Market Update - Real estate activity for the week of July 25th to July 31st, 2011

Yet another month has come to a close here in the Florida Keys. We've survived lobster mini-season, haven't had any tropical storms and kids have less than a month before they head back to school.

The real estate market has continued to stay stable during the summer months. Showings are not as frequent, but that is expected during the summer months. This past week we had 21 new listings, 21 properties go under contract and 16 closed sales.

Ocean Harbor, Islamorada - $925,000
Among the new listings, there is a fabulous end unit at the desirable Ocean Harbor complex in Islamorada. This 3 bedroom, 2 bath condo offers 2,150 square feet of living space, covered parking, marina, pool and clubhouse. This unit has nice open water views and views of the pool as well. It is offered at $925,000.

Ocean Pointe, Tavernier - pending sale
Pending sales included a 2 bedroom, 2 bath condo at Ocean Pointe. This unit is the popular D floor plan, the only floorplan that offers a balcony and ocean view from the master bedroom.  It is not an upgraded unit and needs to have some work done to it. It was listed at $279,000 at the time of contract.

Lake Road - closed at $900,000
Closed sales include an impressive home on Lake Road in Tavernier. This home has 3 bedrooms, 4 baths and over 2,400 square feet of living space. It is contemporary, with open floorplans, bay windows and stainless steel appliances. It also has a free form swimming pool and lake and bay views. It sold for $900,000

Follow the links to view the listings:

New Listings
Pending Sales
Closed Sales

Listing information gathered from the Florida Keys MLS.  Listing links will expire on August 31, 2011.