Marathon, Florida Real Estate Market Trends – Oct 2024
By Kelly Willey, Florida Keys Luxury Sales, Marathon, Key Colony
(Coco Plum Real Estate, Kelly Willey, FLORIDA KEYS)
Marathon, Florida Real Estate Market Trends – October 2024Market Overview: 10-year Growth: Home values in Marathon increased by 175%, averaging 10.65% per year. Current Prices: Mid-2024 average home price exceeds $1 million, driven by high demand for waterfront properties. Annual Price Increase: Prices rose 1.8% last year, outpacing other regions. Buyer’s or Seller’s Market? Seller’s Market: More demand than supply, particularly for waterfront and luxury homes. Popular Among Out-of-State Buyers: Interest from New York, Washington D.C., and Boston remains strong due to warm weather and outdoor lifestyle. High Prices: Waterfront homes, especially in areas like Coco Plum, often exceed $1.5 million. Investment Outlook:Strong demand and rising prices make Marathon an attractive option for in...
Comments
0