Happy Holidays Clients, Family & Friends- 

It's the most wonderful time of the year to be in the Tropical Paradise that we call home! The coconut palms are decorated, the Key West Bight Marina lights are twinkling, and we are ready for the Holiday Season to arrive. This month 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

I 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. Please contact me if I can be of help with your real estate needs.

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

Welcome to the Meadows. 823 Georgia Street is a beautifully updated Conch home with over 2,400 square feet of indoor living. First, you are invited in to the home on a grand, wrapping front porch which is a great place for book, beverage, or to sit a watch the day go by. The property provides plenty of space to stretch out with 4 bedrooms, a large loft, 3.5 baths, and an outdoor shower. Cathedral ceilings, first floor master suite, bathroom access to every bedroom and off-street parking are just a few features. The open floor plan overlooks the pool, spa, and large outdoor deck space within the beautifully landscaped property complete with lighting for after the sun sets. In the front yard lives one of the largest known boxwood trees in the country. A modern, u-shaped kitchen with custom cabinetry, HVAC upgrades, Class A hurricane protection, decorative shutters, oak floors, hidden storage and laundry are details not overlooked. The current owner has established a successful vacation rental history, making it a perfect income-producing property if you so desire. Just a short walk or bike ride into town and close to Garrison Bight as well. This home is ready for you to start making memories with your family and friends!

MLS # 603126

On Tuesday December 6, 2022 the City Commission of Key West will discuss monthly vacation rentals.  As it stands right now, any property in Key West can be rented for a minimum of one-month.  The City Commission is discussing limiting that to a minimum rental of six-months.  As you can imagine, Realtors have been standing firm on this property rights issue.  If you have feelings on it, please let me know so I can voice your opinion at City Hall.  I also encourage you to e-mail or call your City Commissioner.  Please let me know if you need that contact information and I can send it to you. 

It’s been the year for contradictions in the housing market. Housing sales are decelerating, home builders are slowing down production and mortgage interest rates are more than double what they were a year ago. Mortgage applications are at their lowest level in 22 years. However, home prices remain near record highs, driven by low supplies, household formations by Millennial and Gen-Z homebuyers, and a strong job market. Is now the time to buy, or should you wait for housing prices and rates to come down?

Timing the housing market is seldom a good idea, especially during market volatility. Only you know if the time is right for you to become a homeowner, but if you’re uncertain, consider the following:

1. Even if home prices fall, they won’t do so everywhere. Prices in areas with plentiful jobs may go flat for a while, but they won’t fall significantly.
2. Efforts to curb inflation will eventually result in lower mortgage interest rates.
3. Buying a home is a long-term investment and a hedge against inflation. Buy when you plan to stay in the home for several years or longer, allowing you time to build equity and recover your closing costs.
4. Buy when it’s affordable and the right lifestyle choice, even if you have to choose a smaller home or a lesser neighborhood.
5. The smartest investors don’t wait for the bottom to buy, because there’s no predicting when that will be, if ever. Waiting could price you out of the market.

Saturday, December 10th | 8:00pm

"Mistletoe goes on the mast and running lights will twinkle in the appropriate red and green holiday colors for the 31st Annual Schooner Wharf Bar & Galley Lighted Boat Parade, Saturday, December 10th. The parade begins at 8:00 p.m. but the festivities start early on the Harbor Walk of Lights Bight Before Christmas Celebration. The elementary students with the Bahama Village Steel Pan Band entertain with calypso Christmas music at 6:00 pm. Followed by a group of the island’s favorite musicians playing classic holiday tunes mixed with contemporary songs and classics.

The community family-friendly parade begins in the Historic Seaport and makes a close pass in front of Schooner Wharf Bar and the judge’s stand for the best view of our creative mariner’s efforts. The variety is amazing and endless as dolphins and other aquatic creatures leap out of the sea to dazzle us all. Past years have had Huge Conch Shells, Candy Canes, Grinch’s, Messages of Peace on Earth and Support Our Troops, Sea Monsters, as well as Santa’s sleigh pulled by dolphins. Vessels range from classic Schooners with Christmas trees on the mast, small fishing vessels with dancing seahorses, to kayaks and dinghies decked out in their holiday best!"

article courtesy of www.schoonerwharf.com
photo courtesy of the Keys Weekly

December 1^st

• POSH (Paws Often Steal Hearts)

December 1^st – 4^th

• Coast is Clear Music & Art Festival

December 2^nd

• Wesley House Holiday Village & BeLighted Bike Ride

December 3^rd

• Key West Hometown Holiday Parade

December 4^th

• Pet Pictures with Santa

December 7^th-11^th 

• Nutcracker Key West

December 8^th – 23^rd 

• Old Town Trolley Holiday Lights & Sights Tours

December 9^th

• Holiday Lighted Boat Parade of Stock Island
• Annual Holiday Concert & Bazaar at Custom House Museum

December 10^th

• Parade of Paws & Holiday Bazaar @ Higgs Beach
• Annual Key West Lighted Boat Parade

December 10^th & 16^th

• Visit Santa at the North Pole

December 11th

• Christmas on the Farm

December 13^th 

• Pet photos with the Grinch!

December 16^th

• Holiday Historic Inn Tours

December 17^th

• A positive Step 5k Rudolph Red Nose Run

December 18^th

• BHHS Parade of Homes Open House Event
• Holiday Classic Car Show

December 18^th

• City of Key West Menorah Lighting Ceremony
• Hanukkah Begins

December 23^rd

• Live from the Lawn w/ Mike Stack

December 24^th

• Christmas Eve

December 25^th

• Merry Christmas
• Holiday Jazz in the Gardens

December 31^st

• New Year’s Eve!
• Key West New Year’s Event Celebrations