closed sales • Florida Keys • Islamorada • new listings • pending sales • real estate market • Sugarloaf Key • August 21, 2012

Market Update – Florida Keys real estate activity August 13th to 19th, 2012

by Tracy Larson

17131 Marlin Drive – New Listing

While it won’t officially be fall until September 22nd, it certainly feels like the end of summer here in the Keys. Kids are going back to school, locals like myself are back from vacation and soon our snow birds will be coming back the their places in paradise.

27 East Ridge Road – Pending Sale

Activity this past week include 66 new listings, 47 pending sales and 43 closed sales.

Executive Bay Club – closed sale

New listings included a very Keysy home on Sugarloaf Key. This 3 bedroom home has open water views over Sugarloaf Sound. The home has a beach area and boat lift for easy boating access. It is listed at $599,000.

Pending listings include a 2 bedroom, 2 bath home on Plantation Key. Listed as a short sale, it was on the market just 12 days before it went under contract. It was listed at $205,000 at the time of contract.

Closed sales include a 2 bedroom, 2 bath condo in Islamorada at Executive Bay Club. It was listed at $200,000 and sold for $180,000. It was listed as a short sale.

Follow the links below to see the listings:

New Listings
Pending Sales
Closed Sales

Listing information gathered from the Florida Keys Board of Realtors Multiple Listing System

Links will automatically expire after 9/20/2012

Florida Keys • Key Largo • Key West • Luxury Estates • Private Island • August 21, 2012

Island Luxury – The top priced listings of the Florida Keys

by Tracy Larson

Your own private island

From idyllic conch homes in Old Key West to luxury estates along the shores of our turquoise waters, there’s certainly no lack of luxury properties in the Florida Keys.

Private, two acre point

Perhaps you’d like your own private island? No problem, we can accommodate that. Melody Key, located 1 mile off
shore, includes a land lot w/ dock on Summerland Key. You also find modern top
of the line appliances, heated pool, central a/c, beautiful views and all
of the peaceful tranquility that island living can offer.

How about a historic estate in Old Key West?

For the first time
in three decades the historic Lowe Mansion is being offered for sale.
This majestic property stands alone in its beauty ,historical
significance,and renovation. The privacy of this property is
unparalleled. It sits on one of the largest parcels of land in Old Town
amidst a magnificent tropical garden atop the highest point on the
island, Solares Hill.

Ranging in location from Key West to Key Largo, these unique properties each offer the luxury buyer a lifestyle like no other. Take a look at the highest priced homes being offered on the market in the Florida Keys.

Listing information gathered from the Florida Keys Board of Realtors Multiple Listing Service.

Florida Keys • Key Largo • Key West • Luxury Estates • Private Island • August 21, 2012

Island Luxury – The top priced listings of the Florida Keys

by Tracy Larson

Your own private island

From idyllic conch homes in Old Key West to luxury estates along the shores of our turquoise waters, there’s certainly no lack of luxury properties in the Florida Keys.

Private, two acre point

Perhaps you’d like your own private island? No problem, we can accommodate that. Melody Key, located 1 mile off
shore, includes a land lot w/ dock on Summerland Key. You also find modern top
of the line appliances, heated pool, central a/c, beautiful views and all
of the peaceful tranquility that island living can offer.

How about a historic estate in Old Key West?

For the first time
in three decades the historic Lowe Mansion is being offered for sale.
This majestic property stands alone in its beauty ,historical
significance,and renovation. The privacy of this property is
unparalleled. It sits on one of the largest parcels of land in Old Town
amidst a magnificent tropical garden atop the highest point on the
island, Solares Hill.

Ranging in location from Key West to Key Largo, these unique properties each offer the luxury buyer a lifestyle like no other. Take a look at the highest priced homes being offered on the market in the Florida Keys.

Listing information gathered from the Florida Keys Board of Realtors Multiple Listing Service.

closed sales • Islamorada • Key Largo • Market Activity • new listings • pending sales • Tavernier • July 17, 2012

Market Update – Florida Keys real estate activity July 9th to July 15th, 2012

by Tracy Larson

Interested in the lateset news from the real estate market here in the Keys? Read on!

The past week saw 71 new listings come on the market, 56 listings go under contract and 20 listings closed. Not bad for the off season!

Summer Sea Condominiums – Listed at $389,900

New listings include a rare double unit at Summer Sea Condominium in Tavernier. This 2 bedroom, 2 bath unit is nearly 1,200 sq. ft in size – well above average for a condo. It has been totally renovated and amenities include large pool, boat storage, first come dockage. Short term rentals are allowed. It is offered at $389,900.

Pending Sale – Listed at $642,900

Pending sales include a bank owned property in Key Largo I wrote about last week. This large custom home has over 3,500 sq. ft. under air and offers immediate ocean access. Custom kitchen, marble floors and huge roof-top deck are among the features. It was listed for $642,900 at time of contract.

Sold in Islamorada for $485,000

Closed sales include a spacious canalfront home in Islamorada. This 2 bedroom,2 bath home has over 2,100 sq. ft. of living space and a concrete dock with boat lift. It was sold turn-key, ready for the new owner to start enjoying the Keys life. Originally listed for $699,000, it sold for $485,000.

To view the listings, follow the links below:

New Listings
Pending Sales
Sold Listings

Listing information is gathered from the Florida Keys Board of Realtors MLS. Listing links will automatically expire after August 16th, 2012.

closed sales • Islamorada • Key Largo • Market Activity • new listings • pending sales • Tavernier • July 17, 2012

Market Update – Florida Keys real estate activity July 9th to July 15th, 2012

by Tracy Larson

Interested in the lateset news from the real estate market here in the Keys? Read on!

The past week saw 71 new listings come on the market, 56 listings go under contract and 20 listings closed. Not bad for the off season!

Summer Sea Condominiums – Listed at $389,900

New listings include a rare double unit at Summer Sea Condominium in Tavernier. This 2 bedroom, 2 bath unit is nearly 1,200 sq. ft in size – well above average for a condo. It has been totally renovated and amenities include large pool, boat storage, first come dockage. Short term rentals are allowed. It is offered at $389,900.

Pending Sale – Listed at $642,900

Pending sales include a bank owned property in Key Largo I wrote about last week. This large custom home has over 3,500 sq. ft. under air and offers immediate ocean access. Custom kitchen, marble floors and huge roof-top deck are among the features. It was listed for $642,900 at time of contract.

Sold in Islamorada for $485,000

Closed sales include a spacious canalfront home in Islamorada. This 2 bedroom,2 bath home has over 2,100 sq. ft. of living space and a concrete dock with boat lift. It was sold turn-key, ready for the new owner to start enjoying the Keys life. Originally listed for $699,000, it sold for $485,000.

To view the listings, follow the links below:

New Listings
Pending Sales
Sold Listings

Listing information is gathered from the Florida Keys Board of Realtors MLS. Listing links will automatically expire after August 16th, 2012.

Affordable Keys Home • Florida Keys • Key Largo • Key West • single family homes • July 17, 2012

Single Family Homes under $250,000 in the Florida Keys – Key Largo to Key West

by Tracy Larson

People often think that buying a home in the Florida Keys is over-the-top expensive. While the Keys certainly are home to some of the most priciest real estate in Florida, there are also plenty of lower priced homes to choose from.

Many of these properties are homes that are smaller in size to other homes or homes that are in need of some repair. A little “sweat equity” can turn these homes into something very nice, giving you a chance to own in the Keys at an affordable price.

Still, there are homes under the $250,000 price range that are move-in ready.

Check the list of available properties; one of them might be just what you were looking for!

Affordable Keys Home • Florida Keys • Key Largo • Key West • single family homes • July 17, 2012

Single Family Homes under $250,000 in the Florida Keys – Key Largo to Key West

by Tracy Larson

People often think that buying a home in the Florida Keys is over-the-top expensive. While the Keys certainly are home to some of the most priciest real estate in Florida, there are also plenty of lower priced homes to choose from.

Many of these properties are homes that are smaller in size to other homes or homes that are in need of some repair. A little “sweat equity” can turn these homes into something very nice, giving you a chance to own in the Keys at an affordable price.

Still, there are homes under the $250,000 price range that are move-in ready.

Check the list of available properties; one of them might be just what you were looking for!

Florida Keys • Market Activity • Market Data • Recent Sales • Stats • July 16, 2012

2nd Quarter 2012 versus 2nd Quarter 2011 – The market is improving!

by Tracy Larson

Click for larger version

As soon as people I meet find out I am a Realtor, they want to know how the market is doing. Lately, I’m proud to say it’s doing really well, with prices starting to inch back up.

A quick look at the numbers for closed sales during the 2nd quarter of the this year compared to the 2nd quarter of 2011 shows that prices in most property categories are rising. Open water homes and dry lot homes have seen slight decreases, but both are selling quicker than they did in 2011. With quicker sales, I suspect these numbers will increase in the 3rd and 4th quarters of 2012.

Canalfront homes have seen a slight up-tick in sales prices. In fact I updated a CMA I did for one of my sellers and found that the CMA actually came out higher than it had just 4 months ago. If you’re considering purchasing a home on a canal or harbor, now is the time to do so.

Condos appear to be taking longer to sell than they did in 2011, but the sales prices are moving upward. In the past, condos have been slow to sell when there were a lot of “good deals” on single family homes for comparable money. As the inventory shrinks and fewer single family homes are on the market, condos will become a good choice for second home purchasers, particularly those looking for amenities such as pools, fitness centers, beach access, etc.

Florida Keys • Market Activity • Market Data • Recent Sales • Stats • July 16, 2012

2nd Quarter 2012 versus 2nd Quarter 2011 – The market is improving!

by Tracy Larson

Click for larger version

As soon as people I meet find out I am a Realtor, they want to know how the market is doing. Lately, I’m proud to say it’s doing really well, with prices starting to inch back up.

A quick look at the numbers for closed sales during the 2nd quarter of the this year compared to the 2nd quarter of 2011 shows that prices in most property categories are rising. Open water homes and dry lot homes have seen slight decreases, but both are selling quicker than they did in 2011. With quicker sales, I suspect these numbers will increase in the 3rd and 4th quarters of 2012.

Canalfront homes have seen a slight up-tick in sales prices. In fact I updated a CMA I did for one of my sellers and found that the CMA actually came out higher than it had just 4 months ago. If you’re considering purchasing a home on a canal or harbor, now is the time to do so.

Condos appear to be taking longer to sell than they did in 2011, but the sales prices are moving upward. In the past, condos have been slow to sell when there were a lot of “good deals” on single family homes for comparable money. As the inventory shrinks and fewer single family homes are on the market, condos will become a good choice for second home purchasers, particularly those looking for amenities such as pools, fitness centers, beach access, etc.

Florida Keys • Housing Market • Islamorada • Market Activity • REO • July 10, 2012

Market Update – Florida Keys real estate activity July 1st to July 8th, 2012

by Tracy Larson

We had a busy 4th of July here in the Keys. It was pretty much our last big push for tourists, so the rest of the summer is expected to be slow and warm. Thankfully, no storms have impacted us during the first month of Hurricane Season, and we certainly hope that continues to be true.

93 new listings came on the market the first week of July. 50 properties went under contract and 30 properties closed. Not bad for the slow time of the year!

New Listing – Listed for $642,900

New listings include an REO property in Key Largo I wrote about earlier. This property has over 3,500 sq. ft. of living space and 75 feet of dockage. it is just minutes to the open Atlantic. Offered at $642,900, I expect this home to sell quickly.

Pending Sale – Listed for $427,500

Pending homes include one of my favorite homes in Islamorada. This 2/2 dry lot home is in a private, gated subdivision and has a private pool. The interior is very reminiscent of an ideal Keys cottage, with coral wall accents, tile floor and wainscoting on the living room walls. It was listed at $427,500 at the time of contract.

Sold Listing – sold for $735,000

Sold properties include a bayfront home in Key Largo. The 2/3 bath CBS home is all concrete including the roof. It includes a boat basin with sandy beach. Listed as a short sale, it sold for $735,000.

To see the listings, follow the links below:

New Listings

Pending Sales

Closed Sales

Listing information is gathered from the Florida Keys Multiple Listing Service. Listing links will automatically expire after 8/9/2012.

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