July 06, 2010

1st and 2nd Quarter of 2010 compared to 2009

When comparing the 1st and 2nd quarters of 2010 to last year, 2009, there are a few surprises.  Three things about these stats stand out from the rest:

1. Open water homes saw an increase in both number of closed transactions and average sales price
2. A large increase in the number of dry lot homes sold in 2010 than in 2009
3. An increase in closed sales for 2010 in every segment of the residential  market compared to 2009

The reason for the increase in the number of dry lot homes sales is most likely tied to their decline in price and an abundance of inventory.

We're seeing longer marketing periods for some types of properties, mainly open water homes, but overall, the numbers are promising.  Here is a look at the chart (double click to enlarge):


All data is provided by the Florida Keys Multiple Listing Service - FlexMLS, as of July 5th, 2010. Properties are from mile marker 74 to mile marker 106, Upper Keys only.

0 comments:

SIGN UP FOR EMAIL ALERTS

SIGN UP FOR EMAIL ALERTS
Be the first to know about new listings & price changes!

BLOG UPDATES VIA EMAIL

Enter your email address:

Delivered by FeedBurner

THE LATEST LISTINGS

THE LATEST LISTINGS

BANK OWNED PROPERTY

FOLLOW ME ON FACEBOOK

About Me

My Photo
Tracy Larson, Realtor in the Florida Keys / 305-522-3812
Thank you for visiting Florida Keys Market Update for information about the Florida Keys real estate market. Licensed since 1993 and a Keys local since 1987, I want to be your Realtor here in our island paradise. Note: Information for listings featured on this blog is gathered from our local MLS; not all properties are my listings.
View my complete profile

FEATURED LISTINGS

Century 21 Schwartz Realty

POPULAR POSTS