Marathon is a charming tropical city located in the middle of the Keys island chain. It is a 10-mile long island that is extremely family-oriented. It also reflects the old-Keys lifestyle, a trait that residents and visitors enjoy and admire alike.
Imagine your perfect getaway location. Where would you want it to be? Well, for many, the tropical paradise of Marathon is the perfect place to call home. A great boating and family destination in the Florida Keys, it’s a wonderful place for a vacation home.
Marathon Real Estate
As with any type of real estate in Florida, beachfront homes can range in the millions and residences a few blocks away from the beach can be had for a great deal less. According to the latest statistics, the average list price is $449,000 and the median sales price is a not too distant $362,300. This shows that the sellers and buyers are fairly close in recognizing the value of homes.
Although home prices saw a huge decrease during the recession, prices have rebounded considerably. And many analysts are projecting another 5% – 12% increase in the next 12 months. And the amount of time that homes are sitting on the market has decreased, as well – just under 150 days. This has prompted many buyers who were on the sidelines to move back into the market and purchase in the past few months.
If you are considering buying a vacation home in Marathon in the near future, it might be in your best interest to make a purchase sooner rather than later. All indicators suggest that prices will only continue to rise.