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Winter 2012 Market Update
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| Average Home Price | $737,562 - View Graph Trend |
| Average Price Compared to Last Year | Up 15%-plus |
| Average Time on Market | 90-plus days |
| Prices As % of Asking Price | 95-100% |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Active seller's market |
| Multiple Offers? | Yes |
| Housing Inventory | Limited supply |
| Greatest Activity | Repeat buyers for both single-family homes and condos. |
| Reason to Buy/Sell | Strong demand for limited land/properties by retirees and baby boomers |
| Nearest Metro Area | Miami, FL |
| Housing Hot Spots | Key West and Lower Florida Keys |
| Average Sold Price | $737,562 - View Graph Trend |
Key Largo Local News
Local Summary: With strong demand by retirees, baby boomers and second-home buyers for properties on or near the water in the Florida Keys, a limited number of sellers can just about name their own prices and terms. Million-dollar properties are commonplace.
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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