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May 2026

 

Hello Clients, Family & Friends,

May in the Florida Keys brings a natural shift in pace. The busy spring season begins to ease, the days feel a little longer, and the islands settle into a rhythm that blends quiet moments with everything we love about life here.

It’s also a time when many take a step back to consider what’s next. Whether you are thinking about buying, preparing to sell, or simply staying informed, having a clear understanding of local trends and timing continues to be key.

Real estate in the Florida Keys remains uniquely influenced by lifestyle, location, and limited inventory. Each island and neighborhood offers something different, and understanding those nuances helps create opportunity in any season.

Our goal is to continue providing insight you can trust and guidance that reflects what is happening right here in our community. Whether you are making a move now or planning ahead for later in the year, we are here to support you every step of the way.

Thank you for continuing to trust us as your local real estate experts. In the Keys, #GoodToKnow represents our commitment to knowledge, integrity, and exceptional service.

In this month’s update, you will find:

  • Market insights tailored to your neighborhood
  • Our Featured Listing of the Month
  • #GoodToKnow real estate updates
  • Local events and happenings throughout the Keys

We hope this May issue brings useful insight, local highlights, and a continued appreciation for life in the Florida Keys. As always, we are just a call away.

Berkshire Hathaway HomeServices
Keys Real Estate | Knight & Gardner Realty

andy@keysrealestate.com   |   (305) 923-5753
andybirrell.bhhskeysrealestate.com

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#GOODTOKNOW MARKET UPDATE

FLORIDA KEYS MARKET REVIEW

We’re committed to keeping you informed about the ever-changing real estate market in the Florida Keys. Our unique chain of islands continues to experience steady and sustainable growth, making it an exciting time for both buyers and sellers. Whether you're considering a move, looking to invest, or simply staying informed, understanding the latest trends can help you make confident decisions in this dynamic market.

As always, staying informed is key in an ever-evolving real estate landscape. Market conditions, pricing trends, and buyer activity can shift quickly, and having access to accurate data ensures you stay ahead. For the most up-to-date market insights, including detailed year-over-year comparisons for each Key, click the image to explore our latest reports.

If you’re looking for a more personalized approach, our team is here to provide a custom analysis of your home, neighborhood, or island. Whether you’re curious about your property’s current value or want a deeper understanding of market trends in your area, keysrealestate.com is your trusted resource for all things Florida Keys real estate.

FEATURED PROPERTY OF THE MONTH

512 AMELIA STREET, KEY WEST | $3,099,000

Located just half a block off Duval Street, 512 Amelia Street is a rare offering that beautifully blends refined island living with premium investment potential. Constructed in 2018, this elevated 2-bedroom, 2.5-bath residence draws inspiration from early 20th-century Cuban architectural style, offering timeless character balanced with modern ease. Designed with integrity and longevity in mind, the home features a metal roof, impact windows and doors, and quality craftsmanship throughout.

Inside, curated antique fixtures and custom tile work complement the open floor plan, where living, dining, and kitchen flow seamlessly for entertaining and everyday comfort. The centrally positioned kitchen serves as the heart of the home, outfitted with stainless steel appliances, generous counter space, and warm, welcoming design details. A thoughtful layout creates privacy for each en suite bedroom, while maintaining a spacious, inviting atmosphere for gathering.

Step outside to your own private oasis: a serene patio with a newly added heated pool, lush tropical landscaping, and space for lounging, dining, and enjoying the Key West breeze. The tranquil outdoor environment offers a peaceful retreat just moments from the vibrancy of Old Town.

This property is offered with a valuable Transient License, allowing nightly rentals, and comes with a successful rental history already in place—making it an exceptional choice for both personal enjoyment and effortless income generation. With its prime location, elevated build quality, and refined island character, 512 Amelia Street is a standout opportunity in the heart of Key West.

#GOODTOKNOW

WHY NEGOTIATION STILL MATTERS
MORE THAN EVER

In today’s market, successful real estate transactions are not just about pricing or timing. They are about strategy, communication, and knowing how to navigate each step with confidence.

In the Florida Keys, every property is unique, and so is every negotiation. From waterfront features and rental potential to inspections, timelines, and financing terms, there are many moving parts that can influence the outcome of a deal.

Strong negotiation is not just about the final price. It is about understanding value, managing expectations, and creating solutions that work for both sides. The right approach can mean the difference between a deal that falls apart and one that moves forward smoothly.

Buyers want to feel confident in their investment, and sellers want to know they are achieving the best possible result. That balance is where experience matters most.

Our network agents were born for this. With deep local knowledge and proven negotiation expertise, we help guide our clients through every conversation, every decision, and every detail along the way.

If you are considering buying or selling, having the right representation ensures you are positioned to succeed from the very first offer to the final closing.

Select here to watch the video.

#GOODTOKNOW

7 COMMON MISCONCEPTIONS ABOUT ARMs

Adjustable‑rate mortgages (ARMs) are making a comeback in 2026, but myths still keep many buyers from considering them. Clearing up the confusion helps you decide whether an ARM fits your financial strategy.

  1. ARMs are risky.” Modern ARMs have caps that limit how much your rate can rise.
  2. Your payment will skyrocket immediately.” Most ARMs have fixed periods—often five, seven, or 10 years—with predictable payments.
  3. “They’re only for short‑term buyers. They can also work for buyers planning to refinance or expecting income growth.
  4. “ARMs disappeared after 2008.” They never left; they just evolved with stronger consumer protections.
  5. “Fixed rates are always better.” Not always. ARMs often start lower, improving affordability.
  6. “You can’t refinance an ARM.” You can refinance just like any other loan.
  7. “ARMs are complicated.” They’re simply structured differently—and easy to understand with the right guidance.

If you’re curious whether an ARM could lower your upfront costs, your Berkshire Hathaway HomeServices network agent can recommend a trusted mortgage professional to talk you through your options.

FEATURED LOCAL EVENT

MOTHER'S DAY DOLPHIN TOURNAMENT

May 8th–9th, 2026
Marathon, Florida Keys

The 20th Annual Mother’s Day Dolphin Tournament returns for a fun and festive weekend of fishing, all in support of Habitat for Humanity. This one-day tournament invites anglers of all experience levels to compete for the heaviest mahi while giving back to a meaningful cause.

Proceeds from the event help Habitat Middle Keys continue building affordable homes in Marathon, making a lasting impact in the local community.

Tournament activities include a Friday evening registration period and a full day of fishing on Saturday, with lines in at 7:30 a.m., followed by the official weigh-in later that afternoon.

Whether you are competing or simply supporting the cause, this event is a great way to enjoy the water, connect with the community, and give back.

LOCAL EVENTS

MAY LOCAL EVENTS

April 30 – May 4: KW Songwriters Festival

May 1: 1st Thursday Open @ Studios of KW

May 1, 8, 15, 22, 29:  Truman Waterfront Market

May 2: First Fridays on Fleming

May 2 & 3: Kentucky Derby

May 4: Locals Day @ KW Botanical Gardens

May 4: Run for Rhonda

May 4: Running of the Chihuahuas; benefits SPCA

May 5, 12, 19, 26: Charity Bingo @ The Green Parrot

May 5, 6, 12, 13, 19, 20, 26, 27: Glow Hours on Hugh’s View

May 9: Reef Relief Luau Fundraiser

May 9: KW Outdoor Movies, season finale

May 10: KW artisan market @ Higgs Beach

May 11 & 25: Sheriff’s Animal Farm open

May 15: Walk on White Third Thursday

May 15: Schooner Wharf Magic Bar

May 16 & 17: Preakness Stakes

May 17: KW Botanical Gardens Native Plant Sale

May 17 & 18:  Keys 100 Ultramarathon

May 17 & 18:  BHHS Knight & Gardner Parade of Homes

May 18: Car Show & Shine at Tonio’s on Summerland

May 26: Schooner Wharf Minimal Regatta

 
 
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Berkshire Hathaway HomeServices Keys Real Estate | Knight & Gardner Realty • 336 Duval St. Key West, FL 33040
(305) 294-5155 • https://www.bhhsfloridakeys.com

©2026 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.