Florida Keys Real Estate Blog

There were 748 sales in the Florida Keys between January and April of 2012. 242 of those were in the Upper Keys. The average sale price was $392,000 throughout the Keys but was slightly higher in the Upper Keys at $399,000. On average it took 261 days to sell a property throughout the Keys and 293 days in the Upper Keys.

There are currently 3,114 properties listed for sale in the Keys, which is 12% less than the same time period of 2011, with an average list price of $706,000. The Upper Keys has 1,028 properties for sale which is 15% less than the same time period of 2011, with an average list price of $796,000.

There is currently 17 months of inventory throughout the Keys, which is a decrease of 12% from the same time period in 2011. The Upper Keys also has 17 months of inventory, which is a decrease of 15% for this area from the same time period in 2011.

For more information on the Florida Keys Real Estate Market, CLICK HERE to have the latest copy of the Florida Keys Market Stats sent to your mailbox.

The Upper Florida Keys posted 164 sales for the first quarter of 2012 (January 1st to March 31st).  The average sale price was $398,000 which is up slightly from the first quarter 2011.  There were 244 properties put under contract that are pending sale, which is a 14% increase over the same time period in 2011.  But most telling is the fact that there are 12% LESS properties for sale in the Upper Florida Keys at this time and the Months of Inventory is down by 11% to 20 months. 

To get more detailed information on the first quarter of 2012 - click the following link to read our quarterly newsletter - Tropical Breezes - or call, text or email me today. 

Things are really heating up here in the Florida Keys...and not just the weather!  The real estate market for the first quarter of 2012 was busy.   Throughout the Florida Keys there were 497 sales with an average sale price of $379,000 and a sale price to final list price of 90.45%.  There were 3,211 properties for sale on the MLS and 19 months of inventory as of March 31, 2012.

The Upper Keys had 164 of the sales with an average sale price of $398,000.  The Lower Keys had 83 of the sales with an average sale price of $267,000 and Key West had 145 sales with an average sale price of $420,000.  However, the Middle Keys market showed the largest improvement with 105 sales at an average sale price of $382,000.

Click here to download a copy of our Quarterly Newsletter - Tropical Breezes - Spring 2012. 

And remember, if you, or someone you know is looking to buy or sell a home in the Florida Keys - call me at (305) 394-2500.  I am here to help you find your perfect piece of paradise in the Florida Keys!

The market is definitely picking up here in the Florida Keys.  The weather is beautiful, the Buyers are here, and the activity is off the charts!  This past weekend - 25 properties were put under contract. 

There was a variety of property types, locations and prices involved.  18 of the properties were waterfront, 7 were non-waterfront. 1 of the properties was a vacant lot. Listing prices are from $55,000 (which is the vacant non-waterfront lot) to $5,400,000 whcih is a single family waterfront estate on Sunset Key in Key West.

There were also 9 sales since last Friday ranging in price between $35,000 for a vacant lot in Key Largo to a Single Family waterfront home in Key Colony Beach with 5 bedrooms, 5.5 bathrooms, 60 ft of dockage, and a pool that had been on the market for only 53 days. 

If you - or someone you know - is looking to buy a property in the Florida Keys, call me today!  The time is right to buy a home in the fabulous Florida Keys and I would love to help you with your purchase.