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Keys Real Estate going off

Old 06-05-2020, 04:25 PM
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Default Keys Real Estate going off

Broker friend of mine called me today and every property he has a listing on has offers..even those that have languised for 6 plus months... and his friends are saying the same thing..I wonder if it will continue
Old 06-05-2020, 04:56 PM
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People want to live away from city centers, same holds true in country settings.
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Old 06-05-2020, 05:37 PM
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Pinecrest has exploded in Miami. New Yorkers and those done with condo living pressing hard. homes that were 1.2m in January selling and closing at 1.5-1.7m.
Saw some places today in key colony but limited inventory . Interesting times.
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Old 06-05-2020, 05:48 PM
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Default real estate

Florida is getting over run. I think its because no one wants to fly yet?
Old 06-05-2020, 06:03 PM
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My mom is in real estate down there. Minimal inventory. Lots of action.

5 listings for sale on my street. Most are overpriced though.
Old 06-05-2020, 06:24 PM
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Same in Naples. Some of the best 2+ months I’ve ever had business wise. People from the northern cities with plenty of money or can work from home are like “wtf are we doing here?”. Lockdowns, riots, crappy weather etc. What a mess.
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Old 06-05-2020, 08:16 PM
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It will likely continue for some time. There is a limited inventory of homes. Prices little by little will creep up, people want to have a place to escape. And with the fear that there could be another wave, lots of buyers want a little piece of paradise.

Old 06-06-2020, 04:14 AM
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The 2023 moratorium on building permits should help existing home sales as well.
Old 06-06-2020, 05:37 AM
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Originally Posted by lobsdiver1 View Post
The 2023 moratorium on building permits should help existing home sales as well.
I wish they would do that for the entire state. This place is gonna be the next hot spot.

I listed my recently passed fathers place 2 weeks ago 10% above comps and the home was dated to say the least. I had 7 offers and it went under contract the first day of the listing. One guess where the people are from?
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Old 06-06-2020, 06:01 AM
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Last I checked about 6 months ago the numbers were nuts: around 1,000 people move in to the state of Florida PER DAY. 350k +/- per year added to our states population. Yet all you seem to hear people bitch about is how batshit crazy Florida is.

No wonder there’s nonstop development of PUD neighborhoods with crappy construction and 4’ lot line to lot line spacing. And gee, wonder why the traffic has become some of the worst in the country? Sewer lines exploding, sea walls being breached and streets flooding, etc. My exit off 75 backs up for miles on the interstate because the off ramp was designed for about 1/10th of the traffic it gets daily. And let’s not even talk about the water quality or fishing stocks.

Infrastructure here is way behind the population increases were getting and it is only getting worse.
Old 06-06-2020, 06:57 AM
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Originally Posted by Burgmane View Post
Last I checked about 6 months ago the numbers were nuts: around 1,000 people move in to the state of Florida PER DAY. 350k +/- per year added to our states population. Yet all you seem to hear people bitch about is how batshit crazy Florida is.

No wonder there’s nonstop development of PUD neighborhoods with crappy construction and 4’ lot line to lot line spacing. And gee, wonder why the traffic has become some of the worst in the country? Sewer lines exploding, sea walls being breached and streets flooding, etc. My exit off 75 backs up for miles on the interstate because the off ramp was designed for about 1/10th of the traffic it gets daily. And let’s not even talk about the water quality or fishing stocks.

Infrastructure here is way behind the population increases were getting and it is only getting worse.
sounds like the Apollo Beach exit off of 75
Old 06-06-2020, 09:27 AM
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They just did that widening of 75 for a third lane in each direction and it's already not enough for the traffic flow. Crazy growth.
Old 06-06-2020, 11:05 AM
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Anyone notice all the new construction in marathon?
Old 06-06-2020, 11:07 AM
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Seems like Marathon has been nuts for several years. It’s getting too damn nice for me
headed down on the 16th to check it out.
Old 06-06-2020, 04:16 PM
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Tons of places being built all over island on any lot. 1M and up. Units on vaca 1.2m .
Old 06-06-2020, 05:40 PM
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Originally Posted by Rjh1960 View Post
sounds like the Apollo Beach exit off of 75
Bingo

Born and raised in Florida and I love it here. Lived in Alabama for several years and although it will always have a soft spot for me, I couldn’t live there full time. Florida is home but it’s getting weirder, more crowded, different every year.

I love reading Carl Hiassen books because he was bitching about the same stuff 30 years ago. It never ends here.

The keys were a frontier to me when I was a kid, now when I go some of the shit I see in the upper keys makes me sad. Still love it there, but it’s changing all the time.
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Old 06-06-2020, 05:47 PM
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It'll burst soon. Can't keep up this kind of inflated market. 9/10ths of all these homes here are garbage... with the worst construction standards I've ever seen. Even the new ones. It's what happen when you get workers from South Florida who don't have any pride.
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Old 06-06-2020, 07:52 PM
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Originally Posted by Burgmane View Post
Bingo

Born and raised in Florida and I love it here. Lived in Alabama for several years and although it will always have a soft spot for me, I couldn’t live there full time. Florida is home but it’s getting weirder, more crowded, different every year.

I love reading Carl Hiassen books because he was bitching about the same stuff 30 years ago. It never ends here.

The keys were a frontier to me when I was a kid, now when I go some of the shit I see in the upper keys makes me sad. Still love it there, but it’s changing all the time.
I want to find the "next" Florida Keys and move there!
Old 06-06-2020, 09:43 PM
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Originally Posted by FOODCHAIN View Post
I want to find the "next" Florida Keys and move there!
I think it’s SE Louisiana and I base this on never actually living there. Just looking at a map and the stories posted about the fishing...they have access to Pelagics, reds/trout inshore, etc etc. Relatively short drive to population center and miles and miles of wild untamed land. Deer and duck hunting in shouting distance too. No diving AFAIK unless you want to dive on the legs of oil rigs. There’s a reason they call La “sportsman’s paradise”. Coastal South Carolina fits some of this bill too.

It’s that or move to the Bahamas or somewhere else in the Caribbean. Which, yeah, sounds cool but...no.

The keys are/were one of a kind and if you want to move to the “next keys” we might as well save the ones we already have.
Old 06-07-2020, 08:01 AM
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I've been slammed with waterfront clients for two months now and it's only getting busier. I've adjusted my business to keep my clients safe from Covid by doing virtual Facetime walk-throughs for out of state clients to save them the initial trip to FL. Their response to it has been fantastic. Just wish I had more listings to show them. If anyone has a waterfront home they would consider selling between Stuart/Palm City all the way south to Ft Lauderdale, PLEASE send me a message. Thanks!

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