August 28th, 2010
If you are unaware of the facts and statistics about the Key West real estate market, the news over the past few days can seem depressing. Fortunately, Key West trends are much better than what is occurring nationally. The New York Times has reported that “housing sales have plunged 25.5% below the level of a year ago.” While it is true that sales in Key West decreased by 8.3% in July, the fact is that this represents a decrease of only 3 listings sold year over year. Moreover, median price of all sold listings in Key West increased 16.3% in July of this year over 2009. Our obvious model of low supply and high demand should ensure our continued improvement at a faster pace than most places. A decrease in inventory can be directly correlated to an increase in price; indeed, that is exactly what is happening in Key West on the low end of the spectrum with inventory down 22% in the 2nd quarter. Those considering a place in Key West should not be sitting on the fence any longer. The trends have been clear since early 2010 in our market. Waiting for the market to hit bottom is SO 2009, so do not miss the boat!
Tags: Homes for Sale in Key West, key west real estate
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August 19th, 2010
Aren’t we lucky to be in Key West? We can maximize our enjoyment of our tropical climate by planting tropical fruit trees right in our own backyard. Feeling the warmth of the sun and the balmy breeze year round has brought many of us here. Let’s maximize our enjoyment with healthy fruit that we grow ourselves. We have compiled a list of tropical fruits each with a link to the University of Florida’s IFAS Extension website with explanations on the plants and their care. Of course, there are many other fruit trees that grow in the Keys as well, such as the Sapodilla, Key Lime and other citrus trees which are more tolerant to lower temperatures. The trees listed below are truly tropical trees which can only survive in a tropical climate such as ours. We invite you to add to the beauty of Key West and to your garden with a tropical fruit tree. To your health!
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August 16th, 2010
The Key West Chamber of Commerce monitors the budgeting process of the local taxing authorities and encourages fiscal responsibility in local government. We have posted a link below to detailed explanations of the entire process that was prepared by the Chamber. You can get more information about the Key West Chamber of Commerce by clicking here.
Tags: Florida Keys Property Taxes, Key West Property Taxes, key west real estate
Posted in Florida Keys, Key West, Property Taxes | 2 Comments »
August 9th, 2010

When one thinks of Key West architecture, an image of elegant 19th century wooden homes with gingerbread is usually what comes to mind. Yet there is a different side to Key West—literally. To the east of the historic district and the Casa Marina area, are the neighborhoods of Mid-Town and New Town where many of the homes were constructed in the 1950’s. Most were built of concrete block and designed in post-war modernism. Their utilitarian design was a practical matter of the time, but is now sought after. With the heightened interest in mid-century design, these homes are going retro after years of bad renovations and neglect.
Since the housing crisis, Key West properties in Mid-town can sell in the $300’s—a relative bargain by Key West standards. Prices in these neighborhoods began rising again in early 2010 as inventory went down 22% year over year in the second quarter and the median price of a single family home rose 17.7% in July. Key West’s modern neighborhoods are ripe for investment. The inhabitants consist mostly of full-time, year round residents, although second home owners are increasingly becoming commonplace. Newcomers are discovering the uniqueness that is Key West, and they are finding that there are high design opportunities in its modern neighborhoods. The best news is that Key West real estate in these areas has become affordable– quite a contrast to the real estate boom days.
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July 12th, 2010
The Florida Keys Underwater Music Festival was held this past Saturday in the “oil-free” Florida Keys, just 30 miles from Key West. Click here to see the video.
Tags: Florida Keys Travel
Posted in Florida Keys, Florida Keys Environment, Key West, Key West Tropical Island, key west homes for sale, key west real estate | 1 Comment »
June 21st, 2010
Click here to see a video from Father’s Day in the Florida Keys and Key West.
Tags: Florida Keys Travel
Posted in Key West Tropical Island, tourism | No Comments »