Relocating to the Upper Keys Has Lot's of benefits

ISLAMORADA, Fla. - Nov. 20, 2013 - PRLog -- Florida Keys, Islamorada –Per Jan Keller with Coldwell Banker Schmitt, “The Upper Keys continued its real estate market growth through Q3, with prices steadily rising in the island chain running from Key Largo through Islamorada. The continued activity has piqued the interest of property investors who know the value of rental income and the power of building equity in such high-demand areas.

New full time residents also continue to relocate to the Upper Keys, as prices remain affordable. First time homebuyers, as well as investors, and those thinking about relocating, are advised to purchase now, before 2014, according to economists and industry experts.

Purchasing in the last months of 2013 in the Upper Keys equals pre-emptive savings, experts say. The scarcity of land on which to build, coupled with strict regulations, makes new construction a fraction of the inventory on the market. What’s more, economic analysts predict in 2014, home prices will begin to rise steadily, along with interest rates, which are now at historic lows.

In addition, home prices are still affordable and the strong possibility the Federal Reserve’s quantitative easing program will end spurs buyers on. In addition, Lenders have relaxed some of their strictest standards for the last quarter of the year, making mortgages more available.

When asked why the Islamorada Real Estate market has been so strong, Jan remarked, "There are several things to discuss here.

Number 1 is the fact that there are only so many waterfront properties available. Combine that with the low interest rates

Secondly, the fact that to the Islamorada area is close to Miami, which is really coming on strong. By that I mean, whenever Miami grows we see an increase in the Keys as we are only an hour away. Think of the Jersey Shore to New York City.

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.