Blog
The number of single family homes sold in Old Town continued a steady-to-up pace in July with 16 homes sold against a 5-year average for July of 10 sold.  Likewise the avera... read more >
Posted: Aug 06, 2015
The average sale price for a single family house sold in the Old Town area in the 2nd Qtr of 2015 was $1,098.000. This is the highest quarterly average sale price since $1,256,00... read more >
Posted: Jul 04, 2015
Some people claim Key West is headed for a bubble.  I say no. The 2004 - 06 run up and burst was caused by easy money. Prices rose rapidly. Diminishing sales could not suppo... read more >
Posted: Jun 03, 2015
Sixteen single family homes sold in the Old Town area in April at an average sales price of $1,002,000! The price per square foot of $696 was 30% above the 2010-2014 average. Thi... read more >
Posted: May 05, 2015
Key West has Luxury, Upscale, Mid-Priced, Economy and Guesthouse and B&B accommodations. In 2014, Guesthouses and B&B's had the second highest increase in both Averag... read more >
Posted: Apr 09, 2015
Old Town sales of single family homes continue a steady climb.  Number of Old Town homes sold this quarter (46) is up 24% over the 1st Quarter of 2014 and the highest record... read more >
Posted: Apr 01, 2015
After 62 months, sales of single family homes in Old Town continue to show strength, not only in sales and prices but in listings coming to contract as Expired and Cancelled list... read more >
Posted: Mar 05, 2015
A national marine treasure lays just 70 miles west of Key West.  Accessible by seaplane or boat, the Dry Tortugas National Park is a treasure not to be missed on any trip to... read more >
Posted: Feb 06, 2015
Traditionally, January sales (closings) are few.  December is not a big month for contracts, so January usually has little to build on.  Since 2011, January has average... read more >
Posted: Feb 04, 2015
​Old Town Key West contains several micro neighborhoods. One of the nicest of these is called The Meadows. (Map here). The Meadows is entirely residential and is criss-cros... read more >
Posted: Jan 27, 2015
Key West real estate prices hit their peak in 2005/2006.  Then, Ka-Boom! Prices fell 50%, bottoming in 2009/2010.  Since then EVERY home property type has rebounded.&nb... read more >
Posted: Jan 04, 2015
I own a 1987 BMW M6, aka the Bavarian Ferrari. The car had a right front brake caliper problem. A friend who is a mechanic at an area Lexus dealership said to bring it in and he ... read more >
Posted: Dec 29, 2014
Every January for the past 28 years Key West has hosted North America’s premiere winter regatta – Quantum Key West Race Week.  For January 2015, racing in Key We... read more >
Posted: Dec 10, 2014
November sales of single family homes in the Old Town area took a breather with only seven closings.  It is not unusual for November to be a slow month.  Since 2010, cl... read more >
Posted: Dec 01, 2014
Sales of single family homes in Old Town Key West continue their record pace of number sold and rising sale prices with each major bed & bath configuration moving higher thro... read more >
Posted: Nov 02, 2014
For the month of October I combined work and pleasure by visiting the fabulous country of Italy. For nine days I was a member of a group of 22 Brokers, Realtors and Senior Office... read more >
Posted: Oct 30, 2014
There can be no doubt that the buying and selling of American real estate is at an international frenzy. Whether as a second home, a safe haven investment, for fast-track citizen... read more >
Posted: Sep 20, 2014
Will Zillow devour real estate information or distribute it?  Will Zillow compel the National Association of Realtors (NAR) to become an Open Source for real estate informat... read more >
Posted: Sep 15, 2014
Old Town sales are half way through their fifth year of producing higher sale prices and, even more important, increasing number of sales. Steady, incremental sales of existing h... read more >
Posted: Sep 02, 2014
The mortgage interest deduction (MID) is one of the largest tax expenditures in the US tax code. Given the dissatisfaction with the US tax code overall and the huge federal budge... read more >
Posted: Aug 27, 2014
In a May 2014 report, the Consumer Finance and Protection Bureau (CFPB), criticized credit-scoring models, led by FICO, used by the financial industry, saying they put too much e... read more >
Posted: Aug 21, 2014
As noted last month, both number of sales and sale prices for single family homes in Old Town Key West hit 8-year highs. July continued that trend though sale prices did slack a ... read more >
Posted: Aug 07, 2014
Now that Federal legislation is in place to prevent onerous flood insurance rate increases on primary homeowners in flood prone areas, the task of updating Flood Insurance Rate M... read more >
Posted: Jul 24, 2014
Average sales price hits 8-year high. Record number of sales. For January - March and April to June, the average sale price for all the Old Town Key West single family homes sold... read more >
Posted: Jul 02, 2014
Guesthouses flourish in Key West.  Whether on the main street of Duval Street or in less hectic nearby neighborhoods, Guesthouses provide the personalized service that globa... read more >
Posted: Jun 23, 2014

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