Little story time, gather ‘round! Back in the fall of 2023, my husband and I got married. Our calendars were packed and a honeymoon just wasn’t in the cards at the time. But after one of those heart-to-hearts, we realized something important. Life is always going to be busy. We couldn’t keep saying “one day” when it came to taking a real trip. If we didn’t make it a priority, it might never happen.
So, while you’re reading this, we’re off on our honeymoon (finally)!! I’m beyond grateful for my amazing relationships with fellow agents here in Key West. Knowing my clients are in great hands while I’m away means the world to me.
We’re soaking in this time together and feeling so thankful we made the leap. Work-life balance hasn’t always been easy for us but it’s something we’re learning to prioritize and grow into together.
Cheers from South East Asia!
Market Update
As we move into the second quarter of 2025, the Keys real estate market continues to shift toward what many would consider a more "normal" pre-pandemic market. Here’s a quick look at what’s happening:
Key Market Trends
Inventory on the rise: Active listings are up 15% year-over-year, meaning more homes are hitting the market.
More options for buyers: With increased inventory, buyers have more choices, which is leading to a softening of prices.
Average sales price has dipped: Across the Keys, average prices are down 14%. This trend is expected to continue through the rest of the year.
A Look Back: Market Comparison
Pre-Pandemic (2016–2019): Average number of active listings is ~2,435.
Pandemic Market Conditions: Inventory dropped significantly to between 1,222 and 1,548 listings and prices surged due to limited supply.
Current Market (as of February 2025): Active listings: 2,326 — just about back to pre-pandemic levels and the market is shifting toward more typical, balanced conditions.
List-to-Sale Price Ratio: Homes are selling for about 92% of original list price
Days on Market: 84 days
Active Listings: Up 21% to 1,793
What This Means for Sellers?
Prices are declining – Listing now could help you secure a stronger sale before further drops. More competition – More listings mean buyers have choices, making pricing and presentation crucial.
Give me a call today to discuss your options and strategize a plan, if you’re interested in selling your home!
Big hugs to all of my clients! Q1 was full of meaningful milestones and dream-home moments. Here's a quick recap and what is on the way!
Closed Sales: $4,027,470 This includes two of my own listings (430 Ave D and 2005 Fogarty), a first-time homebuyer taking a big leap, and three amazing couples who made their longtime dream of owning a winter retreat in the Keys a reality.
Pending Sales: $3,436,000 Excited to keep the momentum going into Q2 and beyond—helping clients find their perfect place in paradise is truly the best part of what I do.
It’s that time of year again and spring gardening is in full swing! Whether you're planting new blooms or refreshing your outdoor space, there’s something so special about shopping at our local nurseries. Mama’s Garden Center and Turtle Island Garden Center are perfect spots to pick up everything you need. I love to stop in to grab the essentials and get expert advice. When I'm feeling a little adventurous, my personal favorite is taking a day trip to the Redlands for a fun plant-hunting excursion with my best friend, Courtney. The drive is beautiful and there’s always something unexpected to discover when you get off the rock! Happy planting!
Sending Lots of Love & Sunshine!
Madeleine
Stay connected on Instagram
Did you miss last month's newsletter? Click below to get caught up!
