The Perdido Key real estate market continues its upward climb this year with a 15% increase in number of sales over 2021. New single-family home construction by DR Horton is the primary catalyst for this sales increase. The homebuilder has closed 56 new homes on the island this year, primarily within the new community of Serenity (off River Road) as well as Lost Key Golf & Beach Club. Single-family home prices are up 15% year over year.
Lost Key villas and townhomes continued their unprecedented increase in value with prices up 26% from this time last year. That said, those upward pricing trends are starting to level out (and even drop) as inventory has increased and Buyers have more choices. Condominium prices in Lost Key are up 17% from last year
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