Friday, January 21, 2011

Florida Keys Real Estate Market, Are We at the Bottom

Has the Florida Keys Real Estate market stabilized? It may have as the average median price has risen and the absorption rate of inventory is at a several year low. That along with existing home and condo sales in the state rising for December 2010 may well indicate we are seeing signs of a recovery in the market.

ORLANDO, Fla. – Jan. 20, 2011 – Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida Realtors®. Click here to read the entire article.

The Wall Street Journal agrees that purchaser’s of second and vacation homes have shown increasing confidence in this market. The Florida Keys are the ultimate vacation spot in the Continental United States. Click here to read the entire Wall Street Journal article.

With interest rate at all time lows and prices stabilizing now is the time to secure your piece of paradise a home in the Florida Keys. I can help you achieve that goal. If you are not signed up to receive emails of homes as they hit the market or as price reduction on homes become available you will miss out on some of the best deals in today’s market. Many market watchers are now entering the market to purchase. Buyers that have been sitting on the sidelines trying to time the market are now actively seek and making offers on homes as the number of homes going under contract has risen tremendously. Please contact me and I can get you started with this feature. If you are already signed up for this please let me know if you would like me to adjust your search or have any question about properties.

There are also short sales and non distressed properties competing with bank owned properties that are priced to sell. If you would like more information about the Florida Keys and the Florida Keys real estate market please visit my website, or contact me directly.

Warm regards,


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