The Keys Market
The market in the Keys has shifted recently from a predominantly “Sellers’ Market” to a more balanced market where Buyers now have more options in the kinds of properties available for purchase and Sellers, because of increased competition, must be willing to negotiate terms in order to get their property sold. While the pace of sales has slackened, prices are only off slightly from their highs of 2005. The tremendous investment potential of the Keys and the limited availability of land help to support existing prices and will prevent the market from “tanking.”

Sales have begun to pickup in the last several months reflecting Buyers’ realization that prices are probably at their lowest point in the current cycle and with the inventory of available properties still at historic highs, Buyers realize they have an opportunity to pick up property in the Keys at prices that will never be seen again. Once the influx of current Buyers reaches a critical mass, prices will again begin their inexorable climb to even higher highs than those experienced in the previous cycle.