Marco Island Real Estate: October Sells

By
Real Estate Agent with John R. Wood Realtors

 

 

 

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Dear

  

Monthly Year-over-Year Comparisons 

While October 2013 showed consistent, double digit gains, the gains were limited to only a 10.8% gain which falls short of the "hot" sales growth experienced in previous months. The dip to nominal, double digit gains in closed sales can be attributed to the fears and eventual Government shut down for the first half of October 2013.  

 

Below represents some of the strong gains we have experienced in closed sales in the Marco Island Real Estate Market in 2013 (for a year-over-year comparison): 

  •  May 2013 -- 45.2% increase (in comparison to May 2012);
  • February 2013 -- 30% sales increase;
  • April 2013 -- 20.6% increase;
  • July 2013 -- 18% increase;
  • September 2013 -- 16% increase.
  • October 2013 --10.8% increase.

Note: The color coded line items above are reflected on the Closed Sales Trends chart below.  

 

As sales volume increased in October 2013, the number of properties for sale continued to decline and represented levels not seen in over 8 years. Reference the inventory chart below to review the continued downward trend in properties for sale.

 

YTD Comparisons (1/1/13 to 11/20/13) 

Excitement in the Marco Island Real Estate is noted when reviewing the year-to-date (YTD) analysis.  Overall, for YTD 2013 versus YTD 2012,  sales and prices have increased, days on the market or the amount of time it takes to sell a property decreased, and Buyers negotiated less off of the purchase price.   Below summarizes the information for YTD 2013 versus YTD 2012:

  • Sales Information
    • Closed Sales increased 6.07% for YTD 2013;
    • Pending Sales/Under Contract increased by 6.54%.
  • Sales Price
    • Average Sale Price increased by 14.56%;
    • Median Sales Price increased by 3.56%;
  • List to Sell Ratio dropped by 2.13%;
  • Average Days on the Market decreased by 10.02%.

 

With "Car Trailer Season upon us", the season when all our northern residents bring their cars back to Florida for the winter months, we are excited about the continued buyer activity and lowering inventory levels for months to come.  

 

Reference detailed sales trends and charts below on the Marco Island Real Estate Market.  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.

 

Best wishes,

Natalie Kirstein

Top 10 Sales Leader 2012 Marco Island Real Estate

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

 

   

 

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Monthly Sales Trends - 1/1/05 to 10/31/13 

May 2013 increased by 45.2% in sales (from May 2012).

February 2013 increased in sales by 30% (from February 2012). 

October 2013 increased in sales by 10.8% (from October 2012).

  

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Summary

6 month closed sales comparison (5/1/13 to 10/31/13) by property type:

  • Homes - increased in closed sales by 10.67%
  • Lots - increased by1.12%
  • Condominiums - increased by15.11%

  

  

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

 

 

Natalie is Selling Marco Island's Most Luxurious Properties

 

 Natalie's New Luxury Listings

162 South Beach Drive, Hideaway Beach, List Price $8,900,000: 

 Virtual Tour 162 South Beach - Hideaway

 

Riviera Building 5000 #734, Hideaway Beach, List Price $2,100,000:

  Virtual Tour Riviera 5000 #734

 

Prince #402, List Price $1,125,000: Virtual Tour Prince 402

 

-----------------------------------------------------------------------------------------------------------------

Recent Luxury Sales by Natalie Kirstein 

 

1280 Mimosa Court (Seller):   Virtual Tour for 1280 Mimosa Court

843 Buttonwood Court (Buyer & Seller)

776 Hull Court (Seller)

Madeira #703 Virtual Tour (Seller):  Virtual Tour for Madeira #703

Veracruz #2402 (Buyer)

680 Rockport (Seller)

Sandpiper #901 (Buyer)

Prince #301, #1102

Chalet #306, #506, #402 

740 Waterside Ct., Hideaway Beach (Buyer)

Hideaway  - 123 Lantana Lane (Seller)

 

 

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

  • Top Producing Realtor on Marco Island - over $19M in individual sales in 2012 - Natalie Kirstein
  • Highest Priced Condominium 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 Properties
  • President's Advisory Council - John R. Wood Properties

 

Disclosure: Based upon sales reports and data provided by the Marco Area Association of Realtors, from January 1, 2005 to October 31, 2013.  All data is not deemed reliable or accurate.

 

 

 

 John R. Wood Properties

E-mail: NKirstein@JohnRWood.com  

Direct: 239-784-0491

 

For your comprehensive property search on Marco Island and Naples,

go to:  www.MarcoIslandNaplesProperties.com

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