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Homes in Key West FL $400,000 to $600,000

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Real Estate Agent 3112649

 

Homes in Key West FL $400,000 to $600,000

 
 
 
 

Homes are unique, especially in Key West FL, which can make it difficult to decide what to offer. Average price per square foot is not a useful tool although it is a starting point for analyzing the data. Reports for Old Town Key West FL are at the bottom of this post. Many buyers consider original list price, sold list price of comparable homes, average asking price to average sold price of sold homes and average price per square per foot. Investors may consider the capitalization rate.

 

Scorecard for Homes in Key West FL

 

55 available single family homes in Key West FL priced between $400,000 and $600,000. The average price per square foot is $400.

 
 

25 single family homes under contract in Key West FL priced between $400,000 and $600,000. The average price per square foot is $350.

 

35 sold single family homes during the last 6 months in Key West FL. This includes the whole island and all homes, fixer uppers and perfect homes, priced between $400,000 and $600,000. The average price per square foot of sold single family homes is $366.


Comments (6)

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN
Maya, It sure is expensive living in paradise! Your average price per square foot is about 4-5 times greater than our homes in West Lafayette, but we sure don't have those BEAUTIFUL sunrises and sunsets that you do, Maya! ^_~ Hope you get some new buyers from your post, Maya!
Feb 06, 2013 05:26 AM
Maya Thomas, Broker
Tampa, FL
Please see my client recommendations.

Our prices are quite a shock for most buyers!  Our 70 to 75 degree winter weather seems to make up for the price tag!  Thank you for the good wishes Bruce! 

Feb 06, 2013 05:30 AM
Robert Rauf
CMG Home Loans - Toms River, NJ

Maya, Great local Information!  What does $400k Buy you in Key West? and is it something that would require a lot of work?

Feb 06, 2013 05:43 AM
Maya Thomas, Broker
Tampa, FL
Please see my client recommendations.

Hi Robert!  $400,000 is a starter home that typically needs a lot of work.  Unless it's very small.  You can pick up a move in ready 500 square foot cottage in the historic walking district of Old Town for approximately $470,000.  You can pick up a 300 to 400 square foot condo for $400,000  to $600,000 depending upon the condition and finishings.

Feb 06, 2013 06:20 AM
Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Hi Maya,

 

The Keys are a very unique place, with unique homes  and anyone looking to buy or sell should hire you, an expert and great professional.

Feb 07, 2013 02:21 AM
Maya Thomas, Broker
Tampa, FL
Please see my client recommendations.

Well said Patty!  There are a lot of unique characteristics and land use regulations.  A buyer should definitely hire a buyer's agent!

Feb 13, 2013 09:21 AM