How Much is Your Key West Home Worth?

With the national residential real estate underway, many in Key West are wondering how much their house is worth.Forget appraisal numbers. Many properties are selling below those estimates.

A better indication of current home values - and the temperature of the real estate market - is recent sales data.

Following are the residential real estate transactions for Key West during the month of March, according to the Key West MLS. I have excluded the "sales" of the Santa Maria Condominiums (Sally O'Boyle wrote an excellent post about the Santa Maria numbers). I've calculated price per interior square foot for a better sense of where buyers are meeting sellers:

Listing Date: 12/4/2006 Selling Date: 3/20/2007 Original Price: $690,000 Listing Price $625,000 Selling Price: $565,000 Address: 803 Virginia St Interior Sq Ft. 1,000 Price per Sq Ft.: $565

Listing Date: 1/10/2007 Selling Date: 3/19/2007 Original Price: $515,000 Listing Price $515,000 Selling Price: $475,000 Address: 3685 Seaside Dr 206 Interior Sq Ft. 798 Price per Sq Ft.: $595

Listing Date: 3/3/2006 Selling Date: 3/16/2007 Original Price: $355,000 Listing Price $315,000 Selling Price: $319,725 Address: 419 William St 5 Interior Sq Ft. 369Price per Sq Ft.: $866

Listing Date: 10/20/2006 Selling Date: 3/16/2007 Original Price: $899,500 Listing Price $899,500 Selling Price: $797,000 Address: 1105 Washington St Interior Sq Ft. 1,374 Price per Sq Ft.: $580

Listing Date: 1/12/2007 Selling Date: 3/16/2007 Original Price: $425,000 Listing Price $424,900 Selling Price: $400,000 Address: 900 White St 1 Interior Sq Ft. 650 Price per Sq Ft.: $615

Listing Date: 2/2/2007 Selling Date: 3/16/2007 Original Price: $525,000 Listing Price $525,000 Selling Price: $456,000 Address: 3727 Flagler Ave Interior Sq Ft. 1,392 Price per Sq Ft.: $327

Listing Date: 3/7/2007 Selling Date: 3/16/2007 Original Price: $1,895,000 Listing Price $1,895,000 Selling Price: $1,750,000 Address: 635 William St Interior Sq Ft. 1,670 Price per Sq Ft.: $1048

Listing Date: 1/12/2007 Selling Date: 3/15/2007 Original Price: $519,000 Listing Price $519,000 Selling Price: $519,000 Address: 1126 Stump Ln Interior Sq Ft. 610 Price per Sq Ft.: $851

Listing Date: 1/31/2007 Selling Date: 3/15/2007 Original Price: $719,000 Listing Price $719,000 Selling Price: $699,000 Address: 3713 Pearlman Ter Interior Sq Ft. 2,122 Price per Sq Ft.: $329

Listing Date: 11/17/2005 Selling Date: 3/14/2007 Original Price: $550,000 Listing Price $350,000 Selling Price: $315,000 Address: 2601 Roosevelt Blvd 508 A Interior Sq Ft. 750 Price per Sq Ft.: $420

Listing Date: 9/5/2006 Selling Date: 3/14/2007 Original Price: $595,000 Listing Price $569,000 Selling Price: $555,000 Address: 1106 Elgin Ln Interior Sq Ft. 1,490 Price per Sq Ft.: $375

Listing Date: 8/14/2006 Selling Date: 3/9/2007 Original Price: $649,000 Listing Price $569,000 Selling Price: $510,000 Address: 1714 Seminary St Interior Sq Ft. 1,512 Price per Sq Ft.: $337

Listing Date: 9/25/2006 Selling Date: 3/9/2007 Original Price: $549,000 Listing Price $399,000 Selling Price: $350,000 Address: 808 Virginia St 2 Interior Sq Ft. 1,031 Price per Sq Ft.: $339

Listing Date: 2/2/2007 Selling Date: 3/7/2007 Original Price: $1,100,000 Listing Price $1,100,000 Selling Price: $1,000,000 Address: 314 Margaret St Interior Sq Ft. 1,156 Price per Sq Ft.: $865

Listing Date: 1/28/2006 Selling Date: 3/6/2007 Original Price: $825,000 Listing Price $695,000 Selling Price: $637,500 Address: 1301 Newton St Interior Sq Ft. 1,368 Price per Sq Ft.: $466

Listing Date: 10/11/2005 Selling Date: 3/5/2007 Original Price: $1,495,000 Listing Price $1,095,000 Selling Price: $950,000 Address: 1329 Duncan St Interior Sq Ft. 1,884Price per Sq Ft.: $504

Listing Date: 1/9/2007 Selling Date: 3/2/2007 Original Price: $649,000 Listing Price $649,000 Selling Price: $569,000 Address: 1700 Seminary St Interior Sq Ft. 2,682 Price per Sq Ft.: $212

Listing Date: 12/27/2005 Selling Date: 3/1/2007 Original Price: $1,525,000 Listing Price $1,495,000 Selling Price: $1,325,000 Address: 908 Packer St Interior Sq Ft. 2,086 Price per Sq Ft.: $635

Listing Date: 11/17/2006 Selling Date: 3/1/2007 Original Price: $475,000 Listing Price $399,000 Selling Price: $385,000 Address: 1901 Roosevelt Blvd N-107 Interior Sq Ft. 938 Price per Sq Ft.: $410

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