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.

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. 

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.

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

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.

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.

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

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

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. 

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. 

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. 

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) 394-4449 or message us.

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.

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, 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!!!

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.

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. 

Popular Condos For Sale In Key Largo

Condo's are very popular in the Keys and just like single family homes the inventory has been very limited. There are however some great condos currently available in some of the top condo communities in Key Largo. 

Condo's are a favorite among families. With amenities such as pools, marina's, tennis courts, fitness centers and more right at your fingertips.  There is so much for families to do right within the community. Most of the condo communities are also gated, which is another great feature that these communities offer. 

There are several very popular condo communities in Key Largo; Mariner's Club, Buttonwood Bay, Tamarind Bay, Key Largo Yacht Club and Rock Harbor just to name a few.

If you would like more information on any of the available condos or want to know when something is coming on the market in one of your favorite communities, contact us today. 

We've got this covered!

What's your level of experience?

Licensed in the State of Florida since 1988.

What are your credentials and certifications?

Broker-Associate, Bachelor's Degree in Business - Real Estate Major, RE/MAX Hall of Fame

How well do you know the area?

Very well - Florida Keys resident since 1977

What will you do to market my home?

Anything necessary including strong internet and social media and even "old-school" print media

How long do your listings typically stay on the market?

As quick or long as you want it to - the market is on fire!

Jim Signor

Selling a home can be an emotional process, but having the right agent helping can make a huge difference.

A skilled real estate agent can guide you through one of the largest financial transactions of your life. They can help navigate everything from marketing to negotiations. But it’s important to choose wisely – so you’ll be working with a real estate professional who’s compatible with your personality, understands your needs, and has the experience and drive to get the results you’re after.

When you’re considering an agent to list and market your home, consider asking these five questions.

Read the entire article: 5 Questions to Ask a Prospective Listing Agent

Homes for sale on Little Torch Key

Little Torch Key is located just south of Big Pine Key in the Lower Florida Keys.  It is considered one of the more affordable islands to purchase your home in the Keys.

Because the current inventory of homes for sale in the Florida Keys is low, you may also consider purchasing a home on Big Pine Key or Ramrod Key which are nearby.

To view all homes for sale including homes in Jolly Roger Estates and more, go to Little Torch Key Homes for Sale

We'd love to help you buy or sell a home in the Lower Florida Keys.  Please contact us if we can help!

Look out for this new listing!

Concrete Home with pool, view, dock, elevator, and more!

Take a walk to the upper level sundeck and see this view:

Too tired for stairs?  Check out the elevator:

Driving by the outside? Here is the home from the street

This home in Sexton Cove offers a view of the bay and protected boat dockage.  It will be on the market for $1,300,00 and will not last long. 

How does this home compare?

View all Key Largo Waterfront Homes for Sale at KeysListings.com