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Florida Keys Real Estate News & Trends from CB Schmitt
Keys-Wide Comparison January-March 2021vs 2020
Coldwell Banker Schmitt’s Luxury Island Properties Real Estate Report
Big Pine Key Real Estate agent REALTOR at Coldwell Banker Schmitt, Inc, specializes in the sale of Fine Homes and Condos in the Lower Florida Keys.
Since 1997, she has provided buyers and sellers with in-depth professional assistance in the sale and purchase of a residential property. If you are interested in buying or selling a home and want the professional assistance of a seasoned expert, who will work diligently in an effort to satisfy your needs, please call Diane anytime at 305-849-0934.
Hopefully, you will find this website to be comprehensive, interesting, and informative. Please bookmark this site (http://www.dianecorliss.com) Big Pine Key Homes for sale plus valuable information at your fingertips about living in the Lower Fl Keys.
Buying In The Keys
Making the decision to live in the Lower Fl Keys is just the beginning. Searching for the Perfect Property can be an involved and tedious process.
To HELP you navigate through these property searches, I have set up Quick Search Icons. The Icons give you property breakouts based on Price points and Areas.
There is also an add-to-email feature—whereby if you let me know what you are looking for, I will set up an automated email program that will send you listings per your parameters on a daily basis.
WHAT'S NEW January 2023
Summerland Key Investment Advantages
The Marathon Florida residential real estate market forecast for 2023 isn't easy to predict, given all the factors at play and some possible new challenges arising over the next few months. However, it is possible to look at some current data and previous trends in order to gain a bit of insight as to what might unfold in the new year. So, read on to learn more about the residential real estate market Outlook for Marathon Florida through the rest of the year and into 2023.
The residential real estate market in Marathon is currently facing several challenges. With over 210 active listings and a median asking price of $1.4 million, the market is seeing high prices and a slow pace of sales - neither of which is all that unusual for such a highly desirable market.
The median list price per square foot is $839, and the median selling price is $850,000, representing a year-over-year increase of 88.5%. While homes in the area are selling for just 1.78% under their asking prices, the sale-to-list price ratio is 98.22%, indicating a relatively stable market. However, the median days on the market are running very high at 103 days, or more than 3 months, indicating a buyer's market, albeit only marginally.
One of the main factors impacting the real estate market in Marathon is the rising interest rates and inflation. These factors are causing many potential buyers to either pull away from the real estate market altogether or put off their home purchases for the foreseeable future. In addition, the area has seen fewer new housing construction starts, which is further limiting the available inventory and putting upward pressure on prices.