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Hi everyone! Can you believe that the year is almost over? One last look at the 2012 Key West Association of Realtors statistics shows that over the past year home sales in both Key West and the Lower Keys have been spectacular. Of course there have been some ups and downs, but we are seeing a major improvement over last year. Here are just a few of the numbers to help show what I am talking about.
In November 2011, there were 10 single-family homes, 7 condos, and 0 other types of homes for a total of 17 sold in Key West. But in November 2012, we see that those figures have moved up quite nicely to 20 single-family homes, 18 condos, and 2 other types of homes for a total of 40 sold in 2012. This is a significant increase over last year, and a look at the average selling price comparisons will show things are rising in that area also.
The average selling price is also up in both areas for the month of November. In Key West, the total average selling price was $420,320.33, up from $380,429.00 in 2011. Lower Keys numbers are also experiencing the same type of trend. Total Average selling price in November was $367,308.00, up from $242,450.00 in 2011, and this is usually the slow time of year for real estate.
What a way to end the year here in Key West! There has been slow sustainable growth throughout the year and every reason to believe that this growth will continue into the coming year. So let’s sit back and enjoy the holidays knowing that the housing market is on the mend and growing sustainably.
Speaking of kicking back, why not come and visit one of the hottest markets in the country. Whether you’re a tourist, looking to move permanently to the Keys, or just someone who likes the beauty of nature, the great variety of amenities in the homes in our area is just one more reason to want to live in beautiful Key West. If you’re interested in real estate in this attractive area contact me, Jimmy Lane, at Key West Real Estate: 305-766-0585.