PEAK SEASON IS HERE
As peak season unfolds, the Key West real estate market is showing steady, though cautious, activity. While January began slower than expected, market dynamics suggest both buyers and sellers are adjusting to evolving conditions. Inventory is rising, providing buyers with more options, but also leading to an increase in stale listings. This has prompted 110 price reductions in January alone, signaling heightened seller motivation. Interest rates, now stabilizing around 6-7%, are becoming more accepted as the new normal. This shift in buyer expectations could drive increased sales in the coming months. Additionally, with the election behind us, reduced political uncertainty may further encourage market activity, though the impact of new housing policies remains to be seen. While the year started with moderated momentum, rising inventory, strategic pricing, and stabilizing rates point to potential growth in the Key West real estate market. Staying attuned to policy changes and market trends will be key for navigating the season ahead.
FEATURED LISTING
3731 Eagle Avenue is a 3 bedroom and 3 bathroom property that is now offered at an incredible new price: $2,120,000! Designed and built by a locally renowned contractor this home is an exceptionally crafted two-story masterpiece.
For the full listing click here.
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TEAMKAUFELT TESTIMONIALS
“How do we begin to thank you all—firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure—and then to you, Ted, for your super-hard work? I know it’s been a challenging time in real estate, and we feel so lucky and grateful to have had TEAMKAUFELT to take us through it. It’s extra hard selling something with multiple owners who live far away, and y’all were totally valiant keeping us informed and giving us your best instincts to find the right buyer.”
NENNA & NICK E.
“Team Kaufelt were the perfect realtor partners at every step - from taking the most fabulous photos and video for marketing, to prepping our property for showing, vetting the prospective buyers, keeping us informed at every stage right up to the successful selling of our home. We could not recommend them highly enough!”
ROSI & JEFF W.
“Ted Stewart was professional, very responsive, and was always a step ahead. Old Town Fitness was the first business we bought in Florida and we are very happy with the service we received from TEAMKAUFELT. From rides to the airport to specific details pertaining to closing the deal, everything was smooth. Looking forward to our next commercial and/or residential deal with you in the future!”
AL F. & JOHN M.
“Lynn Kaufelt and her team are outstanding. Lynn herself is the leading realtor in Key West FL, having lived and worked here for several decades. She is universally admired and respected, both as a realtor and as a member of the community. Her team are all outstanding in their own right - knowledgeable, helpful, responsive, and completely committed."
CLAIR M.
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