Misty & I have been very busy since my last post. We had 4 of our listings close and 4 more go under contract. The activity is starting to seem more normal, except for the fact that we are still dealing with a lot of very low offers, which many are falling by the wayside. On the other hand we are pulling some of the deals together. The buyers that are working at it are making very good buys on the properties that are going under contract, but not the steals that most are trying for. The successful buyers will find it to be worth while when this market correction turns around and prices go back to normal.

National Real Estate surveys claim that waterfront properties nationwide will be the first to recover and expect those properties to increase in price by the end of this year. That puts the Florida Keys in a good position, our prices have been the lowest than any other areas in the Florida Gold Coast.

Lets see how Feb real estate stats ended up for the upper Florida Keys?

February closings have dropped slightly to 24 closings, but the volume is way down to $13,961,625 which is less than half of January's volume. The good news is that the pending listings rose to 50 in February. This should bring the volume up for March!