The Real Deal Miami

Keys see 20 percent sales jump

May 05, 2011 10:00AM

There were 20 percent more home sales in the first quarter of 2011 compared to last year in the Florida Keys, according to a report from Coldwell Banker Schmitt Real Estate in Islamorada. The total of 515 sales went for a value of $206.5 million, which was also a 20 percent jump from the previous year. The increase was led by the Upper Keyes, from Lower Matecumbe to Key Largo, which saw a 55 percent increase in sales with 160. The average sales price for the Keys increased by 1 percent to around $400,000. With the exception of Key West, all markets in the Florida Keys had increased sales. TRD