Florida Keys Market Update – September 12th, 2011 to September 18th, 2011

You can tell it is the end of summer here in the Florida Keys. Many restaurants have started closing at least one day a week, if not closed completely for a temporary reprieve. The roads are much quieter right now as well, with the exception of this past weekend when we had the annual Poker Run with motorcycle enthusiasts from all over riding the Overseas Highway to Key West.

In the real estate market, there were 91 new listings, 29 pending sales and 25 closed sales.

The Townhomes of Sister’s Creek – Marathon

Of the new listings, there are 12 bank owned properties on the market now in a subdivision called The Townhomes of Sister’s Creek.  This development is located at Mile Marker 48.5 in Marathon on the ocean side.  The 12 new REO’s listed are 3 bedrooms, 2.5 baths and all listed at $199,500.

HGTV Dream Home, 2008 – Islamorada

Pending sales include 139 Gimpy Gulch Drive – better known as the HGTV Dream Home in Islamorada from 2008.  This house has been on the market for over 700 days. The last time it was on the market it sold for $1,650,000 in April of 2009. It was listed at $925,000 when it went under contract this past week.

3 Madeira Drive – Sold for $160,000

Sold listings include the listing I shared at 3 Madeira Drive. This two bedroom, 1 bath home was listed at $179,000 and sold for $160,000. It had a new bath and new kitchen cabinets, as well as new windows and doors. Located in Key Largo at Mile Marker 101, the neighborhood features a great waterfront homeowners park.

Follow the links below to view the listings:

New Listings
Pending Sales
Closed Sales

Listing information gathered from the Florida Keys MLS. Listing links will automatically expire after October 20, 2011