Friday, October 5, 2012

Holy @#$% !! Look What's Happening in Our Market! The Latest Numbers Are Out.

Holy @#$% !!
Water's Edge - One of Our Estates Currently for Sale
Look what's happening in our Market.  The latest numbers are certainly eye opening that is for sure.
In a comparison of transactions in September 2011 and September 2012, we see a dramatic surge in Sales Prices of 34.7%, Days on The Market decrease of 25% , while the quantity of sales remained pretty much constant. Our Average List Price has, as well, leaped a staggering 53%!!!  Open up your wallets ...Momma needs a new pair of Shoes!!

Now some of these numbers are a bit skewed by a run of High Priced $2M Sales, but even with that taken into account, our Market is Smoking!!!

View from our Listing at 4 North Drive in Key Largo
What does this mean?  Well, a couple of things.  First it's a great time for Sellers as properties are selling, and at the highest prices and at a pace that we have not seen since the real estate bubble burst several years ago. So, an ideal time to put your home on the Market.

Paradoxically, this is as well still a great time for Buyers!!  Yes prices have gone up from last year....but money is so damn cheap right now, that if you are borrowing, a good deal of these increases are offset, AND you are still getting homes at a dramatic discount from the Hey Day.

The key, regardless of what side of the transaction that you are on is being armed with the best information regarding today's volatile market.  Work with a LOCAL real estate professional who really knows the market, work with a LOCAL lender if you are financing, INSIST on LOCAL appraisers.  Get to know the Numbers and look at the Comparables.  As Clothier. Sy Syms used to say in his commercials, "An Educated Consumer is Our Best Customer".

Below is my Monthly Market Recap:

Double Click Image to enlarge

Work with an Agent who KNOWS the numbers.  Put the experience and expertise of The Conchquistador to work for you! For more information on the outstanding real estate opportunities that exist in the Keys, call me at 305.439.7730 or email me at

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