2021 Third Quarter Market Report
Above: 620 Santa Anita Lane, Key Largo - $2,495,000 - Cover Home
WHO WE ARE
WHAT WE BELIEVE
For over 2 decades American Caribbean Real Estate has committed to being the leading real estate brand in the Florida Keys. Our Team is comprised of experienced, successful and dedicated real estate professionals who celebrate this extraordinary destination and offer a unique perspective regarding the benefits of the ideal Keys’s Lifestyle.
We focus on current market trends and continually strive to offered cutting edge marketing and advertising services. Our goal is to deliver extraordinary experiences to clients and exceed their expectations.
HOW WE BEHAVE We demonstrate our beliefs most meaningfully in the way we treat each other and by the example we set for one another. In all our interactions with customers, business associates and colleagues, we treat everyone with professionalism, preparation and exemplary service.
HOW WE SUCCEED As a market leader in the Florida Keys, we believe that the success of our organization is based on the value that we provide for our clients, community and agents. It is a valuedriven philosophy that has helped guide the successful growth of our organization.
Contents Oceanfront Single Family Homes page 4-7 Bayfront Single Family Homes page 8-9 Canalfront Homes page 10-13 Nonwaterfront Homes page 14-17 Manufactured Homes page 18-21 Condos & Townhomes page 22-25
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Open Waterfront Bay or Oceanfront Single Family
Above: Tarpon Point 11, Islamorada - $3,250,000
Top 209 E Carroll St, Islamorada - $7,990,000 Bottom Left 107 W Indies Dr, Ramrod Key - $1,199,900 Bottom Right Tarpon Point 10, Islamorada - $3,099,000
Oceanfront Homes Mile Marker 65 - 106
$3,094,833
31%
Average Sale Price
6
-65%
Homes Sold
103
-47%
Avg. Days on Market
15
15%
Number of New Listings
$3,213,893 Avg. List -17% Price
Key Largo Oceanfront Homes Mile Marker 92 - 106
$2,439,667
8%
Average Sale Price
3
-25%
Homes Sold
38
-79%
Avg. Days on Market
7
40%
Number of New Listings
$3,468,057 Avg. List 1% Price
Islamorada Oceanfront Homes Mile Marker 65 - 91
$3,750,000
57%
Average Sale Price
3
-79%
Homes Sold
168
-17%
Avg. Days on Market
8
0%
Number of New Listings
$2,991,500 Avg. List -27% Price
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Bayfront Homes Mile Marker 65 - 106
$5,507,500
40%
Average Sale Price
10
11%
Homes Sold
162
-17%
Avg. Days on Market
9
-31%
Number of New Listings
$8,372,778 Avg. List 133% Price
Key Largo Bayfront Homes Mile Marker 92 - 106
$2,816,667
-10%
Average Sale Price
3
200%
Homes Sold
82
105%
Avg. Days on Market
2
-60%
Number of New Listings
$11,145,000 Avg. List 259% Price
Islamorada Bayfront Homes Mile Marker 65 - 91
$6,660,714
650%
Average Sale Price
7
-13%
Homes Sold
197
-8%
Avg. Days on Market
7
-13%
Number of New Listings
$7,580,714 Avg. List 94% Price
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
100 Pirates Cove Dr Marathon - $2,150,000 Under Contract
Canalfront Single Family
Above: 100 Bayview Isle Dr, Islamorada - $3,950,000
Top: 24 Center Lane, Key Largo - $1,579,000 Bottom Left: 437 Laguna Ave, Key Largo - $2,239,000 Under Contract Bottom Right: 207 Sonny Rd, Tavernier - $899,000
Canalfront Homes Mile Marker 65 - 106
$1,540,120
48%
Average Sale Price
46
-44%
Homes Sold
45
-73%
Avg. Days on Market
74
0%
Number of New Listings
$2,424,088 Avg. List 55% Price
Key Largo Canalfront Homes Mile Marker 92 - 106
$1,366,960
36%
Average Sale Price
25
-40%
Homes Sold
33
-79%
Avg. Days on Market
42
40%
Number of New Listings
$2,721,869 Avg. List 50% Price
Islamorada Canalfront Homes Mile Marker 65 - 91
$1,746,262
62%
Average Sale Price
46
15%
Homes Sold
59
-65%
Avg. Days on Market
32
-20%
Number of New Listings
$2,033,250 Avg. List 55% Price
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Nonwaterfront Single Family
Above: 133 N Hamock Rd, Islamorada - $1,100,000
Nonwaterfront Homes Mile Marker 65 - 106
$689,112
26%
Average Sale Price
76
-15%
Homes Sold
63
-37%
Avg. Days on Market
71
-3%
Number of New Listings
$744,899 Avg. List 14% Price
Key Largo Nonwaterfront Homes Mile Marker 92 - 106
$601,363
31%
Average Sale Price
58
-8
Homes Sold
71
-22%
Avg. Days on Market
49
9%
Number of New Listings
$632,241 Avg. List 16% Price
Islamorada Nonwaterfront Homes Mile Marker 65 - 91
$971,861
27%
Average Sale Price
18
-31%
Homes Sold
36
-70%
Avg. Days on Market
22
-24%
Number of New Listings
$995,821 Avg. List 21% Price
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Top: 160 Coral Ave, Tavernier - $674,900 Bottom Left: 192 2nd Court, Key Largo - $749,000 Bottom Right: 917 Lobster Ln, Key Largo, $650,000
Manufactured Waterfront, Open, Canal and Nonwaterfront Manufactured Homes
Above: Calusa Campground Common Area
Top: Cover Home 622 Santa Anita Ln, Key Largo, $695,000 Bottom Left 158 Normandy Dr, Key Largo, $650,000 Bottom Right 154 Garden St, Tavernier, $284,900
Manufactured Homes Mile Marker 65 - 106
$384,855
22%
Average Sale Price
34
-32%
Homes Sold
63
-54%
Avg. Days on Market
37
-31%
Number of New Listings
$475,393 Avg. List 47% Price
Key Largo Manufactured Homes Mile Marker 92 - 106
$385,759
22%
Average Sale Price
33
-33%
Homes Sold
64
-52%
Avg. Days on Market
35
-30%
Number of New Listings
$481,701 Avg. List 49% Price
Islamorada Manufactured Homes Mile Marker 65 - 91
$355,000
48%
Average Sale Price
1
0%
Homes Sold
6
-98%
Avg. Days on Market
2
-50%
Number of New Listings
$365,000 Avg. List Price 18%
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Condos & Townhomes Waterfront, Open, Canal and Nonwaterfront
Above: Maisnon Residences 102 - $3,450,000
Condo/Townhomes Mile Marker 65 - 106
$625,028
34%
Average Sale Price
47
-26%
Homes Sold
39
-66%
Avg. Days on Market
62
-22%
Number of New Listings
$784,510 Avg. List -6% Price
Key Largo Condo/Townhomes Mile Marker 92 - 106
$592,819
20%
Average Sale Price
36
-3%
Homes Sold
48
-55%
Avg. Days on Market
34
-23%
Number of New Listings
$688,879 Avg. List 32% Price
Islamorada Condo/Townhomes Mile Marker 65 - 91
$730,436
70%
Average Sale Price
11
-59%
Homes Sold
12
-91%
Avg. Days on Market
28
-20%
Number of New Listings
$900,632 Avg. List 46% Price
All data is from The Florida Keys Board of Realtors Multiple Listing Service - Flex MLS. Residential Properties are from MM 65 to 106, Upper Keys only 2020 vs. 2021.
Top: Ocean Pointe 4407, Tavernier - $639,000 Bottom Left: Cheeca Lodge & Spa 745 & 744, Islamorada - $675,000 Under Contract Bottom Right: Plantation Villas C103, Islamorada, $375,000
The Realtors and Staff of American Caribbean Real Estate
Joy C. Martin
Carolyn Ambler
Amy Bruggeman
Terry Canto
Stephanie Clark
Angel DiGiorgio
Mike Diaz
Christine Garcia Castellanos
Doug Hill
Audrina Ennis
Pat Ketchum
Lorie LaLonde
Lorie Leal
Carlos Lorenzo
Jonathan Lorenzo
Mykeal Marinelli
Karan Moeller
Jessica Morris
Judy O’Hara
Betty Pfeifer
Susan Recarey
David Ritz
Eric Rizzo
Pam Roberge
Tom Rodriguez
Pam Sante
Kelly K. Shaw
Ken Smith
Joel Young
Maggie Garcia
Patricia Hann
Melissa Hogan
Melina Miller
Kenie Rodriguez
Trent M.P. Rhonda Shaw Simonds-Brewer
Islamorada Location
Key Largo Location 99900 Overseas Highway, PO Box 600
81800 Overseas Highway, PO Box 353 Islamorada, Florida 33036 Office: 305-664-4966 Fax: 305-664-8719
Key Largo, Florida 33037 Office: 305-451-4078 Fax: 305-451-5299
AmericanCaribbeanRE.com ~ facebook.com/americancaribbean
Our Community Involvement
Long Standing Leaders in the Real Estate Market and Community Leadership carries with it a responsibility to the community At American Caribbean Real Estate, we realize the more we put into our community the stronger we are as a whole. That’s why our agents and company work closely with several local charities and organizations. Our own in-house, not-for-profit organization is MarrVelous Pet Rescues & Adoptions, a volunteer animal rescue service.