April 23, 2013

1st Quarter of 2012 vs 1st Quarter of 2013.


Click  thumbnail to enlarge image
The 2013 selling season started strong and continues to be strong late into the season.  Prices are starting to inch upwards in most property categories, with many experiencing a shorter marketing time.

Here are the numbers comparing the first quarters of 2012 and 2013 in the Upper Keys.  Open water properties had a slight increase in average sales prices as well as number of properties sold.

Canal front homes are selling quicker than they were in 2012. There was a slight dip in average sales price, but that was due to 4 very low priced bank owned properties and short sale properties that sold. Two of them were in need of significant repair before they could be lived in and sold in the low $200,000's. I suspect that we will see those properties come back on the market, with new renovations and a new listing price as well.  I am confident that we will see an increase in average sales price when we compare the 2nd quarters of each year.

Dry lot homes are doing well, with both an increase in price and number of listings sold.  They are also selling quicker than they did in 2012.

Condos remain steady, with more properties selling in 2013 than in 2012. One of the biggest obstacles facing condos right now is property insurance, with regulations making it harder to find and more expensive. This may drive up the association fees a bit, which is another concern for buyers wishing to purchase a condo here in the Keys,

As always, properties that are priced correctly will sell in a relatively short amount of time.  A new listing that I have at 72 Bahama Avenue in Key Largo was priced very competitively among comparable listings and was under contract in just 7 days, with multiple showings and offers.  

Stay tuned to see what the second quarter of this year brings.




April 12, 2013

New Key Largo Listing in Desirable Port Largo Neighborhood


72 Bahama Avenue - Port Largo
Harness the sun in this beautiful three bedroom, two bath home in Port Largo.  This home features an impressive solar panel system on the metal roof - one of the largest in the Upper Keys.  The open dining and living area separate the master bedroom from the guest area, which has privacy doors from the living room.  The kitchen features newer appliances and a pass-thru window to the dining room, as well as a large laundry and food pantry closet. All windows have roll-down hurricane shutters

72 Bahama Avenue - Living Room
Downstairs you'll find an enclosure that is legal and above flood, providing ample storage. There is covered parking for your cars and/or small boat.

The homeowners park is very close by and features a sandy beach, picnic areas and a community boat ramp.  Additionally, there is another community park with baseball fields, water park and swimming pool, fitness track and more.  

Contact me for more information or to arrange a private showing.

Offered at $369,000



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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.
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