Key Colony Beach, Near Marathon Airport Florida Keys

Florida Keys Market Update July 2020

 
 
 
Friends and Clients —

Nobody expected a real estate rebound quite like this.


As a result, we’re seeing a unique opportunity for anybody thinking of selling a home. We’ll explain what we mean in a second. First, let us give you the details:

1. A surge in demand

According to the National Association of Realtors, pending home sales spiked a stunning 44.3% in May compared with April.

That is the largest one-month jump in the history of the survey, which dates back to 2001. It blasted expectations of a 15% gain.

Additionally, 
our broker at our July 8th sales meeting, stated that in the 65 years of our company's existence, June of 2020 had the highest amount of properties go under contract ever in the company's history!

Of course, the reason behind this is the pandemic. Much of the housing market shut down entirely in April. Since this is normally the hottest part of the year for real estate, there is a tremendous amount of pent-up demand. But that's not all.

2. Ultra-low mortgage rates

Mortgage rates continue to hit new record lows.

The 30-year fixed mortgage rate currently stands at 3.03%, more than a half percent lower than a year ago.

Not surprisingly, this is creating even more demand, as buyers seek to take advantage of these historically low and favorable rates. There's only one thing standing in their way:

3. A lack of inventory

The inventory of homes for sale was low even before the pandemic hit.

It's even lower now since many sellers pulled their homes off the market and have been slow to list them once again.

The supply of existing homes for sale at the end of May was nearly 19% lower than the same time last year.

What does all this mean for you?

In short, it means we are back in a strong seller's market.

Pent-up demand and low mortgage rates mean there are many buyers on the market. On the other hand, low inventory means much of that demand is not being met.

As a result, prices are rising, bidding wars are becoming common, and homes are selling quickly.

If you were to sell in the current market, you'd have a great shot at selling for top dollar and in record time.

Like we said, right now might be a unique moment. It's not clear how long this situation will last. As more sellers start listing their homes, we're likely to have some balancing out between supply and demand.

If you are considering selling your home, you can start by simply finding out what you could get for it in the current hot market. An easy way to do this is with the following home value calculator, which takes into account recent Florida Keys
sales:

Enter your address here to find out what your home is currently worth

If you are curious about selling your home or simply have questions about the current
Florida Keys market, give either one of us a call.

Schedule a call with Ashkarian/Ardis Team
Lela: 305-395-0814 | Natalie: 305-481-3317  
https://calendly.com/lelarealtor or 
https://calendly.com/natalieardis


Or visit www.SearchFloridaKeysHomes.com/sell

We're talking to buyers and sellers all day long, and we have a great feel for changing market conditions, which we are happy to share with you.


Have a great day,

Lela Ashkarian & Natalie Ardis
 
 
When a listing becomes canceled or expired, it can tarnish the property, but with the right plan moving forward, it doesn't have to. By FOCUSING on what prevented the sale, we can build a strategy that will revitalize the listing. Our approach has been proven time and time again to successfully sell canceled and expired listings, and we can do the same for you. Don't let your prior experiences deter you from getting your property SOLD. It only takes one buyer to make a deal happen. We know how to find that buyer and get the deal that you deserve. Call us today!

Schedule a call with Ashkarian/Ardis Team
 
Twitter Facebook LinkedIn YouTube
Looking to buy a home?
Search All Homes
Looking to sell a home?
Home Value Report
 

SUBSCRIBE TO MY BLOG VIA EMAIL

Enter your email address:

Delivered by FeedBurner

 
 
 
Facebook Linked In YouTube My Blog Trulia Active Rain

Now really Do you want to Find and Move in Florida Keys?

Remember ---what you think about, you talk about, you bring about. Don't! keep me a secret..Right Now, take out your cell phone, look up my number  305-395-0814  and give me a call, Have the best day of your life

 Photobucket

Lela Ashkarian, PA, CRS, GRI, e-PRO

Coldwell Banker Schmitt Real Estate

International President's Circle

11050 Overseas Highway

Marathon, Fl 33050

305-395-0814

lela@coldwellbanker.com

 
P.S.My Purpose is for you to be so outrageously happy with the help I provide you that you'll gladly introduce me to at least two people you really care about before I even sell your home/help you buy a new home.  Not because you feel obligated, but because you truly believe they will benefit.

 

Find Lela on Google+

Comment balloon 0 commentsLilas "Lela" Ashkarian • July 10 2020 04:42PM
Florida Keys Market Update July 2020
share
Friends and Clients — Nobody expected a real estate rebound quite like this. As a result, we’re seeing a unique opportunity for anybody thinking of selling a home. We’ll explain what we mean in a second. First, let us give you the… more
Your Home Sold at Your Price
share
GOOD NEWS ABOUT YOUR HOME Your Home Sold At Your Price To discuss the sale of your home call us at 305-395-0814/305-481-3317 According to a recent survey by the MLS, 78% of all homes did not sell with the agent the sellers chose to list for… more
Do You Know About your Agent
share
Your Real Estate Consultant Ashkarian/Ardis Team Click HERE Keys To Selling your House Virtually WHAT WE WILL DISCUSS TODAY Based on my experience, there are 3 critical areas most sellers want to discuss: • What I’m going to do to expose… more
Unique Florida Keys Property Promotion
share
We are Here to Help Clients and friends, We just want you to know we're here to help… Our phone numbers are: Lela: 305-395-0814Natalie: 305-481-3317 Our hearts go out to our families with children with schools shut down, our seniors in… more
How Much is My Home Worth in Marathon Florida Keys?
share
How Much is My Home Worth in Marathon Florida Keys? Have you had any thoughts of Selling in 2019/2020 more
Recession! Everybody is talking about it
share
3 Reasons This is NOT the 2008 Real Estate Market. Are you Currently Living in your Dream Home? and Have you had any thoughts of Selling in 2020? No one knows for sure when the next recession will occur. What is known, however, is that the… more
What Will Home Prices Look Like by 2023
share
Your input and opinion count. Home prices will continue to rise throughout 2023. This means that now is a great time to sell! If you're thinking of listing your home, let us help you find the Top Producer in your neighborhood to determine your best… more
Houses Show Better When Decorated for the Holidays
share
Houses Show Better When Decorated for the Holidays Sellers need a little perspective to help them understand why listing now can benefit their bottom line. Here are 10 reasons Sellers Should list during the Holiday Season 1. People who look for… more
Behind the Scenes of a Chef and A Realtor!
share
Behind the Scenes of A Chef and A Realtor 305-395-0814 Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO Within the hospitality industry, restaurant staff members refer to their workplaces as "The House. " In many ways, a restaurant is a house;… more
Secret Sauce of Marketing Your Home
share
Are Your Dreams Impossible? Find out how much your home is REALLY worth today. NOW is the time! Have you considered selling your Middle Keys Property in 2019? No more working with JUST an agent. Ashkarian/Ardis Award-Winning Marketing Team is what… more