Everything you Need to Know about Buy and Selling in the FL Keys - By Amy Prumo

FL Keys Real Estate Market Stats - March 2021 Main Photo

FL Keys Real Estate Market Stats - March 2021


FL Keys Real Estate Market Stats - March 2021
Posted: April 08, 2021 by Amy Prumo

Market Stats - All Properties 

 

Wow, what a crazy month in real estate!  Coldwell Banker sold 8 homes a day in the month of March.  Overall, the inventory challenges continue, more listings are needed to keep up with the demand.  Keys Wide Inventory is Down 35 Percent.  2,669 homes on the market to 1,729.  The number of sales from the same time last year went from 639 to 1,061, which was a direct result of Covid.  The average sale price has gone from 691k to 864k, which is at a record high.  The highest price we saw before was just over 800k in 2006.  Dollar volume of Sale went up over 100 Percent!  Almost a billion dollars in sales in the first quarter this year.  Sale Price to Original List Price increased by almost 4 percent.  The average seller is getting about 93 Percent of their List Price when they sell.  Average List Price is a little over 1.1 million.  Pending Transactions are up over 104 Percent. 

The most important number is the Number of Listings.  This is the lowest we have seen since 2005.  This is a direct result of Covid, and has continued to drive this market.  Last March, we started seeing sellers pull their properties off the market due to Covid.  In 2018, it went down again which was due to Irma.  Although inventory is still low, buyers are starting to become a little less emotional, there seems to be a little less urgency in the market place.  However, until inventory starts to increase the market will remain very competitive. 

If your interested in selling, this is the time.  Give us a Call today.  

BUYER WANTS:    If anyone has the following please let us know!

We need sellers!  We have an abundance of buyers ready to purchase but are unable to find the right home and or keep losing the bidding wars!  Below are 3 buyers that are looking for the following who are ready to act now.  

  -  Transferable Building Rights

  -  Condo Waterfront - 600k   Middle Keys Area

  -  Single Family/ Town Home - 380k   Middle Keys Area  (Dry Lot)

 -  Single Family Ocean Front Home

$990,000  - 330 4th Street Key Colony Beach

MOTIVATED SELLER   - Seller is ready to say Good Bye to the Florida Keys and take the next step in their life.  Bring Offers.    Showing this Saturday.  Make an appointment Today.  Let’s Make a Deal

This is an up down duplex. Lower level features one bedroom and one and half bathroom. Huge open living room and kitchen. Interior stairs are used to access the second level. The second level is 2 bedrooms and 2 bathrooms. Large open space with excellent canal views. 

Follow this link to see the page:

https://www.flexmls.com/link.html?1ljr44h2uby7%2C6%2C1%2C18657

OFF Market HOME:

Port  Antigua   - Asking     $1,450,000   3 bedrooms 3 bathrooms Waterfront Home.                   CALL or Email us for more information. 

Vacant Lot - Ready to Build. Active Permit                                                                                                      Asking  -   $ 415,00             80 S. Point  Sugarloaf Key

House permit in hand and a Dock Permit as well. House plans are for a modular Palm Harbor home, 3 bedrooms and 2 bathrooms, 1800 square feet, impact windows and doors, metal roof, large extended balconies and porches, 299 square feet of storage underneath the home. Dock extends the along the entire waters edge, approximately 23.7 feet and 31.5 feet. Extra large corner lot approximately 17,625 square feet.

Follow this link to see the page:

https://www.flexmls.com/link.html?1ljr4a6nlqmr%2C6%2C1%2C91629


New Inventory

Upper Keys

Follow this link to see the page:

https://www.flexmls.com/link.html?1ljr452o9hbh%2C6%2C1%2C86689

Middle Keys 

Follow this link to see the page:

https://www.flexmls.com/link.html?1ljr456cflt2%2C6%2C1%2C11506

Lower Keys 

Follow this link to see the page:

https://www.flexmls.com/link.html?1ljr45bazx8i%2C6%2C1%2C79180 








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