Tide Starting To Turn

Hello fellow fisherman and Real Estate Investor's! This is an update on the Real Estate tides for the Islands of Plantation Key , Windley Key , Upper Matecumbe, and Lower Matecumbe.

With the summer season is ready to kick off the second half of 2008, we know that fishing will be very good this summer as always. While fisherman hunt for that elusive 50 lb dolphin,or the first 350 lb Blue Marlin, investors are hunting for that big catch on land. The best fisherman use the right bait, local knowledge of the waters and sea conditions to give them the best chance at producing the big catch. Investor's must also apply some of those same tactics to give themselves the opportunity to catch the right Real Estate Deal!

The fisherman faces higher cost to catch the big one,and so it goes with the Investor.The Year over Year Stats for Islamorada, show some movement upward over last year.

Upper Matecumbe sold volume; is up 32% , average sale price is up 10%, new listings are down 32%;

Plantation Key; sold volume down 21%, average sale price up 2%, new listings are at 0%,

Windley Key; sold volume is off 39%, while average sale price is up 171%, new listings down 20%,

Lower Matecumbe; sold volume down 36%, with average sale price up 16%, and new listings down 4%. (stats are for time frame 1/1/07 thru 5/16/07 vs 1/1/08 thru 5/16/08)

Buyers are purchasing at 89% of list price Village wide.

Jim Mooney P.A. AHWD Moorings Realty, Inc.