Market Activity for the week of August 1st to August 7th, 2011 - Key Largo, Tavernier, and Islamorada

The first week of August has provided us with some much needed relief in the form of rain, with many showers helping ease our dry conditions.  Despite the rainy weather, the real estate market continued to do well, with an increase in new listings coming on the market. Perhaps sellers are trying to get an early jump on the upcoming "season" or perhaps they are hoping to get their properties sold while interest rates remain low. 34 new listings came on the market, 12 properties went under contract and 14 properties closed.

A-502 Moon Bay - listed for $268,000
Of the new listings, one of them is listed by my partner Beverly Dillon and myself. It is a 2/1.5 bath condo in Moon Bay in Key Largo. It is offered fully furnished and comes with a deeded boat slip. It has bay views from the living room and the master bedroom. It is listed at $268,000.

203 Mohawk St. - Pending. Listed at $350,000
Pending listings include a canalfront home in Indian Waterways in Tavernier. Listed at just $350,000, it is not surprising that this CBS home went under contract quickly. It is marketed as a short sale. Located on a large corner lot, the home has a 2/2 living are upstairs and a 1/1 apartment downstairs.

822 Bonito Lane - Sold for $475,000
Closed sales include a home in Key Largo, also on a canal. It has a 2/1 living area upstairs and a 1/1 apartment downstairs.  The interior was remodeled less than 2 years ago, with nice counter-tops and stainless steel appliances.  It was listed at $499,000 and sold for $475,000

If you're thinking about selling your home or buying a new one, now is the time. There are ample opportunities for both buyers and sellers alike.

Follow the links below to view the listings:

New Listings
Pending Sales
Closed Sales

Listing information gathered from the Florida Keys MLS.  Listing links will expire on September 9th, 2011.