2024 Lower Florida Keys Real Estate Forecast

BIG PINE KEY, Fla. - Jan. 4, 2024 - PRLog -- Per Diane Corliss, A leading Realtor in the Lower Florida Keys, with the #1 Real Estate Co. in the Florida Keys.

Home sales and market prices in the lower Florida Keys will continue to rise steadily through 2024. The strong demand for second homes and vacation properties in the area and limited inventory will keep prices high.

The increased popularity of short-term rentals, particularly through platforms like Airbnb and VRBO, will also contribute to rising property values as investors and buyers see the potential for high rental income.

Additionally, the lower Florida Keys real estate market is expected to benefit from ongoing development and infrastructure improvements, such as the construction of new luxury resorts, marinas, and restaurants in the area. This will further attract buyers and increase demand for properties.

The lower Florida Keys have historically been a popular destination for vacation homes, buyers may become cautious in the future due to concerns about environmental factors.

Overall, the lower Florida Keys real estate market will likely continue to be strong and stable for the next few years, with high prices and demand. It will be important for buyers and investors to closely monitor the potential impacts of climate change and make informed decisions when considering purchasing property in the area.

For help or questions about selling or buying a property in the Lower Keys. Please call Diane at 305-849-0934 or see https://dianecorliss.com/