During the month of April 2012, there were 418 properties actively listed in the Key West real estate market. Of these properties, 163 were contingent or pending on the last day of the month, and 44 had been sold. Last year, during the month of April, the active listings numbered 457, contingent or pending were 149, and the number sold was 32.
The Key West real estate market is continuing to rebound slightly over the past few years. As the chart shows, although sales are a little lower, they are only lower by a small amount across the board. So it could actually be said that sales over the last year have evened out.
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Average and Median prices are showing the same trend as sales, making this April just a bit
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To break the number of sales down into more detail: The number of single family homes sold in Key West during April 2012 was 25 compared to 29 in April of 2011. The number of condos/townhomes sold in Key West in April 2012 was 16 compared to 27 in April 2011. There were 3 other properties (duplexes and multi-family) sold in Key West during April 2012 compared to 2 in April 2011. Although the numbers are not overwhelmingly great, the real estate market in Key West is still strong and stable.
As the graphs comparing sales from January to December show, now is the perfect time for buyers and sellers to take advantage of this market! I'm ready to assist with my knowledge of Key West and my extensive real estate experience. Give me a call today. Jimmy Lane: 305-766-0585 or contact me online at http://www.jimmylane.com.
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