Florida Keys residential market rebounding

There were a total of 1,782 residential sales in the Florida Keys in 2010, a 14 percent increase over 2009, according to the latest report from Coldwell Banker Schmitt Real Estate. The total value of the sales was also up, by 14 percent, to $745.2 million. The average sale price did fall 8 percent however, to about $418,000 per home. The Middle Keys market, from the 7 Mile Bridge to Long Key, had the biggest increase, with 332 sales in 2010, a 42 percent jump over the previous year, to $158.7 million. Key West had the biggest dollar volume of sales at $241.5 million. TRD