Found 6 blog entries tagged as key largo.

May numbers are in! As of June 1st: Median sold price continues to increase. Month over month May saw a decrease of average days on market and a slight uptick in the original list price to sold price ratio. Our absorption rate is now over 6mo of inventory. While we are fully back in a neutral market in the Keys, homeowners and buyers should feel good about home values holding steady. *Oh, by the way ... I can help connect you with great Realtors anywhere in North America! I'm never too busy for referrals!  Erin Kiel REALTOR® GRI, AHWD, C2EX Better Homes and Gardens Real Estate Destinations

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by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

It’s not easy being a first-time homebuyer right now. Not just in the Florida Keys, but everywhere. At the end of last year, housing affordability hit an all-time low.(1) Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids. (2)

In fact, according to the National Association of Realtors, only 26% of last year’s homebuyers were first-timers—the lowest share on record and down from 34% a year prior. This underscores…

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One Thing is for Certain: 

Time Passes, Whether We're Ready for It or Not!

This year feels different and is undoubtedly unique as people are spending more time than ever at HOME. 

Holiday decorations adorned houses earlier than normal, beginning with Halloween decor blowing in August's wind.   Some Christmas trees even went up directly after All Hallows Eve.  White lights lined roofs, as they twinkled in the nights before Thanksgiving.  

People are craving something to celebrate, whether it's around a holiday or not.  This year has just been one huge reminder to CELEBRATE;  to learn from the bad and enjoy the smallest of moments;  to support and love on each other;  to ask for help;  to be more giving;  to remember we're human but always…

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#6 Aspects to Consider When Purchasing Investment Property in the Florida Keys

  1. Location!  It’s no secret to YOU how magnificent the Florida Keys are.  And lucky for an investment property owner here, it isn’t a secret for the rest of the world either!  The Florida Keys, as a whole, are a Top Tourist Destination resulting in vacation and short term rental price increases.  Additionally, monthly and longer term rentals are also increasing in year round demand (not just the typical “high season” months of Jan-May).  Limited properties in general, drive up appreciation of rentals and overall home values year after year.
  2. Financing! If using financing to purchase, keep in mind you will have to bring more money to the table of an investment property…

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The Florida Keys and South Florida real estate markets are moving.  If you are planning on buying or selling give us a call so we can guide you through this process starting with a one on one consultation so you can make the best decisions.  We believe in service and guidance for our customers! 

PUT A STAR ON YOUR PROPERTY TO GET IT SOLD! 

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