Facts About Florida Keys Real Estate Market

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Facts About Florida Keys Market

What Do the Numbers Forecast?

The continuing trend indicated by a rising number of properties listed for sale coupled with a declining number of sales leads us to expect the market to eventually experience decreasing average sale
prices. That historic relationship has been countered, however, by an increase in the number of
sales and average sale price within the luxury property market of $1M+ properties, as shown in our Fall/Winter Luxury Island Properties Report.  With 14% fewer buyers having 17% more properties to choose among, the trend of fewer sales will continue as there is an immutable relationship between listings and sales: When listings increase, sales decrease, and vice versa. 

The question remains, “What caused this market slowdown?”  First, a large portion of the Keys real estate market consists of vacation home and second home sales.  Nationally, that sector is down over 18.5% and the Florida vacation market is down 5% according to National Association of Realtors
reports released in April of this year.  (The next update will be released at the end of October.) 
Second, the turmoil of the fall elections coupled with general global economic uncertainty appears to have created a cautious attitude regarding discretionary spending on real estate.  Many, if not most markets nationwide, are experiencing reduced numbers of sales as a result of these factors.

Looking to buy a home? Search All Homes →	Looking to sell a home? Home Value Report

Lela Ashkarian, PA, ABR, CRS, GRI, E-PRO

305-395-0814

www.SearchFloridaKeysHomes.com 

Coldwell Banker Schmitt Real Estate

11050 Overseas Highway

Marathon, Fl 33050

101 E Ocean Drive Seapointe # 203 Key Colony Beach 305-395-0814

Get the Inside Story

Facts About Florida Keys Market

What Do the Numbers Forecast?

The continuing trend indicated by a rising number of properties listed for sale coupled with a declining number of sales leads us to expect the market to eventually experience decreasing average sale
prices. That historic relationship has been countered, however, by an increase in the number of
sales and average sale price within the luxury property market of $1M+ properties, as shown in our Fall/Winter Luxury Island Properties Report.  With 14% fewer buyers having 17% more properties to choose among, the trend of fewer sales will continue as there is an immutable relationship between listings and sales: When listings increase, sales decrease, and vice versa. 

The question remains, “What caused this market slowdown?”  First, a large portion of the Keys real estate market consists of vacation home and second home sales.  Nationally, that sector is down over 18.5% and the Florida vacation market is down 5% according to National Association of Realtors
reports released in April of this year.  (The next update will be released at the end of October.)
Second, the turmoil of the fall elections coupled with general global economic uncertainty appears to have created a cautious attitude regarding discretionary spending on real estate.  Many, if not most markets nationwide, are experiencing reduced numbers of sales as a result of these factors.

Looking to buy a home? Search All Homes →	Looking to sell a home? Home Value Report

Lela Ashkarian, PA, ABR, CRS, GRI, E-PRO

305-395-0814

www.SearchFloridaKeysHomes.com 

Coldwell Banker Schmitt Real Estate

11050 Overseas Highway

Marathon, Fl 33050

Vacation Rental 57977 Morton Street Grassy Key, Marathon Neighborhood of Florida Keys 305-395-0814

Vacation Rental GulfVacation Rental 57977 Morton Street Grassy Key, Marathon Neighborhood of Florida Keys 305-395-0814  Front Home for Sale

Gulf Front Morton Street Vacation Rental Home for Sale

The Gulf of Mexico-Exclusive and PRIVATE Morton Street home is located at Mile Marker 58 on Grassy Key. This Lovely home has been completely renovated, both bathrooms redone in 2014, a new and modern kitchen with granite counter top dining as well as a formal dining area with panoramic views of the Gulf. The covered porch is 24′ by 15′ overlooking the Gulf of Mexico.
The dock extends out to 4′ of water and can accommodate almost any boat. Keys fishing right from the dock.

Ceramic tile thru-out the home. The master bedroom has a king size bed, private bath and flat screen TV. The 1st guest bedrooom has a Queen size bed and the 3rd bedroom has twins.

Hi speed wireless internet, gas grill and 4 flat screen TV’s for your enjoyment.

This tropical paradise is nicely landscaped and boasts a 26′ pool with extensive decking and spa.

Grassy Key has bird life that will astound you. In the water you may see manatees, dolphins, schools of snapper, lobster and corals. There are a few beaches nearby, but most of the shoreline is rocky or very shallow. You can swim from right off the dock away from the coral and sea grass, make sure to use a divers down flag.

If you or someone you care and respect would Love to Live or Vacation In Florida Keys

Contact Lela Ashkarian

www.SearchFloridaKeysHomes.com

305-395-0814 

Florida Keys Real Estate Agent, 305-395-0814

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: 

You have many agents from which to choose. Pick someone who truly cares.

All Florida Keys Real Estate Homes and land for Sale, Selling your Home in Florida Keys? 305-395-0814

• Set the market value on possibly the largest asset your family owns (your home)
• Set the time schedule for the successful liquidation of that asset
• Set the fee for the services required to liquidate that asset

An agent must be concerned first and foremost about you and your family in order to garner that degree of trust. Make sure this is the case.

Be careful if the agent you are interviewing begins the interview by:

• Bragging about their success
• Bragging about their company’s success

An agent’s success and the success of their company can be important considerations when deciding on the right real estate professional to represent you in the sale of the house. However, you first need to know they care about what you need and what you expect from the sale. If the agent is not interested in first establishing your needs, how successful they may seem is much less important.

Look for someone with the ‘heart of a teacher’ who comes in prepared well enough to explain the current real estate market and patient enough to take the time to show how it may impact the sale of your home.

Not someone only interested in trying to sell you on how great they are.

You have many agents from which to choose. Pick someone who truly cares.

What is The Benefit of Buyer Broker Service Guarantee Agreement 305-395-0814

Isn't  it important to eliminate the frustration while buying your vacation, retirement or first time home in Florida Keys ?

 Invest your time upfront. With an agent who will represent your best Interest 

1) Signing with me puts you at the top of my priority list. Having numerous agents "working for you" means exactly ZERO of those agents will actually work for you. 

2) Signing with me legally binds me and codifies the agency relationship including that I will hold all your information confidential. 

3) Signing with me guarantees that if another buyer I am representing wants to put an offer on the same house that I won't represent that other buyer, so there is no conflict of interest. 

4) Realtors are required to have all agreement in writing according to our code of ethics. That includes agency agreements. Why would you work with an agent who would violate the code of ethics and work with you without having it all spelled out in writing? 

5) Signing with me does not obligate you to buy a house at all. It merely gives you the peace and comfort that I will be focused on your interests, and not just any person who calls me asking to go see houses.

Lela Ashkarian, PA, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate
11050 Overseas Highway
Marathon, Fl 33050
305-395-0814
www.SearchFloridaKeysHomes.com 
lela@CBschmitt.com 

Toes in the Water! Duck Key Florida Keys, 104 Bimini Drive,

Duck Key Florida Keys, 104 Bimini Drive, Toes in the Water! 

Marathon, Florida Neighborhood

Txt Call Lela Ashkarian

305-395-0814

www.SearchFloridaKeysHomes.com 

A picture is worth a thousand words. Sometimes, you can look at the picture of a home, a land in which you are interested and it clicks. Other times, you look at the picture and you just can't seem to connect with it. Either way, in order to determine if a home you see on paper or on the Internet is the ONE, you really need to see it in person. Click Here to View the Entire Florida Keys MLS Listings 

Duck Key, Florida Keys  Open Water Home 2/2 upstairs on Toms Harbor, large 11,888 sq ft lot, plenty space for a large pool, built in 1971.Lower level has Two bedrooms and Two Baths. Screened in porch overlooking the open water view, concrete seawall. How amazing would it be to wake up in the morning and step out onto your own private porch overlooking the Open water? What a Dream. House needs some loving.

This house needs Love! Waking up refreshed in the morning with a smile on your face, it really does not matter if your first thought is devoted to your swim with dolphins, going fishing, diving or loving to swim here at this house is a dream come true. 

You can join the Duck Key Club 

For the tennis enthusiast there are 2  tennis courts which are used for tournaments, daily singles and doubles matches - and there's plenty of time for casual play. 

The club grounds consist of several acres and are beautifully landscaped with native trees and flowering shrubs. There is also a large Tiki Hut at one end of the pool is a favorite spot for monthly Tiki Tuesdays and informal happy hours. 

To view the Duck Key Club Rules click Here 


Duck Key is located in the Florida Keys at Mile Marker 61 on the ocean side. The lifestyle in Duck Key is very laid back where neighbors, fish, snorkel and dive right off their doorstep. A casual existence that stresses year round outdoor life for which the Florida Keys are famous. 

Grand canals traversed by ornate bridges tell of Duck Key's European / West Indies heritage. Duck Keys is a natural island. A composite of five islands: Yacht Club Island, Center Island, Harbour Island, Plantation Island and Indies Island, which provide seclusion, privacy and security. Only one road connects Duck Key to the main highway US1. 

Duck Key Florida Keys, 104 Bimini Drive, Toes in the Water! 

Marathon, Florida Neighborhood

One More Time… You Do Not Need 20% Down To Buy NOW

One More Time… 

You Do Not Need 20% Down To Buy NOW

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a #homemortgage #loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 

1. Down Payment

The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less.  Share this link with a friend or family member. www.SearchFloridaKeysHomes.com 

Many renters may actually be able to enter the housing market soonerhttp://www.SearchFloridaKeysHomes.com  than they ever imagined with new programs that have emerged allowing less cash out of pocket.

2. FICO Scores

The survey also reported that two-thirds of the respondents believe they need a very good credit score to buy a home, with 45 percent thinking a “good credit score” is over 780. In actuality, the average FICO scores of approved conventional and FHA mortgages are much lower.

The average conventional loan closed in March had a credit score of 753, while FHA mortgages closed with a 685 score. The average across all loans closed in March was 722. The graph below shows how the average FICO Score required has come down over the last 12 months and has stayed around 722 for the last six months.

Bottom Line

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, sit down with a professional who can help you understand your true options.

Duck Key Florida Keys Open Ocean and Gulf Views 305-395-0814

Duck Key Open Water Home two bedrooms two baths upstairs on Toms Harbor, large 11,888 sq ft lot, plenty space for a large pool, built in 1971. Lower level has two bedrooms and one bath . Screened in porch overlooking the open water view, concrete seawall. How amazing would it be to wake up in the morning and step out onto your own private porch overlooking the Open water? What a Dream. House needs some loving.

This house needs Love! Waking up refreshed in the morning with a smile on your face, it really does not matter if your first thought is devoted to your swim with dolphins, going fishing, diving or loving to swim here at this house is a dream come true. 

If you are looking to relocate, or purchase a Vacation Rental Property, visit www.SearchFloridaKeysHomes.com then give me a call 305-395-0814


Key Colony Beach Front Homes For Sale 305-395-0814

 Cheers, have the best day of your life

305-395-0814 cell/txt 

Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate

International President's Circle
11050 Overseas Highway,
Marathon, Fl 33050
Land Line: 305-289-6492,

www.SearchFloridaKeysHomes.com

www.SellMyHomeInFloridaKeys.com 

I listen attentively, I respond quickly, I follow Up and Follow Thru promptly.  Have the best day of your life. Thank you 

The next time you're in a conversation with a friend or family member and they mention that they or someone they know is (looking to buy their Dream Vacation Home  because they are tired of paying rent), simply take out your cell phone, look up my number, and call or text 305-395-0814 me immediately so we can talk about helping them get the advice they need.

Please note that any negotiation communications included in this email does not constitute a contract until it is in writing and executed by both parties.

Market Segment Report for Marathon, Key Colony Beach Middle Keys

Here is the September 2012 Market Segment Report for Middle Keys Luxury Real Estate.

You will want to take a close look at Middle Keys Marathon, Key Colony beach and Neighborhood Luxury Home Real estate if you are considering the purchase of a high-end home. With good availability, attractive pricing and low interest rates, now is a great time to make the move to the latest in design, high-quality finishes and modern features. 

Marathon Middle Keys Duck Key and Key Colony Beach Luxury homes Report

  I'm happy to say that each market report is original content - I use current MLS data, generate my own Market Snap Shot graphs and tables, and add new commentary. And while it is certainly tedious, over time I've developed some templates that make it a bit less time-consuming.

Market Segment Report for Marathon, Key Colony Beach Middle Keys