June 2021 closed sale units were up

The number of closed sales of single-family homes increased 94.5% in 2021 as compared to the same month in 2020. This makes sense when you consider the impact of covid-19 restrictions in 2020 plus the lag in time between the execution of a purchase agreement and the actual closing date.  Click for a pdf version of this Monroe County market report.

The "pending" inventory of single-family homes is relatively flat as compared to 2020.  The challenge remains the actual inventory "active listings" of homes for sale which is down nearly 58%.  When the number of active listings begins to normalize, we will see the market change and become more balanced and palatable to a greater number of buyers.  Most experts agree that, given the overall real estate climate, the consumers should not confuse "market change" with "market decline" - there remains a lot of demand for homes in the Florida Keys.

View current listings of all properties for sale in the Florida Keys MLS

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.

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

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.

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.

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.

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.

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".

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

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.

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.

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

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

View more non-waterfront homes for sale in Islamorada.

More information about 88963 Old Highway.