Marco Island Real Estate Statistics Q2 2011

For the second straight quarter, Marco Island real estate sales were impressive. Overall Q2 2011 sales were up 18% over Q2 2010 and nearly 39% above Q1 of this year. As well, Q2 2011 overall average sales price notched a modest price gain of 3.77% over last year. Pending sales were up by 38% and all categories registering nice gains in sales volume. Total inventory for Q2 2011 showed a decrease of nearly 14% over last year. Although we are moving into the slower season, we are seeing a lot of interest from buyers and should continue to see sales growth over last year. Eventually, we should start to see some consistent price increases. Most likely as we reenter into our regular selling season. Let's face it, baby boomers aren't getting any younger and with the winters that they have been having up north, why would anyone in their right mind want to spend those cold winter months there? The buyers are coming, you can bet on it!

For all the details, visit Marco Island Real Estate Statistics Q2 2011

Marco Island Real Estate Statistics June 2011

The Marco Island real estate market kept rolling on in June 2011. One of the stats that stands out most is the total inventory is down almost 14% and new listings in June were down 37%. Properties are moving in every category with overall sales volumes up nearly 23% over last June. Leading the way, single family homes increased by 28.57% from last year, lots sales were consistent and condo sales increase over 26%. Overall average sales price showed a nominal decrease but seems to be hovering in the $490's. Pending sales were impressive with a 25.81% gain from June 2010. Contracts on condos surged up 128%, followed by lots at 20%. Pending homes were a bit soft after a great run. Some could speculate that some of the home sales are being lost to new construction. YES, you heard me right! People are building again! With waterfront lots at such affordable prices, limited inventory and builders cutting prices to entice buyers, we have seen a run on lots lately.

For all the details, visit Marco Island Real Estate Statistics June 2011