The median price -- the number at which half of the residences cost more and half cost less, was up 5 percent in the Upper Keys. MLS data does not capture homes listed by owners, nor does it include homes sold inside the gates of the Ocean Reef Club in North Key Largo.
Per William Hardin, director of Florida International University's Hollo School of Real Estate, "The price increases are due to three factors: the growing economy, low interest rates and the fact that the stock market is near a five-year high.
March 1st, 2013, Islamorada, Florida Keys. Per Jan Keller, Islamorada’s top producing Realtor. “We have definitely seen increased demand for homes below $500,000 and luxury homes over 1 million. In fact 2012 has been one of our strongest sales years ever with over 27 million in closed deals.
When asked why she thought that sales had increased, Jan remarked. There is only so much land and only so many properties are available here. With the increase in the Stock market and the economy getting stronger, we are experiencing real increased demand for properties in the Upper Keys. That includes homes from the lower price ranges to our Luxury Real Estate. Plus, the market now has more investors who are looking for the type of properties that destination resort areas have to offer.
About Jan Keller. Jan is a Top producing Real Estate agent and the owner of the Florida website www.kellerporterteam.com designed specifically to help people relocating to Islamorada and the upper Florida Keys.