July 10, 2012

Market Update - Florida Keys real estate activity July 1st to July 8th, 2012


We had a busy 4th of July here in the Keys. It was pretty much our last big push for tourists, so the rest of the summer is expected to be slow and warm. Thankfully, no storms have impacted us during the first month of Hurricane Season, and we certainly hope that continues to be true.

93 new listings came on the market the first week of July. 50 properties went under contract and 30 properties closed. Not bad for the slow time of the year!

New Listing - Listed for $642,900
New listings include an REO property in Key Largo I wrote about earlier. This property has over 3,500 sq. ft. of living space and 75 feet of dockage. it is just minutes to the open Atlantic.  Offered at $642,900, I expect this home to sell quickly.

Pending Sale - Listed for $427,500
Pending homes include one of my favorite homes in Islamorada. This 2/2 dry lot home is in a private, gated subdivision and has a private pool.  The interior is very reminiscent of an ideal Keys cottage, with coral wall accents, tile floor and wainscoting  on the living room walls. It was listed at $427,500 at the time of contract.

Sold Listing - sold for $735,000
Sold properties include a bayfront home in Key Largo. The 2/3 bath CBS home is all concrete including the roof. It includes a boat basin with sandy beach. Listed as a short sale, it sold for $735,000.

To see the listings, follow the links below:


Listing information is gathered from the Florida Keys Multiple Listing Service.  Listing links will automatically expire after 8/9/2012.

No comments:

How Does 2019 Compare to 2018 in Terms of Sales?

The 2018 real estate market was a fairly brisk market, especially considering that much of the Keys was still recovering from Hurricane Irm...