The Marco Island real estate inventory remains at its lowest levels since Q3 2004. Is this because people are locking into their piece of paradise or will we see an influx of properties come on the market before season. The inventory growth between Q3 and Q4 is usually substantial and I don’t see that trend changing. However, we still had steady buyer demand throughout the summer month which leads us to believe that prices won’t level out any time soon.
Overall sales volume was slightly higher than 2014 while average sales price was up a whooping 23.5%. Lots are hot again with a 53.5% increase over Q3 2014. We are already seeing increase activity going into October and inventories will replenish themselves through Q4. The questions is, will sellers capitalize on the appreciation that we have been experiencing? Only time will tell!
Monthly Statistics Report