Just thought you should know I have just reduced the price of this water front home to $2,150,000. Way below what the current owner paid and he may include several thousands of dollars worth of furniture. This home was built 10 years ago of poured concrete. Spacious 4 bedrooms 4 1/2 baths. It probably has one of the largest heated pools in Key West. Call for an appointment, it is generally easy to show.

Real Estate in Key West

If your waiting to buy a home in Key West for a price, you may have a pretty difficult time. At this point our inventory is very low, which generally creates a price increase. We have seen many properties sell this season and at this time have very few short sales or REOs available. I remember in 1999 when people sat back and said will just wait until the market comes down and it didn't, it kept shooting up, to where it was untouchable for most. Well now it isn't like that, although we are still expensive, it's more affordable, but that won't last.


If you are thinking of buying, some great tips to make it easier for you and your REALTOR,
would be to bring with you prequalifing letter from your bank or accountant. I learned my lesson with a customer who didn't have one and didn't have any idea what they could afford, although they bought a great house we discovered that when we went for financing, they could have spent a great deal more. Try to have a clear idea of what area you want to be in and what style you are looking for including the amount of bedrooms and baths. Remember Key West is


not like the place you live in, you will be buying something very different and generally not as large as your primary home. Remember also Key West is not a town governed by square ft price, as not two houses are the same or on the same size lots.


In another few days Iwill be posting some great new listings. In the meantime visit my Web site for current available and call me before you are ready to come down.


Cory Held

www.coryheldrealtor.com
305-240-0355

HGTV

I hope you all got to see the new HGTV last night called Beachside Properties. It feature me with 3 outstanding properties in Key West. This show will be repeated many times. It shows just how great the houses are here. The customer featured bought an incredible 5 bedroom home and have since done so much to improve it. You can do the same. Although there is little inventory right now, there are some magical places still on the market...
We are very fortunate here in that this is such a special island, so the overall market trends of the rest of the nation don't apply. Although Key West has seen a dramatic drop in prices since last year we still up over the national average...Having said that this maybe the last opportunity for you to get in on our bottom.
I have consistently been in the top 10 agents here for the last 5 years and would love the opportunity to help you or even answer your questions. From time to time I will post some
photos of homes for you to view, but for now I will try to keep you informed as to where we are.