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5 reasons to invest now

1.  Prices in the Keys have stabilized and are in fact even better than other destination resort areas in the United States. This includes both residential and commercial Real Estate.

2.  Real Estate sales and closings have seen a steady increase in the Upper Keys since January 2006. This clearly indicates the buyers are responding to increased inventory choices and competitive pricing.

3.  The explosive growth of South Dade County, (just miles away) will definitely benefit Real Estate sales as people look for weekend getaways. (Predictions for the Homestead area and just north are for one million residents by 2010) Think New York and the Jersey Shore.

4.  Weekenders and potential home buyers from Miami, Ft Lauderdale and Naples will find it even easier and safer to come down weekends for a Keys experience, due to the widening of the 18 mile stretch.

5.  The Cost of Living Index (stats from Accra) show the Keys now at a better rate then 24 major American markets from the East Coast into California. This means Baby Boomers looking for lifestyle changes and/or 1031 and straight investments are finding the Keys competitive and affordable.

The combination of all this is obvious. The Keys only have so many homes and so much land, and only a small amount of new homes can be built. This is due to the fact there is only one road in or out of here, US 1.  If a hurricane is heading our way, people have to get out—we have a very organized method of evacuating on this single road.  That is why the Keys will never be like California or the Jersey Shore.
As more people move into Southern Florida they definitely use the Keys as a weekend getaway. The majority of our summertime renters are from Florida, looking for a Keys experience.
How about going on vacation and never coming back? You know you've had this feeling before. Why don't you consider giving yourself and your family this option?  The truth is, if you're going to work, why not do it in the Keys!  Having beautiful weather and water and recreational opportunities are not only good for your health but good for you, period. Think on it and contact me.

 
This post has been included in Florida Information Monroe County, FL Information
Post is included in group: All Things Florida
Post is included in group: Posts to Localism
Post is included in group: Waterfront Agents

2 Comments on 5 reasons to invest in the Florida keys now

I have a grandpa who lives in Key West, I will forward this onto him. Thanks for the update it was really informative.

04/11/2008 09:28 AM by Joe Martin (Robison & Co. Real Estate)


Hi Karen-Excellent post!  We used to go to the Keys every year when I was growing up.  I can't believe that we have never been back as adults.  We are going to have to change that, this year!  When we get ready to do it, I'll contact you to see if you have any recommendations, if that is okay.  Take care and have fun! 

04/11/2008 09:48 AM by Denise Shockey Cocoa Beach Brevard County Real Estate (RE/MAX Absolute)


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Real Estate Agent: Karen  Carter (Coldwell Banker Schmitt Real Estate Co.)
Karen Carter
Key West, FL
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Coldwell Banker Schmitt Real Estate Co.

Office Phone: (305) 296-7727 Ext.: 7444
Cell Phone: (305) 797-4553
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