To see Key West real estate with Jimmy Lane is to truly understand why Key West is so alluring to people around the world. Knowing that the island ultimately sells itself, Jimmy works to make the connection between buyers and sellers and the perfect piece of Key West real estate. As a leading Key West real estate agent, Jimmy combines his passion for Key West with a strong work ethic to help his clients reel in the results they want and deserve.
Jimmy Lane featured on HGTV's Bang For
Your Buck: Key West Vacation Rentals
If you want a local perspective on the island, get Jimmy talking about Key West. With its stunning sunsets, blue water, graceful palms, historic real estate and warm, welcoming atmosphere, it's easy to understand why Key West is such a desirable place to call home. If your dream home happens to be a Key West home, then Jimmy can help you locate the ideal Key West property for you and your family.
View beautiful Key West properties online and search Key West homes from your own home. Whether you're looking to buy a historic Key West home, a piece of waterfront Key West property or you want to sell a longtime residence, Jimmy has the local knowledge to help you catch the biggest opportunities and get the maximum return on your important investment.
Jimmy is a personable Key West real estate agent who works diligently in assisting buyers and sellers while embracing all that the Key West lifestyle has to offer from fishing and boating to biking and enjoying world-renowned restaurants. You owe it to yourself to work with a professional who brings Reel Opportunities and Real Results to your next move. Call or contact Jimmy today for a complimentary consultation.
Click here to view information on select homes, Key West real estate and properties in the Florida Keys, Truman Annex, Key Haven and other areas surrounding the Key West.
Quarterly Report
Key West Real Estate Market Report August 2010
The Key West real estate market was a mixed bag the month of July 2010. There were 33 residential Key West real estate sales (includes homes, condos, townhomes, and multi-family), 8% less than July 2009. The average residential Key West real estate sales price was $341,000, up 7.2% from the same month the previous year. The median residential Key West real estate sales price was $303,000, up 13% the same month the previous year. The average residential Key West real estate days on market was 123, down from 170 the same month the previous year.
The average sales price for Key West homes was $393,000, 4.5% higher than the same month for the previous year, but the number of sales of Key West homes dropped 22% to 14 from the same month the previous year. Median sales price of Key West homes was $382,000, 18% higher the same month the previous year. Average days on market for Key West homes dropped to 98 from 199 from the same month the previous year.
The number of Key West condo and Key West townhome sales was 18, the same as the same month the previous year. The average Key West condo and Key West townhome price was $351,000, 35% higher than the same month for the previous year. Median Key West condo and Key West townhome price was $248,000, 18% higher the same month the previous year. Average days on market dropped to 86 from 140 from the same month the previous year.
In my opinion, prices are up because the lower end of the market is now appreciating as the inventory shrinks. The Key West real estate market now has only 518 residential listings as of 8-1-2010. There are 278 Key West homes for sale, 177 Key West condo and Key West townhome listings for sale, and 63 Key West Multi-family listings for sale.
Year to date for 2010 in the Key West real estate market shows that the number of listings sold is almost 30% over the same period last year. We have had more than 277 residential Key West real estate closings so far this year. 2009 Key West real estate sales were up 22% over 2008 so the market is gaining steam. In addition, the number of days on the market for Key West real estate has decreased to 134 days as opposed to 151 for 2009.
The market would most likely be showing additional strength in the number of real estate sales and higher prices, but the Gulf oil spill threat put a number of people on hold. Now that the oil spill appears to be under control and NOAA has stated Key West has a 0% chance of oil reaching our waters, we will hopefully gain our momentum back as we head into the busy fall and winter season.
