Just Sold Single Family Home

We are excited to announce the successful sale of 769 Musa Drive in Key Largo, Florida. This exceptional property offers a tranquil and private setting with mature trees and a gentle breeze from the nearby canal. The well-maintained home features high ceilings, ample storage, and three bedrooms on the main living level. With a neighborhood boat ramp and plenty of parking, the new owners can enjoy easy access to boating activities. There is also great potential to add a private pool. Congratulations to the new owners on acquiring this hidden gem that embodies the quintessential Florida Keys lifestyle.

Interested in a home like this in Key Largo? View dry lot homes in Key Largo for more available properties. 

Monroe County Florida

The real estate market is a dynamic entity, subject to various factors that can influence its performance. In this blog post, we will delve into the housing market statistics for Monroe County, Florida, specifically focusing on single-family properties for the month of April 2023. By examining year-over-year comparisons, we can gain insights into the current trends and fluctuations within the market. Let's explore the key findings below.

One of the notable aspects of April 2023 was a decrease in closed sales by 36.5% when compared to the same period in the previous year. This decline suggests a shift in buyer activity or market conditions that may have impacted the number of finalized transactions. Understanding the reasons behind this decrease requires a deeper analysis of various economic and environmental factors influencing the real estate market.

Monroe County experienced a marginal decrease of 0.09% in the median sales price for single-family homes in April 2023 compared to the previous year. This minimal decline in median sales price suggests a relatively stable market, where prices have not experienced significant fluctuations. It is crucial to note that the median sales price represents the midpoint value, indicating that half of the properties sold above and half below this figure.

The median time to contract in Monroe County, Florida, for single-family homes in April 2023 was recorded at 65 days. This metric measures the average number of days it takes for a property to transition from listing to entering a contractual agreement. Monitoring the time to contract provides valuable insights into the efficiency of the market and helps both buyers and sellers anticipate the duration of the sales process.

April 2023 witnessed a decrease of 23.2% in new listings compared to the previous year. This decline implies a lower influx of fresh properties entering the market during this period. The decrease in new listings could be attributed to a variety of factors, such as economic conditions, seasonal trends, or even external events that impact the real estate industry. It is important to consider these factors when evaluating the supply side of the housing market.

In contrast to the decline in new listings, active listings in Monroe County surged by 72.2% in April 2023, compared to the same period in the previous year. This increase signifies a growing inventory of available properties for potential buyers to consider. A rise in active listings may provide more options for buyers but can also contribute to a more competitive market as sellers compete for buyers' attention.

Analyzing the single-family housing statistics for Monroe County, Florida, in April 2023, reveals several notable trends. The decline in closed sales and new listings raises questions about the factors influencing buyer and seller behavior during this period. Despite these decreases, the stability in the median sales price suggests a relatively balanced market. Furthermore, the increase in active listings indicates a growing inventory for prospective buyers. These statistics offer valuable insights for real estate professionals, buyers, and sellers, enabling them to make informed decisions in a dynamic market.

The statistics provided are based on available data and should be interpreted as trends rather than absolute indicators of the entire housing market. For more information you can READ the full report from the Florida Keys Board of Realtors or CONTACT US for more information.

Silver Shores Home Just Listed

Are you dreaming of affordable living in the beautiful Florida Keys? Look no further than 909 S Ruby Drive in Key Largo, a remarkable over 55 community offering a host of amenities to enhance your lifestyle. With its spacious layout and impressive features, this property presents an exceptional opportunity to enjoy the Florida Keys experience while staying within your budget. Let's take a closer look at this charming home and the benefits it offers.

One of the standout features of this over 55 community is its array of amenities designed to cater to your needs and enhance your quality of life. Whether you're a water enthusiast or prefer land-based activities, you'll find plenty to enjoy here. Take a refreshing dip in the oceanfront swimming pool, perfect for cooling off on hot summer days. Engage in friendly matches on the tennis courts, providing an opportunity for exercise and socializing. Boating enthusiasts will appreciate the convenient access to the boat pier, allowing for easy exploration of the surrounding waters. Additionally, the welcoming clubhouse provides a space to create memorable moments and foster new friendships with fellow residents.

Unlike neighboring homes in the community, this particular property offers nearly double the living area, effectively making it triple-wide. With a total of 1,856 square feet, there's ample space to accommodate your lifestyle and personal preferences. Whether you enjoy entertaining guests or simply desire room for relaxation, this spacious layout ensures you have all the space you need to make this house truly feel like home.

The current owner of this property has already paid $25,000 towards the Homeowner's Association's land and master lease buyout assessment. As the buyer, you will assume responsibility for the remaining balance. This investment secures your long-term ownership rights and adds value to your property. By purchasing this home, you can enjoy the peace of mind that comes with knowing you have a stake in this thriving community.

Living in the Florida Keys is a dream for many, but it can often come with a high price tag. However, at 909 S Ruby Drive, you can experience the joys of Florida Keys living without breaking the bank. Priced at $350,000, this property offers excellent value for its size and location. You'll have the opportunity to enjoy the sun, sea, and sand of the Florida Keys while maintaining a budget that suits your needs.

If you're seeking affordable living in the Florida Keys, 909 S Ruby Drive in Key Largo is the perfect option for you. With its exceptional amenities, spacious living area, and budget-friendly price, this property offers an opportunity to embrace the Florida Keys lifestyle without compromising on comfort or convenience. Don't miss out on this chance to make your dreams of Florida Keys living a reality. Contact us today and discover the charm of this remarkable over 55 community in Key Largo!

Call or Text Jim 305-394-4449 to schedule a showing.

A Promising Outlook for Real Estate

Monroe County, located in the beautiful state of Florida, experienced an interesting market dynamic in April 2023. The region is currently in the early stages of a balanced market, indicating a healthy equilibrium between supply and demand. This has led to several notable changes in the market statistics, providing insights into the trends and preferences of buyers and sellers.

One crucial indicator of market activity is the Months of Inventory, which measures how long it would take to sell all the existing homes on the market at the current pace of sales. In April, Monroe County had 5.33 months of inventory, representing a decrease of 3.62% compared to the previous month. This decline suggests a tightening of supply, as properties are being snapped up at a slightly faster rate.

Another significant metric to consider is the List to Sold Price percentage, which gauges the relationship between the initial listing price and the final sale price. In April, the List to Sold Price percentage stood at 95.9%, exhibiting a 0.93% increase month over month. This upward trend indicates that sellers are achieving a higher percentage of their initial asking price, reflecting strong buyer demand and a competitive market environment.

When it comes to the time it takes for a property to sell, the Median Days on Market is a vital metric to assess market efficiency. In April, the median days on market in Monroe County was 60, which marked a notable increase of 13.21% compared to the previous month. While this might initially suggest a slowdown in the market, it can also indicate that buyers are taking their time to make informed decisions, or that sellers are not pricing their properties competitively to attract offers.

In terms of pricing, the Median Sold Price provides valuable insights into the overall price trends in the market. In April, the median sold price in Monroe County was $950,000, demonstrating a modest increase of 1.62% compared to the previous month. This rise indicates that home values are appreciating gradually, benefiting sellers and potentially encouraging more listings in the future.

Overall, the market stats for Monroe County in April 2023 paint a promising picture for the local real estate industry. With a more balanced market and decreasing months of inventory, sellers have a higher chance of securing favorable offers. The upward trend in the List to Sold Price percentage suggests strong buyer demand, indicating that properties are being sold closer to their initial listing prices again.

While the increase in the median days on market may appear counterintuitive, it is important to view it as an opportunity for both buyers and sellers. Buyers have more time to carefully consider their options, ensuring they make well-informed decisions. Sellers, on the other hand, can utilize competitive pricing strategies to attract buyers and expedite the selling process.

Lastly, the gradual rise in the median sold price points towards a stable and appreciating market, benefitting homeowners and real estate investors alike. It's worth noting that these statistics reflect the market conditions in April 2023 and are subject to change in the future as economic factors and buyer preferences evolve.

As we move forward, it will be interesting to monitor the market dynamics in Monroe County, Florida. Whether you're a buyer, seller, or investor, keeping a close eye on the market statistics can help you make informed decisions and navigate the ever-changing landscape of real estate with confidence.

See what the Oceanside has to offer in Key Largo!

Key Largo is a beautiful island located in the upper Florida Keys, known for its crystal-clear waters, stunning coral reefs, and vibrant marine life. It's no surprise that many people dream of owning a home on the island to enjoy the year-round sunshine and endless outdoor activities. If you're looking for an oceanside home in Key Largo, KeysListings.com is the perfect place to start your search.

KeysListings.com offers an extensive selection of waterfront properties for sale, including single-family homes, townhouses, condos, and villas. Their website is user-friendly and easy to navigate, making it simple to find the perfect home to fit your needs and budget. You can filter your search based on price, location, number of bedrooms and bathrooms, and other amenities to ensure that you find a home that checks all the boxes.

One of the many benefits of working with The Keys Listings Group is their team of experienced real estate agents. They know the local market inside and out and can help you find the perfect home that fits your unique needs and lifestyle. Whether you're looking for a cozy cottage or a luxurious waterfront estate, their agents can help you navigate the complex real estate market and find the right property at the right price.

One of the most popular types of homes in Key Largo is oceanside properties. Some of these homes offer stunning views of the turquoise waters and allow you to step right into the water from your doorstep. KeysListings.com has a wide variety of oceanside properties for sale, ranging from modest cottages to multi-million dollar mansions. They can help you find the perfect home that meets your budget and lifestyle needs.

If you're looking for an oceanside home in Key Largo, KeysListings.com should be your first stop. With their extensive selection of properties, experienced real estate agents, and user-friendly website, they make it easy to find the home of your dreams. Contact them today to start your search!

Is your perfect home something that you thought didn't exist in the Florida Keys? 

After working with hundreds of savvy home purchasers that had very specific wants and needs in their Perfect Home, we've found that most people go about their home search the wrong way, getting them stuck with a home that's "kind of close" to their real Perfect Home purchase.

That's why we created our Perfect Home Finder Program whereby once you tell us exactly what you are looking for, we invest our own money to go out and find properties that match exactly what you are looking for, owned by sellers that are ready to sell! 

We've agreed to offer this Perfect Home Finder Program at absolutely no charge for the remainder of the month. This allows you to casually look at a few properties with absolutely no obligation to ever purchase. 

This totally free service will find you your Perfect Home even though it's not available for sale on the open market. Discover properties in the Florida Keys market that match exactly what you are looking for.

CONTACT US right now to get access to the perfect properties for your family's needs.

One of a Kind Key Largo Waterfront Home SOLD!

We are thrilled to announce the recent sale of the stunning concrete canal front home located at 217 La Paloma Road in Key Largo. Situated on a 9000+sf lot, this home is truly a one-of-a-kind gem in the heart of Key Largo. We are thrilled to have had both the seller and buyer choose us as their real estate partner in this transaction. Our team worked tirelessly to ensure a smooth and successful sale, and we couldn't be prouder of the outcome. We know that the new owners will love this property as much as we do, and we wish them all the best as they settle into their new home.

If you're looking for property in Key Largo, contact us today to start your journey to waterfront living in the beautiful Florida Keys.

Florida Realtors have released Single Family Stats for March 2023.

Year over year for March 2023 continues the trend we have been seeing so far this year. Closed sales remain down as well as new listings coming on the market. We have been waiting for more new listings however the big influx we were all anticipating would happen this year still has not happened. During the month of March single family new listings remained down just over 24%. That lack of inventory in conjunction with higher interest rates have all effected the number of closed sales. You can read the FULL REPORT for more stats and breakdown of the numbers. 

If you have questions about the Florida Keys real estate market or would like to discuss buying or selling a home in the keys, call us today (305) 451-2111. 

Florida Realtors releases early 2022 Upper Keys Stats

The numbers are in for the early part of 2023. We've broken down the stats by each of the Upper Keys areas. While the numbers varied from area to area, the overall trends remained the same throughout each area. Inventory has gone up this year but still not up to pre-pandemic numbers. This is still the biggest driving force behind the reduction in closed sales year over year. We are also starting to see the median sale prices drop over the previous years, where we had been on an upward trend for the last several years. We still don't have enough inventory to say it's a "buyers' market" but there is at least a little negotiating room now. 

If you are thinking of buying or selling in the Florida Keys and would like more info, reach out to us at (305) 451-2111. If you would like to see the current inventory in Key Largo, or Islamorada you can visit www.keyslistings.com and set up a custom search to get regular listing updates.