Upper Keys Luxury Homes for Sale

What's New August 2022

Upper Keys Luxury Real Estate Forecast

The Upper Keys luxury real estate forecast is bright, particularly for the near-term future. The market remains quite active, despite it not being at the height of the season. And, it could crank up again in 2023, when the buying and selling season begins next year. At this time, the market is very strong and doesn’t show many signs of slowing dramatically. So, read on to learn more about the Upper Keys luxury real estate forecast and what you can probably expect.

The Upper Keys luxury real estate forecast is on track to either set a record or match some of the hottest years in history. Right now, the luxury market is enjoying a good run. Presently, the median list price in the area stands at just over $1.2 million, with a median listing price per square foot of almost $730. Currently, the median selling price comes in at a little over $803,000, these figures representing an increase of nearly 39% in a year-over-year comparison.

Other important figures include the sale to list price ratio, which is an impressive 95%, meaning homes are selling for just under 3% of their asking price. The median days on the market are also fairly short, at just 55 days, or slightly less than two months. Meanwhile, the Upper Keys market continues to favor sellers over buyers (although it isn’t an actual seller’s market). However, these numbers will change over the coming months, especially during the winter months, when sales are generally slow.

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