Key West Real Estate - Yesterday, Today and Tomorrow

Key West Real Estate - Just The Facts

Slipping Old Town Sales

2015 started hot with record 1st Qtr Old Town area sales but each following Qtr fell short of the previous year with Aug, Oct, Nov and Dec each closing less than 10 sales. 2015 sales were off 5% from 2014. Sale price per square foot of $626 topped $600 for the second year in a row (2014 was $608, first ever over $600) with both the smallest (1bed/1bath) and largest (4bed/4bath) topping $700 per square foot. Yet 2015 average sales price was off 6% from 2014. Length of time to sell also increased with 2bed/1bath, 3bed/3bath and 4bed homes averaging 170 days or more. Courtesy of John Parce Continue reading ...