According to the Zillow Home Value Index, Key West was one of only two regions in the area to show a gain in home prices and home values year over year in the last report of March 2011. The other being Chokoloskee based on limited sales data.
Does the move indicate a turnaround or is it a dead cat bounce as they say in the stock market? Stay tuned.
Region Y-o-Y change
Monroe Y-o-Y change -3.2 %
Big Coppitt Key Y-o-Y change -3.2 %
Big Pine Key Y-o-Y change -7.7 %
Chokoloskee Y-o-Y change +5.4 %
Islamorada Y-o-Y change -4.7 %
Key Colony Beach Y-o-Y change -3.8 %
Key Largo Y-o-Y change -14.2 %
Key West Y-o-Y change +7.0 %
Marathon Y-o-Y change -7.1 %
Summerland Key Y-o-Y change -3.5 %
Tavernier Y-o-Y change -4.2 %
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