The Florida Keys Real Estate Market Absorption Report 12-1-2020

If you're a Stat junkie like me, you'll love this Stuff!

This monthly report ( with 5 years of data) focuses on our Florida Keys Real Estate Absorption via hypothetical monthly supply rate.

(Don't worry. there's not a test for you math phobic readers.)

Is it a Buyer's Market? A Seller's Market? Who has the leverage? Take a Look and let me know what you think. I am happy to put my 25+years of experience to work for You!

For a PDF of the above video click here.

Work with an Agent who knows the pulse of the Market. Put the Experience and Expertise of Your Conchquistaor to work for you!

And Exhale ...The Hurricane Season Comes To An End and the Keys Are Blessed. It's Time for Neptune's Ball!

Like a good cigarette after sex (and I don't smoke), or a cup of coffee or espresso after dinner, or maybe a Brandy or Cognac. 
One can let go, and let that ...tension...dissipate.

The Tension?? The HT, Hurricane Tension, a type of PTSD you develop after being part of a serious Hurricane. 
And when June 1st rolls around, those that know what I'm talking about, realize that there is a menacing tightness that lingers until today, November 30th.

And, as we here in the Keys are only 1 year removed from the catastrophe of Irma, and in light Maria's and Michael's devastation,  that... stress, never really goes away during Season.  
One mention of a disturbance off of Africa and that hair rises, as does your pulse.... wondering, praying, that it doesn't come ... HERE.

This year, the Keys were blessed. And thankfully so, as the rebuilding efforts in the Lower Keys still have some ways to go. The scars need to mend. 
Our prayers, thoughts, and relief efforts go out to those affected by Michael. We know their pain and the challenges that lie before them.

Your Conchquistador has been through, Irma, and Wilma, and Katrina, Irene, and in the  Heart of Andrew (an experience like no other).  I know this stress first hand.  It's one of the reasons I am so adamant that my clientele are well prepared for the possibilities that exist. That their properties are ready, and that they themselves will be safe.

Yes, exhale my friends, let that HT, Hurricane Tension, subside. The Season is over. Put away your shutters and store your supplies.  

Of Course, in true Keys fashion, we are actually having a celebration party, entitled Neptune's Ball, at the super cool Heartbreakers Brewhouse, with musicians, craft beers, hookah lounge, a paddle board give away, and a custom sculpture burning at midnight!  
It's going to be a lot of fun!! 

November 30th is one of my favorite days of the year and June 1st, my least.

And for the 2018 Hurricane Season...let's tell that Bitch, "Na-na, Na-na, Hey-hey, Good-bye!"

Work with an Agent who can see you through the storm!  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 DropAnchor@TheRealEstateConch.com.

Just Closed! Islamorada Oasis $775,000. Conchquistador Deal of The Day!

You Know, one of the greatest joys of this profession is the opportunity to service clientele not just once, but multiple times over the course of many years.

So it is with my latest sale.  I have now had the privilege to work buy my Buyers, Bert and Terry, for 5 transactions!!  The first dating back 20 years in 1998 when I sold their Miami Home.

And now I have been able to work with them to obtain their own Islamorada Oasis.  And man talk about cool!!! 
Located on Plantation Key in the Indian Waterways neighborhood, this home at 157 Caloosa Street is the perfect Keys getaway.

Listed by my friends Aryl and Pati Robison of Re/Max, it boasts super waterfront dockage, a custom build Tiki entertainment area, Garage,
Main House, and a separate Guest House!!


Originally built in the 60's, it has been wonderfully updated and is ready to move in, and ready to party and or relax.

At a Sale price of $775,000, this was a win-win for both Buyer and Seller. Love those kind of deals!!

Aryl and Pati have been kind enough to allow me to share some of their photos and description.

Now the details:

157 Tequesta Street, Islamorada
List Price $799,995 / Sale Price $775,000 
3 bedrooms / 3 bathrooms
Bayside Canal

Description:
Paradise awaits. This spectacular canal front home is the epitome of Florida Keys Living. Completely renovated and remodeled in 2011 & 2012, the property offers a main house with 2 beds and 2 baths, Dade County Pine ceilings, detached garage, separate guest quarters with a living area, kitchenette, bedroom & bathroom, a spacious dock, boat ramp, lushly landscaped grounds, tiki hut and even a white picket fence. Located in Indian Waterways, it is minutes from the Bay & Ocean Access Access via Tavernier Creek and Snake Creek. It is also centrally located and very convenient to shopping, restaurants, the hospital & schools. Plus, this home did not suffer any hurricane damage and offers privacy with a nature preserve across the Street.

Detailed Brochure and Mapped Location Here

Thank you Bert and Terry!! Looking forward to our next one!

Work with and agent who can help you find your OWN Oasis and who will stick with you for years to come. 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 DropAnchor@TheRealEstateConch.com.

You've Bought A Fantastic Keys Home. Now, Where Do You Go To Fish???

You know, one of the big questions I get asked by my buyer clients is, "Where do we go fish??" 

What You’ve gotta understand is,

that’s like asking, "Hey where is the Oasis in the Sahara??"

It’s a big ocean out there boys and girls, and this question is kind of an ambiguous one as well. 

A lot of factors go in to determining what’s a great fishing spot.

A just undersized Grouper caught on the Patch Reefs.

What maybe great to you isn't necessarily so great to me depending on the type of fish you like to catch, the style of fishing, and how much you can handle being rocked on a boat in "sporty " chop, before you are chumming the waters yourself.

The phenomenal thing about our Fabulous Florida Keys, is that they offer such a widdddddeeeee variety of fishing options!!

Mrs Conchquistador with a super mackerel caught in 17 ft of water!

So, if you’re looking for a constant rod pending action, where the thrill might not be so much catching that elusive big one, as much as being excited with every cast, you can’t beat the Patch Reefs. Small sets of reefs on the oceanside usually close inshore about 3.5 to 5 miles. They hold of wide variety of fish including Grouper, Snapper, Porgies, Grunts, the sooo delicious Hogfish, and sometimes Mackerel. 

Patch Reef fishing is my personal favorite, and generally what I like to do most, as damn it, I wanna put fish in my box!! 

Guess what!? I gotta fever. And the only prescription is more patch reef fishing (that said in my worst Christopher Walken voice from the infamous Cowbell SNL skit). It’s pretty close inshore, doesn’t take a lot of time to get out to, and lots of different spots,

A super Hogfish caught in some deeper water

Now, if you’re looking for that real sense of adventure, start going a little bit deeper. But know that the time between catches and bites may be a little bit longer.

When you’re looking just past the reef, in the 125 foot range, now you’re starting to talk about some of your bigger Groupers, your Mutton Snappers, and especially Kingfish and more. 

But, if you’re ready for some bad ass Hemingway action, you go deeper, and by deeper I’m talking about 600 to 2000 feet. 

Here's where you strap on your big boy, or big girl, pants and you throw your line and you’re looking for Dolphin, (No, not Flipper, but Mahi-Mahi), Tuna, and especially if you're lucky, Swordfish, each a tasty, tasty treat.

Mrs. Conchquistador with a tasty, yes tasty Jack Crevalle

Your style of fishing can also be determined by Where you are in the Keys.

I find Upper Keys fishing quite different from Lower Keys fishing especially when you talk about going on the Gulf side in the Lower Keys, and Bay side and the Back Country in the Upper Keys.

These are whole different fisheries.

And of course, there are particular habitats for other great target species like Tarpon, Permit, and Bonefish. 

If you's like even more detailed fishing info and some great gps numbers, visit my GPS page.  And for even GREATER accuracy, visit www.profishingspots.com.  they have INCREDIBLE #s and I know this first hand. May cost you a few bucks, but very much worth it. Tell them my friend Heiko from The South Florida Fishing Channel on youtube sent you. ( More about him and his phenomenal channel in a later post.)

The bottom line (pardon the purposeful "line" pun) is, get a rod in your hand, get some bait, learn how to throw a cast net, be safe, and most of all ... have fun.

 
Work with an Agent who can get you a home closeest to your ideal fishing spot.  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 DropAnchor@TheRealEstateConch.com.

Today Is One of My Favorite Days of the Year, And Let Me Tell You Why ...

OK, 

Penn rods and reels ... check 

Pinfish ... check 

Boxes of Chum ... check 

Knocker Rigs... check.

So what is this laundry list, you ask?? 

It is essential gear to stalk my favorite fish to both catch and eat

.

Yes, today is May 1, and that means just one thing ...

the start of Grouper Season!!!

These denizens of the rocky bottom are my favorite prey by far. And to me personally, as table fare, they really can’t be beat. Yes, the Mahi-Mahi is fantastic, and the stats are divided that Hog Fish is on its own plane, but to me, Grouper, yes big fat, sloppy, tasty Grouper is the king of the sea.

The cool thing about Grouper is that there are so many different varieties. Gag, Nassau, Black, Red, Snowey, Hind, and Strawberry are just a few, with Reds my personal favorite.

The most important thing to remember is that there’s only a particular season where we are allowed to get out on the open water and cast our lines and catch and keep these tasty beasts.  That season runs from May 1 to December 31. 

So where am I going to go?? Well, I’ll give you a couple of insider insights.

I just found the most incredible reef off the southern tip of Islamorada, about a mile and a half off shore. It’s got about 12 good sized patches within a 1 mile diameter and lots of great rocky outcrops and corals that make for great Grouper apartments.

Note that in grouper fishing, it is that the first 10 seconds of him on your line that is really going to tell the tale of who is going to be bitch slapped, you or the grouper.  As that is when they head for their nearest whole like a cockroach who's just seen the light in the kitchen. And when the get in that hole they puff up in it, like me after I eat popcorn rice. So getting them out, is where the real challenge begins!

So whether fishing in 10 to 12 feet of water or 150,  there's  always a variety of grouper to be found, especially if you have some type of structure on the bottom.

Oh very happy day I’m ready to get my lines in the water and pull up some dinner.

Pass me some tartar sauce!

  
Work with an agent who can help your reel in the ideal property.  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 DropAnchor@TheRealEstateConch.com.

And Thus, We Bid The Devil Adieu - Today Ends a Harsh Hurricane Season

The Buzz-Saw that was Irma en route to the Keys

So, every June 1^st, I do a blog post referencing Florida Keys Profanity, and that the “H Word” is the most foul.  Of course, “H” standing for Hurricane.

As you know, this Blog is quite often tongue-in-cheek, but this year, this year it rang very, very true.

Heartbreaking Devastation at one of my Buyers' Properties on Grassy Key

It's been some time coming, can't say we were surprised. But it still doesn't lessen the blow, both literally and figuratively. 

Irma came through like a buzz saw, but a buzz saw that was very, very slow moving. We were extraordinarily fortunate that it didn't do as much damage as it could have, and that the casualties were not as great as they could've been.

That being said, the wounds have definitely been inflicted and anyone driving our glorious Overseas Highway can see the scabs that are now forming.

 

Hurricanes in the Keys are a way of Life. They are part and parcel of the Keys experience. They is the Ying to the diving, fishing, drinking and revelry’s Yang. 

So what happens now???

Participating in a TV interview with NBC6 Anchors about what happens next

Well, real estate wise, Irma may have actually been a good thing on several fronts.

It's certainly showcased those homes that were well-built and can stand up to brutes. It also thinned out some of our invasive foliage that has grown here, chocking out our natives. And, it has forced homeowners to take a serious look at the condition of their properties.

And even with all the devastation that has occurred, Buyers still, still, very much want a heaping slice of our proverbial Key Lime Pie.

There is no place on Earth like the  Florida Keys. There is no place that offers all the intangibles.

Yes, there may be some places that have more vibrant for reefs, better fishing, Island lifestyle, but, as a package, and for ownership and value… I believe there’s no compare. 

"H Word"  - The Most Profane.

So, today, as we pack away our generators and store away our shutters and get ready to say goodbye to a very trying Period, we remember those that lost so much, and commend those whose efforts are unparalleled in helping us to effectively rebuild.

As once again, we try to reason with Hurricane Season

Work with an Agent whose ridden the Storms.  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 DropAnchor@TheRealEstateConch.com.