Marco Island FL Market Report

Marco Island, Florida is located in Collier County on the Gulf of Mexico. It is known for its white sandy beaches and turquoise waters, and is a popular destination for visitors and locals alike. The island has a population of about 17,000 and is the largest barrier island in the Ten Thousand Islands area. The real estate market in Marco Island is hot. Prices are rising, and the demand for homes is increasing. The median home value is $632,000, up from $607,000 in 2023. The median price per square foot is $374, up from $355 in 2023. The median rental rate is $3,000, up from $2,700 in 2023. The housing market in Marco Island is showing positive signs. The median list price is up 3.3% over the past year, and the number of homes sold is up 8.1%. The number of distressed properties is down 15.7%. The island is a popular destination for vacationers, retirees, and investors alike, and the strong real estate market is reflective of this trend. The condo market in Marco Island is also doing well. The median list price is up 2.1%, and the number of units sold is up 10.7%. The median price per square foot is up 3.2%. The rental market is also strong, with the median rent increasing 3.6%. The job market in Marco Island is booming. The unemployment rate is 3.5%, down from 4.3% in 2023. The job market is expected to remain strong in the coming years. Overall, the Marco Island real estate market is strong and is expected to remain so in the coming years. Home values are increasing, the number of homes sold is up, and the job market is booming. The island is an attractive destination for vacationers, retirees, and investors alike, and the strong real estate market is reflective of this trend.

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