Jim Mooney

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.

Islamorada, a great place to be! Spring is in full bloom with steady breezes and comfortable temps. The Tarpon run has started, evidence by the number of hard core fisherman in town. Off shore the Dolphin (Mahi Mahi) are starting their annual run through the area, with fish up to 50 lbs being caught. Blackfin tuna are also here in droves, as well as sailfish , cobia , and yellowtail. Bottom fishing remains good with Grouper being the fish of choice. In the shallows we are finding Bonefish , Redfish and Trout in good numbers.

As for the Real Estate World things have begun to make the turn toward a more stable market. With Inventory being reduced by some 30 months county wide in just the last 6 months. Average price reductions have also slowed. The average monthly sales over the last 6 months is just shy of doubling in that time frame. Average days on the market has also come down by 30 days and it looks as if that trend will continue. The average sale price is also showing a slight upward trend as well.

If you are thinking of buying Property in the Fl Keys, this is a Great time to Buy !!