TRANQUILITY BAY MARATHON FLORIDA KEYS: WHATS SELLING? 17 YEAR ABSORPTION RATE!!!

Buying or selling a home in Tranquility Bay in the Florida Keys? You need to see the market details and you need to know the price the market has set for SALES prices for these units.

Supply and demand set the market values, not the sellers and not what the sellers paid for these units in 2005 which was $550,000 to $900,000.

Unfortunately this is not 2005 and those units, in the current economy, are not going to sell for $550-$900,000.

And now for some shameless self-promotion.....

Here is some information you need to know:

• There are way more sellers that want to sell than buyers that want to buy in Tranquility Bay
• 17 units are currently actively for sale
• In the last year only one active listing sold
• At the current rate it will take 17 years to sell those units
• Kelly Willey at Coco Plum Realtors listed that sold property
• Kelly Willey at Coco Plum Realtors sold that property
• Kelly Willey at Coco Plum Realtors had a cash offer on that property in 14 days
• Kelly Willey at Coco Plum Realtos closed that property, for Cash, in 33 days
• Kelly Willey at Coco Plum Realtors sold that property for 97% of asking price

The Florida Keys are hailed as the American Caribbean and paradise but buyers will only buy if they see value in the purchase. Pricing the home to entice buyers is the key to selling in this market.

If you want to buy or sell in Tranquility Bay give me a call!!!

If your property is currently listed with another broker, this is not a solicitation of that listing.