The total
number of listings sold in Key West in the month of December was 29. This is
down considerably from the same time last year when 50 listings sold. When
compared to last year’s sales, the price of a single family home is up slightly
at 5.7 percent but overall, the average selling price has dropped 6.7 percent. In the Lower Keys the total number of listings
sold in December was 27, which is almost double the 14 that sold the same time last
year. The average and median selling
price is up by 17.5 percent from last year.
Key West Area Selling Price
Looking at the real estate market
analysis from January through December of this year, the listings sold, the
average and median price the market has slowed down a bit since last year. The
single family home has remained the most steady in terms of resale price and
the number of listings sold. Overall, the market in Key West remains steady. We
have faced a few challenges this year with changes to the insurance market and
that no doubt has had an impact on the sales price and the frequency of sales.
Other markets will continue to see large upswings and downtimes based on the
weather but in Key West, we avoid many of those restrictions. Our climate is
steady and will continue to draw buyers to our area year round.
Key
West Area Total Listings Sold 2013 Compared To 2012
Whether
you are a tourist or looking to make a permanent change to the Keys, there are
many reasons to move to our beautiful area. If you would like more information
on the real estate in this amazing area, contact me, Jimmy Lane,
at Key
West Real Estate:
305-776-0585.
