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Marco Island Real Estate: Exciting Changes on the horizon for May!

By Natalie Kirstein

Real Estate Agent with John R. Wood Realtors

June 17, 2013 12:57 AM

Stellar sales were reported again for May 2013. Interestingly, Marco Island had the 2 highest months of sales reported since the peak of the real estate market in April and May 2013. April was the highest month and May 2013 was the second highest month of reported sales. Overall, Marco Island saw an increase of 45.2% in closed sales for May 2013 (versus May 2012). However, pending sales for May 2013 dipped slightly by 10.34%.

To provide a double dose of good news for the Marco Island Real Estate Market, inventory was at its lowest levels since 2005 with only 1079 properties for sale (when comparing annual inventory for the month of May). Inventory is also down almost half from its highest inventory level of 2,123 properties for sale (May 2007). For May 2013 compared to May 2012, inventory dropped by over 15%.

While we traditionally experience a slowdown of sales in the summer months, many Realtors are reporting Buyers coming back to purchase in the off-season. Buyers may find their purchasing choices are limited or non-existent in some cases.

For more detailed information on the May 2013 Marco Island Real Estate Report, please look below. For a comprehensive market analysis or more information on the real estate market, e-mail Natalie at NKirstein@JohnRWood.com, or call 239-784-0491.

Natalie Kirstein

Top 10 Sales Leader 2012 Marco Island Real Estate

Over $19,000,000 in closed sales in 2012

Monthly Sales Trends -
1/1/05 to 5/31/13

Monthly Sales Trends - Jan 2005 to May 2013

Condominiums

Condominiums reported the lowest percentage gain with only 13.56% but the highest volume of sales with 67 in May 2013 versus only 59 in May 2012.

The chart below shows some of the condominiums with higher annual sales than current inventory (as of 6/10/12 to 6/10/13). As you can see from below, in some condominiums across Marco Island, there is little to no inventory for sale.

Condominiums - Annual Sales exceed inventory

Just a few of the condominiums where annual sales exceed inventory.

	Closed + Pending	# for Sale
Tampico at Cape Marco	7	2
Somerset	9	3
Seawinds	11	1
Royal Marco	25	4
Prince	8	1
Marbelle	7	3
Madeira	16	2
Cozumel at Cape Marco	10	6
Chalet	7	2
Apollo	16	2

Single Family Homes

Home sales soared in May 2013 with 52 versus only 33 in May 2012 reporting a 57.58% increase in closed sales.

Lots

Last, lots reported the smallest volume of sales but the largest percentage gains. Only 29 lots sold in May 2013 versus 12 in May 2012 reporting a dramatic increase of 141%.

Summary

Below shows the dramatic improvement in the market for May 2013 versus May 2012.

	Inventory	Closed Sales	Pending Sales
Single Family	-5.71%	57.58%	-16.33%
Lots	-14.29%	141.67%	-25%
Condos	-20.11%	13.56%	-1.49%
Total	-14.85%	45.19%	-10.34%

For a detailed market report for a specific neighborhood, property type, or condominium, contact Natalie Kirstein, John R. Wood Realtors, e-mail NKirstein@JohnRWood.com, or call 239-784-0491.

Information for your consideration

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Why contact Natalie and John R. Wood Realtors for all of your real estate needs?

Top Producing Realtor on Marco Island - over $19M in individual sales in 2012 - Natalie Kirstein
Highest Priced Sale on Marco Island since 2009 - sold by Natalie Kirstein
2012 Top Producer Award - Women's Council of Realtors
2012 Emerald Sales Award - John R. Wood Realtors
President's Advisory Council - John R. Wood Realtors

Disclosure: Based upon sales reports and data provided by the Marco Area Association of Realtors, from January 1, 2012 to June 10, 2013. All data is not deemed reliable or accurate.

John R. Wood REALTORS

E-mail: NKirstein@JohnRWood.com

Direct: 239-784-0491

For your comprehensive property search on Marco Island and Naples,

go to: www.MarcoIslandNaplesProperties.com