In the history of FL Keys Real Estate, we have never seen numbers like these! The number of sales in the first 5 months of this year,increased an overall 103 Percent. Which means there were just about twice as many transactions as the same time last year.
Since 2016, we saw the average sale price grow at a steady rate. Then in 2021 the Average Sale Price sky rocketed to $838k.
The average appreciation amount is around 1 Percent a month. (please note this various for different types of properties)
The dollar volume of transactions is up 150 Percent Keys Wide 1.5 times more. In the Middle Keys this number has tripled!
We are seeing a 5 Percent Margin between Sale Price to Original List Price. The Average Sale Price reduction is now 1.3 Percent compared to 4.8 Percent two years ago, which represents a significant milestone.
The average days on the market is less than 100, we haven’t seen that since 2004.
Properties for sale are down to 1408. This is a Huge decrease in inventory!
The average list price is over a million dollars. A lot of sellers are listing because they can get top dollar for their homes.
The number of pending is up 224 Percent!
Pendings are futures sales so we can expect the number of sales to continue on.