Key West Residential Sales Up Again, Says Market Leader Rudy Molinet
/EINPresswire.com/ Home prices increased 30% last month in Key West and reflect stability and growth, says Realtor Rudy Molinet, whose individual total sales figures markedly dominate the residential market of the Southernmost City. Molinet is bullish about the residential market in Key West.
Market statistics for sales in residential real estate in Key West continue to reflect recovery and stability. In February, single family home prices were stable, at .2% higher than February 2011, condos were off 8.4% for the same period, while sales of "other" properties, which includes duplexes, half duplexes and 3-4 unit properties was 140% higher than February 2011, making total sales for the month nearly 30% higher than one year ago, according to the Key West Realtors Association.
In January 2012, Key West recorded very strong sales figures; the average selling price of single family Key West homes for sale was $634,306.00, an increase of 20.8% over the same period a year ago. In December 2011, average residential sold prices increased 23.8% compared with December 2010.
"We are very encouraged by the trends we've tracked for the past 9 months," says Broker Rudy Molinet. "We are bullish on Key West and feel there will be no better time to buy."
Molinet, the Broker for Marquis Properties, is the sales leader for the market.
With Key West residential sales totaling more than $10.39 million for the first two months of 2012 and days on market averages at half the market average, Key West Broker Rudy Molinet leads home sales in Key West, Florida. The next highest sales total was $2.84 million. Market wide sales for January and February totaled $62.6 million. With nearly 400 realtors in Key West, Molinet's 16.6 % market share is quite impressive.
Rudy's average was 58 Days on Market (DOM) for properties sold during January and February of 2012 -- just less than half the DOM for the entire residential market, which was 120 days for the same period. These figures are not out of the ordinary for Molinet: for the entire year of 2011, Molinet's sold properties averaged 68 DOM, one half the Key West market average of 136 days on the market.
Molinet attributes his success to dedication, long hours and knowledge of the market.
"It's pretty simple: price listings to sell," Molinet says. "And when you work with buyers, provide them with market information to support the listing price. Of course, you have to follow through with marketing expertise, many hours of hard work, aggressive advertising and an enhanced presence on the internet."
Read all of Molinet's Key West real estate market reports in his blog; buyers may find all area listings in the Key West MLS Search tool on the website.
About Marquis Properties Realty
Marquis Properties Realty is a "boutique" real estate firm located in the heart of Old Town Key West, co-owned by Broker Rudy Molinet and his partner Realtor Harry Hoehn. The agency specializes in historic homes in Old Town, Truman Annex and the Casa Marina district. The firm's sales figures reflects a consistent record for total sales city wide for 2010 and 2011. Company Broker Rudy Molinet was awarded Realtor of the Year 2010 by his peers. The office phone number is (305) 295-6565, and Rudy's direct line is (305) 240-1090. Company website: http://www.rudymolinet.com.
Media Contact:
Rudy Molinet
Marquis Properties Realty
305-240-1090
http://www.rudymolinet.com
PR courtesy of Online PR Media: http://bit.ly/ybg2MM
Market statistics for sales in residential real estate in Key West continue to reflect recovery and stability. In February, single family home prices were stable, at .2% higher than February 2011, condos were off 8.4% for the same period, while sales of "other" properties, which includes duplexes, half duplexes and 3-4 unit properties was 140% higher than February 2011, making total sales for the month nearly 30% higher than one year ago, according to the Key West Realtors Association.
In January 2012, Key West recorded very strong sales figures; the average selling price of single family Key West homes for sale was $634,306.00, an increase of 20.8% over the same period a year ago. In December 2011, average residential sold prices increased 23.8% compared with December 2010.
"We are very encouraged by the trends we've tracked for the past 9 months," says Broker Rudy Molinet. "We are bullish on Key West and feel there will be no better time to buy."
Molinet, the Broker for Marquis Properties, is the sales leader for the market.
With Key West residential sales totaling more than $10.39 million for the first two months of 2012 and days on market averages at half the market average, Key West Broker Rudy Molinet leads home sales in Key West, Florida. The next highest sales total was $2.84 million. Market wide sales for January and February totaled $62.6 million. With nearly 400 realtors in Key West, Molinet's 16.6 % market share is quite impressive.
Rudy's average was 58 Days on Market (DOM) for properties sold during January and February of 2012 -- just less than half the DOM for the entire residential market, which was 120 days for the same period. These figures are not out of the ordinary for Molinet: for the entire year of 2011, Molinet's sold properties averaged 68 DOM, one half the Key West market average of 136 days on the market.
Molinet attributes his success to dedication, long hours and knowledge of the market.
"It's pretty simple: price listings to sell," Molinet says. "And when you work with buyers, provide them with market information to support the listing price. Of course, you have to follow through with marketing expertise, many hours of hard work, aggressive advertising and an enhanced presence on the internet."
Read all of Molinet's Key West real estate market reports in his blog; buyers may find all area listings in the Key West MLS Search tool on the website.
About Marquis Properties Realty
Marquis Properties Realty is a "boutique" real estate firm located in the heart of Old Town Key West, co-owned by Broker Rudy Molinet and his partner Realtor Harry Hoehn. The agency specializes in historic homes in Old Town, Truman Annex and the Casa Marina district. The firm's sales figures reflects a consistent record for total sales city wide for 2010 and 2011. Company Broker Rudy Molinet was awarded Realtor of the Year 2010 by his peers. The office phone number is (305) 295-6565, and Rudy's direct line is (305) 240-1090. Company website: http://www.rudymolinet.com.
Media Contact:
Rudy Molinet
Marquis Properties Realty
305-240-1090
http://www.rudymolinet.com
PR courtesy of Online PR Media: http://bit.ly/ybg2MM
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