Florida Real Estate News & Market Trends

Our Upper Keys blog covers information from Key Largo and Islamorada market statistics and home values to Keys happenings.  We also include "local reviews" of Keys neighborhoods, condominiums and more.  We care and want to help you find your best place in the Florida Keys. Please reach out if you have any questions at all. An easy way is to visit ScheduleJim.com.  We’d love to speak with you!

May 29, 2021

12 Silver Springs Key Largo

This home will hit the market this weekend!

FOR SALE: Two bedrooms with one bathroom house plus a bonus studio.  Deck, hot tub and a fenced yard are some of the features.  Bayfront park for homeowners.  Starting price will be $400,000

Setting up showings beginning June 1.  Contact me for an appointment.

12 Silver Springs Drive Key Largo front of home    Key Largo Park

12 Silver Springs Key Largo kitchen    12 Silver Springs Key Largo studio

 

May 3, 2021

First Quarter Newsletter 2021 in the Florida Keys

Florida Keys Real Estate stays strong

This comprehensive newsletter compares the first quarter of 2021 to previous years including breakdowns for the Upper Keys, Middle Keys, Lower Keys and Key West.

View a printable pdf report

spring 2021 florida keys

April 20, 2021

Real estate sales volume more than doubles for 1st quarter 2021

Florida Keys real estate market stays hot!

Per the Coldwell Banker Schmitt year-to-date report through March 2021, the total dollar volume of real estate sales in the Florida Keys was $916,802,940.  This comes after relatively stable first-quarter sales reports with sales volume in the upper $300 million range from 2017 through 2019 and slightly higher in 2020 during which the figure neared the mid $400 million mark.  The 2021 reported amount is over double as compared to 2020.

2021 first quarter sales volume florida keys

View a printable version of the Florida Keys 1st quarter dollar volume of sales.

We have seen that the number of sales in the Florida Keys was also higher during this time period.  However, the percentage increase was less than the volume, indicated an increased average sale price.

View the complete 2021 Keys-wide 1st quarter listing and sales report.

April 14, 2021

Room for the family in Key Largo

3/2 up plus 2/1 down

Great value at this solid concrete home in Key Largo.  The upstairs has been extended and includes 3 bedrooms and 2 bathrooms plus a roomy screened porch.  Downstairs is 2 bedrooms and 1 bathroom with a full kitchen.  Located in a predominantly single-family neighborhood, this area is non-conforming but is a great area for guests or extended family.  Price is $650,000.

364 Sound Drive, Key Largo

South Creek Village is located on the ocean side of Key Largo and includes a waterfront homeowner's park.  Membership in the voluntary homeowners association affords owners access to the boat ramp and up to 72 hours of continuous boat dockage on a space-available basis.

Set up a time to view the property at ScheduleJim.com.

Key Largo house for sale

House for sale in Key Largo

364 Sound Drive Key Largo

South Creek Village Key Largo

April 12, 2021

Florida Keys Sold Properties First Quarter 2021

Year to date sales up 66%

Through March 2021, the first-quarter market report for the Florida Keys reveals a significant jump in the number of sales as compared to prior years.  As shown in the graphic, the number of sales had been relatively steady from 2017 through 2020, ranging from the low to mid 600s.  Soaring to well over 1,000 for 2021, the number of sales year to date is up 66% Keys-wide.

The Upper Keys trails in the percentage increase at 40.5% but this submarket is also most affected by the greatest decline in the number of properties for sale, creating a significant challenge for buyers in the area.  View the entire Florida Keys first quarter market report as compiled by Coldwell Banker Schmitt Real Estate Company.

florida keys sold properties march 2021

April 7, 2021

Florida Keys Listings and Sales report 1st quarter 2021

The Seller's Market Continues in the Florida Keys per the Listings and Sales Report at the end of 1st Quarter 2021

According to the Coldwell Banker Schmitt Real Estate Company report for the period ending March 2021, the number of sales, dollar volume of sales, and the number of pending transactions are up dramatically as compared to previous years. The number of properties listed for sale continues to be very low and, for the time being, the overall market remains a "seller's market".

Florida Keys listings and sales 1st quarter 2021

View a printable version of the 1st Quarter Listings and Sales for the Florida Keys.

April 6, 2021

Largo Sound Village home SOLD

223 Avenue B Key Largo

Congratulations to our buyers of this pool home in Key Largo.  Located on a double corner lot in the popular Largo Sound Village subdivision, this property is a near-perfect home for the new owners.

223 Avenue B Largo Sound Village

View properties for sale in Largo Sound Village.  Perhaps with the inventory of homes for sale so low, you may want to expand you home search and view all non-waterfront homes for sale in Key Largo.

 

 

April 2, 2021

Mobile home in Key Largo SOLD

Loeb Avenue near Key Largo School

Congratulations to our buyers and sellers, all of whom are repeat customers!  This property was off-market when the stars aligned and we came up with a win/win scenario for both parties.  The sale was financed expertly by Lisa Feliciano of SouthState Bank.

Mobile Home in Key Largo

 

 

Mobile homes for sale in Key Largo can be an affordable alternative when buying property in the Florida Keys.

 

 

April 1, 2021

Sold Home on Plantation Key

88963 Old Highway, Tavernier

Just sold this home in Islamorada in the Upper Florida Keys.  Congratulations to our buyers who are repeat customers from 4 years ago.  This house is on the corner of the Old Highway and Schooner Bay Road

88963 Old Highway Islamorada front house

View more non-waterfront homes for sale in Islamorada.

More information about 88963 Old Highway.

March 3, 2021

Market Report for the Florida Keys

Florida Keys - February 2021

Listings and Sales Keys-wide

Although still very early in the year, the real estate market in the Florida Keys continues to be robust, following the trend that began in 2020.  The demand from buyers is outpacing the number of sellers as explained with a few of the key numbers below.

Market Report Florida Keys YTD February 2021

Through February 2021, Keys-wide the YTD comparison vs 2020 reveals the following highlights:

  • The number of closed sales is up 55.7%.  This is after being basically steady from 2017 through 2020.
  • The number of properties for sale is down 32.3%.  In the Upper Keys, the number is down 43.6%.
  • The number of pending sales is up 61.9%.  

Thinking of selling your home?  This is a great time to take advantage of the strength of the Florida Keys market before circumstances change.  The listing competition is low and the demand is still high.

View the pdf version of the Coldwell Banker Schmitt Real Estate Company Listings and Sales Report for the Florida Keys through February 2021