2009 proved to be a turn around year for Florida Keys Real Estate market.The Key West MLS showed that 522 properties were sold in Key West and that 164 were Sold in the next 20 miles North of Key West. The Key West median price for a Single Family home dropped from $432K (of 2008) to $400K (2009). The Condo Market dropped to a Median price of $170K.
In the Lower Keys the Median price for Single Family Homes dropped from $525K ( 2008) to $455K (in 2009) and the Condo/Townhouse market Median price ended up at $270K for 2009.These prices have made our market more attractive and somewhat afoordable.I would be happy to answer any questions or feel free to add to this data better helping educate potential Buyers considering investing into our Keys Real Estate Market.
Many people are now seeing this as a great First Time or Investment opportunity to make a solid investment in Florida Keys Real Estate.
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