So many people want to buy a cute little house on a great block in the heart of Old Town. But when the chance arises, most shy away. Right now many fear that we have not seen the bottom of the market so they think they will wait it out to see what happens. Some would-be buyers are "bottom feeder
...
05/12/2008
Nine minutes past noon yesterday, May 9th, the listing Realtor dropped the asking price to a fixed price of $415,000 on 1707 Leon Street in the east Casa Marina Area of Key West. By 4:00 PM two contracts had been submitted. I sent e-mails to potential buyers who have asked me to notify them of r
...
05/10/2008
Got a few hundred thousand dollars laying around earning only 2% interest or so? Are you as afraid of the stock market as I am? Does the rotten economy scare the beejeezus out of you? Ever since I made my first trip to Key West many years ago I noticed there were always several guest houses for
...
05/10/2008
The charming home at 728 Love Lane in Key West is located down a quiet lane in the heart of Old Town and is an exceptional 3 bedroom, 3 bath home. The location is an easy stroll to the center of Duval Street. This residence is a must see for anyone who desires the best in location, privacy, secu
...
05/09/2008
I was full of doom and gloom yesterday as I listened to the evening news. There was a story about good people in Minneapolis who have had their electric power turned off because of past due utility bills. A Minnesota state law forbids power companies from yanking the power cord during the winter
...
05/07/2008
This little charmer at 730 Passover Lane sits directly across the street from the Key West Cemetery. The home has been on the market for some time and the price has been periodically reduced from $795,000 to $499,000. That's right, $499,000. Now it is officially affordable as well as adorable. C
...
05/05/2008
Sometimes I think I sound too pessimistic about what is going on in the Key West real estate market. I talk about prices going down instead of up. I talk about short sales where sellers potentially (Ha!) owe more money to the bank than the property will fetch at sale. I mention bank foreclosures
...
05/04/2008
There were 23 single family homes that sold in April 2008 for a total of $16,442,000. The one an only short sale was at 1119 Oliva Street that I reported earlier this week. But there were three bank foreclosures that sold. All three sold for about one half of the original mortgage amount. Intere
...
05/02/2008
