Florida Keys Real Estate Market Analysis 2007 to 2008
1/2007 to 10/2008
|
Residential
|
|
|
Total Active
|
Days on Market
|
Number Sold
|
Sold Volume
|
Average Sale Price
|
|
|
Area
|
Last Year
|
This Year
|
PCT
|
Last Year
|
This Year
|
PCT
|
Last Year
|
This Year
|
PCT
|
Last Year
|
This Year
|
PCT
|
Last Year
|
This Year
|
PCT
|
|
|
01 - Key West
|
70
|
35
|
-50
|
305
|
316
|
+3
|
6
|
5
|
-16
|
4,452,500
|
1,694,000
|
-61
|
742,083
|
338,800
|
-54
|
|
|
02 - Key West
|
16
|
13
|
-18
|
237
|
91
|
-61
|
1
|
1
|
0
|
565,000
|
220,000
|
-61
|
565,000
|
220,000
|
-61
|
|
|
03 - Key West
|
38
|
32
|
-15
|
259
|
174
|
-32
|
5
|
6
|
+20
|
2,705,000
|
1,625,050
|
-39
|
541,000
|
270,842
|
-49
|
|
|
04 - Key West
|
38
|
23
|
-39
|
387
|
346
|
-10
|
0
|
3
|
+
|
0
|
1,562,000
|
+
|
0
|
520,667
|
+
|
|
|
05 - Stock Island to Shark Key
|
72
|
53
|
-26
|
333
|
199
|
-40
|
4
|
6
|
+50
|
3,199,000
|
1,959,000
|
-38
|
799,750
|
326,500
|
-59
|
|
|
06 - Bay Point to Sugarloaf
|
82
|
94
|
+14
|
324
|
236
|
-27
|
20
|
11
|
-45
|
15,312,850
|
8,862,000
|
-42
|
765,642
|
805,636
|
+5
|
|
|
07 - Cudjoe Key
|
264
|
226
|
-14
|
359
|
316
|
-11
|
41
|
42
|
+2
|
22,282,500
|
23,536,250
|
+5
|
543,476
|
560,387
|
+3
|
|
|
08 - Summerland Key
|
156
|
133
|
-14
|
373
|
312
|
-16
|
31
|
14
|
-54
|
28,308,620
|
13,375,000
|
-52
|
913,181
|
955,357
|
+4
|
|
|
09 - Ramrod Key
|
76
|
71
|
-6
|
377
|
345
|
-8
|
7
|
14
|
+100
|
3,195,000
|
6,108,800
|
+91
|
456,429
|
436,343
|
-4
|
|
|
10 - Little, Middle, Big Torch Keys
|
105
|
103
|
-1
|
364
|
300
|
-17
|
14
|
13
|
-7
|
14,833,000
|
6,004,834
|
-59
|
1,059,500
|
461,910
|
-56
|
|
|
11 - Big Pine Key, No Name Key
|
448
|
349
|
-22
|
355
|
290
|
-18
|
68
|
58
|
-14
|
30,662,100
|
21,909,779
|
-28
|
450,913
|
377,755
|
-16
|
|
|
13 - 7 Mile Bridge to Sombrero Bch Rd E & W
|
164
|
139
|
-15
|
343
|
281
|
-18
|
19
|
9
|
-52
|
12,338,000
|
5,234,000
|
-57
|
649,368
|
581,556
|
-10
|
|
|
14 - Sombrero Area
|
130
|
146
|
+12
|
387
|
295
|
-23
|
15
|
12
|
-20
|
14,388,500
|
8,578,500
|
-40
|
959,233
|
714,875
|
-25
|
|
|
15 - Sombrero Bch Rd to Vaca Cut Gulfside
|
168
|
164
|
-2
|
376
|
313
|
-16
|
16
|
14
|
-12
|
15,070,828
|
6,006,490
|
-60
|
941,927
|
429,035
|
-54
|
|
|
16 - Sombrero Bch Rd to Vaca Cut - Oceanside
|
235
|
202
|
-14
|
342
|
292
|
-14
|
26
|
23
|
-11
|
14,551,270
|
9,942,500
|
-31
|
559,664
|
432,283
|
-22
|
|
|
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
|
274
|
255
|
-6
|
381
|
310
|
-18
|
27
|
25
|
-7
|
23,767,822
|
17,369,250
|
-26
|
880,290
|
694,770
|
-21
|
|
|
18 - East of Holiday Inn US #1 & Coco Plum
|
66
|
63
|
-4
|
380
|
288
|
-24
|
8
|
2
|
-75
|
4,714,500
|
5,899,900
|
+25
|
589,312
|
2,949,950
|
+400
|
|
|
19 - Crawl Key & Grassy Key
|
62
|
51
|
-17
|
364
|
303
|
-16
|
8
|
3
|
-62
|
5,355,000
|
1,037,000
|
-80
|
669,375
|
345,667
|
-48
|
|
|
20 - Duck Key, Coral Key, Conch Key
|
175
|
179
|
+2
|
387
|
283
|
-26
|
17
|
24
|
+41
|
17,050,000
|
16,602,000
|
-2
|
1,002,941
|
691,750
|
-31
|
|
|
21 - Long Key
|
56
|
69
|
+23
|
330
|
240
|
-27
|
5
|
6
|
+20
|
2,320,000
|
2,798,100
|
+20
|
464,000
|
466,350
|
+0
|
|
|
22 - Lower Matecumbe
|
168
|
173
|
+2
|
382
|
304
|
-20
|
21
|
14
|
-33
|
26,874,500
|
16,054,000
|
-40
|
1,279,738
|
1,146,714
|
-10
|
|
|
23 - Upper Matecumbe
|
185
|
164
|
-11
|
400
|
325
|
-18
|
12
|
19
|
+58
|
8,995,500
|
15,049,500
|
+67
|
749,625
|
792,079
|
+5
|
|
|
24 - Windley Key
|
28
|
29
|
+3
|
461
|
408
|
-11
|
5
|
1
|
-80
|
2,035,000
|
825,000
|
-59
|
407,000
|
825,000
|
+102
|
|
|
25 - Plantation Key
|
499
|
489
|
-2
|
357
|
295
|
-17
|
60
|
57
|
-5
|
46,270,413
|
42,944,550
|
-7
|
771,174
|
753,413
|
-2
|
|
|
26 - Key Largo S of MM 96.9
|
394
|
369
|
-6
|
364
|
327
|
-10
|
52
|
43
|
-17
|
47,716,950
|
23,679,330
|
-50
|
917,634
|
550,682
|
-39
|
|
|
27 - Key Largo MM 97-107
|
1131
|
1073
|
-5
|
317
|
257
|
-18
|
157
|
115
|
-26
|
109,297,654
|
68,453,694
|
-37
|
696,163
|
595,250
|
-14
|
|
|
28 - Key Largo N of MM 107 Incl Ocean Reef
|
21
|
15
|
-28
|
404
|
341
|
-15
|
2
|
2
|
0
|
3,250,000
|
1,250,000
|
-61
|
1,625,000
|
625,000
|
-61
|
|
|
97 - Offshore Islands
|
6
|
3
|
-50
|
306
|
461
|
+50
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
Other Florida
|
79
|
56
|
-29
|
260
|
279
|
+7
|
7
|
3
|
-57
|
1,252,550
|
635,000
|
-49
|
178,936
|
211,667
|
+18
|
|
|
99 - Outside Florida
|
14
|
14
|
0
|
327
|
268
|
-18
|
2
|
0
|
-
|
3,140,000
|
0
|
-
|
1,570,000
|
0
|
-
|
|
|
Residential Totals:
|
5220
|
4785
|
-8
|
351
|
289
|
-17
|
656
|
545
|
-16
|
483,904,057
|
329,215,528
|
-31
|
737,658
|
604,065
|
-18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand
Totals
|
5,220
|
4,785
|
-8
|
351
|
289
|
-18
|
656
|
545
|
-17
|
483,904,057
|
329,215,528
|
-32
|
737,658
|
604,065
|
-18
|
|
Information is deemed to be reliable, but is not guaranteed.
Prepared by Kelly Willey, SRES onSunday, October 12, 2008 10:38 AM
Kelly Willey is the broker and began her real estate career in 1989 in Baltimore, Maryland and Long and Foster Realtors. She rose quickly to the top of her office and was the Rookie of the Year in 1989 with Coldwell Banker. Over the years she has earned numerous sales awards, sold millions and millions of dollars in real estate and attended a vast number of training programs. Kelly has specialized in working with many REO and foreclosure properties over the last 20 years. And, she holds the SRES, Seniors Real Estate Specialist designation for working with senior citizns and their special needs.
Kelly and her family have been very involved with Island Community Church and Island Christian school. Being involved as a youth leader with the teens sparked their interest in foreign missions. They have taken many trips to the Dominican Republic to serve the impoverished of that country and founded a non-profit corporation, Micah Missions, to raise money and awareness of that cause.
For all your real estate needs in Marathon, Duck Key, Key Colony Beach and Grassy Key call Kelly Willey at 305-289-2212 or email her at MicahMissions@Gmail.com. We are always happy to help you with area attractions, local schools or the value of your Marathon, Florida Keys home.
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1 Comments on Florida Keys Real Estate Market Analysis 2007 to 2008
This blog does not allow anonymous comments
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;)
;)
Wow, Key West down 50%? And Coco Plum up 400%? Sounds like your market is all over the place but when you average it out, down 18% is about where we are in the greater Jacksonville area.