Marathon, Florida Real Estate Market Trends – October 2024
Market Overview:
- 10-year Growth: Home values in Marathon increased by 175%, averaging 10.65% per year.
- Current Prices: Mid-2024 average home price exceeds $1 million, driven by high demand for waterfront properties.
- Annual Price Increase: Prices rose 1.8% last year, outpacing other regions.
Buyer’s or Seller’s Market?
- Seller’s Market: More demand than supply, particularly for waterfront and luxury homes.
- Popular Among Out-of-State Buyers: Interest from New York, Washington D.C., and Boston remains strong due to warm weather and outdoor lifestyle.
- High Prices: Waterfront homes, especially in areas like Coco Plum, often exceed $1.5 million.
Investment Outlook:
- Strong demand and rising prices make Marathon an attractive option for investors and second-home buyers.
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