Key West Market Pulse: A Season of Stability – April 2025 Insights

 

As April comes to a close, the Key West real estate market is showing signs of welcome stability—an encouraging shift after several years of volatility. The sharp price surges of 2021 and 2022 have given way to a more balanced, sustainable environment in 2025, offering both buyers and sellers a clearer, more predictable landscape. Compared to this time last year, the market is moving at a steadier, more thoughtful pace. While demand remains healthy, the intense urgency that once defined the post-pandemic period has notably eased. Properties with architectural charm, historical significance, or prime locations continue to command attention, but decisions are being made with more strategy and less haste. This more deliberate tone is reshaping how both sides of the transaction engage. Buyers are taking the time to evaluate long-term value, while sellers are leaning into pricing and presentation to stand out. The market is no longer about who moves fastest—it’s about who moves smartest.

In short: Key West continues to offer compelling opportunities, but success today is built on preparation, patience, and precision.

 

 

 

 

 

 

FEATURED LISTING

 

913 Watson Street, Key West

Tucked away on one of Key West’s most private and secluded streets—seriously, if you’ve never been to 913 Watson Street, you’ve probably never been on this block—this meticulously reimagined historic home, built prior to 1912, is the epitome of island living.

 

 

 

 

 

TESTIMONIALS

“How do we begin to thank you all-firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure-and then to you, Ted, for your super-hard work? I know it’s been a challenging time in real estate, and we feel so lucky and grateful to have had TEAMKAUFELT to take us through it. It’s extra hard selling something with multiple owners who live far away, and y’all were totally valiant keeping us informed and giving us your best instincts to find the right buyer.”

NENNA & NICK E.

 

“Team Kaufelt were the perfect realtor partners at every step – from taking the most fabulous photos and video for marketing, to prepping our property for showing, vetting the prospective buyers, keeping us informed at every stage right up to the successful selling of our home. We could not recommend them highly enough!”

ROSI & JEFF W.

 

“Ted Stewart was professional, very responsive, and was always a step ahead. Old Town Fitness was the first business we bought in Florida and we are very happy with the service we received from TEAMKAUFELT. From rides to the airport to specific details pertaining to closing the deal, everything was smooth. Looking forward to our next commercial and/or residential deal with you in the future!”

AL F. & JOHN M.

 

“How do we begin to thank you all–firstly, Lynn and Jackson, who were such good friends to Dad and whose company brought him so much pleasure–and to you, Ted, for your super-hard work. I know it’s been a challenging time in Florida real estate, and we feel so lucky and grateful to have Team Kaufelt to take us through it.”

FERNANDA E.

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