Key West Real Estate Market Conditions & Reports, Key West Market Trends, Florida

Market Commentary Provided by Douglas Miller

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Douglas Miller
AmeriRealty Corp.
Key West, Florida
305-296-7706
Douglas@RealtorintheKeys.com
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Nearest Metro Area

Miami, FL

Buyers’ or Sellers’ Market

Active seller's market

Average Time on Market

90-plus days

Market Trend

Decreasing

Housing Inventory

Limited supply

Average Home Price

$737,562 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 15%-plus

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Repeat buyers for both single-family homes and condos.

Buyer Activity for the past 90 days in Key West is

Seller Activity for the past 90 days in Key West is

Is Financing Available For Qualified Buyers in Key West?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Key West and Lower Florida Keys

Reason to Buy/Sell

Strong demand for limited land/properties by retirees and baby boomers

Average Sold Price

$737,562 - View Graph Trend

National Real Estate Market

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.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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