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!

May 27, 2022

Just Sold in Mariner's Club

When you can't find what you are looking for our team does the extra work necessary to find you the perfect fit!

A repeat client of The KeysListings Group came to us with some specific criteria. When nothing was available on the market we went to work and found him his perfect off market townhome in Mariner's Club. With inventory continuing to decrease it is often necessary to go on the hunt to find our buyers off market properties. With a team of 3 full time agents we dive in as a team and search until we find that perfect property.

Are you thinking about buying a condo in Key Largo? Visit our website often to stay up to date on currently available condo units. 

 

Just Sold Mariner's Club

 

If you are ready to buy but your dream property just isn't out there in the existing available listings, let our team go to work for you. If you would like more information on buying or selling in the keys, contact us or call (305) 451-2111.

 

May 26, 2022

April 2022 Single Family Homes Report

It continues to me more of the same for April 2022.

So far 2022 has continued the low inventory trend and increased price points. April was no different.  Median home prices for single family homes are now 29.5% more than the same time last year. Inventory continues to decrease year over year which is a trend we have seen since the start of covid in 2020. To see the complete Florida Keys Single Familh Home report click here. 

April 2022 Single Family Stats

 

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

May 9, 2022

Florida Keys Q1 2022 Single Family Home Sales Report

First Quarter of 2022 continues to see low inventory.

The Florida Keys Board of Realtors® has come out with the First Quarter report. As anticipated inventory has continued to drop over the previous year. We had already seen a dramatic reduction in inventory in 2021 over 2020 and this year is no different.  Sales continue to decrease due to lack of inventory.  The average sales price has increased 33.1% over last year with the average "keys" home selling for $1,595,881. To view the report CLICK HERE.

Florida Keys Q1 Home Sales

 

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

 

 

 

April 26, 2022

Canal Front Home For Sale Key Largo

Our newest listing in Key Largo won't last long!

This well upkept property in Key Largo on a spacious and private canal is the perfect "keys" getaway home. Featuring 3 bedrooms and 2 bathrooms upstairs, 50' of seawall with davits and an above ground pool. 

188 La Paloma Road Front of HomeThe front offers plenty of room for parking for all your vehicles and water toys. 

Canal View

188 La Paloma Aerial

The home is set back further than all the other homes on the street, offering superior canal views. 

188 La Paloma Living Room

188 La Paloma Bedroom

188 La Paloma Bathroom

Well maintained and spacious living area. 

188 La Paloma PorchEnjoy the canal views from the wrap around porch, which is screened in the back of the home for more comfort.

Listed at $1,550,000

For more information or to arrange a showing contact The KeysListings Group at (305) 451-2111 or keyslistingskerry@gmail.com or send us a message.

April 13, 2022

Can you still find Homes for Sale in Key Largo on the Water under $1M?

Are there still homes available on the water under $1M in Key Largo?

The market has continued to see an increase in price point and most homes on canals and open water have been north of $1M. Often we are asked if properties ever come on the market below the $1M mark, on the water. They are becoming fewer and further between but they do sometimes show up. Click here for waterfront homes in Key Largo under $1M.

Waterfront Home

We do recommend if this is what you are looking for that you be prepared to act fast when one of these properties comes on the market. Remember, if you are looking for that type of property there are several other people looking for the same thing. It's really important to have all your ducks in a row, so if you do need to make an offer quick you are ready to pull the trigger. 

Moon Bay

Other options for waterfront that can often be more affordable than a single family home are some of the condos and townhomes. There are several communities that include lots of amenities such as a pool, tennis courts, dockage and more. So going that route sometimes might give you more bang for your buck. Click here for Key Largo Condos.

Homeowners Park PKC

There is also a third option, a dry lot in a community with a homeowners park. These homeowner parks often include a boat ramp, and usually come at a low annual cost. Click here for properties in Key Largo under $600k

 

For more information on the Florida Keys real estate market reach out to us today at (305) 451-2111 or message us

 

March 28, 2022

New Listing Plantation Key Colony Waterfront Home

Check out our newest listing in desirable Plantation Key Colony

You can't beat the location or the views. This CBS 4/3 2516sf home is coming on the market for the first time in over 30 years. Featuring 70' of waterfront and room for a pool.

388 S Coconut Palm Front Aerial

388 S Coconut Palm Views

This great CBS home sits on the mouth of a canal into Plantation Key Colony and the Florida Bay. It is just a short distance to Tavernier Creek for oceanside boating.

388 S Coconut Palm Blvd Living Room

388 S Coconut Palm Blvd Kitchen

Open the sliders and enjoy the amazing breezes coming off the Florida Bay.  

388 S Coconut Palm Back

388 S Coconut Palm Blvd Front

Plenty of room to park all your toys or create a lavish tropical garden in the front. The back has plenty of room to add a waterfront pool. 

Listed at $3,200,000

For more information or to arrange a showing contact The KeysListings Group at (305) 451-2111 or keyslistingskerry@gmail.com or send us a message.

 

March 24, 2022

Florida Keys February 2022 Townhouse and Condo Sales Report

February 2022 Townhouse and Condo inventory remains at historic lows.

We continue to see a lack of inventory in the Florida Keys across the board. The Townhouse and Condo market has seen an even bigger deficit in inventory, compared to single family homes. The days of having your choice of multiple units to pick from in a community seem to be a thing of the past. We are seeing Townhouses & Condos come on the market and going under contract in the same day. In February there were only 88 units available county wide, which was a decrease of over 60% from the same time last year. Click here for a pdf copy of the Monroe County Condo & Townhouse report. 

 

Feb 2022 condo & townhomes

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

 

 

March 15, 2022

Florida Keys Housing Market

When will the market change?

The short answer is we don't know, but people are wondering how long can this lack of inventory last. So far 2022 has continued to see a dramatic decrease in inventory over last year. This is the time of year we usually anticipate a "flood" of houses coming on to the market for sale. We did not see that increase in inventory this time last year and this year continues to be down over 30%. This also means sales are down, lack of inventory means lack of sales. 

Mariner's Club Key Largo

So what does all of this mean? If you are considering selling your Florida Keys home, it has never been a better time. The average sales price is up over 30% from last year, which had already seen a sizeable increase over 2020. Days on market have also continued to decrease, less than two years ago the average days on market was about 3-4 months.  2022 is seeing and average of 2 months or less on market. 

43 Cormorant Key Largo

With this much faster pace and lack of inventory buyers need to be prepared to act fast. While you are thinking about a property, several other people are usually writing offers. Part of writing an offer in this market also requires a proof of funds letter or pre-approval letter to be included with the offer. You will want to have those in place prior to viewing homes as some sellers will also require that documentation to view their homes as well. 

It is more important than ever to work with a professional, to guide you through this challenging market. We would love to be the professionals that help you buy or sell in the Florida Keys. Call us today (305) 451-2111 or message us.

March 4, 2022

Just Sold in Sexton Cove, Key Largo

Just Sold In Key Largo

Congratulations to our seller's on the sale of their amazing home at 43 Cormorant Drive, Key Largo. This 2 Bedroom, 2 Bath home has amazing views of Blackwater Sound. The new owner will surely enjoy their new "Keys" home. 

As with many closings, it takes a village to get to the closing table. Thank you to all involved! Most people are unaware of the challenges that often arise when selling a home. That is why it is so important to work with local professionals.

Just Sold 43 Cormorant Drive

Sexton Cove is located near mile marker 106 in Key Largo in the Florida Keys. Most homes in Sexton Cove are manufactured and custom-built. Some are situated directly on Blackwater Sound, many on canals, and the balance on non-waterfront lots. To see available homes in Sexton Cove click here.

If you are considering selling your Florida Keys home, call (305) 451-2111 or message us today for more information on how our team can help you through the hurdles of selling. Let's get your home to the closing table and SOLD!!!

Feb. 25, 2022

Florida Keys January 2022 Single Family Home Sales Report

January 2022 saw a decrease in closed sales.

January 2022 had a decrease of 28.9% in closed sales over last January. The decrease in sales is a continued result of the lack of inventory county wide. Inventory was down 38.7% over last January, which had already seen a decrease over 2020.  Click for a PDF copy of the Monroe County January 2022 Single Family Stats.

Monroe County Single Family Stats January 2022

 

We have also continued to see the Average Sales Price rise up 20.1% over last year, now averaging over $1.3 Million. The market is still on a very fast pace with most homes going under contract in under 30 days. We can't stress enough on how important it is to act FAST! To see available listings in the keys visit www.keyslistings.com