First half 2011 Florida Keys Home Sales

KEYS HOME SALES


Florida Keys home sales are up 15% over prior year. The Upper Keys showed a 33% increase compared to the same period January through June 2010 vs 2011.


Pending home sales are up 38% in the Upper Keys


Distressed properties have declined from 25% of listings to about 13%.


The listing inventory has shrunk 11% over prior year and the ratio between listing price and selling price is down to 8.5% vs the 12 to 13% it has been at for the past 3 years.


MORTGAGE RATES


Buyers with strong credit scores and cash for a healthy down payment can currently find rates like the following:


30 year fixed 4.125%


5/1 ARM 2.636%


Jumbos from 5% to 6%


Getting prequalified is key to obtaining these great rates.


Note: Jumbo rates may go up on October 1st because the government is planning to stop funding these rates and turn it over to the private sector which many economists forecast will cause Jumbo rates to increase.

Recent Sale: 2/2 condo on top floor with unbelievable views in Futura Yacht Club sold as a Short Sale for $200,000.


Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty--877-660-4637
SEARCH ALL KEYS HOMES at www.RobSkeel.com