As we head into fall, I know snowbirds everywhere are already beginning to dream about the palm trees and sandy beaches, while locals might just be savoring these last few quiet weeks before things really pick up on Marco—and the holidays will be here before we know it!
Keep reading to see what’s happening around the Island. I’ve included a couple of articles that I think are helpful for navigating this rate environment and show how you could save yourself some money.
Also, I’m excited to share my latest listing with you, a well-maintained 3-bedroom, 2-bath home on Marco Island with 99 feet of water frontage, a strong rental income track record, and a private dock and boat lift with Gulf access via two bridges. Take a look at the virtual tour below…
MARCO ISLAND NEWS
City of Marco Island Launches City Survey: “The City of Marco Island is inviting the community to participate in a Citizen Survey designed to gather feedback from those who live, work and do business on Marco Island.”
Marco Island City Council Adopts FY27 Budget: “The budget funds essential City services, including police, fire rescue, public works, parks and recreation, and general City operations.”
Celebrating America Through Local Eyes: “Local veterans and heroes will be sharing their thoughts on what makes Marco and America special by answering some patriotic questions. It’s our way to honor those whose dedication and sacrifices make our Island community shine.”
Voters to decide on tourist tax hike; info meeting Wednesday on Marco: “Historically, tourist tax increases have sparked controversy and debate in Collier County.”
Gulf water bacteria levels at Residents’ Beach back to acceptable levels: “It's safe to go back in the water at Residents’ Beach on Marco Island after the most recent tests show acceptable levels of bacteria that prompted a warning Thursday.”
📊 The Marco Island Market Summary
Months of Inventory: 5.31 (↓ 9.23%)
Sold to List Price Ratio: 94% (↓ 0.48%)
Days on Market: 76 (↓ 23.23%)
Median Sold Price: $842,500 (↑ 5.58%)
Single Family & Condos, Townhouses, and Apartments
Real Estate Reading List 📚
With mortgage rates surging to a three-year high, buyers are increasingly feeling the affordability squeeze, but there are concrete steps they can take to retain control over the actual rate they secure—and potentially save tens of thousands of dollars.
📉 Mortgage Rate Tracker
Mortgage Rates Average 7.28%
With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions.
The 30-year fixed-rate mortgage averaged 7.28% as of October 1, 2026, up from last week when it averaged 7.03%. A year ago at this time, the 30-year FRM averaged 6.34%.
The 15-year fixed-rate mortgage averaged 6.60%, up from last week when it averaged 6.42%. A year ago at this time, the 15-year FRM averaged 5.55%.
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!
Have a great weekend,
Edward Karas
REALTOR® | PSA | RSPS | C2EX
Premiere Plus Realty
(239) 388-7715 | [email protected]
