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