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real estate for sale by Lynn Kaufelt in Key West, FL

Kaufelt Report - Spring 2006

We were happy to see an end to 2005. It’s been a tough few months for many recovering and trying to rebuild after Wilma swept through the Keys. Fortunately, we’re here, we’re looking great and we’re optimistic about the future. It’s a rare Buyer’s Market and opportunities abound with many properties priced lower than we’ve seen in years.

Comparison of Active Key West Real Estate Listings

May 3, 2005 May 3, 2006
Active Listings  
Avg. List Price
Active Listings  
Avg. List Price
2 Bedrooms 89
$854,289.
2 Bedrooms 133
$946,252.
3 Bedrooms 174
$1,176,891.
3 Bedrooms 240
$1,266,135.
4 Bedrooms 102
$2,169,689.
4 Bedrooms 95
$1,705,753.
Condos 295
$828,315.
Condos 434
$782,058.
real estate for sale by Lynn Kaufelt in Key West, FL
Total 660   Total 902  

Comparison of SOLD Key West Real Estate Listings

January 1 – May 3, 2005 January 1 – May 3, 2006
Sold Listings  
Avg. Sell Price
Sold Listings  
Avg. Sell Price
2 Bedrooms 53
$851,622.
2 Bedrooms 28
$752,848.
3 Bedrooms 62
$1,127.136.
3 Bedrooms 19
$845,816.
4 Bedrooms 33
$1,739,959.
4 Bedrooms 14
$1,840,000.
Condos 138
$679,293.
Condos 29
$804,529
real estate for sale by Lynn Kaufelt in Key West, FL
Total 286   Total 90  

Dollar Volume Sold January thru April, 05 $137,627,209.
Dollar Volume Sold January thru April, 06 $78,784,745.

The Key West Literary Seminar, founded by David A. Kaufelt will celebrate its 25th anniversary next January - quite a milestone for the organization that continues to present world class literary programming on our little island. The 2007 topic is Wondrous Strange, Mystery, Intrigue and Psychological Drama. For more information
visit www.keywestliteraryseminar.org.

The Take Stock in Children scholarship program will graduate 45 seniors this Spring in the Keys, the biggest class ever. These seniors will join 86 Take Stock Scholars who are already in college. Huge thanks to state and local support for this worthy program. If you’d like to be a mentor contact Steve Bear at 305-293-1418.

Studio Key West: Gabriella Fiabane is the 2006 Studio Key West artist. Ms. Fiabane, a recent honors graduate from FKCC will be artist in residence at the Nantucket Island School of Design and The Arts. Each year Studio Key West, an emerging artists community, sends Key West artists and writers to artist communities throughout the United States. To date this program has supported the residencies of 12 local artists and writers.

 

Information on the Florida Keys real estate market