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News for Marco Island, FL - October 27th, 2015 5:27am
This year has been without a doubt a seller’s market. The summer has been “sizzling” temperature wise as well as market activity. The availability of quality properties is shrinking, as the inventory is not being replaced with similar new listings. Buyers who are looking for that gem are required to make quick decisions. Statistically, 60% - 70% of all real estate sales are “cash” which means no financing and no contingencies. We have seen a gradual up-tick of the List-to-Sell ratio, which indicates that Sellers are not willing to accept much less than 3%-5% off their asking price. The number of days on market is coming down progressively as anxious buyers gobble up available listings.

Value - Marco Island continues to be at least 30% more affordable than similar properties in the Naples area. Waterfront homes can be as much as 50% more affordable. With the rapid addition of amenities at the Collier Boulevard and 41 intersection, Marco Island is not going to be far-removed from new shopping and dining facilities. All of this will add value to our Island and make our community more desirable.

News for Marco Island, FL - October 21st, 2015 8:41am
Marco Island and Naples Sales continue to be strong. Single family home medium sales price is up 24.4% over last year and the average sales price in September was $560,000. Condo sales price increased by 1.6% with a medium sales price of $317,000. Condo prices are expected to increase dramatically in early 2016 so come down soon and own your piece of Marco, it is simply beautiful here!!

News for Marco Island, FL - December 23rd, 2014 7:13am
Marco Island and Naples sales continue to be strong. The median sales price of a single family home on Marco Island was $530,000, up 6% from October 2014 and 13.8% from November 2013. The median sales price for a condo on Marco Island was $245,050, new listings showed no increase from 2013, and closed sales were up 11.6% compared to November 2013. The Midwest and Northeast is predicted to have another cold winter, and Marco Island is already very busy. Come down and own your piece of Paradise soon!

News for Marco Island, FL - May 13th, 2014 8:54am
Naples/Marco Island sales were amazing this winter, probable due to being voted #1 Island in America and #4 in the world for vacation, according to Trip Advisor. It could also have been the extreme cold weather in the Midwest and Northeast. Single family home prices rose 26.6% in the metro area, to a median of $379,900, in the first quarter compared with a year earlier-by far the fastest performance of all cities in the State of Florida, according to Florida Realtors. Unfortunately Inventory has declined so now is the time to come down to Naples/Marco Island and buy your piece of paradise!
National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Summer 2019 Market Update
The main thing that attracts people to Marco island is the white sand crescent shaped beach! Year round the weather is perfect for boating, fishing, or relaxing on the beach. TripAdvisor
Average Sold Home Price: $550,000

Average Time on Market: 60-90 days

Best Selling Price Range: $650,000 - $699,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Investors

Best reason to buy or sell: Good economic news

Nearest Metro Area: Fort Myers, FL

Housing Hot Spots: Marco Island offers beautiful beachfront condos, waterfront homes, and exclusive estates directly on the beach. Marco�s beach is among the most beautiful in America and the world. The Gulf of Mexico is perfect for fishing, boating, sunsets, or simply hanging out on the beach.

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Dawn Amato
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Real Estate Professional, Dawn Amato Dawn Amato
Premiere Plus Realty Co.
Specializing in Marco Island Real Estate
370 12th Avenue S. - #101
Naples, Florida 34012
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Dawn Amato for current Marco Island, FL market conditions before acting on this information.)
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