CAPE MARCO
Michael Bates
REALTOR®, CLHMS, MIS, RE/MAX Collection MichaelBates@remax.net
239.206.7586
SPRING • 2022 REAL ESTATE MARKET REPORT
Susan Bates
REALTOR® SusanBates@remax.net
239.227.8839
www.CapeMarcoLiving.com 599 S. Collier Boulevard Suite 306 Marco Island, FL 34145 Each office independently owned and operated.
Published by REAL Marketing (RM) | w.REALMarketing4You.com | 858.952.4280 | © 2022
THE REAL ESTATE MARKET BY THE NUMBERS Understanding Real Estate Statistics Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.
HOME VALUES AND MARKET TRENDS
MARKET SPEED
Average Sold Price is the average (mean) sold
Average Days on Market (DOM) is calculated
price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.
by averaging the time-on-market for all sold homes within a specific boundary and timeframe. This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.
MONITORING THE CURRENT OFFERINGS
BUYER DEMAND AND VALUE DIRECTION
The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.
Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.
PRESENTED BY
MICHAEL & S U S A N B A TE S
PREPARED ESPECIALLY FOR
FUTURE FRIENDS AND NEIGHBORS Future Friends and Neighbors,
If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call us today for a free consultation.
www.CapeMarcoLiving.com
Dear Future Friends and Neighbors, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by Michael & Susan Bates, your Cape Marco real estate specialists. You will not be contacted with any other solicitation.
Michael Bates
REALTOR®, CLHMS, MIS, RE/MAX Collection MichaelBates@remax.net
239.206.7586
Susan Bates
REALTOR® SusanBates@remax.net
239.227.8839 www.CapeMarcoLiving.com
VISIT WWW.CAPEMARCOLIVING.COM
If you want to know what your home would sell for in today’s market, contact us today at 239.206.7586 or 239.227.8839.
CURRENT CAPE MARCO ACTIVITY
CAPE MARCO REAL ESTATE MARKET REPORT
TAMPICO ACTIVE
0
SOLD
1
3
VERACRUZ ACTIVE
0
SOLD
1
2
$1,350,000 -$9,900,000
CONDOS CURRENTLY LISTED
LIST PRICE RANGE FOR ACTIVE LISTINGS
$1,100,000 -$4,500,000
CONDOS CURRENTLY PENDING
LIST PRICE RANGE FOR PENDING LISTINGS
COZUMEL ACTIVE
0
SOLD
3
CAPE MARCO COND OS SOL D RECE N T L Y
MONTERREY BELIZE ACTIVE
1
SOLD
3
ACTIVE
0
SOLD
2
MERIDA ACTIVE SOLD
CAPE MARCO
AT A GLANCE
Homes Recently Sold
$4,416,666 Average Active List Price
$2,718,333 Average Sold Price
Building
Address
Beds
Total Baths
Est. Sq. Ft.
List Price
Sold Price
Sold Date
Sold
Belize
Sold
Belize
970 Cape Marco Drive
4
4.1
8,673
$5,695,000
$5,150,000
03/16/22
970 Cape Marco Drive
3
3.1
5,910
$4,199,000
$4,200,000
Sold
03/02/22
Belize
970 Cape Marco Drive
3
3.0
3,326
$2,300,000
$2,300,000
12/27/21
Sold
Cozumel
960 Cape Marco Drive
2
3.0
3,439
$2,400,000
$2,525,000
03/08/22
2
Sold
Cozumel
960 Cape Marco Drive
3
3.0
3,247
$2,825,000
$3,100,000
02/23/22
2
Sold
Cozumel
960 Cape Marco Drive
2
3.0
3,439
$2,300,000
$2,450,000
01/31/22
Sold
Merida
990 Cape Marco Drive
3
2.0
1,686
$1,300,000
$1,300,000
04/29/22
Sold
Merida
990 Cape Marco Drive
2
2.0
1,316
$1,695,000
$1,720,000
03/11/22
Sold
Monterrey
980 Cape Marco Drive
3
3.0
2,451
$2,300,000
$2,300,000
03/31/22
Sold
Monterrey
980 Cape Marco Drive
3
2.1
2,112
$1,950,000
$1,900,000
03/03/22
Sold
Tampico
930 Cape Marco Drive
3
3.0
2,727
$2,397,000
$2,400,000
04/26/22
Sold
Veracruz
940 Cape Marco Drive
3
3.1
3,268
$3,250,000
$3,275,000
12/16/21
© 2022 Google
12
Status
132
Average Days On Market (Solds)
This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data.
Michael Bates, Susan Bates, and RE/MAX Affinity are not in any way affiliated with Cape Marco Home Owners Association, nor is this in any way an official advertisement or publication of Cape Marco. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Marco Multi List, Inc. MLS between December 16th, 2021 and May 4th, 2022. Listings and sales may not be those of RE/MAX Affinity. The Marco Multi List, Inc. MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.