2009 Total # of property sales was up +34% over 2008!
Months of Inventory, a measure of how many months it would take to sell the existing property inventory, is 28 months down from a peak of 55 months.
The Florida Keys real estate market showed steady improvement as 2009 progressed with the last months of the year showing the largest gains. This momentum continued into 2010 driven by attractive interest rates, home buyer credits, a continuing decline in prices and inventory and a recognition that prices are stabilizing. The 3rd and 4th quarters of the year, historically the slowest time of the year for sales in the Keys, were the best quarters in 2009. All indicators point to a much improved real estate market in 2010.
No one knows how long the great interest rates will be available or when housing prices will start to go back up.
If your considering purchasing your dream home in the Florida Keys please contact me and I will assist you with finding the property your seeking and negotiate a good price.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Keysearch Realty--877-660-4637
Web Site-- www.RobSkeel.com
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2 comments:
Are there a lot bmv property in Florida with the over supply? I have seen some very good deals recently. Comparing prices to the UK it all seems like good value,
The Florida real estate market is an ideal place to pick up a nice rental property. Florida is a popular place amongst European holiday makers. If you are an overseas invesetor however it is very important to ensure the contents of your home remain nice. A property inventory will help to ensure this is the case as you can record the contents of your home and protect yourself.
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