Trends in Key West’s real estate market reflect a different climate for buyers and sellers than in the recent past. Today, there are only 518 active properties for sale when there were more than 1100 active listings.
Why the big reduction in inventory? The short answer: properties are selling, and prices are stabilizing. July 2010 saw a 17% increase in the median sale price compared to July 2009.
Read the full real estate market report for Key West.
The Rudy Molinet team at Marquis Properties Realty has placed nearly $20 million (transaction sides ) under contract from January through August 2010, almost matching our total for 2009. “We are excited to see this upward trend,” says Broker Rudy Molinet. “ My partner Harry Hoehn and I have sold more Key West Real Estate this year than any other of the nearly 400 active Key West Realtors.”
People always ask Molinet the secret to his agency’s success.
"It’s pretty simple, Molinet says: price listings to sell! We work with buyers by providing them with market information to support the listing price. And we follow up with our marketing expertise – along with hours of hard work, aggressive advertising and an enhanced presence on the internet."
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