Hope your summer's off to a great start! This year's Fourth of July ushers in America’s 250th anniversary, and Marco Island is ready to celebrate. In this edition: where to catch the best fireworks views, what's happening around town all weekend, how the new housing bill could make it easier for you to get a mortgage, and what you should know about capital gains tax—and how to reduce it on your home sale.
MARCO ISLAND NEWS
Marco Island to Host Fourth of July Event: “The City of Marco Island will host its annual Fourth of July fireworks show on Saturday, July 4, 2026, at approximately 9:00 p.m. Fireworks will launch from a barge located offshore between Tigertail Beach and South Beach.”
Shake Shack coming to South Naples: “First Naples, and now Estero and South Naples. Shake Shack is coming to Coconut Point and at the former Pollo Tropical on restaurant row, Freedom Square, Collier Boulevard near 41.”
📊 The Marco Island Market Summary
Months of Inventory: 6.19 (↓ 12.45%)
Sold to List Price Ratio: 95.4% (↑ 0.98%)
Days on Market: 82 (↓ 11.83%)
Median Sold Price: $900,000 (↓ 21.74%)
Single Family & Condos, Townhouses, and Apartments
📉 Mortgage Rate Tracker
Mortgage Rates Average 6.49%
The average 30-year fixed mortgage rate was little changed this week at 6.49%. Rates have remained relatively stable over the last six weeks. Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.
The 30-year fixed-rate mortgage averaged 6.49% as of June 25, 2026, up from last week when it averaged 6.47%. A year ago at this time, the 30-year FRM averaged 6.77%.
The 15-year fixed-rate mortgage averaged 5.84%, up from last week when it averaged 5.81%. A year ago at this time, the 15-year FRM averaged 5.89%.
The Real Estate Reading List 📚
If you've owned your home a while, you might be sitting on a bigger tax bill than you think. The IRS allows single filers to exclude up to $250,000 in profit, and married couples up to $500,000, but those limits haven't changed since 1997, even as home prices have more than tripled since then. An estimated 13.1 million households nationwide now have more equity than that exclusion protects, and that risk is even higher in fast-appreciating markets like ours. Before you list, it's worth understanding how this tax applies to your specific situation. I help homeowners navigate exactly these kinds of questions, so feel free to reach out anytime if you'd like to talk through what it could mean for your sale—you can just reply to this email.
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 safe and fun Fourth of July weekend,
Edward Karas
REALTOR® | PSA | RSPS | C2EX
Premiere Plus Realty
(239) 388-7715 | [email protected]
