2006 Year End Real Estate Review for Marco Island Florida

By
Real Estate Agent with Marco Island Florida Real Estate - Coldwell Banker
2006 Year End Real Estate Review for Marco Island Florida When is the right time to buy Marco Island property? How would you like paying 5%, 10% or 20% less than 2005 prices? Would you like to save upto $200,000 off 2005 sale prices? Now you can...We are providing with you exclusive real estate data you will only find from the Tenney Team at Coldwell Banker. We are showing you the actual real estate market statistics that will provide you the knowledge to make the right real estate decision when it comes to true market value. The tables we are providing below shows you 2006 Sales verses 2005 Sales. Bottomline.... It is a buyer's market!!! There are "Great Real Estate Opportunities Available" You as a real estate buyer on Marco Island, are holding all the cards... Still Record Low Interest Rates Chase to Purchase real estate for upto 25% off the average prices of 2005 Great Selection of Luxury Real Estate properties to choose from. If you have been waiting to buy Marco Island property, this could be the right time to begin shopping for your dream beachfront condominium or for your waterfront / gulf access single family home. Call the Tenney Team...The Marco Island Real Estate Statistical Experts!!

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Marco Island Single Family Homes
2005 2006 Percent Change
# of Sales Average Median # of Sales Average Median # of Sales Average Median
Inland 113 645,000 571,000 80 583,000 500,000 -29.2% -9.6% -12.4%
Year Built      
>2000 34 808,000 674,000 33 753,000 660,000 -2.9% -6.8% -2.1%
1990-1999 30 633,000 571,000 19 507,000 480,000 -36.7% -19.9% -15.9%
1980-1989 14 547,000 524,000 13 467,000 495,000 -7.1% -14.6% -5.5%
<1980 35 532,000 500,000 15 404,000 395,000 -57.1% -24.1% -21.0%
       
Water Indirect 95 1,140,000 1,090,000 76 983,000 935,000 -20.0% -13.8% -14.2%
Year Built      
>2000 24 1,261,000 1,276,000 22 1,194,000 1,075,000 -8.3% -5.3% -15.8%
1990-1999 27 1,241,500 1,142,500 25 966,000 950,000 -7.4% -22.2% -16.8%
1980-1989 26 1,055,000 1,017,500 16 887,000 857,000 -38.5% -15.9% -15.8%
<1980 18 951,500 925,000 13 773,000 720,000 -27.8% -18.8% -22.2%
       
Water Direct 87 1,819,000 1,412,500 78 1,644,000 1,300,000 -10.3% -9.6% -8.0%
Year Built      
>2000 16 2,535,000 2,137,500 18 2,386,000 2,450,000 12.5% -5.9% 14.6%
1990-1999 17 2,113,000 1,600,000 16 1,585,000 1,175,000 -5.9% -25.0% -26.6%
1980-1989 21 1,800,000 1,500,000 21 1,544,500 1,300,000 0.0% -14.2% -13.3%
<1980 33 1,306,000 1,250,000 23 1,194,000 1,000,000 -30.3% -8.6% -20.0%
                   
Overall 295 1,201,333 1,024,500 234 1,070,000 911,667 -20.7% -10.9% -11.0%

The above information shows the complete analysis of Marco Island home sales. We are comparing 2005 verses 2006 sales data for inland, water indirect access, and water direct access homes, by the number of transactions, along with average and median sales prices, and with this data we have compiled the percent change from 2005 to 2006.

 

Marco Island Condominiums
  #of Sales 2005 Average Price 2005 Median Price 2005 #of Sales 2006 Average Price 2006 Median Price 2006 Percent Change 
Inland 162 397,000 370,000 105 360,000 325,000 -35.2% -9.3% -12.2%
Year Built      
>2000 27 529,000 465,000 36 450,000 468,000 33.3% -14.9% 0.6%
1990-1999 31 522,000 525,000 11 481,000 499,000 -64.5% -7.9% -5.0%
1980-1989 50 352,500 325,000 26 312,000 300,000 -48.0% -11.5% -7.7%
<1980 54 299,500 276,000 32 257,000 249,000 -40.7% -14.2% -9.8%
Bedrooms      
3 or more 34 553,500 515,000 37 464,000 476,000 8.8% -16.2% -7.6%
2 or less 128 355,000 330,000 68 304,000 298,000 -46.9% -14.4% -9.7%
       
Waterfront 139 737,500 631,000 62 684,000 535,000 -55.4% -7.3% -15.2%
Year Built      
>2000 23 1,242,000 1,200,000 17 1,202,000 1,100,000 -26.1% -3.2% -8.3%
1990-1999 27 933,000 812,000 6 865,000 863,000 -77.8% -7.3% 6.3%
1980-1989 49 564,000 538,000 30 421,500 420,000 -38.8% -25.3% -21.9%
<1980 40 527,500 544,500 9 460,000 475,000 -77.5% -12.8% -12.8%
Bedrooms      
3 or more 45 1,132,000 1,112,500 23 1,085,000 1,000,000 -48.9% -4.2% -10.1%
2 or less 94 549,000 545,000 39 448,000 450,000 -58.5% -18.4% -17.4%
       
Beachfront 200 1,159,000 997,500 107 1,304,000 1,200,000 -46.5% 12.5% 20.3%
Year Built      
>2000 35 1,685,000 1,799,000 36 1,982,000 1,950,000 2.9% 17.6% 8.4%
1990-1999 49 1,430,000 1,485,000 23 1,367,000 1,325,000 -53.1% -4.4% -10.8%
1980-1989 69 1,117,500 960,000 33 869,000 710,000 -52.2% -22.2% -26.0%
<1980 47 693,000 665,000 15 540,000 520,000 -68.1% -22.1% -21.8%
Bedrooms      
3 or more 83 1,664,500 1,610,000 51 1,900,000 1,925,000 -38.6% 14.1% 19.6%
2 or less 117 800,500 819,000 56 762,000 699,000 -52.1% -4.8% -14.7%
                   
Overall 501 764,500 666,167 274 782,667 686,667 -45.3% 2.4% 3.1%

The above information shows the complete analysis of Marco Island condominium sales. We are comparing 2005 verses 2006 sales data for inland, waterfront, and beachfront condominiums, by the number of transactions, along with average and median sales prices, and with this data we have compiled the percent change from 2005 to 2006.

 

 

Comments (3)

Diane Bell, Hilton Head Real Estate, Bluffton
Charter 1 Real Estate, Hilton Head, Bluffton, SC - Hilton Head Island, SC
Interesting statistics.  You did your homework!  Thanks for the photo of your local real estate market, I might add....... a beautiful community.
Mar 05, 2007 10:36 PM
Derek Tenney
Marco Island Florida Real Estate - Coldwell Banker - Marco Island, FL

Thank you Diane,

We have numerous stats and information about Marco Island. We try to keep in touch with our real estate market.

 Thank you,

Derek

Mar 05, 2007 10:52 PM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!

Jan 19, 2018 07:37 PM

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