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Marco Island Real Estate Statistics for January 2014

By
Real Estate Agent with Premiere Plus Realty

Marco Island's January 2014 was a return to prosperity after a slow December. Overall closed sales were up by 42% over last January, with lots registering a whooping 300% increase over last year. Homes and condo also performed well. Pending sales for homes, condos and lots all showed double digit growth with an average of 38%.

Overall average price was up over 5% over last year. Lots took a 27% hit on average price but we contribute this to the large amount of inland lots sold in January, almost half and compared with only 1 last January. When inland lots are moving, you know that buyers are seeing value in the area.

Inventory remains low at 1135 units, 8% lower than last January. Therefore, we still expect prices to rise through season.

Click the highlighted text for all the Marco Island Real Estate Statistics for January 2014.