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November 2022

 

Hello Clients, Family & Friends- 

 As we enter the Holiday Season we are bringing you:

  • The most accurate and updated market statistics
    by Neighborhood and Key
  • Featured Listing of the Month
  • Local Events
  • #Goodtoknow Real Estate information

We will continue working hard to keep you up to date and ahead of the market, and always strive to be your #ForeverAgent with the Forever Brand of Berkshire Hathaway.

Berkshire Hathaway HomeServices
Keys Real Estate | Knight & Gardner Realty

info@keysrealestate.com   |   (305) 294-5155
www.keysrealestate.com

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HERE ARE THE NUMBERS

FLORIDA KEYS MARKET REVIEW

Our team studies the market closely to keep you ahead of the market and be in the know.  Over the past several months we have continued to see the same trend- Economics 101- Low Supply and Strong Demand, leading to upward pressure on real estate prices.  Although we are selling fewer properties in the Keys, demand remains strong and prices continue to increase. 

Click on the "Deep Dive Into" photo for a 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 me, your #foreveragent today at www.keysrealestate.com

FEATURED PROPERTY OF THE MONTH

DISTINGUISHED "WILLIAM THOMAS PENT HOUSE"

412 Elizabeth Street, Key West | $4,999,000

Distinguished ''William Thomas Pent House'' was built pre-1860 as a two story conch home at the highest point, Solaris Hill, of the Seaport District of Key West. This spacious 4 bedroom, 2.5 bath home boasts beautifully restored Dade County Pine floors and walls throughout. Enjoy first and second level porches overlooking the most prestigious block of Elizabeth Street and overlooking your large private pool and yard. The first level has everything you need, an office (with it's own entrance), half-bath, master bedroom and bath, light and bright living room which leads to the formal dining room and kitchen. The high ceilings throughout lend to a grand feel. Up the original restored staircase are two large bedrooms and bathroom to the front of the home. To the back of the home is unique space complete with a kitchen, sitting area and bedroom that is perfect for guests or a live in assistant. Walk just two blocks to world-famous Duval Street or the Historic Seaport. Parking is never a problem with your own driveway capable of fitting two vehicles. This property makes an excellent investment and 1031 exchange. Located in the most desirable highest ground, the X-Zone. This happy house has been home to seven families over the past 150 years, from Spongers, Doctors and Financiers.

MLS # 602811

FEATURED LOCAL EVENT

KEY WEST OFFSHORE WORLD CHAMPIONSHIP

Offshore Racing World Championships: November 6th – 13th

Race World Offshore is excited to bring teams and fans to Key West for an amazing Offshore World Championship experience. RWO is the premier Offshore Racing Sanctioning body in the United States and our team is dedicated to producing an unforgettable week. With the most experienced team in all of offshore racing around the world, RWO anticipates another spectacular event with the world’s best offshore race teams in attendance!

FINANCE, HOMEBUYERS, TRANSACTION ADVICE, MORTGAGE LOANS

DON'T TRUST CREDIT REPORTING AGENCIES

When you apply for a mortgage loan, or any credit, the lender relies on information that is supplied by lenders, landlords, government agencies, courts, and credit card companies to three credit reporting bureau, EquifaxExperian, and TransUnion. Numerical values are assigned to defaults and late payments, income-to-debt ratios, types of credit and other data. The values are compiled into credit scores which provide a snapshot of your credit worthiness to anyone authorized to make inquiries.

According to a 2021 investigation by ConsumerReports.org, more than one-third of 6,000 surveyed consumers found at least one mistake in their credit reports and nearly as many found incorrect personal information such as names and addresses while 11 percent found account information errors. These errors can cause your credit scores to fall, making you pay more in interest for loans and credit lines, or in the worst cases, being denied credit altogether. 

What can you do? Get a three-bureau report and check for errors. One bureau may have accurate data while another can have incorrect or outdated information that can lower your credit scores. Sometimes, the incorrect data comes from the data furnisher – the lender, landlord, lien holder, etc. You’ll have to contact the data furnisher with proof of payment or release of lien or other evidence. Obtain a written statement of resolution to give to the credit bureau and to your mortgage lender via certified mail to make sure they get it.

Keep checking your credit at least once a year.

LOCAL NEWS

SAVE THE DATE - FANTASY FEST 2023

“Uniforms & Unicorns — 200 Years of Sailing into Fantasy”

“2023 marks the 200-year anniversary of the establishment of both Monroe County and Key West’s first Naval base, so our panel of judges agreed that “Uniforms & Unicorns — 200 Years of Sailing into Fantasy” captured the Bicentennial of these historic events and the Keys’ effervescent spirit perfectly,” said Nadene Grossman Orr, Fantasy Fest director and President/CEO of We’ve Got the Keys event-planning company 

2022 Fantasy Fest Parade of Homes recap:

Why list your home with us?  Our Fantasy Fest Sanctioned Berkshire Hathaway Parade of Homes Event was a major success.  We are the only company that drives traffic to our listings, locally as with the Parade of Homes worldwide on our social media platforms and web presence.  This year's Berkshire Hathaway Parade of Homes had a record attendance and has already led to properties going under contract directly tied to that event.

Congratulations to Kara, the lucky winner of 2 VIP tickets to our Parade viewing party!

LOCAL EVENTS

NOVEMBER CALENDAR

November 2nd-6th:

November 5th:

November 6th-13th:

November 6th:

  • Goodbye, Daylight Savings Time!

November 9th:

November 10th:

November 11th:

November 13th:

November 22nd:

November 24th:

  • HAPPY THANKSGIVING!

November 26th:

November 27th:

November 6th & 20th:

 
 
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336 Duval St. Key West, FL 33040

©2024 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.