Florida Keys Market Activity for the week of August 15th to August 21st, 2011

This past week the real estate market continued to show signs of stability with a nice balance of new listings and pending or closing sales.

69 new listings came on the market, 44 properties went under contract and 38 properties closed.

New Listing - #244 Plantation by The Sea
Of the notable new listings there is a 2 bedroom 1.5 bath condo at Plantation by the Sea in Tavernier. This condo is bank owned and is in need of all new appliances and significant cleaning and remodeling, but at $169,500, it may not be on the market long. There are two other remodeled units with the same floor plan on the market that are offered at $245,000 and $259,000. Amenities include heated pool, fishing pier, fitness room and sauna and a clubhouse.

Pending Sale - 291 8th Street, Key Colony
Pending listings include a canalfront home in popular Key Colony near Marathon. This 4 bedroom, 3 bath home also includes a membership to the Cabana Beach Club, featuring a large swimming pool and private sandy beach. It was offered at $599,000 at time of contract

Sold Listing - 901 Thomas Street, Key West
Closed sales include a 3 bedroom 1.5 bath conch home in the heart of Old Town Key West.  This home is located in a private gated compound of just three homes that share a pool, waterfall, outdoor shower and off street parking. It sold for $450,000

To see the properties, follow the links below:

New Listings
Pending Sales
Closed Sales

Listing information gathered from the Florida Keys MLS. Links will automatically expire after 9/24/2011