Marco Island Real Estate Market Report

Marco Island Real Estate

Marco Island Single Family Homes
• The quarterly median sales price increased 6% in Q1 and average sales price increased 10% over the same period last year. The median price escalated to $873,617 while the average was $1,007,720.
• There were 94 single family closings in the quarter, an increase of 29% over Q1 2017.
• Months-of-supply at the end of the first quarter stands at 12.3 months, down from 13.8 months for the same
period last year.
Marco Island Condominiums
• The Q1 median sales price rose 5% over the first quarter of 2016, while the average sales price increased 10% from $488,133 in the first quarter of 2016 to $537,116 in the current quarter.
• The number of closings jumped 24% over the prior year to 140, up from 113 a year ago.
• Months-of-supply at the end of the first quarter stands at 9.6 months vs. 8.1 months for the same period last year

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