The December Market Update was encouraging in the Gulfview, but since then there have been some activity that increased the competition once again:
- There are 27 Active listings with an average list price of $846,674 and an average of 201 days on the market. Prices range from $675,000 to 1,150,000 and even though the lowest priced listing in this building is priced below my theory of modifing the anticipated sales price it remains on the market.
- There are no pending units at this time.
- Average Sold price this year for the 5 units that have sold in Gulfview is $684,000 for 2006. Hopefully 2007 will see an increase in activity.
Here is the historical information regarding Gulfview:
| Year | # of Units Sold | Average Sold Price | Sold DOM | % Change From Prior Year | 5 Year % Change | Pricing Theory - Going back to 2003 and applying a 15% increase per year of average sold |
| 2007 | 0 | $ - | 0 | $ 777,783.08 | ||
| 2006 | 5 | $ 684,000 | 143 | -11.40% | 68.20% | $ 676,333.11 |
| 2005 | 20 | $ 771,988 | 114 | 36.16% | $ 588,115.75 | |
| 2004 | 22 | $ 566,977 | 110 | 27.50% | $ 511,405.00 | |
| 2003 | 19 | $ 444,700 | 132 | 9.35% | ||
| 2002 | 6 | $ 406,667 | 69 |
If you are interested in more information on this community or any other Southwest Florida community, please email me at colleen@ParadiseReport.com or call me at (239) 821-3063. To see additional Statistical Information please visit my website at http://www.paradisereport.com/ and click on Activity Reports on the left side.
All statistical information is gathered from the Marco Island Area Association of Realtors.
Information as of 01/01/2007
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