- The Real Story Behind Florida Keys Investment Potential

Tuesday, 22nd May 2012

home about authors news books xml feed sitemap privacy contact us

There are 25 users online

Mortgages
Agents and Brokers
Commercial Real Estate
General
Home Buyers
Home Furnishings / Interiors
Home Owners
Home Related Services
International Real Estate
Local Real Estate News
Property Maintenance
Property Sellers
Real Estate Education
Real Estate Industry
Real Estate Investing
Real Estate Law
Rental and Income Property
Retirement-Senior Housing

Our Newsletter

Subscribe
Unsubscribe

Voting Poll

If you had $20,000 to spend, which room would you do a makeover on?
	Bathroom
	Family Room
	Kitchen
	Living Room
	Master Bedroom
	Other Bedroom
	Outdoor Kitchen

Other Resources

For other sources of real-estate news, tips, and information, visit our resources page

Submit an Article

Would you like to have your article posted? Click Here

The Real Story Behind Florida Keys Investment Potential
Added: 12/11/2006 Type: Summary Viewed: 437 time(s) [ Not Rated Yet ]

How would you rate this article: Bad Good Go ť

Printer Friendly Version

The Real Story Behind Florida Keys Investment Potential

When asked to explain, Brian Schmitt, CEO of Coldwell Banker Schmitt Real Estate Company in the Keys remarked: When we hear about the Insurance problems and Pricing that has occurred here over the last few years, it definitely has helped paint a doom and gloom picture of the Keys. However there are some interesting facts and figures that need to be looked at and understood.

First off, this year (2006) is the fourth best year for Real Estate sales in the Keys ever. Second, due to the actions of a Keys group called FIRM, the insurance pricing has stabilized and come down significantly. Third, prices have stabilized.

We still have some home sellers, however who are looking for inflated prices, but at the end of the day, the market drives all that. So, yes, there is more inventory, however the homes that are priced at market value are selling and will sell.

Last and most importantly, our environmental laws have placed severe restrictions on any new home construction, leaving only so many homes available. Looked at from another viewpoint, this is a definite benefit for the people lucky enough to buy here and is a benchmark that investors look for.

Article Pages: 1

Article Comments

Add Comment |

View All (0)

There are currently no comments for this article.

Advanced Search