Key West and Lower Keys Statistics for February 2013The market is looking up for Key West real estate this February, with significant raises from February 2012. In a month-to-month comparison, February saw a total home sales of 41, up from only 17 in January. This increase put the market in a position to surpass February 2012, which it did significantly. February 2013 ended the month with 9 more than last year’s 32.
Note, however, that average and median selling prices in Key West decreased by 10.2% and 16.7%, respectively. February 2012’s average home selling price was $469,875 and the median price was $386,500. This could indicate that sellers are lowering prices to get homes sold.
The Lower Keys’ statistics for February 2013 skyrocketed in all areas. While January 2013 ended the month with a very modest number of homes sold at just 7, February 2013 more than quadrupled the number of homes sold, closing out at 31 sales. The Lower Keys also increased the number of homes sold last February by 121%. Average selling prices in the area went up more than 78% to $459,944 and the median increased to $391,666.The numbers this month looked really good and are very encouraging for the remainder of the year. With the spring sales boom coming in, perhaps the market will see even brighter days.Until next time...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 are just 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. Posted via email from jimmylane's posterous