Key West Real Estate News

Key West & The Lower Keys News & Listings:  May 17, 2019

Sponsored By:

Vic Musmanno, P.A.

Broker Associate ABR*, CRS**

Coldwell Banker Schmitt Real Estate

“Helping Visitors Become Neighbors”

20th Year as a Top Selling Key West Realtor



Featured Properties of the Week

1901 S. Roosevelt Blvd., 104S, Key West

– Ocean view on Smathers Beach

– 2 BR & 2 BA w/ a modern open floor plan

– Vacant & move in ready

– Beautiful newer kitchen & plank tile floors in the living area

– Utmost convenience to elevator & covered parking bay

– Pool, hot tub, saunas, grilling area

– $565,000

View all La Brisa Condominiums listed for sale:  Click Here


New Listings & Price Reductions

Key West

New Listings

Price Reductions


Lower Keys

New Listings

Price Reductions


684 Residential Properties Listed For Sale In Key West & The Lower Keys (Key West To MM 38)

Available Residential Properties By Area

Key West:  318 Properties, from $289,000

Lower Keys:  366 Properties, from $130,000

Marathon Key & Surrounding Areas: 336 Properties, from $109,000

Upper Keys:  659 Properties, from $168,000


Key West Market Snapshot

59% Single Family Homes:  188

21% Condominiums:  68

9% Townhomes:  28

11% Multi-Unit Properties:  34


0 – $250k:  0 Properties

$250k -$500k: 34 Properties

$500k – $1m:  128 Properties

$1m – $1.5m:  62 Properties

$1.5m – $2m:  35 Properties

$2m+:  59 Properties


Lower Keys Market Snapshot (MM 6 – 40)

79% Single Family Homes:  289

1% Condominiums & Townhomes:  5

5% Multi-Unit Properties:  9

15% Mobile Homes:  63


0 – $250k:  25 Properties

$250k – $500k:  101 Properties

$500k – $1m:  156 Properties

$1m – $1.5m:  35 Properties

$1.5m – $2m:  23 Properties

$2m+:  26 Properties


April 2019 Sales Statistics

Key West:  61 residential properties sold totaling $45.03m:  Click Here

– 9 sold at or more than the list price

– 24 sold for all cash

– Average sales price of $958,008

– Average list price discount 3.5%


Lower Keys (mm 6 to 40):  67 residential properties sold totaling $43.56m:  Click Here

– 12 sold at or more than the list price

– 24 sold for all cash

– Average price of $650,232

– Average list price discount 5.2%


Elevate Your Key West Area Home Search … More real time information is now available to you & entirely mobile device ready.  You’ll have the buyer advantage to be notified immediately when there are new listings & price reductions.  Our new real estate Multiple Listing Service (MLS) provider in the Key West area is the single most accurate source for on-line real estate information, as third party vendor sites like Zillow, Trulia & merely extract their information from other sites


For your custom subscription, please email


Feel free to contact me at any time, to discuss buying your new home in the Fabulous Florida Keys!


Best Regards,




Vic Musmanno, P.A. 

Certified Residential Specialist

Coldwell Banker Schmitt Real Estate

Key West, Florida Ph: 305-294-0123

“Helping Visitors Become Neighbors”

20th Year as a Top Selling Key West Realtor


Properties featured on this web site are not necessarily the listing of the web site host or his broker.  The intent of this information is to present to the public an accurate and concise representation of the available properties in the Key West & Florida Keys.  Information regarding these listings has been derived from the Key West Association of Realtors MLS.


* All data used for real estate sales statistics and other related activity was derived from the Florida Keys MLS.


*Only 2% of all real estate agents in the United States are certified by the Real Estate Buyer’s Agent Council and National Association of Realtors as Accredited Buyer Representatives (ABR).  With over 1000 licensed real estate agents in the entire Florida Keys, only a select few have earned this professional designation – and Vic Musmanno is one!  From the initial selection of properties, all the way through contract negotiations and settlement, you can now have an agent specifically committed to representing your best interests when buying a home.  Consumer advocacy groups have endorsed such representation, and licensing laws have been reworked to enable and encourage representation for THE BUYER.


**The National Association of Realtors Council of Residential Specialists awards the prestigious Certified Residential Specialist designation to recipients who demonstrate significant experience and volume of real estate transactions and successfully complete advanced courses in real estate practices.  Only 4% of all Realtors have earned this prestigious credential, and council members were involved in nearly 25% of all residential real estate transactions in the U.S.


***A buyer is eligible for this offer when registered with a Buyer’s Representation Agreement with Vic Musmanno prior to purchase and buyer successfully closes on the property.  Offer may not be available if any referral or cooperating agents are involved, and may not be combined with other offers.