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June 2023

 

HI everyone!  We hope you had a fantastic May and June is full of new adventures. We are working hard to keep you ahead of the market and be in the know with our monthly e-newsletters; that's #goodtoknow. Marketing Key West and the Florida Keys real estate at the highest level is our top priority. We are here, so please let me know if I can help you with your real estate goals.

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

Berkshire Hathaway HomeServices
Keys Real Estate | Knight & Gardner Realty

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

Andy Birrell | Berkshire Hathaway HomeServices 

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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 Andy Birrell | Berkshire Hathaway HomeServices 

FEATURED PROPERTY OF THE MONTH

SOUTH STREET BUILDERS DREAM

South and William ST, Key West | $7,800,000

Experience the Ultimate Developer's Opportunity in the Enchanting Casa Marina! This extraordinary property encompasses an expansive 30,000 square feet of prime land, accompanied by an impressive package featuring 12 ROGO's, 4 Transient Licenses, 11 apartments, and a small home nestled in the heart of Old Town. Currently, the property offers a diverse range of units, including 4 cozy studio apartments, 4 1-bedroom apartments, 3 spacious 2-bedroom apartments, and a delightful 2-bedroom home. The majority of these units are already occupied by tenants, ensuring immediate income generation. The comprehensive offering includes the prestigious addresses of 719 South ST, 721 South ST, 723/725 South ST, 1318 William ST, as well as the coveted 4 Transient Licenses. Don't miss this exceptional chance to turn your development dreams into a reality in the highly sought-after Casa Marina neighborhood! Tenant occupied, please do not disturb, must be accompanied by listing agent. Buyers must verify property rights.

FEATURED LOCAL EVENT

A RARE FIND IN OLD TOWN 

606 Truman Ave #3, Key West | $1,200,000

Discover a rare find! Tucked serenely amidst the vibrant energy of Old Town, you'll find a cluster of 13 townhomes nestled within a secure gated community. Experience a private and tranquil haven at Windward Park, where these stunning homes await to fulfill your dreams. With a spacious and inviting great room adorned with soaring cathedral ceilings, this residence exudes brightness and airiness. Boasting master bedrooms on both the first and second floors, these homes have been thoughtfully upgraded with modern touches, including new windows, kitchen appliances, and more. Prepare to be amazed as you witness this paradise retreat, where worries and maintenance fade away. Furthermore, if you desire, this property can serve as an excellent rental investment while you're away. Seize the opportunity and make the call today - don't let this chance slip away!

REAL ESTATE NEWS

REAL ESTATE PLANNING MONTH

At Berkshire Hathaway HomeServices Keys Real Estate, Knight & Gardner Realty our team of the top Agents in the Keys are working hard to keep our clients ahead of the market and be in the know.  Inventory is extremely low, interest rates remain higher than last.  The Average sale price in the Florida Keys is up 8% over last year to one million, two hundred sixty three thousand dollars. 

June has been declared the Berkshire Hathaway HomeServices Real Estate Planning month and we are here to provide best-in-class results to our clients, through the use of our local market expertise, vast global connections, advanced technology and unparalleled marketing resources.

No matter what stage of your real estate journey you are navigating, we are here to offer the best advice possible to ensure you reach your goals. Find out how we can assist you today.

Your Forever AgentsSM at Berkshire Hathaway HomeServices
Keys Real Estate | Knight & Gardner Realty

LUXURY, HOME IMPROVEMENT, INTERIOR DESIGN, HOMEBUILDING

THE DECLINE OF THE OPEN KITCHEN

The pandemic that began in 2020 was life-changing in all aspects, including home design. As workers stayed home to work remotely, they began to appreciate what a difference more space could make. Before long, the hottest housing market ever emerged as households sought larger homes with more creature comforts.

What many found were homes that had been designed and built for busy dual-income families featuring a large bright “open kitchen.” Instead of separating the cook from the action in the den or living room, open floor plans allow cooking, eating, TV watching, working and socializing to take place in one large contiguous space. This was embraced as a liberating innovation that promoted connectivity for overscheduled families to see more of each other, but the result was more noise, more messes to look at, and a more chaotic environment. 

For luxury homeowners who value privacy, relaxation, and comfort, the open kitchen plan has had its day. Room differentiation makes a huge difference in creating an elevated lifestyle. One way to do that is to be more intentional with interior design, wall placement, and traffic flow. Good wall placement helps establish the desired ambiance for each space. The den is a family retreat again, the living room welcomes visitors and clients, and the kitchen is no longer party central. Explains MansionGlobal.com, separating rooms makes each one feel properly proportioned and easier to furnish. An open plan must be more cohesive, while defined rooms can have their own personalities and colorways.

LOCAL EVENTS

JUNE LOCAL EVENTS

April 25 - July 30: Art in the Garden @ Botanical Garden

June 1st: Keys Weekly Bubba Nominations Begin

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

June 2–4: Dolphin Tournament Lower Keys

June 3: Market on the Green – Between Gates Hotel and 24 North

June 4:  Locals Day @ KW Botanical Gardens

June 4: Locals Day @ HTA: Free admission to the Aquarium, the Shipwreck Museum and Little White House

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

June 9-10: Belmont Stakes

June 10: Stock Island Art Stroll

June 11 & 25: Sheriff’s Animal Farm open

June 11 & 25: KW Artisan Summer Mini Mkt @ VFW Roosevelt

June 14-18: I Love Stock Island Festival Five-day Festival showcases the culinary, entertainment, artistic and recreation opportunities on Stock Island

June 16 - 18: VFW Fishing Tournament

June 17: CFK Swim Around Key West – FL Keys College

June 17:  KW Botanical Gardens Native Plant Sale

June 18: Happy Father’s Day

June 18:  BHHS Knight & Gardner Parade of Homes

June 22-25: Mango Fest

June 23-25: FL Keys PBA Charity Dolphin Tournament @ Ocean’s Edge Hotel & Marina

June 30 – July 1: KWAR Charity Fishing Tournament

June 30 – July 4: Key Lime Festival

June 30 – July 4: Key West Mermaid Festival

 
 
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FL Lic #: SL3015633
336 Duval St. Key West, FL 33040

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