Our Broker, Brian Schmitt, provided us with the following Market Highlights for the First Quarter of 2010 (January to March).
In the Upper Keys there were 91 sales between January and March 2010, which is a 28% increase over the same time period in 2009. Keys-wide there were 404 sales which is a 37% increase over 2009.
The Keys-wide Dollar Value of All Sales is up 18% to $168.5M from 2009 and in the Upper Keys the Dollar Value of All Sales is up 4% to $38.4M. The Average Sales Price is $417,000 Keys-wide and $422,000 in the Upper Keys.
The "Final Sales Price to Original List Price" for the Keys-wide market is 69.04% which is a 6% reduction. In the Upper Keys the Final Sales Price to Original List Price was up 16% to 76.49%. This means that in the Upper Keys, sellers on average give up 23.51% and Keys-wide 30.96% of the original list price to buyers.
On average it took 221 days Keys-wide to sell a property which was a 1% increase in time to sell. In the Upper Keys it took on average 265 days to sell which was a 6% increase over the same time last year.
The number of listings is 3,814 Keys-wide with 1,329 listings in the Upper Keys area. This is a decrease of 16% Keys-wide and a decrease of 10% in the Upper Keys.
The average list price Keys-wide as of March 31, 2010 was $822,000 which is a decrease of 6% from last year and $855,000 in the Upper Keys, which is a decrease of 7% over last year.
Months of Inventory (MOI), which is a measure of how many months it would take to sell the existing inventory, is at 28 months Keys-wide which is down 38% from the same time period in 2009. The MOI for the Upper Keys is at 44 months which is down 30% from 2009.
For more detailed information on the Florida Keys Real Estate Market please contact us. We will be happy to send you a copy of our newest Edition of Tropical Breezes our quarterly newsletter, which is filled with complete details of the Florida Keys Real Estate Market and a complete copy of the Market Statistics for the Florida Keys.
All information provided on this site is deemed reliable but is not guaranteed. The listings on this site are displayed courtesy of the IDX program of Florida Keys MLS, Inc. and may not be the listings of the site owner.
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Copyright © 2012 Jamie Engel, RealtorPortions Copyright © 2012 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.
All information provided on this site is deemed reliable but is not guaranteed. The listings on this site are displayed courtesy of the IDX program of Florida Keys MLS, Inc. and may not be the listings of the site owner. 
