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.