Here's a quick update of the Real Estate Market in the Florida Keys for January to April 2010 as compared to the same time period in 2009.
In the Upper Keys there were 148 sales between January and April 2010, which is a 37% increase over the same time period in 2009. Keys-wide there were 616 sales which is a 45% increase over 2009.
The Keys-wide Dollar Value of All Sales is up 29% to $254.6M from 2009 and in the Upper Keys the Dollar Value of All Sales is up 9% to $63.2M. The Average Sales Price is $413,000 Keys-wide and $427,000 in the Upper Keys.
The "Final Sales Price to Original List Price" for the Keys-wide market is 70.33% which is a 1% decrease. In the Upper Keys the Final Sales Price to Original List Price was up 16% to 76.70%. This means that in the Upper Keys, sellers on average give up 23.3% and Keys-wide 29.67% of the original list price to buyers.
On average it took 230 days Keys-wide to sell a property which was a 5% increase in time to sell. In the Upper Keys it took on average 249 days to sell which was a 7% decrease over the same time last year.
The number of listings is 3,804 Keys-wide with 1,330 listings in the Upper Keys area. This is a decrease of 9% Keys-wide and a decrease of 5% decrease in the Upper Keys.
The average list price Keys-wide as of April 30, 2010 was $813,000 which is a decrease of 6% from last year and $838,000 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 25 months Keys-wide which is down 37% from the same time period in 2009. The MOI for the Upper Keys is at 36 months which is down 31% 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.
*The information contained in this blog was compiled by Coldwell Banker Schmitt Real Estate Company from the Florida Keys Board of Realtors MLS and the Key West Lower Keys Board of Realtors MLS. *
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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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. 
