Key West, Florida
Average Home Sizes and Asking Prices
Updated On: March 13, 2014
|Sold Price History in 33040|
Homes for Sale in Key West
Key West Real Estate & Homes for Sale in Florida
A city lost in time, Key West at once offers a glorious past and a promising future. Not long after Christopher Columbus reached the New World in 1492, adventurer Ponce de Leon and fellow Spanish chronicler Antonio de Herrera set sail toward Florida in search of the illusive Fountain of Youth. They never found the Fountain but they did find the Florida Keys. The day was Sunday, May 15, 1513. Today, Key West is the final stop on the Overseas Highway, where the land ends and meets the sea amid 19th-century charm and 20th-century attractions. The ambiance of the nation's southernmost city -- which is situated closer to Havana than Miami -- is embedded in the quaint, palm-lined streets, historic gingerbread mansions built a century ago and a relaxed citizenry of self-styled "Conchs."
| Key West City Guide |
Key West, FL Real Estate Market & Home Prices
While the housing market in Key West proper is tight, properties in outlying areas are quite affordable. One-bedroom condominiums start at $245,000. Small single-family homes start at $300,000 and run into the millions. Larger estates with ocean frontage and spectacular views can go for $3 million or more.
Key West Real Estate Stats and Trends for the week of March 10th, 2014: homes priced around $993,593 compared to $1,002,662 the previous week, for a slight decrease of less than -1%. For Wednesday, March 12th, the current national mortgage rate for a 30 year fixed mortgage is 4.36%; the 15 year fixed rate is at 3.38%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.43%, while the 15 year jumbo rate currently is at 3.77%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Key West FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Key West to help you find the best home!