FLORIDA KEYS REAL ESTATE MARKET REPORT: As sales continue to soar in the Florida Keys Real Estate Market, I thought I would take a minute to recap where the market was at in 2010 vs 2009, so we can all get an idea where the Florida Keys Real Estate Marketplace is heading. 2011 First Qtr. numbers are just around the corner, sales are continuing to rise, interest rates appear to be still holding steady, for the time being anyway, and Buyers continue to come out of the woodwork! Let us take a minute to focus on the chart below and consider the following.
Sales are up Florida Keys Wide, with some area's like the Middle Keys, soaring up 42%. The number of Listings have dropped slightly Keys Market Wide, and decreased by 29% in area's like the Middle Keys. Our inventory is continuing to Drop. Pending transactions continue to rise along with those sales, and our Average Sales price is close to bottoming Keys Wide. Area's like the Middle Keys are actually rising, while area's like the Upper Florida Keys still seems to offer some decent reductions.Finally, with inventory levels substantially below 2006 levels what's next???????? I will leave that up to you to decide. For personal quarterly updates or other Florida Keys Real Estate Information please feel free to contact me anytime at keyspropertyguy@gmail.com
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