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Median Sale Price (St. Armands Key)
Median Sale Price (Lido Key)
Median Sale Price (Bird Key)
In November 2023, the real estate market in St. Armands experienced a significant decrease in home prices, dropping by 68.0% from the previous year, with homes selling at a median price of $660K. This downturn is further highlighted by the longer time homes spent on the market, averaging 27 days compared to just 3 days in the same period last year.
Additionally, the number of homes sold in St. Armands in November has decreased, with only 1 home sold last year compared to 4 homes sold in the same month last year. This trend suggests a slowing market in St. Armands, with both reduced demand and lower prices.
In November 2023, the housing market in Lido Key showed a remarkable increase in property values, with home prices soaring by 366.7% from the previous year, reaching a median selling price of $3.7M. However, this surge in prices is accompanied by a significant extension in the time homes stay on the market, now taking an average of 104 days to sell compared to just 30 days last year.
Despite the higher prices, the number of homes sold in Lido Key in November decreased to 14, compared to 18 sold in the same month last year. This indicates a market where high demand is driving up prices, but the higher costs and longer selling times are impacting the volume of sales.
Contact us today to explore what St. Armands / Lido Key / Bird Key real estate market has to offer!
Kathy Callahan wants to help each of her customers with everything they might need when it comes to buying or selling a home. She cares about each of her clients as a friend, and her services reflect that dedication. Give her a call today to see what she can do for you.