Hello everyone!  We hope you had a lovely February, we have been busy selling the #1 lifestyle in the world!

We are excited to bring you our March eNewsletter to keep you ahead of the market and be in the know; that's #goodtoknow.  We are marketing Florida Keys real estate at the highest level.  

Featured this month:

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

Please let me know if I can be of help to you with your goals.

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

30,000 sq. ft. land, 12 ROGO's, 4 Transient Licenses, 11 apartments, and 1 home in Old Town. Currently there are 4 studio apartments, 4 1-bedroom apartments, 3 2-bedroom apartments and 1 home with 2 bedrooms; mostly rented. Price includes 719 South ST, 721 South ST, 723 South ST, 725 South ST, 1318 William ST, and 4 Transient Licenses. Buyers must verify property rights.

Article provided by the Keys Weekly
Written by Shannon Wiley

"One Saturday, as my children and I were measuring out all the ingredients for a recipe, I told them how important math is. I shared how we use it in almost everything we do, especially when working in the kitchen and measuring with fractions. They were both naturally more interested in the dessert we were making than a discussion with Dad about mathematics. 

The conversation gradually shifted from the order of operations (Please Excuse My Dear Aunt Sally) to the origin and stories behind some of our favorite foods. One very popular local treat left me quite intrigued while pondering another Aunt Sally – this one from the Key West history books, not the math books. I started doing some research and learned a great deal about something that is as much a part of our American culture as baseball and apple pie. (Well, perhaps not exactly.)

Down here on the rocks, the only thing that whips up more controversy than who makes the best Key lime pie is who invented the delicious “sweet-tart” of a recipe in the first place? Many credit this world-renowned taste of Florida to botanist Jack Simmons, while still others swear good old Aunt Sally conjured it up while serving as a cook in William “Rich” Curry’s kitchen way back in the late 1800s. Bear in mind, cold air conditioning was a seemingly unachievable luxury at that time.." 

Select image to read entire article

Closing costs are fees paid to third parties to finalize a home purchase, explains Fool.com, by both the buyer and the seller. Costs can vary widely depending on state requirements, the type of loan the buyer has, the fees that the lender charges, local customs and any arrangement negotiated between the buyer and seller.

Buyers typically pay the closing costs related to their mortgages such as loan origination fees, discount points, mortgage insurance and more. Buyers are also responsible for some third-party fees such as attorneys’ fees, appraisal fees, escrow fees and title search fees, prorated shares of property taxes and hazard insurance, and more. Buyers may be required by the lender to escrow monthly payments in advance for one to three months and property taxes and insurance for up to a year in advance.

Three days before closing, the lender provides a closing disclosure that outlines all fees and the “cash to close” required of the buyer at closing – typically as much as 3% to 6% of the home purchase price. Buyers have the option of paying cash, rolling closing costs into their mortgage, paying a higher interest rate of lender-paid fees and asking the seller to pay them in exchange for a higher purchase price.

Home sellers are usually responsible for the buyer’s title insurance and both the buyer’s and seller’s real estate commissions and/or fees. Seller’s fees can range between 6% to 8% of the home’s sale price and are taken out of the transaction proceeds.

Friday, March 31st | 6:00 PM - 10:00 PM

Truman Little White House

Gala Fundraiser for the Habitat for Humanity of Key West & The Lower Florida Keys!

This tropical-themed event will be a super fun night filled with music, drinks, dining, dancing, games, auctions and more! All money raised stays in the Lower Keys to help build and repair affordable homes for Keys residents. Help us work on solutions to the affordable housing crisis while enjoying a night to remember!

March 2, 9, 16, 23, 30: Truman Waterfront Market

March 3: 1^st Friday on Fleming

March 3: SPCA Spring Social

March 3-5: KW Orchid Fair @ WMartello Gardens

March 4: Market on the Green – Between Gates Hotel and 24 North

March 4: KW Library Book Sale

March 4:  Open Air Art & Music @ Schooner Wharf

March 4: GardenFest @ KW Botanical Gardens

March 4: Conch Shell Blowing Contest-Oldest House

March 5:  Locals Day @ KW Botanical Gardens  

March 5: Locals Day @ HTA: Free admission to the Aquarium, the Shipwreck Museum and Little White House

March 5, 12, 19, 26: KW Artisan MKT @ Higgs Beach

March 6 & 13: Friends of Library Speaker Series

March 7, 14, 21, 28: Glow Hours on Hugh’s View

March 11:  Stock Island Art Stroll

March 12: Anne McKee Artist Fund Auction

March 12 & 26: Sheriff’s Animal Farm Open

March 12 & 26: Impromptu Concert

March 13-16: March Merkin Fishing @ Oceans Edge

March 16-19: Florida Powerboat Poker Run

March 16-19: Dania Flea Market

March 17 & 18: Key West Home Tours

March 18: KW Botanical Gardens Native Plant Sale

March 18:  St. Patrick’s Day Bar Stroll

March 19: Car Show & Shine-Sugarloaf Lodge

March 19:  Cemetery Stroll

March 19:  BHHS Knight & Gardner Parade of Homes

March 23-26: Palm Beach Int’l Boat Show

March 23-26: Sunnyland Antique Boat Festival Tavares, FL

March 25:  Symphony Orchestra

March 26: Putts for Paws @ Boondocks MM 26

March 26: Wreckers Race @ Schooner Wharf

March 31: Keys to the Keys: a Tropical Gala @ Truman Little White House, benefits Habitat for Humanity