KEY WEST & THE LOWER FLORIDA KEYS WEEKLY REAL ESTATE NEWS & LISTINGS

April 30 - May 6, 2008

Sponsored By: Vic Musmanno

Broker Associate, Accredited Buyer Representative* &

Certified Residential Specialist**

Coldwell Banker Schmitt Real Estate

 

32 KEY WEST HOMES SEE PRICE REDUCTIONS THIS WEEK TOTALING $2.14m  Click Here to View

 

APRIL 2008 SALES STATISTICS
In April, 2008, 25 residential properties sold in the Lower Florida Keys (mm 6 to 40) totaling over $14.81m, with an average of 11.51%  off of the list price and an average sales price of $592,550.  During the same period, 31 transactions in Key West represented $21.43m in sales, with an average of 8.32% off of the list price and an average sales price of $694,545. 

Click Here:  Key West Property Sales (April 2008)

Click Here:  Lower Keys Property Sales (April 2008)

 

KEY WEST PROPERTIES UNDER CONTRACT IN THE PAST WEEK Click Here to View

 

NEW LISTINGS & PRICE REDUCTIONS

KEY WEST

Click Here: New Listings (Key West

Click Here: Price Reductions (Key West)

 

LOWER KEYS (Key Haven to Big Pine)

Click Here: New Listings (Lower Keys)

Click Here: Price Reductions (Lower Keys)

 

CURRENTLY, 2032 RESIDENTIAL PROPERTIES FOR SALE IN THE LOWER

AND MIDDLE FLORIDA KEYS (KEY WEST to DUCK KEY):

***(Compared to 2496 on Apr. 2, 2507 on Mar. 5, 2506 on Feb. 6, 2242 on Jan 2, 2008, 2263 on Dec 5, 2166 on Nov. 7, 2087 on Oct 10, 2132 on Sept 5, 2142 on Aug. 1, 2266 on Jul 3, 2441 on Jun. 6, 2435 on May 2, 2615 on Apr. 4, 2628 on Mar 7, 2545 on Feb 7, 2403 on Jan 3, 2007, 2289 on Dec 2, 2006, 2132 on Nov 1, 2034 on Oct. 4, 2067 on Sept. 7, 2170 on Aug. 2, 2189 on July 5, 2237 on June 7, 2315 on May 4, 2366 on Apr. 5, 2336 on Mar. 8, 2234 on Feb. 1, 1909 on Jan. 4, 2006, 1758 on Dec. 7, 2005, 1542 on Nov. 9, 1484 on Oct. 5, 1408 on Sept. 7, 1417 on Aug. 4, 1422 on Jul. 6, 1311 on Jun. 1, 1208 on May 4, 1242 on Apr. 6, 1182 on Mar. 2, 1051 on Feb. 2, 945 on Jan.5, 2005 & 773 on Dec. 2, 2004.

 

AVAILABLE RESIDENTIAL PROPERTIES BY AREA

Key West:  889 Properties, from $145,000

Stock Island:  49 Properties, from $255,000

Key Haven:  23 Properties, from $524,000

Rockland Key:  4 Properties, $99,000

Big Coppitt:  101 Properties, from $110,000

Geiger Key:  10 Properties, from $175,000

Shark Key:  11 Properties, from $1,595,000

Saddlebunch Key:  31 Properties, from $199,900

Sugarloaf Key:  76 Properties, from $319,000

Cudjoe Key:  181 Properties, from $188,500

Summerland Key:  107 Properties, from $289,000

Ramrod Key:  55 Properties, from $189,000

Big, Middle & Little Torch Keys:  60 Properties, from $197,000

Big Pine & No Name Key:  224 Properties, from $149,000

Marathon Key & Surrounding Areas: 688 Properties, from $179,000

Upper Florida Keys:  1141 Properties, from $149,900

 

KEY WEST MARKET SNAPSHOT

47% Single Family Homes:  435

44% Condominiums & Townhomes:  372

9% Multi-Unit Properties:  79

 

0 - $500k:  245 Properties

$500 - $1m:  324 Properties

$1m - $1.5m:  152 Properties

$1.5m - $2m:  65 Properties

$2m+:  103 Properties

 

LOWER KEYS HOMES MARKET SNAPSHOT (MM 6 - 40)

80% Single Family Homes: 659

2% Condominiums & Townhomes: 10

2% Multi-Unit Properties:  20

16% Mobile Homes:  127

 

0 - $500k:  340 Properties

$500 - $1m:  324 Properties

$1m - $1.5m:  61 Properties

$1.5m - $2m:  37 Properties

$2m+:  53 Properties

 

Feel free to contact me at any time, to discuss buying your new home in the Fabulous Florida Keys!

 

Best Regards,

 

Vic

 

Vic Musmanno, Broker Associate

Accredited Buyer Representative & Certified Residential Specialist

Coldwell Banker Schmitt Real Estate

1201 White Street, Key West, FL 33040

Toll Free: 1-800-598-7727, ext 7457

Local:  305-294-0123

 

E-mail:  vicmus@aol.com

 

* All data used for real estate sales statistics and other related activity was derived from the Florida Keys MLS.

 

*Only 2% of all real estate agents in the United States are certified by the Real Estate Buyer's Agent Council and National Association of Realtors as Accredited Buyer Representatives (ABR).  With over 1000 licensed real estate agents in the entire Florida Keys, only 5 agents have earned this designation - and Vic Musmanno is one!  From the initial selection of properties, all the way through contract negotiations and settlement, you can now have an agent specifically committed to representing your best interests when buying a home.  Consumer advocacy groups have endorsed such representation, and licensing laws have been reworked to enable and encourage representation for THE BUYER.

 

**The National Association of Realtors Council of Residential Specialists awards the prestigious Certified Residential Specialist designation to recipients who demonstrate significant experience and volume of real estate transactions and successfully complete advanced courses in real estate practices.  Only 4% of all Realtors have earned this prestigious credential, and council members were involved in nearly 25% of all residential real estate transactions in the U.S.