Wednesday, May 1, 2024

Key West Housing Market: House Prices & Trends

buy house key west

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. All properties are subject to prior sale or withdrawal.

Key West, FL Real Estate and Homes for Sale

Everything seems to cost more on vacation, and the same can be true when you live in a destination spot. Each WEICHERT® franchised office is independently owned and operated. Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Emergency services are on the scene, local officials say.

New Listings for Sale in Key West

No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Related Searches in Key West, FL

Kaitlynn Copinger is a freelance writer based in Virginia Beach. She is a former newspaper reporter with more than a decade of professional writing experience. Having bought and sold one house, then relocating and purchasing another, Kaitlynn knows well the challenges and joys of home ownership.

Key West, FL Real Estate & Homes For Sale

Information deemed reliable but not guaranteed.Copyright © 2024 The Key West Association of REALTORS®. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. Real Estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing broker's office. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the MIAMI Association of REALTORS® from a copyrighted compilation of listings.

Homes for sale under $300k in Key West

Photos: Pumpkin Key, Florida private island for sale at $75 million - USA TODAY

Photos: Pumpkin Key, Florida private island for sale at $75 million.

Posted: Fri, 23 Feb 2024 08:00:00 GMT [source]

Nine different neighborhoods, each with their own character, make up Key West’s One Human Family. At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.

buy house key west

The median sale price of a home in Key West was $1.1M last month, up 8.6% since last year. The median sale price per square foot in Key West is $918, up 1.9% since last year. At least two people have been killed in another Russian strike, this time targeting the northeastern city of Kharkiv, local officials say. Plenty of people want to live in paradise, so you can expect strong competition to buy a house in Key West, especially during the high-demand winter season. A strong buyer’s agent will help you navigate the city’s hot market, while avoiding some of the pitfalls that can make living here challenging. In New Town, the housing stock is newer, yards are larger and prices are significantly lower than in Old Town.

And that’s what makes the home inspection so important. Some of the red flags Van Aller sees are termite infestations, spalling concrete, mold and mildew — and iguanas, which can damage both the house and the yard. An inspection should include a review of the house’s wind mitigation and the condition of the roof; both can be submitted to an insurance company to try to attain a more favorable rate. No matter where you buy a house in Key West, you’ll need to factor in upkeep. A Key West home must withstand the effects of a hot, humid climate and the damaging impact of wind and rain.

Recently sold homes

Other styles include shotgun houses, single-story cottages built by Cuban cigar barons for their workers, and Victorian-style homes. Many homes are painted in bright pastel colors, a nod to the Bahamian influence that still can be seen throughout the island. Located on the eastern part of the island, New Town includes shopping centers and grocery stores including Publix and Winn-Dixie. It’s also close to Key West High School, which rates as average compared to other schools in Florida. And if you are planning on traveling off the island regularly, New Town puts you right next to Key West International Airport. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

If you’re looking for a quiet residential spot where you can be part of Key West’s fascinating history, you might be interested in exploring the Truman Annex neighborhood. Formerly the site of a naval station, the area was redeveloped by a private investment company and completed in 1996, earning the 1994 Florida Design Arts Award from the Florida Arts Council. This upscale gated community has a mix of housing, including mansions and townhomes, and features manicured landscaping and interconnecting walkways that give it a park-like feel. Homes here tend to be larger than in Old Town, many with open water sunset views. Keep in mind that this neighborhood, which includes the well-trafficked Duval Street, is a top tourist draw, so you’ll have to contend with sunburned out-of-towners crowding you at the Green Parrot Bar.

Federal law prohibits discrimination on the basis of race, color, sex, religion, handicap, familial status or national origin in the sale, rental or financing of housing. There are currently 35 new listings for sale in Key West at a median listing price of $1.4M. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Key West stay on the market for 87 days. This map is refreshed with the newest listings in Key West every 15 minutes.

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The top 3% of Key West real estate agents handle an average of 404 properties and move them in 70 days. While Old Town draws the tourists, New Town houses the locals. With larger lots and lower prices ($502,223 is the average sold price in December 2020), this is where 75% of Key West residents live.

Those with deeper wallets can find ocean-facing condos in the Truman Annex neighborhood. The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches. Listing information courtesy of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.

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