Key West Homes for sale
Popularized by literature, film, and song, Key West Florida is a well-known international destination, with a very vibrant real estate market and tropical lifestyle that is quintessential of the islands of the coast of Florida. Located in Monroe County, it is one of the most populated keys in the island archipelago, with about 25,000 residents. The median household income in the area is $53,000, above the statewide median of $45,000, and the median age of its residents is young, about 42 years old.
Known for its wonderful weather, many of the residents choose to call this island home because of its tropical climate, which offers some of the best winters in the country, with overnight temperatures falling into the high to mid sixties and daytime highs reaching up to the mid to high seventies. Spring and fall are spectacular, and summers are breezy and warm. With such opportunity, residents participate in outdoor activities almost every day of the year. Popular recreational pursuits are boating, fishing, snorkeling, sunbathing, sightseeing, and sunrise and sunset are memorizing events.
The real estate market here is very stable, providing a great investment opportunity for relocation, a second home, retirement, or income properties. The average listing price in Key West is $841,700, with a median sales price of $407,500. The average sales price per square foot is $421, and there is a nice variety of single family homes, townhomes, and condos. Distressed properties represent about one-third of all active listings, providing ample investment opportunities.