The total number of listings sold in Key West in the
month of January was 36. This is up considerably from the same time last year
when 22 listings sold. When compared to last year’s sales, the price of a
single family home is up greatly at 55.1 percent and overall, the average
selling price has risen 87.3 percent. In
the Lower Keys the total number of listings sold inJanuary was 16, which is more
than double the 7 that sold the same time last year. The average and median selling price is down
by 12.9 percent from last year.
Key
West Area Selling Price
Looking at the real estate market
analysis between January 2013 and January 2014, the average and median price in
the market have increased dramatically overall. In the lower Keys however there
was a decrease in Single Family homes sale prices, but increases in condos, townhouses
and multifamily unit prices. Key West showed the most growth in sales with the
number of single family unit sales almost tripling in number. Overall, the
market in Key West remains steady. One key factor reflecting this is the number
of days a house is on the market. Key West single family houses went from 166
days on the market in January 2013 down to 64 days, over 3 months less in 2014.
In the Lower Keys, the number of days on the market went from 181 down to 42,
or more than 4 months less time on the market. 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 2014 Compared To 2013
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.
Labels: Market Stats Key West Lowe Key West, rel estate
