http://www.kellerporterteam.com/ The Islamorada Fl Real Estate Market,- Everything you need to know about Buying Homes and Condos in Islamorada Florida in the Keys.

1. The Islamorada real estate market is a complex one. And, with the aftermath of
Hurricane Irma, it only gets more complicated. But, that strange dynamic also
presents some really big opportunities. Islamorada, or Village of Islands, is quite
unique, even in the Florida Keys, because of its location.
Islamorada encompases five islands of the entire archipelago and is known far and
wide for its sport fishing and coral reefs. It’s also one of the most desirable
locations to live, not only in the Sunshine State, but all of Florida, and indeed, the
whole country. Of course, with its wonderful weather, its plethora of outdoor
recreation, and its outright stress-free charm, Islamorada is a great place to call
home. So, let’s take a look at the Islamorada residential real estate market and
how it’s performing, overall.
Islamorada West Real Estate Market
The Islamorada real estate market is very peculiar because of its location and it’s
many unique factors. Presently, home values, at-large, on are the rise. The post-
Hurricane Irma market showed some signs of pause but now it’s gaining steam.
Land continues to represent the single biggest challenge. But, that’s not all. There’s
still the matter of adopting new legislation which will surely change how property
investors view the chain of islands and beyond. Here’s a quick look at the current
Islamorada real estate market:
● Property values are on the rise and will increase further. It should come as
no surprise that property values in Islamorada and throughout the Florida
Keys continue to go up and up. While that certainly bodes well for
homeowners and sellers, it represents a challenge to buyers. Of course, the
quicker interested buyers jump in, the better. Homebuyers can then enjoy
the strong appreciation, along with the best of the Keys’ lifestyle.
● Land represents the biggest obstacle for more affordable housing. Although
Irma damaged a lot of properties across Islamorada, it didn’t produce more
land. Before the arrival of the tropical system, land was an issue. Now, it
remains an issue. But, developers are working hard to explore alternatives.
To improve the local economy, more entry-level and starter homes need to
be a part of the community. And, that just might become a reality in the next
several months.
● A possible new set of rental rules will bring more commerce to Islamorada.
Legislation is making its way to becoming a reality. Basically, current rules
disallow some forms of rentals. But, if some ambitious people get their way
and local, public sentiment remains strong, those rules would either loosen or
change. Keys’ homeowners want an exemption to make nightly vacation
rentals an option. That’s certainly a path toward a more prosperous

2. community. It would be a huge plus for the micro-economy in Islamorada, as
well as the whole island archipelago.
Of course, interest rates also play a big role in the local real estate market. Interest
rates, once at near-historic lows just a couple of years ago, are inching up, ever-so
subtly. This means homebuyers should act and act now because waiting will only
cost more over the long-term.