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JUNE 2020

 

Hello Clients, Family & Friends.  First off, we hope you all are healthy and safe.  A home has a new meaning to most of us. We are here on the ground in the Keys if we can help you with anything if you are away.

Please reach out to me if you would like for me to check on your home or Facetime you from that listing you've been checking out.

Berkshire Hathaway HomeServices Knight & Gardner Realty

info@keysrealestate.com   |   305-294-5155
www.keysrealestate.com

 
 

the keys community

The Keys are reopening... Here's what to expect!

BY APRIL RUBIN

WHAT PRECAUTIONS WILL BE IN PLACE?

Monroe County requires masks in public. They should be worn while inside a business, working in public, on public transportation and when around people besides immediate family. They can be taken off while eating in restaurants, in personal vehicles and during distanced outdoor activities.

Airplane travelers who come through Key West International Airport from highly affected COVID-19 areas will be screened.
 

WHERE CAN VISITORS STAY?

Hotels, motels and vacation rentals will reopen Monday, June 1, according to Monroe County guidelines for property owners, with 50% occupancy recommendations. Guests and employees must follow CDC guidelines, and face-to-face interactions such as check-in and check-out will be limited.

Short-term vacation and rental reservations are open to visitors from areas that have COVID-19 case rates less than 700 cases per 100 thousand residents. Visitors from hot spot areas are to be avoided for about a month. International travelers cannot make reservations.

The Lodging Association of the Florida Keys and Key West can be reached at 305-296-4959 and executiveoffice@keyslodging.org to find out which hotels are open.
 

WHAT ARE THE DINING OPTIONS?

Florida Keys restaurants can operate at 50% capacity indoors. Outdoor capacity will not be limited, but tables must be six feet apart and seat no more than 10 people. Restaurants have been open to locals since May 4.

 

For the full article, select image above ^^^^

Here are the Numbers

 Deep Dive into Market Stats over the Past Month

We're monitoring the real estate trends closely to keep you ahread of the market and in the know. That's #Goodtoknow.

 

Lawrence Yun, Chief Economist at the National Association of REALTORS said this week “The temporary softening of the real estate market will likely be followed by a strong rebound once the economic ‘quarantine’ is lifted, and it’s critical that supply is sufficient to meet pent-up demand.”

Comparing May 2020 to May 2019:

In the Florida Keys we sold 155 residential properties compared to 253 last year.  The Average sale price was up $101,372 year over year.  We saw 173 fewer new listings this month compared to 2019.  That is good news if you are a Seller.

The largest change we have been monitoring closely is the number of properties to go under contract.  Last May we had 268 properties compared to only 61 this year.

One statistic we are monitoring closely is the number of contracts to cancel and walk away for any reason- 67 properties have come back on the market this year compared to 63 last year.

NEWS & MEDIA

Mortgage Rates Hit Record Low – Third Time this Year

*Article provided by Florida Realtors®

At 3.15%, the median 30-year, fixed-rate mortgage set another record. It’s down from last week’s 3.24% and the lowest since Freddie Mac started tracking in 1971.

WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold.

Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. It was the lowest level since Freddie started tracking rates in 1971. A year ago, the rate stood at 3.99%.

The average rate on the 15-year fixed-rate mortgage declined to 2.62% from 2.70% last week.

Spurred by the fall in borrowing rates, demand for home purchases by prospective buyers has rebounded from a decline of 35% in mid-April to an 8% increase as of last week, Freddie economists noted.

Sales of existing homes plunged 17.8% in April, the slowest pace since 2011, reflecting the economic damage from the virus that shut down wide swaths of business and social life. The normally busy spring homebuying season has been upended. At the same time, home prices have been rising.

Bleak economic data, meanwhile, continues to pour in. A government report Thursday showed that the U.S. economy shrank at an even faster pace in the first three months of the year than initially estimated. Economists expect a far worse outcome in the current April-June quarter.

The government also reported that 41 million Americans have applied for unemployment benefits since the outbreak intensified in March, though not all are still unemployed. An estimated 2.1 million filed for benefits last week despite the gradual reopening of businesses around the country.

In a glimmer of hope, the overall number of people currently drawing jobless benefits fell for the first time since the crisis began, from 25 million to 21 million, suggesting that some companies are starting to rehire. 

 

Featured property of the month

SHARK KEY VILLA
26 Cannon Royal Drive | Listing ID 590977

This stunning Villa is located on Shark Key, a premier gated community just minutes from Key West. Professionally decorated with a coastal blend of furnishings, this home offers unparalleled craftsmanship and exceptional amenities with carefully selected high-end finishes. Blurring the boundaries between inside and out, retractable automated window treatments recess and doors disappear, turning the kitchen, wet bar, dining and living areas into an extension of the outside social spaces. This entertainment area flows seamlessly onto the beautiful lanai featuring a saltwater infinity pool and spa overlooking the sparkling blue waters of the Gulf of Mexico. The kitchen boasts custom cherry cabinetry, granite countertops, Subzero and Wolf appliances, and large island.

The main level also features a large pantry/laundry room, two full baths, two large guest rooms, pus a dedicated area for a future elevator.
On the second floor, coral sconces and towering columns bring the beauty of the Keys into the owners private sanctuary which includes the spacious master suite and office/den. Architectural details command attention in the master suite where a curved wall clad in grasscloth arcs toward the outside balcony with another set of pocketing doors and sunset views of the gulf waters. Amenities also include a whole house generator, outdoor sound system, wet bar with built in wine cabinet, ice maker and Wolf refrigerator drawers, custom cabinetry throughout, and attached 2+ car garage. This property is meticulously furnished. Furnishings are negotiable and can be purchased turnkey with exclusions. The exclusive community of Shark Key includes the use of a club house, private beach and tennis courts.

#Goodtoknow

LOCAL *OPEN* RESTAURANTS

Below is a list of restaurants that are open for dine-in, "to-go" and delivery.
 

FUN FACT:
Did you know Warren 
Buffett’s secret to staying young? 
"Coca-Cola and ice cream."

 

KEY WEST & STOCK ISLAND RESTAURANTS

  • 22&CO Drinks TO GO 5ish – 9ish
  • A&B Lobster House OPEN DINE IN (50% capacity)
  • Alonzo’s DINE IN (50% capacity) & PICKUP
  • Ana’s Cuban Cafe PICKUP & DELIVERY (305) 293-1352. 
  • Antonia’s Restaurant DINE IN (50% capacity) & PICKUP (305) 294-6565 Open 5pm
  • Azur PICKUP Noon-8pm  305.292.2987
  • Bad Boy Burrito DINE IN (50% capacity), PICKUP & DELIVERY Mon-Fri only 11-7 (305) 292-2697 or order online  @ orderbadboyburrito.com
  • Bagatelle Friday REOPENS 5/22/20 DINE IN (50% capacity) & PICKUP 4p-10p (305) 296-6609 RESERVATIONS SUGGESTED
  • Baypoint Market PICKUP & DELIVERY if necessary. Call 305-745-3882 or order online.
  • Benihana DINE IN (50% capacity) PICKUP Tues – Sat opening at 5p  (305) 294-6400
  • Better Than Sex – A Dessert Restaurant Uber Eats DELIVERY & PICKUP (20%off, including bottles of wine and beer.) 2 free to-go cups rimmed with chocolate with bottles wine purchase. Thursdays – Sundays, from 6 p.m. to 10 p.m
  • Big John’s Pizza PICKUP & DELIVERY (305) 293-9576
  •  The Breakfast Club Too | Coffee Company DINE IN (50% capacity) & PICKUP 8a-1p 305.440.2898
  • Breezy Buddha Fusion Kitchen DINE IN (50% capacity) PICKUP & DELIVERY 305-440-2848 Open Wed-Mon 4-10pm, closed Tues
  • Bruschetta Cucina Italiana PICKUP & DELIVERY 305-440-2845.
  • Cafe Sole DINE IN (50% capacity), PICK UP & DELIVERY  5 p.m. to 9 p.m. closed Sunday (305) 294-0230
  • Camille’s PICKUP & DELIVERY (305) 296-4811 11:30am-9:45 pm 
  • Caroline’s Cafe DINE IN (50% capacity), PICKUP & DELIVERY (305) 294-7511
  • Chef John Hines Meal Prep DELIVERY
  • Chico’s Cantina PICKUP & DINE IN (50% capacity) (305) 296-4714 open 11:30 a.m. to 9 p.m. weekdays and 5 p.m. to 9 p.m. weekends.
  • China Garden West (Searstown) PICKUP & DELIVERY (305) 296-5618order.chinagardenwestrestaurant.com/.
  • Clemente’s Trolley Pizzeria PICKUP & DELIVERY 305-900-7035.
  • Cole’s Peace Bakery DINE IN (50% capacity) & PICK UP (305) 292-0703.
  • Conch Town Liquor & Lounge PICKUP & DELIVERY (305) 296-4343
  • Courthouse Deli & Whit’s Frozen Custard PICKUP & DELIVERY (305) 294-2929 
  • Corner Sandwich Shop PICKUP (305) 440-2128
  • Croissants de France DINE IN (50% capacity)PICKUP & DELIVERY KW (305) 294-2624  Stock Island  (305) 916-5669
  • Cuban Coffee Queen PICKUP & DELIVERY (305) 292-4747
  • Dairy Queen PICKUP
  • Dante’s DINE IN (50% capacity) PICKUP 
  • Date and Thyme. PICKUP & DELIVERY  (305) 296-7766 8am to 2pm Monday through Friday. Closed Sat and Sunday. 
  • Delunas Cafe PICKUP & DELIVERY (305) 453-6654
  • Denny’s PICKUP & DELIVERY — delivery fee waived
  • The Dirty Pig PICKUP & DELIVERY 305-916-5106
  • Dolphin Deli (305) 293-0707
  • Domino’s Pizza PICKUP & DELIVERY
  • Duetto PICKUP & DELIVERY (305)-848-4981 or go online at www.duettopizza.com.
  • Dunkin’ Donuts DRIVE-THRU & PICKUP
  • El Mocho, Stock Island PICKUP & TO GO  305-296-7490
  • El Siboney DINE IN (50% capacity), PICKUP & DELIVERY Old Town – 305-296-4184 | Stock Island 305-204-4725
  • Fernandy’s Café PICKUP & DELIVERY (305) 295-0159
  • Firefly PICKUP & DINE IN (50% capacity) 10a-8p | 305-849-0104
  • First Flight DINE IN (50% capacity) & PICKUP Wednesday-Sunday 12PM-8PM (305) 293-8484
  • Five Brother’s PICKUP (305) 296-5205
  • Five Guys PICKUP
  • Fisherman’s Cafe PICKUP & DELIVERY 305-741-7044
  • The Flaming Buoy Filet Co. DINE IN (50% capacity)PICKUP & DELIVERY LUNCH FROM 11:00am TO 2:00pm
  • DINNER FROM 5:00pm to 8:00pm (305) 295-7970
  • Flamingo Crossing DINE IN (50% capacity), PICKUP (305) 296-6124
  • Frita’s Cuban Burger Cafe DINE IN (50% capacity), PICKUP &  DELIVERY 405-509-7075
  • Four Marlins at The Reach. DINE IN (50% capacity) for Sunday brunch 11 a.m. to 4 p.m., dinner Monday – Saturday from 5:30 p.m. to 9:30 p.m. 305 293 6250
  • Garbos’ Grill DINE IN (50% capacity), PICKUP & DELIVERY 305-304-3004
  • Geiger Key Marina and Fish Camp DINE IN (50% capacity) & PICKUP (305) 296-3553
  • Goldman’s Bagel Deli PICKUP, DINE IN (50% capacity) & DELIVERY to KW, Stock Island, Key Haven. Breakfast and lunch Mon-Sat 7am-4pm Sun 7am-3pm.
  • Grain & Berry Key West DINE IN (50% capacity) PICKUP & DELIVERY (305) 414-8488
  • Grand Vin Wine Bar, CARRYOUT bottles and free DELIVERY. 305 296 1020. Noon to 8p
  • Hanks Hair of the Dog DINE IN (50% capacity) & PICKUP Noon-8pm -7 days a week
  • Hard Rock Cafe Key West PICKUP 11 a.m. to 7 p.m. (305) 293-0230
  • Harpoon Harry’s PICKUP & DINE IN (50% capacity) (305) 294-8744 
  • Hogfish DINE IN (50% capacity), & PICKUP (305) 293-4041
  • Hurricane Hole DINE IN  (50% capacity) & PICKUP 305-294-0200
  • IHOP Key West – 6am to 10 pm PICKUP & DELIVERY (305) 292-6319
  • Indian Harbor DINE IN (50% capacity) PICKUP & DELIVERY (305) 296-4811 11:30am-9:45 pm 
  • Jack Flat’s DINE IN (50% capacity),, PICKUP & DELIVERY 305-294-7955
  • Jimmy Buffett’s Margaritaville DINE IN (50% capacity),, PICKUP 11a – 9p 305-292-1435.
  • Jose’s Latín Food. PICKUP & DELIVERY 305-741-7818 or 305-304-6838. 9a-8p
  • Kennedy Cafe PICKUP & DELIVERY (305) 809-9000 open 8am-midnight
  • Kermit’s Kitchen DINE IN (50% capacity) & PICKUP 305-906-0325
  • Key West Cuban Coffee Shop PICKUP 8am-2pm (305) 440-2452
  • Key West Fine Wines PICKUP & DELIVERY (305) 916-5742
  • Kim’s Kuban PICKUP & DELIVERY (305) 296-2878
  • Key Plaza Creperie DINE IN (50% capacity),, PICKUP & DELIVERY (305) 517-6032
  • La Crêperie – French Café Key West DINE IN (50% capacity), PICKUP & DELIVERY 305.517.6799
  • La Grignote DINE IN (50% capacity) PICKUP & DELIVERY (305) 916-5445 Wed-Sun 7am-2pm
  • La Michoacana Key West PICKUP 
  • La Te Da DINE IN (50% capacity), & PICKUP (305) 296-6706
  • La Trattoria Oceanside opening May 26th DINE IN (50% capacity) with outside seating available & PICKUP Tues-Sat opens @ 5pm
  • La Trattoria Old Town ESTIMATED Opening Date June 2nd DINE IN (50% capacity) with outside seating available & PICKUP Tues-Sat opens @ 5pm 
  • LL’s Test Kitchen @ Stock Island Yacht Club DINE IN (50% capacity) PICKUP & GROCERIES TO GO (305) 292-3121 x 3 | pool open by reservation
  • Lola’s Bistro DINE IN (50% capacity) & PICKUP (305) 204-4457 
  • Lost Kitchen Supper Club  PICKUP & DELIVERY (305) 896-2087 Key West to Key Haven with special request to Big Coppit.
  • Mangia Mangia DINE IN (50% capacity)  PICKUP, & DELIVERY (305) 294-2469 
  • Mary Ellen’s PICKUP & DELIVERY Daily 12p -9p (305) 294-7750 or order online www.maryellensbar.com
  • Mangoes DINE IN  (50% capacity) & PICKUP (Open for two weeks – May 22-24 and May 29-31) Fridays, Saturdays and Sundays, 4 – 9pm. 
  • Mayanjali organic cafe PICKUP & DELIVERY www.facebook.com/mayanjalicafe
  • Miami Subs Grill PICKUP & DELIVERY
  • Misohappy DINE IN (50% capacity) PICKUP & DELIVERY (305) 509-7868
  • Moon Dog Cafe DINE IN (50% capacity), TAKE OUT & DELIVERY Mon – Fri 10a-2p | 5p-9p Weekends 9a-9p 305-741-7699
  • Mr. Z’s – Old Town PICKUP & DELIVERY (305) 296-4445 Open 10:30am – Midnight
  • New York Pasta Garden DINE IN (50% capacity), PICKUP & DELIVERY (305) 292-1991
  • Nine One FIve DINE IN (50% capacity)& PICKUP Wed-Sun 5p-10p
  • Paradise Pizza TAKEOUT & DELIVERY (305) 292-4100 Open 12:30pm-12am
  • Pinchers Crab Shack DINE IN (50% capacity) & TAKE OUT 12p-9p 305-440-2179
  • Ocean Grill & Bar DINE IN (50% capacity), PICKUP & DELIVERY 11 a.m. to 9 p.m. (305) 296-4300
  • Off the Hook Grill Key West DINE IN (50% capacity), PICKUP & DELIVERY (305) 741-7980
  • Old Town Bakery, Key West PICKUP & DELIVERY | 7:30-2:30 every day | (305) 396-7450
  • One Love Food Truck PICK-UP, DINE-IN & DELIVERY Old Town-Sugarloaf Open Tuesday – Sunday 11 a.m. to 6 p.m. Call 305-393-9169.
  • Outback Steakhouse PICKUP & DELIVERY (305) 292-0667
  • Paradise Restaurant PICKUP & DELIVERY (305) 293-9599
  • Pepe’s Cafe DINE IN (50% capacity) & PICKUP 8a-8p
  • Pescado PICKUP & DELIVERY 305.396.7425
  • Prime 951 DINE IN (50% capacity), DELIVERY & PICKUP  305-296-4000
  • The Raw Machine PICKUP & DELIVERY (305) 240-5653
  • The Stoned Crab DINE IN, (50% capacity) TAKE OUT 9am to 8pm and are subject to change.
  • Ram’s Head Southernmost DINE IN (50% capacity) & PICKUP Mon-Fri 12p-11p Sat & Sun 9a-11p 305-440-3196
  • Red Shoe Grill (in the Bourbon Street Complex) PICKUP & DELIVERY
  • Roostica (Stock Island) DINE IN (50% capacity) & PICKUP 4PM-9PM (305) 296-4999
  • Salty Angler DINE IN (50% capacity), PICKUP & DELIVERY 305-741-7071
  • Sandy’s Cafe PICKUP & DELIVERY (305)296-4747
  • Santiago’s Bodega DINE IN (50% capacity) & PICKUP (305) 296-7691
  • Schooner Wharf – DINE IN (50% capacity) & PICKUP 305-292-9520
  • Seven Fish DINE IN (50% capacity) & PICKUP 5pm-10pm, 6 days a week, we are still closed on Tuesdays.. 305-296-2777 
  • Seagrass Thai & Sushi DINE IN (50% capacity) PICKUP & DELIVERY (305) 296-8608 Mon-Sat 11am-10pm, Sunday 4-10pm
  • Shanna Key Irish Pub DINE IN (50% capacity) & PICKUP 11a – 12a
  • Sister Noodle House PICKUP & DELIVERY (305) 900-3057 open 11am-10pm
  • Sinz PICKUP OR DELIVERY ALL THE WAY TO BIG COPPITT ORDER ONLINE www.SinzBurritos.com
  • Smoked BBQ PICKUP, DINE IN (50% capacity) & DELIVERY (305) 741-7409 Tuesday – Sunday 11am-9pm with local discount.
  • Smokin Tuna DINE IN (50% capacity) & PICKUP
  • Smoothie Shuttle PICKUP & DELIVERY (305) 434-2842 open Mon-Sat 9am-8pm, Sun 11am-6pm.
  • Sonic Burger DRIVE-THRU PICKUP
  • Stock Rock Cafe DINE IN (50% capacity), PICK UP & DELIVERY 305-363-2811 Open Daily 11-9pm
  • Subway PICKUP
  • Sunset Pier DINE IN (50% capacity) 4p-Sunset Daily
  • Sushi Song DINE IN (50% capacity) PICKUP 11am – midnight and are offering 15% off for locals.
  • Sweetest Knights PICKUP & DELIVERY (305) 296-1184 Pre-prepped $8-10 meals for pick up or delivery Mon-Fri.
  • Taco Express PICKUP & DELIVERY
  • Thai Island Restaurant & Sushi Bar DINE IN (50% capacity) PICKUP  & DELIVERY (305) 296-9198 open 11a-10pm
  • Tong’s Garden Chinese Restaurant DELIVERY
  • Two Friends Patio DINE IN (50% capacity), PICKUP & DELIVERY (305) 296-3124
  • Uva Key West PICKUP & DELIVERY 305-735-4871
  • Viva Saloon DINE IN (50% capacity), PICKUP & DELIVERY 12pm to 10pm limited local discount 
  • ViV Wine Bistro PICKUP & DELIVERY 2p-7p 305.517.6799
  • Wendy’s Drive Thru Pick up & Delivery through Doordash
 
 
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30362 Overseas Highway Big Pine Key, FL 33043

©2020 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.