The Florida Keys are on pace for record-setting sales volume for 2020

The latest market report prepared by Coldwell Banker Schmitt Real Estate Company indicates the total closed volume year-to-date through November is $1,959,456.  Given the number of pending sales, the Keys are on track to close in excess of $2 billion during 2020!  Through November, gross volume is up 22.3% during the year.

The Upper Keys submarket shows an increase of 28% during the same period.

These figures are just simple math reflecting the increased number of units sold and higher average sale prices.

Later, among other metrics, we will look at the number of pending sales, listing inventory and other factors that go beyond the local market such as interest rates, COVID-19, etc. and how real estate is affected in our area.

How does the number of properties sold through November 2020 compare with previous years?

The answer may surprise you!  Even with the Florida Keys being practically shut down for two months in early 2020 due to COVID-19, the real estate market bounced back big-time with 2,953 units closed by the end of November 2020.  This far exceeded the average over the past four years which was 2,531.5 and is a 13.1% increase as compared with 2019.

In the Upper Keys, the number of sales grew by 16.8% as compared to the previous year.

There are many contributing factors including historically low interest rates and demand for rural "safe" areas in response to COVID-19.

View the entire November 2020 market report.

Florida Keys real estate statistics - November 2020 YTD

Here is the year to date market report for the Florida Keys through the end of November 2020.  We will break down the categories in future posts.

Build your new dream home here

Two attached lots will provide your new Keys home with all the room you need for boats, a motorhome, cars, etc.  Build something special on this Tier III parcel located near mile marker 102 on Key Largo.  With approximately 12,600 square feet of land, you will have more than 2 times the area as compared with a typical lot in Key Largo.

Price is now $150,000

Coldwell Banker Schmitt Real Estate Company, the #1 agency in sales throughout the Florida Keys, provides detailed quarterly reports on the current real estate market.

View the report here: Fall 2020 Florida Keys Real Estate Market

For more information about the market and how it affects your best interest, contact Jim Signor, long-time successful Realtor in the Upper Florida Keys.

Ready to take advantage of the hot seller's market at the end of 2020?

Trust your investment with the dominant real estate sales company in the Florida Keys.

Coldwell Banker Schmitt Real Estate agents will get your home sold!

The number-one company for listings and sales in the Florida Keys since 2004.  We had more transactions than the next four companies combined!

Growing market share for the number crunchers

Outselling the next four competitors combined

Selling your home in the Florida Keys?

Sometimes the best time to sell is when the listing competition is lower than normal.  Plan ahead and contact Jim to develop a plan to achieve the best results for you. 

Coldwell Banker Schmitt Real Estate agents get your home sold!

More transactions than the next four companies combined and stretching the lead as compared with 2019.

For the number crunchers:

Coldwell Banker Schmitt Real Estate Company, the #1 agency in sales throughout the Florida Keys, provides detailed quarterly reports on the current real estate market.

View the report here: Summer 2020 Florida Keys Real Estate Market

For more information about the market and how it affects your best interest, contact Jim Signor, long-time successful Realtor in the Upper Florida Keys.

Manufactured Homes

Single-Family Homes

Townhouses and Condos

Help potential buyers see your space as a light and bright summertime oasis

With the Keys fully open and summertime in full effect, changing the staging and presentation of your home will help get it ready to sell more quickly.

Preparing a home to hit the market in the summertime can be as simple as minimalizing, keeping up with the landscape, and washing windows. Here are the four best ways sellers can spruce up their homes to show – and sell – in the upcoming summer months.

1. Change up the interior decor