Florida Keys Real Estate

The numbers of bank owned properties, or REO’s (real estate owned) properties for sale has remained constant for the past 24 months. Fluctuating at times, however as of  March 20, 2011 the Florida Keys Multiple Listing Service or MLS Had  91 bank owned properties currently listed with 43 under contract. During the same time period the number of short sales has also remained contestant and as of today there are 575 Short Sales currently listed in the MLS with 274 short sale properties under contract. The numbers of available properties have remained stable however with in those numbers the number or pending contracts has increase significantly.

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Florida Keys Real Estate

The Florida Keys Real Estate market is not different from any other market in terms of what the driving force is in real estate sales. The past six months of sales data shows that there were 838 sales, 175 were foreclosures, 201 were short sales.
The art of the deal has drastically changed. Asset managers for REO properties want to control the deal by attaching addendum's that take precedence over a standard FAR/Bar Real Estate contract. Now more than ever you need an experience Florida Keys Real Estate Agent to guide you through the process.