Ep. 10 The Coconut Wire - What's Hot Marathon Homes Florida Keys July 3, 2026

Title: Florida Keys Real Estate Market Action – July 2026
Host: Margie Casey of Florida Keys Real Estate Group

Episode Segments
Marathon Real Estate Market Analysis

Number of homes that closed last week vs week before (00:25)
Number of homes under contract  (00:38)
Days on Market (00:49)
Number of new listings in the Middle Keys vs week before (1:02)

Price reductions this week (01:04)
Expired Listings (01:18)
Total number of homes for sale in the Middle Keys - trend  (01:29)

Deal of the Week - Two Oceanfront Townhomes (01:55)

What makes this the Deal of the Week! 

Closing  (03:29)

Read our full commentary about Marathon Florida, click below: https://www.floridakeysrealestategroup.com/communities/marathon-real-estate

Contact 
Margie Casey | The Brenner Scheel & Casey Team
305-783-3395

flakeysrealestategroup@gmail.com

Transcript

SPEAKER_00 0:00

Welcome back to the Coconut Wire, your pulse on the marathon real estate market, right here in the Middle Keys. I'm Margie Casey of the Brenner Shale and Casey team of Florida Keys Real Estate Group, your experts here in the Florida Keys. If you're new here, this is the show where we cut through the listing photos and just reduced banners and tell you what's actually happening in our market. Let's get into it. Here's what's moving through the wire this week in Marathon. Closed sales are down. Our 13-week average has been sitting at eight closings a week. Last week, just five. That's a real dip, not just noise. Homes under contract, the 13-week average is 38. This week we came in at 36. So basically flat. The buyers are still out there signing contracts, they're just not closing as fast. Days on market is climbing. We've been averaging 126 days over the past 13 weeks, and last week jumped from to 143. That tells us the market's slowing down a little bit, which, if you've been in the keys in the summer, you know this is completely normal. Price reductions are actually down. Good sign. The average has been nine a week, and this week there were only four that took a price cut. That's a good sign for sellers. It means you're either holding firm or you are pricing your home correctly right out the gate. Expired listings ticked up this week. We averaged six a week over the past three months, and last week we saw eight. A few more homes didn't sell in the window the sellers hoped for. Inventory is tightening slightly. The average has been 374 homes on the market, and last week we counted 356, and of course, this is mile marker 47 to 68. Slightly lower, it's a small sign that the inventory is easing rather than piling up. New listings are holding steady, averaging 11 a week over the past three months, with 12 new listings last week. Not much change. Now let's get to my favorite part of the show: the deal of the week. Smack dab in the middle of Marathon on the Gulf Side, there's a gorgeous resort-style community called Tranquility Bay with white sandy beaches and sunsets that'll stop you in your tracks every single night. We have a unit in there listed, number 22 for 849,000, a three-bedroom, two-bath overlooking the adult resort pool, which is stunning. But that's not the deal of the week that I noticed. We found out there's a highly motivated seller who has two waterfront townhomes in the community and wants them sold. Comparable units in this community are selling for 1.25 million, but they listed these in the mid-800s each. That's a meaningful gap, and it means it's the kind of deal that doesn't sit on the market long once buyers find out about it. If you haven't explored this community, here's a taste of what you're buying into. When you own a Tranquility Bay, they have a 2.5-acre white sandy beach, genuinely one of the most beautiful white sandy beaches in the Middle Keys overlooking the Gulf. There's multiple pools, including an adult-only pool, which is gorgeous. They have fitness amenities, two restaurants on site, and a tiki bar right out on the ocean. Of course, they have kayaks and different kinds of rentals and volleyball courts and all kinds of things, putting green spa services and boating services nearby. On-site management handles most of the heavy lifting here, but keep in mind every townhome in the community is required to be in the rental program with owner usage capped at 35 days a year, which can be used nightly, weekly, or monthly, so you can spread it out, and that works perfectly for many people. This is an income-producing property as much as it is a beach home. If you're in town for the weekend, please give us a call and ask for me, Margie Casey. I'd love to walk you through it. The best way to reach me is at 305-783-3395. Call me. Seriously. Remember, not everything that comes that's for sale comes on the public market. In fact, we have a portfolio of off-market properties with sellers who prefer to market their homes privately. Be sure to ask us about that. If the show helps you make sense of what's happening in the marathon real estate market, or if it makes your commute a little bit more interesting as you're listening to it on the road, here's how you can pay it forward. And it costs you nothing, but it helps me. Download the episodes so you've always got it on hand. Like it when you're listening to it, whether it's Spotify, Apple, YouTube, or anywhere, and or save the episode for later if you're not ready to make a move yet. Trust me, you will want to come back to this show later and refer to it in all the details. And most importantly, share it with a friend. Maybe somebody in your life is thinking about buying or selling or just wondering what their place down in the keys is worth. Send them this episode and have them talk to us. The Brenner Shale and Casey team has deep roots here in the Middle Keys, and we've sold over $600 million in real estate here. We're here to help. That's a wrap on the Coconut Wire as always. If you have real estate questions, if you want to talk without any pressure, whether you're thinking of buying or selling anywhere, I'm your person. I'm Margie Casey, your host, and I'm with the Brenner, Shale and Casey team. You can find me online, you can give me a call, or just stop by our office in Marathon, right in the middle keys. We are here, we are local, and we know these waters. Until next week, keep living the keys life, and we'll see you on the Coconut Wire.