Thursday, October 21, 2021

Marco Island Real Estate Summary December 2015

Susan Ackerson

Susan Ackerson

By Susan Ackerson,
2015 MIAAOR President

MLS statistics, released by the Marco Island Area Association of Realtors® for Marco Island only properties compare November 2015 to November 2014. Inventory decreased 10.02% from a year ago for all property types, while at the same time the median sale price for all property types jumped 18.87% from $408,000 to $485,000 according to Susan Ackerson, president.

  • The number of new single family listings that came on the market in November 2015 v. November 2014 increased 68% (84 v. 50). The total number of single family properties active on the market in the year-to-year comparison remained virtually unchanged at 1.03% (293 v. 290). The median sale price for closed single family homes increased 31.85% ($890,000 v. $675,000). Total sold dollar volume for single family homes increased in November 2015 to $15,606,200 from $12,645,250 in November 2014, a 23.42% increase.
  • In regard to condo activity, number of new listings that came on the market this November v. last November increased 8.97% (85 v.78). Total number of condos on the market from last year decreased 18.24% (269 v. 329). The median sale price for condos increased 39.62% ($370,000 v. $265,000). Total sold dollar volume for multi-family increased 20.93% from $13,020,100 in November 2014 to $15,744,900 in November 2015.
  • Number of new lots coming on the market in November 2015 v. November 2014 increased 22.58% (38 v. 31). Total number of lots active on the market decreased 7.45% (298 v. 322) from last year. Median sale price decreased 4.63% ($324,500 v. $340,250). Total sold dollar volume increased 257.81% ($4,224,000 v. $1,180,500).

(Median sale price means 50% of sales were above and 50% of sales were below.)

  • Number of pendings for all property types is down 26.61%. Single family pendings in the comparison down 51.22% (20 v. 41); Lots up 14.29% (16 v. 14); and multi-family down 20.90% (53 v. 67).
  • Number of condos closed in the comparison decreased 3.23% (30 v. 31). Number of single family homes closed decreased 10.53% (17 v.19) in the November-to-November comparison while number of lots closed increased 150% (10 v. 4) in the same comparison.

As always, please contact a local Realtor® professional if you have any questions.

 

Susan Ackerson is President for the Marco Island Area Association of Realtors®. Call 239-394-5616.

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