The Key West Real Estate market cooled down a bit during the month of June 2010. There were 32 residential Key West sales, 33% less than June 2010. The average Key West residential home price was $530,000, 19% lower than the same month for the previous year. Median Key West residential price was $425,000, 12% higher than June of 2009. In my opinion, this is because the lower end of the market is now appreciating as the inventory dries up. The Key West Real Estate market now has only 520 residential listings as of 7-1-2010. Year to date for 2010 in the Key West Real estate market shows that the number of listings sold is up over 36% over the same period last year. We have had more than 240 residential real estate closings so far this year. 2009 sales were up 22% over 2008 so the market is gaining steam. In addition, days on the market for Key West Real estate sales has decreased to 134 days as opposed to 151 for 2009.
Broker-Associate, REALTOR®
Sales Manager, Schwartz Property Sales
2008 & 2009 Company Top Producer
2008 President, Key West Association of Realtors®
2007 Realtor® of the Year
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