If you need assistance, please call 305-395-0814

Florida Keys Real Estate Market Condition 305-395-0814

Monday, February 3, 2014   /   by Lela Ashkarian

Florida Keys Real Estate Market Condition 305-395-0814

Florida Keys Real Estate Market

 

The Florida Keys Real Estate Market

  • # Of Sales increased 16% to 2,601
  • Average sales price increased 6% to $443,000
  • Dollar value of sales increased 23% to $1.15 billion
  • The sale price to list price ratio increased to 83% of original list price and 92% of final list price leaving a 17% margin from original list price to an 8% margin from final list price.
  • Average days on market fell 7% to 247 days.
  • Pending sales increased 21% to 2,681- the highest level recorded.
  • The number of properties listed for sale declined by 12% to 2,772.
  • Only 6% of all listed properties and 4% of all sales in the 4th quarter were distressed.

 

 The Coldwell Banker Schmitt (CBSREC) Company:     #1 Keyswide

 

  • o CBSREC sales increased 19% to 23.7% of all sales Keyswide
  • o CBSREC dollar volume of sales increased 20.5% to $482 million
  • o CBSREC listing market share increased to 26% of all listings Keyswide
  • o #1 company for sales of $1 million properties from 2008-2013 with 18% market share.

 

 

 

  • o 4 CBSREC Offices outside of Key West
    • § #1 Overall
    • § One third of the listings, 28% of the sales and 26.5% of the dollar volume of sales, more than next 3 companies who have a combined total of 9 offices.

 

  • o Middle Keys: #1 Office in the Market
    • § Over ½ of all listings
    • § 37.5% of all sales
    • § 34.1% of the dollar volume

    • o Lower Keys:  #1 Office in the Market
      • § Over 1/3 of all listings
      • § 36% of all sales
      • § 38% of the dollar volume

 

  • o Key West:      #1 Office-Number of Sales in Key West  
    • § 8.7% of all listings
    • § 13.1% of all sales
    • § 11.0% of the dollar volume

 

  • o Upper Keys    #2 – (Soon to be #1 again)
    • § 18.2% of all listings
    • § 16.8% of all sales
    • § 16.4% of the dollar volume

**Number 1 company is combined Century 21, Prudential & Better Homes and Gardens, which continues to lose market share since mergers 3 years ago as we continue to increase.

Lela Ashkarian 305-395-0814 & Natalie Ardis 305-481-3317
Lela Ashkarian
11050 Overseas Hwy
Marathon, FL 33050
305-395-0814
305-289-6492

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.