Florida Keys Real Estate Blog

The weather is not the only thing starting to simmer in the Florida Keys; the real estate market is too!

During the 1st Quarter of 2011, sales were up 20% (515), the sale price to original list price was up 7% (74.6%), the sale price to final list price had no change (90.80%) and the average sale price was up 1% ($400K).

On the listing side, the number of properties listed for sale was down 4% (3,650), the months of inventory, which represents the number of months it would take to sell the existing listings on the market, was down 20% (21 months), and the average list price was down 11% ($730K).

What's in store for the Florida Keys? The number of properties under contract and pending sale were up 27% (716). According to my Broker, Brian Schmitt, "Pending sales are now at their all-time high since the second quarter of 2004, which together with the declining listing curve indicates a very active 2nd Quarter and beyond". 

For additional information on the Florida Keys Real Estate Market, please click on the following link to view the Spring Edition of Tropical Breezes Newsletter. 

And remember, if you or someone you know is looking to buy, rent or sell a property in the Florida Keys, please contact me at (305) 394-2500.  I am here to help, offering personalized service with professional results!

 Spring 2011 Tropical Breezes.pdf