Marco Island Real Estate Market Report: November 2017

Closed Sales for Marco Island

• During the 12 months ending November 30, 2017, the Marco Island area recorded 867 closings, an increase of 5% over

the same period last year when there were 826 closings.

• Year-to-date 785 closings occurred compared to 779 last year.

Marco Island New Listings/Inventory

• Available inventory on December 1, 2017 consisted of a total of 619 single family homes and condominiums compared to

758 at the same time last year. This represents 8.6 months of supply based on current absorption rates.

• During the 12 months ending November 30, 2017, a total of 1,303 new listings were added to the Marco Island market,

down 11% from the prior 12 months.

Average and Median Sales Price on Marco Island

• Year-to-date average price of closed sales stands at $723,505 vs. $702,750 for the same period in 2016.

• Average sales price for the 12 months ending November 30, 2017 is $725,372, up 3.7% from last year’s

average of $699,774. Median price for this period increased 6.4% to $576,944.