Florida Keys Market Update: October 2013

October 08, 2013

3rd Quarter of 2012 Compared to 3rd Quarter 2013

10:36 AM | Posted by Tracy Larson, Realtor in the Florida Keys / 305-522-3812 |

Click the graphic to enlarge.

It never fails - when you tell someone you've just met that you're in real estate, the first question they ask is "how is the market?"

Each quarter I compare the current year to the previous year to see how the market has changed. It's one thing to say it seems like the market is improving and another to actually see it in real numbers.

The 3rd quarter of 2013 has seen an increase in both average sales prices and number of properties sold in every segment but one, which was open water homes. Still open water homes are doing quite well. The drop in average sales price is due to two low priced comps that sold for below typical open water prices.

Both condos and non-waterfront homes are doing quite well, with each seeing healthy increases in number of sales and average sales prices.

If you're considering a purchase, now may be the best time to get into a Keys home as I predict home prices in the Florida Keys will continue to creep upward.

Have questions? Call me at 305-522-3812 or email me today!