May 05, 2020
At first glance, it appears that the real estate market remained fairly unscathed, with closings for each quarter being relatively the same in the first quarters of 2019 and 2020.
However, when comparing at the number of closings that occurred in the first quarter of 2019 to the first quarter of 2020, it's important to consider when the properties actually went under contract, instead of the actual closing date. Many of the properties that are closing now were under contract before the Coronavirus lockdown of the Florida Keys, and much of the rest of the country as well.
I compared the number of contracts being written and fully executed during the first quarter of each period for properties that did close. Normally I do these stats based on closings alone, but considering the unique circumstances of working under a global pandemic, I opted to use dates when properties actually went under contract.
Keyswide Numbers 2019:
Waterfront Single Family Homes: 190
Non-Waterfront Single Family Homes: 184
Keyswide Numbers 2020:
Waterfront Single Family Homes: 158
Non-Waterfront Single Family Homes: 153
These numbers show that while there are still buyers out there looking at property, fewer of them are actually writing offers and going to contract and closing. Hopefully the market will correct itself, as it usually does, in the second and third quarters of the year.
March 04, 2020
Here is a list of homes in the Upper Keys that offer a little more room to spread out with more than one lot, giving you space for boats, pools, etc.
And they range in price from the low $400's up to the millions, so there is something in just about every price budget.
See anything that catches your eye, call me and let's go take a look at it!
Click here to view the listings.
February 27, 2020
At just under 300 open water single family homes to choose from, there should be something for just about everyone's budget.
The lowest priced home is listed at $390,000 - but it did suffer considerable damage from Hurricane Irma. It is also located on Cook's Island - a unique off-shore community unite any other in the Keys.
My personal favorite is 95 Seaview Ave (pictured, top). This house just isn't overlooking the water - it's actually over the water itself. It has a very unique and historic feel to it (built in 1958), but is updated to modern standards. And it is listed at just $699,000.
But if money is no object, be sure to take a look 94100 Overseas Highway, the most expensive property (pictured, bottom) on the list - topping out at $24,500,000. Set on over 12.5 private acres, this incredible home features two stretches of private beach, 3 separate structures and several lush nature trails. Upon entering the expansive main house through the porte cochere one begins to feel the essence of the property as you cross a bridge overlooking waterfalls, koi ponds and lush greenery. With exceptional direct unobstructed views of the bay and open airy spaces this house was made for entertaining.
February 25, 2020
|29827 Tropical Trader Rd - Offered at $449,000|
So, which pool is going to be your tropical oasis in the Keys??
Click here to view the listings
February 24, 2020
While a lower price range may not get you that perfect ocean view from a private mansion, it can get you some nice views from condos, and canal front homes.
With over 400 residential properties from Key Largo to Key West, perhaps there is something that will catch your eye!
Click here to view the properties.
February 18, 2020
Here are all of the properties in the MLS that have been foreclosed on. While there aren't many to choose from, its important to note that the listing prices of REO properties are quite competitive with traditional market properties.
Click here to see the properties from Key Largo to Key West.
February 17, 2020
120 South Bay Harbor Drive has just been reduced to $445,900.
This 4 bedroom, 3 bath home is located on one and a half corner lot in desirable Bay Harbor. With plenty of room for a pool, this home offers a lot of possibilities.
Downstairs has 2 bedrooms and 2 bathrooms, but could also be utilized as a media or game room room or even a home office. It can also be used for extra guests, or as much needed air conditioned storage.
Upstairs, two large bedrooms share a Jack and Jill bath, and a bonus room can be used to either expand the living room, or expand one of the bedrooms, or even used for something else altogether.
Cathedral ceilings throughout give the home space and volume and the exposed wood beam ceilings give it a natural warmth.
Easy to see, call today to make an appointment.
Click here for more information and additional photos.
February 11, 2020
The Miami Herald recently published a very good article about the future of real estate and specifically, real estate professionals. After all, how many travel agents do you know now that passengers can shop for and buy the best flights at the best prices.
But what about your Realtor?
As the article state "Fundamentally, the role of the real estate agent in 2020 has not changed due to the internet. If anything, the Realtor’s role becomes more important as there is an abundance of information to review and validate. Experience, knowledge, and integrity makes a great professional. Listening, understanding, patience and interpretation of both customer and offering are still human services that a computer cannot provide."
I have to agree, and not just because I'm a Realtor. It has been all too often when I hear a buyer tell me they did a Google search and determined that the house was either in a certain zoning or in a certain flood zone, only to be found out later that the information was false.
Your trained local Realtor will know about the zoning or flood zone. They may also be able to tell you about the history of the house, such as how many times it has sold and for what prices.
They can also help you determine a realistic price for the house. Many time the famous "Zestimate" for a home on Zillow is overinflated, which delights sellers, but daunts buyers. The truth is, most of the estimates you see on Zillow are simply inaccurate. They don't take into consideration the condition of the home or the surrounding homes in the neighborhood.
When buying or selling real estate, be sure to enlist the help of a reliable Realtor to help you with your next sale or purchase.
Read more here: https://www.miamiherald.com/news/business/real-estate-news/article240098903.html#storylink=cpy
February 10, 2020
It's no secret that the Florida Keys are known for some very expensive real estate. Often people think you have to spend a small fortune to find a place to live in these islands. That's not always the case.
While there aren't a lot, there are still properties on the market for under $250,000 throughout the Keys. Many are condos, or small homes, and some of them actually have water views.
Maybe a second home in the Keys isn't out of reach after all?
Click here to view the properties
February 07, 2020
It's no secret that the Florida Keys are home to some of the most spectacular waterfront properties in all of South Florida.
Here are the top ten most expensive homes currently on the market in the Upper Keys. Not surprisingly, these homes boast impressive open water views and and represent truly luxurious island living.
Go on . . , dream a little!
Click here to see the properties
PS: If you see something you like and would consider purchasing, please give me a call!
Photos are courtesy of the Florida Keys Multiple Listing Service.
February 05, 2020
|Click to enlarge|
More residential properties were sold in 2020 than in 2019, and the average sales prices remained consistent. The area with the biggest change is condos, townhomes and condo-tels - with more units sold in 2020, and a noticeable drop in sales price from 2019 to 2020 for units have water views.
Click on the graphic to the side to see more details.
February 04, 2020
|120 South Bay Harbor Drive|
|Homeowners Park, just down the street|
Located halfway between Key Largo and Islamorada, this home is centrally located close to schools, shopping and everything the Upper Keys has to offer.
Offered unfurnished at $465,000, with a motivated seller.
Click here for more information and additional photos.
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