2014 Key West real estate market: Hot sales. Rising prices

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The headline says it all: Keys property values on the rise again.

As the 2013-2014 Key West real estate season winds down, the news for sellers is excellent. Home sales prices are increasing and a low inventory means buyers need to act soon to get the best deal.

Key West sellers saw an increase of as much as 20 percent in average sales price in the first four months of 2014, according to sales statistics from the Keys Multiple Listings Service (MLS). At the same time, buyers who waited hoping for a better deal are finding the market choices narrowing — especially for listings under $1.5 million.

If you’re thinking about selling your Key West home, now is the time to get it listed. And, if you’re ready to buy, get down here soon.

You can search, sort and save our featured listings, as well as the entire MLS at Island Homes Key West. Then give Realtor Brenda Donnelly a call. She’ll help you find the right home, or get your home sold.

And, check out our “Living in Key West” backgrounder and video. They’ll help get you motivated to make Key West your home.