Click here to view online with images.
 
 

April 2021

 

Hello Clients, Family & Friends.  First off, we hope you all are healthy and safe.  A home has a new meaning to most of us. We are here on the ground in the Keys if we can help you with anything if you are away.

Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism.  Don’t hesitate to contact me and allow me to help guide you through that process!  

Berkshire Hathaway HomeServices
Keys Real Estate | 
Knight & Gardner Realty

joanne1kw@gmail.com  |  305-304-2012
www.kwhomes.net 

Visit me on FacebookVisit me on TwitterVisit me on Instagram
 
 

Here are the Numbers

DEEP DIVE INTO MARKET STATS


We continued to see low supply, fewer new listings, mix that with increased demand and that leads to upward pressure on prices.

Click on the "Market Review" photo for a deep dive into market trends for all the Florida Keys and then broken down by regions.  Key West to Shark Key, North of Shark Key to Big Pine Key, the Middle Keys including Marathon and Key Colony Beach and then the Upper Keys.  Interest rates and inventory continue to push the residential real estate market forward. 

As always for the most accurate and updated data trends on your island or for your property, reach out to our forever agents today at www.keysrealestate.com

Featured property of the month

CONCH COTTAGE IN THE PEACEFUL MEADOWS
1413 Olivia Street, Key West | Listing ID 592416

Lovely Conch cottage in the coveted, peaceful Meadows neighborhood of Key West.This home features 3 bedrooms, 2 baths, plus additional office. It is in Turn Key condition.

Beautiful Brazilian wood floors, granite counters, stainless steel appliances and custom cabinetry. Comfortable front porch and garden with tropical landscaping. Room for a Jacuzzi. Existing 220 outlet already installed, allowing easy hook up on the back deck. Walking and biking distance to everything Key West has to offer. The perfect winter retreat or easy year round living.

REAL ESTATE NEWS

PRESTIGIOUS BERKSHIRE ELITE CIRCLE AWARD

BERKSHIRE HATHAWAY HOMESERVICES KEYS REAL ESTATE | KNIGHT & GARDNER REALTY| FREEWHEELER REALTY NAMED ONE OF BERKSHIRE HATHAWAY HOMESERVICES NETWORK’S TOP 50 COMPANIES

Key West, FL (March 22, 2021)
 -- Berkshire Hathaway HomeServices Keys Real Estate | Knight & Gardner Realty | Freewheeler Realty is pleased to announce that it has been recognized with the Berkshire Elite Circle Award as one of the Top 50 companies in the Berkshire Hathaway HomeServices network in 2020. Berkshire Hathaway HomeServices is one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the United States, Canada, Mexico, Europe and the Middle East.

 

The company, which ranked No. 38 was recognized virtually during special awards ceremonies at Berkshire Hathaway HomeServices’ annual Sales Convention.
 

“We are thrilled to be recognized among the best companies of the Berkshire Hathaway HomeServices’ network. This prestigious award is a testament to our excellent service and outstanding client satisfaction, as well as earning our place as producers in our industry,” said Will Langley (Keys Real Estate – Knight & Gardner Realty – Freewheeler Realty)

 

About Berkshire Hathaway HomeServices Keys Real Estate | Knight & Gardner Realty | Freewheeler Realty Established in 1957, we are Key West’s oldest real estate company and have earned recognition as one of the most well-respected realty companies in the Keys. In fact, our company has been voted the Key West People's Choice Awards Winner for Best Real Estate Company the last four years in a row 2017, 2018, 2019 & 2020! One key to our success is our team. They are professionals who are committed to making your real estate experience a pleasant and smooth one. We are proud of our team and their multi-billion dollars of experience with our firm. If it involves real estate, it will involve us, thanks to our local, national, and international exposure.

About Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices is one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the U.S., Canada, Mexico, Europe and the Middle East, and more than $138 billion in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity.

HOMEBUYERS' ADVICE

WHAT IF THERE'S NO SUPPLY?

By the end of 2020, the number of homes listed for sale in the U.S. reached an all-time low. Supply sank below 700,000 homes nationwide, according to realtor.com®'s Monthly Housing Trends Reportand that was before the availability of COVID-19 vaccines. With consumers euphoric, it’s possible the spring homebuying season could have even less inventory available. If you want to buy a home, what do you do if there’s little to no supply? Follow these suggestions:   

Trust your Berkshire Hathaway HomeServices network professional. Having a good relationship with a knowledgeable agent is your best chance at finding a home to buy. He or she has resources you don’t have including personal or networking knowledge of people who are interested in selling their homes. He or she can search for bank foreclosures or rental properties through their contacts and show you homes that aren’t on the multiple listing service.  Wouldn’t it be great if you could buy a home before it comes to the market?

Be flexible. You’re lucky if you come close to finding the perfect home, but most homebuyers compromise on something – size, area, price, of features. Let your agent show you some alternatives that could work well for you. A smaller home can be expanded to suit your needs, for example.

Be patient. After more than a decade of rising home prices, including double-digit price increases in 2020, demand looks unlikely to end, so trust the process and know it’s just as challenging for other homebuyers.

HOMESELLERS’ ADVICE

DO SELLERS HAVE TO DO REPAIRS

Typically, buyers include a home inspection contingency in their purchase offer that allows them to ask the sellers for repairs and get out of the contract if the seller refuses. The seller can respond in several ways.

  • They can readily agree to fix the problem, no matter how expensive.
  • They can agree to fix any problem that’s a safety or potential legal issues, such as mold or radon remediation, but decline minor repairs such as filling in and painting over picture hanger holes in the wall.
  • They can refuse to fix anything, but risk losing the buyer. For safety or code issues, they’ll have to declare the problem on subsequent seller’s disclosures, which could impact the home’s value to future buyers.
  • They can offer to lower the price of the home to cover the cost of the repair for the buyer or offer a closing credit to the buyer to pay for the repair without lowering the price of the home. That way the buyer can complete the repair to their liking.
  • They can ask the buyer to meet them halfway, such as paying more for the home if the seller repairs something major, or replaces the roof.
  • They can ask the buyer to waive additional repair requests if the seller will fix the worst or most expensive problem.

Sellers should know that FHA, VA and other government-guaranteed loans have stricter requirements for home safety and that some repairs are mandatory for the buyer’s loan to close.

Featured NONPROFIT of the month

WESLEY HOUSE FAMILY SERVICES

"Helping our community, one family at a time."
 

ABOUT WESLEY HOUSE

Wesley House Family Services is a nationally accredited not-for-profit organization dedicated to protecting and nurturing children and strengthening families with services spanning Monroe County, Florida.

WESLEY HOUSE MISSION

Promoting and enhancing the safety, well-being and development of children by educating, supporting and meeting the needs of families.

WESLEY HOUSE VISION

To develop and encourage a more child caring community.


For additional information on the Wesley House, to become a volunteer or donate visit them at www.wesleyhouse.org

 
 
Share this with someone:

FL Lic #: BK582250
336 Duval St. Key West, FL 33040

©2021 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity.