This informative Table below shows what has happened in our Market Place for 2011 YTD. We can clearly see that Sales are up 21% over last year.I am talking about the Keys as a whole but we have broken that down into areas of the Keys for you.ie Key West Sales are up 12% for the same time period.
The Average Sales Price of Properties in Key West and the Lower Keys are up 12% and 20% accordingly showing this area to be ahead of the Middle and Upper Keys.
The number of Properties for Sale in the Keys has dropped 17% since last year. This is huge, the only way this has happened is not because folks have taken their homes off the market but because a lot of properties have SOLD!!
This brings up my last point that Months of Inventory have dropped by 17% Keys wide, due to all these Sales.
THE TIME IS NOW, if your still wondering what to do.Interest rates are also hovering at 4% for a 30 year Fixed mortgage. For more information or to search properties simply go to www.Key-West-Real-Estate.net
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