Blog
As of April 15, 2018, there were 115 single family homes for sale in the Old Town area of Key West. Inventory is about normal for this time of year.  Sale prices range from ... read more >
Posted: Apr 16, 2018
The Key West lighthouse dates to 1825 and was one of four lighthouses constructed along the treacherous Florida Keys. The Great Havana Hurricane of 1846 totally destroyed the ori... read more >
Posted: Apr 10, 2018
The good news is March's fourteen sales topped the sum of sales for January and February (13).  The not so good news is, like January and February, these fourteen sales ... read more >
Posted: Apr 03, 2018
Cash Buyers continue to play a large role in home sales in Old Town Key West. From 2014 through 2017, cash sales accounted for an average of 60% of sales. The national average is... read more >
Posted: Apr 02, 2018
"Good morning Ground. This is Mooney Summerland, Ready to taxi with Foxtrot please". "Roger Mooney Summerland,Taxi Runway 3-0. I have new weather for you". "Roger Ground, taxi ru... read more >
Posted: Mar 28, 2018
Six single family homes sold in the Old Town area in February 2018.  The five-year, 2013 - 2017, average for February sales is eleven. Thirteen homes have sold in January an... read more >
Posted: Mar 06, 2018
Last November I wrote a short article about the burgeoning industry of SMART homes and the growing integration and utility of such technologies for the average home owner. SMART ... read more >
Posted: Feb 28, 2018
It was another banner year for guesthouses in Key West.  Even with the kick in the teeth from Hurricane Irma in September, well run guesthouses still had excellent Room, Occ... read more >
Posted: Feb 20, 2018
Seven single family homes sold in the Old Town area in January 2018.  The 5-year, 2013 - 2017, average is nine.  This is a declining average as January sales peaked in ... read more >
Posted: Feb 06, 2018
I met a kindly gentleman from NYC a few days ago at a favorite boutique in Old Town.  We spoke about the Old Town market in 2017 and likely trends for 2018.  He spoke a... read more >
Posted: Jan 16, 2018
In 2015 there were 171 Single family homes sold in the Old Town area, in 2016, 129 sales and for 2017 there were 121 sales. Only February and October 2017 exceeded the 2012 - 201... read more >
Posted: Jan 03, 2018
There are six neighborhoods in Old Town Key West; The Meadows, Old Town - North, Truman Annex, Bahama Village, Casa Marina and Old Town - South.  Here's a map.  Des... read more >
Posted: Jan 02, 2018
We know that one of the rules of a 1031 Tax Deferred Exchange is you have 180 days after the closing of your "relinquished property" to close on the purchase of your "replacement... read more >
Posted: Dec 12, 2017
As noted in my September and October reports, the 4th Qtr is the weakest quarter for home sales in Old Town. September sales were downed by Irma with October picking up those sal... read more >
Posted: Dec 04, 2017
​Ahhh - Key West for Christmas.  No galoshes. No gloves.  No wool hats yanked hard down ‘round red ears, shoulders pinched together and pointed into a braci... read more >
Posted: Nov 25, 2017
SMART homes. Energy efficient. Advanced security. 24-hour monitoring. Allows you to lock 'n unlocked doors, turn lights on and off.  To know when the milk is getting old... read more >
Posted: Nov 19, 2017
Sales of single family homes in Old Town Key West in October rebounded strongly with ten sales. The ten sales were only the second time this year that the sales for a month beat ... read more >
Posted: Nov 06, 2017
I am always amazed how the same agreed upon "facts" can be seen as half full or half empty.  This, the renewed debate over the utility of the Mortgage Interest Deduction (MI... read more >
Posted: Oct 16, 2017
Due to below average sales in July and August, 3rd Quarter home sales for Old Town were likely enroute to a multi-year low - Irma sealed that fate. The three home sales in Septem... read more >
Posted: Oct 04, 2017
I bought my two-story eye-brow house in Old Town Key West in February 1984.  It was a wreck but that's another story.  Since Feb 1984, I recall just three hurricane... read more >
Posted: Sep 15, 2017
Twelve single family homes sold in the Old Town area of Key West in August 2017.  The total home sales January - August of 96 sales is only slightly below normal; i.e., 10% ... read more >
Posted: Sep 06, 2017
From January 1, 2015 until July 31, 2017, seven B&B's, Guesthouses and Inns Sold in Key West. Sale prices ranged from $2.275M to $9M. Presently five such properties are F... read more >
Posted: Aug 30, 2017
Of the twenty years I was in the Navy, I was flying in one way or another for over fourteen years.  Of those fourteen years, for almost ten years I was flying on, off, in an... read more >
Posted: Aug 18, 2017
On June 13, 2017, Democratic and Republican Senators representing Massachuettes, New Jersey, Lousiana, Mississipi and Florida held a news conference to outline the results of the... read more >
Posted: Aug 09, 2017
Ten single family homes sold in the Old Town area in July; down from 14 sales in July 2016 and below the 5-year average of 13. Except for February, sales every month in 2017 have... read more >
Posted: Aug 05, 2017

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