YEAR-END
2017
FLORIDA KEYS REAL ESTATE MARKET REPORT
SINGLE FAMILY HOMES
OPEN WATER HOMES
2017 YEAR IN REVIEW
Bayfront, Gulf Front, Oceanfront, Open Water
SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET 2016
AVERAGE DAYS ON MARKET 2017
222
235
FEATURED PROPERTY
2016
2017
61
44
AVERAGE LIST PRICE
$2,044,995
$2,216,950
8.41%
AVERAGE SALE PRICE
$1,864,945
$1,961,034
5.15%
# OF SALES
-27.87%
OCEAN’S TWO ~ $5,500,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 3
CANALFRONT HOMES
2017 YEAR IN REVIEW
Canalfront, Lakefront, Plugged Canal
SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET 2016
AVERAGE DAYS ON MARKET 2017
157
160
FEATURED PROPERTY
2016
2017
171
162
-5.26%
AVERAGE LIST PRICE
$896,489
$904,931
0.88%
AVERAGE SALE PRICE
$842,814
$845,456
0.31%
# OF SALES
BEYOND THE PALMS ~ $685,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 4
NON-WATERFRONT HOMES
2017 YEAR IN REVIEW
AVERAGE DAYS ON MARKET 2016
SINGLE FAMILY HOMES
AVERAGE DAYS ON MARKET 2017
95
108
FEATURED PROPERTY
2016
2017
217
238
9.68%
AVERAGE LIST PRICE
$404,997
$447,796
10.57%
AVERAGE SALE PRICE
$386,383
$425,380
10.09%
# OF SALES
PRIVATE AND TOPICAL PARADISE ~ $495,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 5
CONDOMINIUMS
CONDOMINUMS
2017 YEAR IN REVIEW
Condo, Townhouse, Condotel
CONDOMINIUMS
AVERAGE DAYS ON MARKET 2016
AVERAGE DAYS ON MARKET 2017
124
167
FEATURED PROPERTY
2016
2017
181
157
AVERAGE LIST PRICE
$442,726
$461,733
4.29%
AVERAGE SALE PRICE
$420,113
$434,991
3.54%
# OF SALES
-13.56%
OCEAN FRONT AT SEA GULLS ~ $479,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 7
MANUFACTURED HOMES
WATERFRONT MANUFACTURED HOMES
2017 YEAR IN REVIEW
Bayfront, Gulf Front, Oceanfront, Open Water, Canalfront, Lakefront
AVERAGE DAYS ON MARKET 2016
MANUFACTURED HOMES
AVERAGE DAYS ON MARKET 2017
106
119
FEATURED PROPERTY
2016
2017
46
41
-10.87%
AVERAGE LIST PRICE
$379,735
$431,318
13.58%
AVERAGE SALE PRICE
$406,922
$394,573
-3.03%
# OF SALES
ISLAND GETAWAY ~ $549,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 9
NON-WATERFRONT MANUFACTURED HOMES AVERAGE DAYS ON MARKET 2016
MANUFACTURED HOMES
2017 YEAR IN REVIEW
AVERAGE DAYS ON MARKET 2017
133
105
FEATURED PROPERTY
2016
2017
50
44
AVERAGE LIST PRICE
$173,896
$212,161
22.01%
AVERAGE SALE PRICE
$160,769
$197,073
22.58%
# OF SALES
-12%
PEACE & QUIET IN TAVERNIER ~ $360,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 10
VACANT LAND
WATERFRONT VACANT LAND
2017 YEAR IN REVIEW
Bayfront, Gulf Front, Oceanfront, Open Water, Canalfront, Lakefront
AVERAGE DAYS ON MARKET 2016
VACANT LAND
AVERAGE DAYS ON MARKET 2017
288
266
FEATURED PROPERTY
2016
2017
39
39
AVERAGE LIST PRICE
$316,597
$555,928
75.59%
AVERAGE SALE PRICE
$274,032
$511,177
86.54%
# OF SALES
BEAUTIFUL WATERFRONT LOT ~ $850,000 NOTE: 100 Sapodilla Dr sale for $13,380,000 excluded as it is a redevelopment of parcel made of several properties and is not a normal sale.
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 12
NON-WATERFRONT VACANT LAND
2017 YEAR IN REVIEW
AVERAGE DAYS ON MARKET 2016
VACANT LAND
AVERAGE DAYS ON MARKET 2017
197
198
FEATURED PROPERTY
# OF SALES
2016
2017
112
86
-23.21%
AVERAGE LIST PRICE
$96,225
$114,198
18.68%
AVERAGE SALE PRICE
$83,224
$105,419
26.67%
60x100 LOT IN KEY LARGO ~ $69,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 13
COMMERCIAL PROPERTIES
COMMERCIAL PROPERTIES
2017 YEAR IN REVIEW
AVERAGE DAYS ON MARKET 2016
COMMERCIAL
AVERAGE DAYS ON MARKET 2017
420
297
FEATURED PROPERTY
2016
2017
13
15
15.38%
AVERAGE LIST PRICE
$933,308
$2,690,793
188.3%
AVERAGE SALE PRICE
$872,115
$2,445,333
180.4%
# OF SALES
HUGE COMMERCIAL PROPERTY ~ $4,395,000 NOTE: Please note the sale of 4 Motel/Hotels ranging from $3,500,000 to $11,000,000
All data is from the The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Properties are from MM 60 to 106, Upper Keys only.
AMERICAN CARIBBEAN REAL ESTATE 15
LET US OPEN THE DOORS TO THE FLORIDA KEYS REAL ESTATE MARKET
We have two locations to better serve you 305-664-4966
305-451-4078
81800 Overseas Highway 99900 Overseas Highway Islamorada, Florida Keys Key Largo, Florida Keys
www.AmericanCaribbean.com ~ FB.com/AmericanCaribbean