Florida Real Estate News & Market Trends

Our Florida Keys blog offers information from Key Largo to Key West including market statistics, home values, Keys events 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!

Jan. 26, 2023

Florida Keys Board 2022 Single Family Stats

Florida Keys SF Stats for 2022

2022 continued to be a busy year in the Florida Keys, while single family sales were down by over 29%, lack of inventory was still the biggest contributing factor. Single Family new listings ended up being down over 5% from the previous year. If you go back to pre-covid years, single family home sales are still up year over year and the number of months of inventory still remains below 6 months.   

2022 Single Family STats

If you like numbers and want to dive deeper into the Florida Keys single family market stats for 2022 , you can read the full report. If you would like to discuss the market in more detail or would like a valuation for your Florida Keys home, call us (305) 451-2111.

Jan. 24, 2023

Large Price Improvement 4 Bedroom Key Largo Home

Key Largo Home $200K Price Improvement

Don't miss the opportunity to own this 4 Bedroom, 3 Bathroom immaculate Key Largo canal front home. Sellers have decided to reduce the price $200K and this 2784 square foot home is ready for it's new owner.

Learn more about his home, or call us at (305) 451-2111 to schedule your private showing. 

 

 

 

 

Jan. 11, 2023

Another great opportunity in Key Largo

Key Largo duplex just reduced to $630K

Don't miss out on the opportunity to own an income producing duplex or employee housing in the heart of Key Largo. Each side is a one bedroom/one bathroom with screened in porch.  Large enclosed back yard is great for pets. 

price improvement 19 coral drive

To schedule a showing call or text us (305) 451-2111. Interested in more Key Largo properties, visit our featured listings page.

Jan. 6, 2023

2 Great Homes Now At A NEW PRICE!

Two Homes in Key Largo have just had price improvements.

Don't miss out on the opportunity to own a great home in Key Largo. Both of these homes are concrete bunkers and priced to sell. 

7 Ocean View is a 1632 square foot, 3 bedroom home with room to add a pool. Built in 2014, this home feels like a new build. New Price $700,000.

7 Ocean View

 

503 Caribbean Drive, Unit #A is a 1678, 3 bedroom home on a wide canal in Port Largo. 37' feet of seawall gives you plenty of room for your boat or other water toys. New Price $1,100,000.

For more information on either of these homes, call or text us today (305) 451-2111. 

Dec. 23, 2022

Florida Keys November 2022 Market Report

Florida Keys Board of Realtors Market Report for November 2022 is now available.

As anticipated the market continued to see sales slow during the month of November. Single family home sales not only saw a 60% decrease in sales, it also saw a 47% decrease in cash sales. The interesting twist with the slow down in sales, is still a lack of inventory coming onto the market, new listings were down 7% over the same month in 2021. We have seen a year over year increase in inventory but still not that huge increase that people have been anticipating. Traditionally we see the most inventory come into our market during the January and February months. It will be interesting to see if that happens in 2023 and if that helps the market balance out. 

Want to know more? READ the full market report. Thinking of buying or selling in the keys and want to speak to one of our experts? Call us today (305) 451-2111.

 

Dec. 14, 2022

The Median Value Decreases In Key Largo

Key Largo shows a 1.4% decrease in Median Value.

At the end of November 2022 we saw a decrease in median home values in Key Largo. The National Association of Realtors reports a 1.4% decrease over the previous month. This is the first time in quite some time we have seen a decrease. The value still remains up over the last two years, but it is a sign. We are projecting to see a much more balanced market moving into 2023. 

Median Prices Key Largo

Along with getting to a balanced market, we should expect an increase in new inventory, that has also remained low. Typically we see our largest influx of new listings in January and February. Time will tell, but if we do see the inventory jump up and values decrease we will be more balanced and in a normal sales pattern than we have seen in the past 2 years. 

If you would like to discuss the market in more detail, or have questions on buying and selling in the keys, call us today (305) 451-2111.

 

Dec. 8, 2022

Year to Date Single Family Prices Still Up

Monroe County Single Family Stats YTD through October 2022

The last part of 2022 continues to see increased average sales prices. It is anticipated that prices will continue to increase slightly throughout Florida in 2023. This is leading to more days on the market, than what we saw during the past two years. The most interesting factor is that while inventory is up, it is not back to pre-covid levels. With the average price increases and lack of inventory, buyers are now taking more time to make a purchasing decision. 

YTD-October Stats

If you would like more information on buying or selling in the Florida Keys call (305) 451-2111 or message us today.

Dec. 6, 2022

Just Sold In Big Coppitt Key

Single Family Sold in Lower Keys.

Congratulations to our seller and all involved with the sale of 17 Cactus Drive in Big Coppitt Key. This home is in a great location just minutes outside of Key West. Interested in learning more about properties in the lower keys? Visit our Lower Keys section on our website or call us today (305) 451-2111 for more information. 

 

17 Cactus

Dec. 2, 2022

Just Listed Duplex in Key Largo Beach

Great investment opportunity in Key Largo!

Just listed duplex located in the heart of Key Largo on Coral Drive. Close to restaurants, marinas, shopping and more! Both units are one bedroom and one bathroom with screened porches. Use one side for yourself and rent out the other side for additional income. Duplex would also be a great employee housing opportunity. 

Listed at $675,000

19 Coral Drive19 Coral Drive19 Coral Drive19 Coral Drive

 

For more information or to schedule a showing message or call us today (305) 451-2111.  

Nov. 30, 2022

Canal Front Just Sold in Lake Surprise

Key Largo mobile home just sold!

Congratulations to our sellers and our buyers! We were elated to assist a previous customer when they asked us to sell their home in Key Largo. It just so happened that this home was a perfect match for one of our buyers.  It isn't easy to find waterfront homes in Key Largo under $1M but they do come up. If you are looking for waterfront homes in Key Largo under $1M, we have a LIST of available properties.

Just Sold 301 Vaca

If you are interested in buying or selling in the keys, MESSAGE or CALL us today (305) 451-2111 to discuss your needs.