The average sale price in the Florida Keys for 2020 was up 8.5% as compared to 2019

2020 average price was $671,793

The lower number of homes for sale in the Florida Keys combined with continued demand and lower interest rates has contributed to the rise in the …

2020 sales volume was $2,209,904,119

As suggested in November, the Florida Keys Real Estate market did, in fact, surpass $2 billion in sales volume, despite the challenges experienced in the early part of 2020. In comparison to 2019, the total sales volume increased by 26.5% for the entire Florida …

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The total number of sales in the Florida Keys is up 16.6% for 2020

After a slow first quarter due to COVID-19, the real estate market bounced back in a big way according to the Coldwell Banker Schmitt Real Estate Company market report for 2020. 

The number of …

The Coldwell Banker Schmitt Real Estate Company market report for the Florida Keys is in!

We will break down the specific market statistics in future posts but some highlights include:

1. Total Sales Volume: $2,209,904,118
2. Number of Listings for Sale: 1,871
3. Number of Pending Sales: 404
…

Pending Sales in the Florida Keys are up sharply in year over year comparison through November 2020. 

According to the market report provided by Coldwell Banker Schmitt Real Estate Company, the number of pending transactions is up 40.4% as compared to this time last year. Over the same time …

The Keys-wide "Months of Inventory" drops 27.3% as compared to the end of November one year ago.

The months of inventory is the time it would take to sell off all properties that are currently on the market if there are no new listings. For the entire Florida Keys, …

Keys-wide, the average listing price as of November 2020 has risen 6.9% year over year.

Now well over $1 million, seller expectations are rising as buyer demand continues. As shown in an earlier post, the average sale price in the Keys was up 8.3% for the same time period. …

How many properties are currently for sale in the Florida Keys?

As of the end of November 2020, there were 2,019 properties for sale in the Keys. This represents a 17.8% decrease in inventory as compared to the prior year. Looking back further than shown the chart below, the …

The CBSREC YTD Market Report through November 2020 for Days on Market

One of the more frequently asked questions from home sellers is "how long does it typically take to sell a property in the Keys?" According to the report, the average days on market has remained very steady …