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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!