Jimmy Lane

The Lower Keys real estate markets are looking good compared to the numbers of one year ago. The number of properties actively listed this February was 285. There were 55 properties under contract to be sold with 13 actually closing during the month. In February 2011, the number of properties actively listed was 285, the number pending was at 54, while the number sold was 23.

The average and median prices of properties sold show shifts from the same month a year ago. According to the February 2012 Lower Keys Real Estate Statistical Analysis published by the Key West Association of Realtors, the average price for all properties sold in the Lower Keys during February 2011 was $372,603.33, and in February 2012 the average price dropped to $248,928.67, which is a decrease of 33.2%. The median price of properties sold in February 2011 was $283,333.33, and the median price in February 2012 was $239,666.67, which is a decrease of 15.4%. In February 2011, the average days on the market for properties in the Lower Keys was 143. This number increased slightly to 148 for February 2012.

To break the numbers down into more detail: There were 7 single-family homes sold in the LowerKeysduring February 2012, and the number sold in February 2011 was 9. There was a single sale of condos/townhomes in the Lower Keys during February 2012 and one in February 2011. The number of other properties (duplex, multi-units, and mobile homes) sold in the Lower Keys was 5 in February 2012 compared to 7 last year.

The average price of single-family homes sold in the Lower Keys during February 2012 was $326,786.00, which was a 48.9% decrease from one year ago. The median price of $299,000.00 in February 2012 was a decrease of 23.3% from the $390,000.00 median price in February 2011. There was 1 condo/townhome sold in February 2012 at an average price of $300,000.00 which was an increase of 3.4% over February 2011. The average price of the 5 other properties sold in February 2012 was $120,000.00, and the median price was $120,000.00, which was a 29.4% decrease from 2011.

There were 182 activelistingsof single-family homes for sale in the Lower Keys this February. The active listings also included 13 listings for condos/townhomes and 102 listings for other properties. Of the total 297 properties listed, 55 properties were contingent or pending at the time of the report, and none actually closed. One year ago there were 170 active listings for single-family homes, 19 for condos/townhomes, and 96 for other properties.

The buyer’s real estate scene and life are good in the LowerKeys! All of this adds up to GOOD reasons for you to consider property in the Lower Keys today. Give me a call. JimmyLane: 305-766-0585 or contactmeonline.

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During the month of February 2012, there were 448 properties actively listed in the Key West real estate market. Of these properties, 120 were contingent or pending on the last day of the month, and 33 properties had been sold. One year ago, during the month of December, the number of active listings was 484, the number of properties contingent or pending was 159, and the number sold was 33.

The Key West real estate market shows a positive trend when comparing the first two months of 2012 to the first two months of 2011. Both the number of active listings and the number of sales has increased. The average selling price increased, as did the median selling price as compared to the same period in 2011.

The average price of properties has increased as has the median prices of properties sold this February as compared to a year ago. According to the February 2012 Key West Real Estate Statistical Analysis published by the Key West Association of Realtors, the average price for all properties sold in Key West in February 2011 was $404,697.33, and in February 2012 the average price increased to $524,728.67. The median price of properties sold in February 2011 was $378,833.33 and increased to a median price in February 2012 of $471,666.67.

To break the number of sales down into more detail: The number of single-family homes sold in Key West during February 2012 was 16 and in February 2011 was 22. The number of condos/townhomes sold in Key West in February 2012 was 15, the same number as last February. There were 2 other properties (duplexes and multi-family) sold in Key West during both February 2012 and in February 2011.

As the graphs comparing sales from January to December show, now is the perfect time for buyers and sellers to take advantage of this market! I'm ready to assist with my knowledge of Key West and my extensive real estate experience. Give me a call today. Jimmy Lane: 305-766-0585 or contact me online at http://www.jimmylane.com

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It may seem a little early to be talking about the 21st annual “Meeting of the Minds”, which doesn’t happen until November 1 – 4, 2012. But if you have ever been in Key West while one of their meetings is going on, you’ll understand. Registrations for this super event opened in January for good reason!

If you want to be part of the fun you will need to get yourself in gear early if you are not already a member of an official Parrot Heads in Paradise organization. Only registered members can attend AND participation is limited this year to 3500 registered attendees. See why I’m saying to get things rolling NOW if you want to attend? Registration is $75/person but kids under the age of 12 can attend free. There will be no onsite or at the door registration. Pre-register or forget it.

The theme this year is “Another Trip Around the Sun”. In case you aren’t familiar with the phenomenon, the “Meeting of the Minds” is the annual Jimmy Buffet Parrot Heads in Paradise event. If you don’t know who Jimmy Buffet and/or Parrots Heads in Paradise are, never mind. You obviously have not been on planet earth very long and you just wouldn’t get it!

The “Meeting of the Minds” isn’t just a gathering of Jimmy Buffet fans. These people descend upon us and spend much of their time in town actually contributing to the betterment of the community. They hold several competitions of varying kinds that contribute their proceeds to various local charities as well as stage their annual blood drive. These people don’t fool around!

Blood Drive

For the last five years, their blood drive has been the largest in the Keys put on by the Community Blood Center of Florida. Last year they collected an incredible 111 pints, yes that is ONE HUNDRED AND ELEVEN PINTS from the 120 attendees who attempted to give the “Gift of Life”.

Still not sure whether you want to attend? Go to their website and check out the line up of activities and then decide.

Toy Drive

This will be their fifth year supporting the Salvation Army of Monroe County, benefiting the children of Monroe County including Key West. Attendees are asked to bring an unwrapped toy (don’t forget batteries) or school supplies to donate when they register. Age groups requested are infant-toddler and teenagers. If you are driving down the Keys, stop at the Homestead Wal-Mart or the Key West or Marathon K-Mart to pick up toys or school supplies. Collection boxes will be in the registration area.

Put On Your Walking Shoes and Help Stomp Out Breast Cancer!!!!!

The convention is calling all Parrot Heads to come out and walk as "Team Parrot Head" to help raise money for a local Key West organization. The Zonta Club of Key West will be having their annual "ABC 5K Run/Walk" on Saturday, November 5th, 2012. This organization raises money to cover mammogram's, thin-prep pap tests, other diagnostic tests, and preventive measures for uninsured and underinsured women. Monroe County has some of the highest incidents of breast cancer, because of so many workers living there who have no healthcare. To find out more about Zonta Key West, visit http://www.zontakeywest.com.

Join the 9th Annual Official Parrot Head Southernmost Scavenger Hunt

Test your wits and have a BLAST on this whirlwind adventure featuring your favorite hot spots as well as some of the most unusual and exciting new places that Key West has to offer. Don’t miss out on the suspense, the fun, the thrills, and THE PRIZES!! The excitement begins at 12 noon on Saturday, November 5th, 2011 at The Conch Republic Seafood Company, 631 Greene Street, Key West. The event ends at 2:30 pm back at the starting location. Winners will be announced and prizes awarded by 3 pm.

Whether you’re a tourist, looking to move permanently to the Keys, or just someone who likes the beauty of nature, the great variety of amenities in the homes in our area are just more reason to want to live in beautiful Key West. If you’re interested in real estate in this attractive area, contact me, Jimmy Lane, at Key West Real Estate: 305-766-0585.

The Lower Keys real estate markets looks great compared to the numbers of one year ago. The number of properties actively listed this December was 272. There were 57 properties under contract to be sold with 16 being sold. In December 2010, the number of properties actively listed was 295, and the number sold was only 11. So, while there were 23 fewer properties listed this December, sales were higher than the 11 in 2010.

The average and median prices of properties sold show both increased from the same month a year ago. According to the December 2011 Lower Keys Real Estate Statistical Analysis published by the Key West Association of Realtors, the average price for all properties sold in the Lower Keys during December 2010 was $307,148.00, and in December 2011 the average price was $337,896.00, which is an increase of 10.0%. The median price of properties sold in December 2010 was $280,000.00, and the median price in December 2011 was $360,000.00, which is an increase of 28.6%. In December 2010 the average days on the market for properties in the Lower Keys was 99. This number declined to 87 for December 2011.

To break the numbers down into more detail: There were 13 single-family homes sold in the Lower Keys during December 2011, and the number sold in December 2010 was 9. There were no sales of condos/townhomes in the Lower Keys during either December 2011 and 1 in December 2010. The number of other properties (duplex, multi-units, and mobile homes) sold in the Lower Keys was 3 in December 2011 compared to 1 last year.

The average price of single-family homes sold in the Lower Keys during December 2011 was $403,792.00, which was an -21.8 % decrease from one year ago. The median price of $385,000.00 in December 2011 was a decrease of -11.5% from the $435,000.00 median price in December 2010. There were no condos/townhomes sold in December 2011. The average price of the 3 other properties sold in December 2011 was $272,000.00, and the median price was $385,000.00.

There were 161 active listings of single-family homes for sale in the Lower Keys this December. The active listings also included 12 listings for condos/townhomes, and 99 listings for other properties. Of the total 272 properties listed; 57 properties were contingent or pending at the time of the report and 16 were sold. One year ago there were 174 active listings for single-family homes, 18 for condos/townhomes, and 103 for other properties.

The buyer’s real estate scene and life are good in the Lower Keys! All of this adds up to GOOD reasons for you to consider property in the Lower Keys today. Give me a call. Jimmy Lane: 305-766-0585 or contact me online.

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During the month of December 2011, there were 438 properties actively listed in the Key West real estate market. Of these properties, 121 were contingent or pending on the last day of the month, and 48 properties had been sold. One year ago, during the month of December, the number of active listings was 516, the number of properties contingent or pending was 141, and the number sold was 37.

The Key West real estate market shows a positive trend when comparing the first eleven months of 2011 to the first eleven months of 2010. The number of active listings has decreased in the past month while the number of sales has increased. The average selling price decreased, and the median selling price increased in 2011.

The average price of properties has decreased but the median prices of properties sold this December were higher than a year ago. According to the December 2011 Key West Real Estate Statistical Analysis published by the Key West Association of Realtors, the average price for all properties sold in Key West in December 2010 was $414,208.67, and in December 2011 the average price increased to $451,581.67. The median price of properties sold in December 2010 was $353,583.33 and increased to a median price in December 2011 of $363,333.33.

To break the number of sales down into more detail: The number of single family homes sold in Key West during December 2011 was 216 and in December 2010 was 220. The number of condos/townhomes sold in Key West in December 2011 was 193, compared to 183 last December. There were 27 other properties (duplexes and multi-family) sold in Key West during December 2011, and 23 other properties sold in December 2010.

As the graphs comparing sales from January to December show, now is the perfect time for buyers and sellers to take advantage of this market! I'm ready to assist with my knowledge of Key West and my extensive real estate experience. Give me a call today. Jimmy Lane: 305-766-0585 or contact me online at http://www.jimmylane.com.

Check out 365 Things To Do In Key West and share the link with your friends!