Click here to view online with images.
 
 

July 2022

 

Hello Clients, Family & Friends- 

 Welcome to SUMMER! This month we're 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 buying or selling real estate.

Berkshire Hathaway HomeServices
Keys Real Estate | Knight & Gardner Realty

Sharkkeyflorida@gmail.com   |   (305) 923-0239
www.sharkkeyflorida.com

Visit me on FacebookVisit me on TwitterVisit me on LinkedInVisit me on YouTubeVisit me on Instagram
 
 

HERE ARE THE NUMBERS

FLORIDA KEYS MARKET REVIEW

Entering the new year, we continued to see low supply, fewer new listings, mix that with increased demand and that leads to upward pressure on prices.

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 our #foreveragents today at www.keysrealestate.com

LOCAL NEWS

2022 BUBBA AWARDS

PEOPLE'S CHOICE AWARDS

We are incredibly honored and humbled to be nominated this year for BEST BUSINESSBEST REAL ESTATE OFFICE & our Broker as BEST REALTOR! 

The 2022 Bubbas: Key West People’s Choice Awards! This marks the 10th year of celebrating the community, businesses and people who make Key West the greatest city on earth.

As always, your vote and participation support a local nonprofit organization, and this year’s recipient is the Bahama Village Music Program. To date, the Bubbas have raised over $125,000 for local charities through the support of our sponsors. We thank you for participating. Above all, let us remind everyone this is all designed for fun and charity, as Key West boasts an array of deserving choices in each and every category. 

You can vote once per day --> VOTE HERE!

#Goodtoknow

MARKET UPDATE

Low supply and strong demand continue to shape the Florida Keys real estate market so far in 2022. Our Broker, Will Langley takes a deep dive into the facts and factors driving the market today and into the future to keep you ahead of the market.

No matter what happens in the market, we will monitor the housing trends closely so you can stay on top of the market and be in the know:
That is GOOD TO KNOW.

Our vision is to have the best and most respected team of real estate agents in the Florida Keys. If you’re looking to make a move in real estate, let’s connect and we can point you in the right direction.                   

   --> Select HERE to watch the entire video 

FEATURED PROPERTY OF THE MONTH

BEAUTIFULLY MAINTAINED GEM

3509 Eagle Avenue, Key West | $1,450,000

Four bedroom oasis on Eagle Ave: Located in the heart of one of Key West's most upscale and quiet neighborhoods you will find 3509 Eagle Avenue. As you open the white picket fence and make your way through the home's main entrance you will find an oversized and flexible entry foyer, currently a home office and music room. This room is only the beginning of this beautifully maintained 4- bedroom 3-bathroom gem. The main home boasts 3 bedrooms and 2 bathrooms, while the private guest cottage offers an additional 1 bedroom and 1 bathroom. An expansive great room is the centerpiece of the main home. Crisp white walls perfect for art lovers an open concept kitchen with built-in breakfast nook / dining area and a rich blue backsplash bring character to the space. This layout makes it easy to entertain guests or sit in the cozy banquette and enjoy a cup of coffee gazing out onto the front yard. Natural light fills the home and views of tropical splendor are enjoyed through many of the windows. The Master Bedroom features sliding glass doors that lead you to the outside deck that steps down to an expansive 7,920 square foot lot surrounded and filled with lush native tropical foliage and mature landscaping. This fenced-in backyard offers enough room for a pool with plenty of privacy. Off- Street parking for four cars, a first class location, an indoor washer & dryer are a few of the features that make this the perfect Key West home

MLS #601609

HOMEOWNERS, HOMEBUYERS, HOME SELLERS, HOME IMPROVEMENT

WHICH REMODELING PROJECTS
BRING THE MOST JOY?

In 2020, Americans spent $420 billion remodeling their homes, according to a new report by The National Association of REALTORS (NAR) and The National Association of the Remodeling Industry (NARI.) They remodeled to upgrade outdated worn-out surfaces, finishes and materials (30%), add features and improve livability (20%), and just enjoy a change (16%.)   While most consumers (83% of those surveyed) said they would have remodeled regardless of the pandemic, most found that they were happy with the results (57%), satisfied (39%), and felt a sense of accomplishment (69%).  

Homeowners reported that the best results from remodeling were better functionality and livability (35%), durability (22%), and beauty (14%). A whopping 84% of homeowners said they enjoyed their homes more than before they remodeled.  Although most projects were completed with standard quality fixtures and materials, and some with better-quality installations, NAR and NARI calculated the consumers’ typical “Joy Score” at 9.6 out of a possible 10.

So which renovations brought the most joy to homeowners? Interior projects that received a perfect Joy Score of 10 include: painting entire interior of the home, painting one room of the home add a new home office, hardwood flooring refinish, new wood flooring, a closet renovation, insulation upgrade, and attic conversion to living area, said the report.  Scoring 9.8 were complete kitchen remodels and partial kitchen upgrades. A basement conversion to a living area scored a 9.7, and a bathroom renovation scored a 9.6. Adding a new laundry area and a new master bedroom earned a 9.5.

LOCAL EVENTS

JULY CALENDAR

 
 
Share this with someone:

FL Lic #: SL655511
336 Duval St. Key West, FL 33040

©2025 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.