First things first: welcome back! After a pause since our last edition, I’m excited to pick up where we left off. The past few months have been a busy stretch behind the scenes, and our newsletter stepped back for a bit. Starting with this April edition, you can once again expect a fresh issue landing in your inbox every month, packed with the Marco Island market insights, local news, and updates you count on. Thank you for your patience, and let’s dive in—we have some catching up to do!
📊 The Marco Island Market Summary
Months of Inventory: 7.64 (↓ 6.72%)
Sold to List Price Ratio: 93.9% (↓ 0.01%)
Days on Market: 84 (↑ 40%)
Median Sold Price: $1,150,000 (↓ 5.15%)
Single Family & Condos, Townhouses, and Apartments
📊 Market Changes Since December
Months of Inventory: 7.88 → 7.64 (↓ 3.05%)
Sold to List Price Ratio: 92.9% → 93.9% (↑ 1.08%)
Days on Market: 108 → 84 (↓ 22.22%)
Median Sold Price: $950,000 → $1,150,000 (↑ 21.05%)
MARCO ISLAND NEWS
FAQ: Collier/Barfield Intersection Project: “What is going on at the intersection of Collier Boulevard and Barfield Drive?”
Construction on Vietnam War Memorial Begins at Veterans’ Community Park: “Construction has begun on a new Vietnam War Memorial at Veterans’ Community Park. The cost of the memorial is approximately $600,000 and all funds have been raised by the American Legion Post 404. [...] The base, which is currently under construction, will be completed in late February. The statues themselves will be made of bronze and will be installed in June. A formal unveiling and ceremony will take place on Veteran’s Day, November 11, 2026.”
America the Beautiful exhibit on Marco: “In celebration of America’s 250th anniversary, the Marco Island Historical Society (MIHS) has a new exhibit, ‘America the Beautiful’ — a large format photography exhibit by Everglades photographer Clyde Butcher. The exhibit will be on display at the Marco Island Historical Museum now through July 11. The Marco Island Historical Museum is located at 180 S. Heathwood Drive and is open from 9 a.m. until 4 p.m., Tuesday through Saturday. Admission is free and the site is fully ADA compliant and accessible to all visitors. The exhibit is free and open to the public.”
Where’s the Cheapest Gas in Florida Right Now?
Source: AAA
📉 Mortgage Rate Tracker
In our January edition, the 30-year fixed mortgage rate was at 6.15% as of December 31st, 2025. After hitting a year low of 5.98% on February 26th, it rose to a 2026 high of 6.46% on April 2nd, and has now declined to the current 6.23% rate.
The 30-Year Fixed-Rate Mortgage Declines Further
The 30-year fixed-rate mortgage declined again this week to 6.23%. Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.
The 30-year fixed-rate mortgage averaged 6.23% as of April 23, 2026, down from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.81%.
The 15-year fixed-rate mortgage averaged 5.58%, down from last week when it averaged 5.65%. A year ago at this time, the 15-year FRM averaged 5.94%.
🌍Global Events and the Housing Market
If you’re interested in a deep dive about how current events are affecting the real estate market and what it could mean for your situation, check out this episode of the BiggerPockets Real Estate Podcast, where Dave Meyer shares his take on how to navigate today's changing market conditions.
“The implications of the Iran War are massive, and we’re feeling it right now. Homebuyers got a glimpse of hope when rates fell below 6% a couple of months ago. Now, we’re back up to the mid-6s. But with less competition in the market, buyers have greater opportunities. Real estate investors, especially those with cash on hand, may have even more time to take advantage.”
Interested in What Your Home is Worth?
If you’d like to understand your home's current value, are thinking about selling, refinancing, or simply want to know where you stand, I'm offering readers of the Marco Island Insider a complimentary, personalized Comparative Market Analysis (CMA) for your home on a first-come, first-served basis. You'll receive:
Your estimated home value range based on current market conditions and your home's unique features
Active listing comparison showing what's competing with your home right now and how yours stacks up
Recent neighborhood sales data including price per square foot, days on market, and final sale prices vs. asking prices
No obligation, just real data to help you make informed decisions about one of your most important investments!
Edward Karas
REALTOR® | PSA | RSPS | C2EX
Premiere Plus Realty
(239) 388-7715 | [email protected]
