May 2012
Ok, Some important Bullet Points for you to be aware of regarding this recent Upper Keys Rales Report:
- Sales Volume is Down 7.7% from 2011 because there were 19.5% fewer New Listings!
- The Absorption Rate for 2011 was a respectable 74.7% meaning the ration between New Listings and Sold Properties. for the same time in 2012 it was a staggering 116% !!! that means more properties sold than came on the market. Can you say supply and Demand??
- List Prices were up 4.6%
- Sale prices were up a health 6.8%
- Time on the Market was 15% less
The bottom line and story that these numbers tell is that this is the best time in several years put your property on the Market, and if you are a buyer...act NOW.
March 2, 2012
So, as we close the books on February, some interesting numbers come to light for The Upper Keys.
In comparing last years' numbers to this February's we find that though the quantity of sales went down slightly, the average sales price went up 26.2% !!!
We also see that the quantity of listing that came on is up dramatically meaning more inventory and that the average list price has jumped 15.7%.
This should certainly answer the "have we hit bottom yet?" question. Yes, yes we have, some while back.
And like gas prices, property prices are going UP!! Buy em now while you still can!
It's Time for The January Edition of The Real Estate Resource Report!
I am always getting asked about the local real estate market and what is selling, so in an effort to keep you updated I am providing a monthly report that shows the sales activity in the Upper Keys.
I hope you find this information useful and interesting.
Work with an Agent who Specializes in Venetian Shores. Put the experience and expertise of The Conchquistador to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call me at 305.439.7730 or email me at DropAnchor@TheRealEstateConch.com.
Ready to create your own no-hassle shopping cart of available Properties in the Florida Keys, with multiple search capability? Click here: ConchMLS.com.
