of the year compared with the same time frame last year.

Statistics from January 1, 2011 through September 30, 2011, all property types, show an increase of activity and price compared to the same period of time last year, January 1, 2010 through September 30, 2010.

Sold listings are up 24.86% during this comparable time frame, and pending listings are up 26.57%. Volume of sold listings is up 27.26%.

At the same time, the median sale price remained steady and the average sale price is up 1.92%. New listings coming on the market in the 2010 and 2011 year-to-date comparison have decreased by 12.29% and the average days on market have decreased by 6.81%.

Month-to-Month Activity Comparison – September 2010 with September 2011

Pending listings, all property types, are up in the September 2010 and September 2011 comparison by 5.88%. Total all property types closed (Marco Island only) was up by 32.65% in the same comparison

Total sold dollar volume was up 10.96% in the September 2010 and September 2011 comparison.

Meanwhile, inventory on Marco Island continues to decrease. Total active listings, all property types are down in the September 2010 and September 2011 comparison by 14.62%. New Listings coming on the market were down in the same comparison by 25.00%.

A number of research studies have shown that home ownership provides social and societal benefits and fosters an immeasurable sense of community and stability. Contact your local REALTOR® today to find your dream home! Enjoy the lifestyle of Marco Island!

According to the National Association of Realtors® (NAR) Housing Affordability Index, housing is at its most affordable in a generation. More specifically, the index shows there hasn’t been a better home buying opportunity in 40 years.

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