Zillow sent me an email with their sales stats for my market area and so for kicks I thought I would run them myslef from the local Florida Keys multiple List Service (MLS) and see how they compared.
Here is what Zillow posts on their site:
|
Zillow Home Value Index |
Y-o-Y |
|
|
Marathon |
$280,200 |
-6.8% |
|
$357,200 |
-0.2% |
|
|
$464,800 |
-3.1% |
|
|
$276,700 |
-0.9% |
|
|
$361,600 |
-5.0% |
|
|
$432,000 |
-7.2% |
|
|
|
|
|
I ran the year over year numbers from my MLS for that same period and came up with more severe decreases.
|
Key |
# units Sold |
Ave Sales $$ |
% change |
|
Ramrod Key |
26 |
$369,112 |
-4 |
|
Big Pine Key |
110 |
$280,430 |
-22 |
|
Marathon |
161 |
$381,400 |
-29 |
|
Duck Key |
29 |
$578,115 |
-24 |
|
Lower Matecumbe |
24 |
$919,209 |
-12 |
|
Upper Matecumbe |
17 |
$645,176 |
-15 |
|
Plantation Key |
107 |
$608,350 |
-18 |
|
Key Largo Sof96.9 |
55 |
$358,968 |
-30 |
|
Key Largo MM97-107 |
178 |
$475,829 |
-13 |
Now, we all know statistics can be manipulated depending on the exact variables so I will not throw Zillow under the bus because their numbers do not align with mine.
I will saw from this that clearly certain areas of the Keys have fared more favorably than others particularly Ramrod Key, which frnakly surprised me.
If you have a Florida Keys home to sell or are contemplating purchasing one, I or another local real estate professional can provide you with a detailed statistical analysis to help you determine a fair sales price.
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