Hello Clients, Family & Friends,

As we welcome November here in the Florida Keys, we're excited to bring you the latest updates and upcoming events. This month is the perfect blend of warm sunshine and fall energy, making it an ideal time to experience everything the islands have to offer. Staying ahead of the market is essential, and our commitment to keeping you informed is stronger than ever because staying in the know is always #GoodToKnow.

Our recent Keys-wide Fantasy Fest Parade of Homes was a fantastic celebration of the best of Florida Keys living! Featuring over 35+ stunning properties, each showcased the unique beauty and luxury of the area. With hundreds of attendees joining us, the day was filled with excitement as guests explored breathtaking ocean views, custom details, and more. Congratulations to our VIP winners—we had a blast celebrating with you! We’re grateful to everyone who joined in the fun and look forward to many more memorable events together.

As the islands come alive with fall festivities, we’re proud to present the finest in Florida Keys real estate against this vibrant backdrop. Whether you're considering a new home, an investment, or simply staying updated on the market, we’re here to guide you with the expertise you can trust.

This Month’s Highlights:

• Precise and current market statistics by neighborhood
• Our Featured Listing of the Month
• #GoodToKnow Real Estate Insights
• Local News & Events

Thank you for being part of our journey, and here’s to a fantastic November in the Keys!

The Florida Keys real estate market is witnessing notable dynamics in the current landscape. Despite experiencing a surge in new listings, surpassing last year's figures by 20%, there's a marked decrease in properties going under contract, with a notable decline of 16%. However, amidst these fluctuations, the market continues to display resilience with a consistent upward trajectory in the average sale price. Keys-wide, the average sale price has reached $1,316,344 showcasing an uptick of 5% compared to the previous year. This trend underscores the enduring appeal and desirability of Florida Keys properties, despite the shifting patterns in supply and demand.

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

Discover your dream home at the prestigious Truman Annex Community, situated on the serene Admirals Lane. This two-story detached single-family residence offers a perfect blend of comfort and elegance with 3 bedrooms and 3 full bathrooms. Enhanced by impact windows and doors, the house also features a private carport for added convenience. Adjacent to the property lies a shared community pool, ideal for relaxation and enjoyment. Inside, the main living area boasts exquisite travertine floors, creating a luxurious ambiance. Open the French doors to the composite wood back deck, where outdoor dining, barbecues, and lounging become a daily indulgence. The fully equipped kitchen is a culinary haven, catering to every chef's desires. With one bedroom on the first floor and two bedrooms on the second floor, each with a private bathroom, this home is designed for utmost comfort and privacy. Emphasizing its prime location, this property is just a stone's throw from Duval Street, the Key West White House, and the Key West Harbor, all while being nestled within the security of a gated community. Live out your Key West dreams in this exceptional property that epitomizes the essence of island living.

Article & Photo provided by the Keys Weekly:
The Monroe County Board of County Commissioners (BOCC) is seeking public participation regarding the state-mandated hurricane evacuation modeling discussions that will continue through January 2025.

Survey #5 is currently available and is designed to gauge public opinions and ideas concerning planning considerations for the future growth of the Florida Keys, including how many new residential units are preferred and how they ought to be distributed. The survey will remain open until Friday, Nov. 8 at 5 p.m.

Monroe County community members are invited to take this short survey, the fifth and final one. The survey is at https://www.surveymonkey.com/r/rogosurvey5 and should take five to six minutes to complete.

This and past surveys will help officials learn more about community members’ basic knowledge of ROGO/BPAS, how locals live and commute, when residents evacuate during a hurricane, legal considerations and public opinion on additional residential growth. (Note: The first five questions of each survey are the same.)Monroe County is also hosting town hall meetings on Nov. 4, 6 and 7; an upcoming workshop on Nov. 20; and a special BOCC meeting on Dec. 19 regarding the Department of Commerce’s hurricane evacuation modeling to gauge public opinions on everything that affects evacuation timing and the number of additional ROGO/BPAS allocations the county and municipalities should request from the state. The hurricane evacuation modeling is based on a Florida Statute requiring that Monroe County residents be able to evacuate the Keys within 24 hours before a storm. To learn more about these terms, view upcoming meeting details, or see past survey results, visit www.monroecounty-fl.gov/rogo2024.

Step into the exhilarating world of Race World Offshore, where the ocean becomes a high-speed battleground for cutting-edge boats and fearless competitors. Welcome to Race World Offshore, where every moment is a celebration of nautical prowess and the relentless pursuit of victory on the offshore racing stage.

The schedule outlines the series of events within the offshore racing weekend, detailing dates, locations, and races. It serves as a comprehensive guide for participants, teams, and fans, offering a roadmap to follow the action and plan attendance. The schedule is meticulously organized to ensure safety and excitement for everyone our racers, fans, and staff. --> FULL SCHEDULE 

Be sure to visit our booth on Wednesday, Friday, and Sunday to discover an exceptional lineup of beautiful properties throughout the Florida Keys. Our team will be there to answer questions, share exclusive listings, and provide a firsthand look at the lifestyle that awaits in this stunning paradise. Don’t miss our MEGA OPEN HOUSE EVENT on Thursday and Saturday from 11 a.m. to 2 p.m., where you’ll have the chance to tour some of the most remarkable homes on the market. It’s a unique opportunity to see the heart of island living up close and find your next dream home in the Keys.

When you apply for a mortgage loan, you’ll receive a standardized form called a loan estimate within three working days. The purpose is to give you the opportunity to compare multiple offers from lenders and to negotiate terms where applicable. Once you choose a lender, this pre-approval allows you to shop for a home with confidence, but keep in mind that the loan estimate is not a final approval, nor does it mean you’re locked into the loan.

A loan estimate is exactly that—an estimate of the interest rate, monthly mortgage payments, fees, closing costs and the cash needed to close. The reason that the estimate isn’t final is that things change. The loan can’t go through the lender’s underwriting until you’ve put a contract on a home with a closing date. Underwriting examines your credit more thoroughly and ensures that the home you’re buying, the loan and its terms meet government lending guidelines.

Once approved, your lender will prepare your final closing documents three days before close of escrow.

November 1: 1st Fridays on Fleming

November 2: ZONTA ABC 5K/10K

November 2: Southard Street Stroll

November 3: Locals Day @ Key West Botanical Gardens

November 3: World’s Fastest Boat Parade on Duval

November 3-10: Race World Offshore Championship

November 3 & 17: Key West Artisan Market

November 5, 12, 19, 26: Glow Hours on Hugh’s View

November 5-11: Florida Powerboat Poker Run

November 7, 14, 21, 28: Truman Waterfront Market

November 8 & 22: KW Outdoor Movies  @ East Martello Parade Grounds

November 9: Race World Live Concert @ Amphitheater

November 10 & 24: Sheriff’s Animal Farm

November 11: Veterans Day Parade on Duval

November 13 - 17: Key West Film Festival

November 15: SOS Casino Night

November 16 & 17: BHHS Knight & Gardner Parade of Homes

November 17: FL Keys Car Club Show & Shine Sugarloaf Lodge

November 19: SPCA “Wining for the Animals"

November 21: Walk on White

November 22 & 23: KW Garden Club Plant & Art Sale @ West Martello

November 27: Lighting of Harbor Walk of Lights @ Green & Elizabeth St

November 27: Lighting of Lobster Trap Christmas Tree @ Margaret St

November 28: HAPPY THANKSGIVING!

November 29: Black Friday Shopping Extravaganza @ Truman Waterfront

November 29: Tree Lighting Ceremony @ Bayview Park-date estimate

November 30: Hog’s Breath Hog Trot 5K

November 30: Holiday Artisan Fair

November 30: Hogfish Bar & Grill 22^nd Anniversary Party

November 30 – December 3: Coast is Clear Music & Art Festival @ the Lighthouse