In spite of all the doom and gloom about the depressed real estate market in Key West, there are occasional bright spots. We had one over the weekend. And another office had an equally pleasing weekend as well.
I have written a couple of blogs about listings at 612 Olivia priced at
$3.2 million and 616 Olivia priced at $2.1 million. A single buyer purchased both homes over the weekend and will close within the next two weeks. I mention this because it reinforces what I previously wrote about certain segments of the market continuing to be strong. The high end homes always do well if they are in the right location.
Another big house at 620 Eaton that was originally priced at $8.5 million and reduced to $4.5 million also went under contract. That property was way over-priced when it was originally listed. It did not go down in value. There is a difference.
Another home I wrote about at 1400 Whalton that was priced at $2,995,0000 went pending yesterday. Whoever is buying this home is getting a bargain. It was under-priced so that it would sell this season. It is one of the most beautiful homes that I have ever seen. Anywhere.
I see each of these properties as a positive sign for continued positive sales opportunities for well located quality homes. Now, if the rest of the market would follow.
If you are looking to purchase a home in Key West, please CLICK HERE to search the mls website for all current mls listings. Then please consider giving me a call to help you find your next home, vacation home, or commercial property in Paradise. 1-305-766-2642.
2 comments:
Update on 620 Eaton. The contract to purchase fell apart and the huge property is now back on the market at a new, lower price of $3.9 million,.
http://keywestmls.rapmls.com/scripts/mgrqi
11-1-2007: this property finally sold for $3,300,000 on Oct 31st.
Post a Comment