Key West Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Key West averaged
6%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.02% and
one month ago for the week of 2023-04-20, the
average rate was 5.82%.
Key West's average rate one year ago was 4.78%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.49%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Key West 30 Year Fixed Rate | 2023-05-25 | 6% |
| Key West 30 Year Fixed Rate Refi | 2023-05-25 | 5.49% |
| Key West 15 Year Fixed Rate | 2023-05-25 | 5.87% |
| Key West 15 Year Fixed Rate Refi | 2023-05-25 | 5.87% |
| Key West 30 Year FHA | 2023-05-25 | 6.71% |
| Key West 30 Year FHA Refi | 2023-05-25 | 6.41% |
| Key West 30 Year USDA | 2023-05-25 | 6.53% |
| Key West 30 Year USDA Refi | 2023-05-25 | 6.53% |
| Key West 30 Year VA | 2023-05-25 | 5.36% |
| Key West 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Key West, FL.
Key West Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Key West, FL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Key West Average Closing Costs & Other Stats
Key West, FL's 241 lenders originated 2,486
loans during 2022. The total origination value was $1,856,540,000, with an average loan value of
$746,798.
Key West's average closing costs are $8,840.
The top Key West lender as defined by loan originations is First Horizon Bank, with
178 loans originated. Their average total fees are
$9,111, which is $5,122
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Key West lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($4,736), Morgan Stanley Private Bank ($6,139), Wells Fargo Bank ($6,736), South State Bank ($7,564) and Flagstar Bank, FSB ($7,682).
The lowest rate Key West lenders (with over 10 loans originated) are
UBS Bank USA (2.99%), Bank of America (3.26%), First Republic Bank (3.56%), Morgan Stanley Private Bank (3.57%) and PNC Bank (3.74%).
Key West, FL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| First Horizon Bank | $320,705,000 | $215,710,000 | -32.7% | 11.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $282,015,000 | $165,075,000 | -41.5% | 8.9% |
| JPMorgan Chase Bank | $73,875,000 | $56,970,000 | -22.9% | 3.1% |
| Bank of America | $69,835,000 | $56,370,000 | -19.3% | 3.0% |
| QUICKEN LOANS, LLC | $142,810,000 | $52,365,000 | -63.3% | 2.8% |
| Wells Fargo Bank | $65,730,000 | $46,230,000 | -29.7% | 2.5% |
| Centennial Bank | $14,835,000 | $43,155,000 | 190.9% | 2.3% |
| TD Bank | $27,015,000 | $38,700,000 | 43.3% | 2.1% |
| Truist | $121,640,000 | $38,600,000 | -68.3% | 2.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $75,135,000 | $38,195,000 | -49.2% | 2.1% |
| PNC Bank | $24,535,000 | $36,500,000 | 48.8% | 2.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $29,680,000 | $31,485,000 | 6.1% | 1.7% |
| City National Bank of Florida | $19,185,000 | $29,915,000 | 55.9% | 1.6% |
| U.S. Bank | $64,545,000 | $28,050,000 | -56.5% | 1.5% |
| A&D Mortgage LLC | $11,890,000 | $26,610,000 | 123.8% | 1.4% |
| NEXERA HOLDING LLC | $15,675,000 | $24,880,000 | 58.7% | 1.3% |
| CALIBER HOME LOANS, INC. | $46,655,000 | $22,855,000 | -51.0% | 1.2% |
| UBS Bank USA | $26,085,000 | $22,195,000 | -14.9% | 1.2% |
| Morgan Stanley Private Bank | $28,975,000 | $21,640,000 | -25.3% | 1.2% |
| Santander Bank, N.A. | $505,000 | $20,885,000 | 4,035.6% | 1.1% |
| South State Bank | $43,260,000 | $20,650,000 | -52.3% | 1.1% |
| LOANDEPOT.COM, LLC | $44,785,000 | $17,460,000 | -61.0% | 0.9% |
| AXIA FINANCIAL, LLC | $33,400,000 | $16,700,000 | -50.0% | 0.9% |
| First Republic Bank | $8,190,000 | $15,865,000 | 93.7% | 0.9% |
| Flagstar Bank, FSB | $35,785,000 | $14,390,000 | -59.8% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $13,545,000 | $14,145,000 | 4.4% | 0.8% |
| Regions Bank | $18,780,000 | $13,605,000 | -27.6% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $15,370,000 | $13,520,000 | -12.0% | 0.7% |
| Popular Bank | $7,080,000 | $13,200,000 | 86.4% | 0.7% |
| Citizens Bank | $7,380,000 | $12,480,000 | 69.1% | 0.7% |
| Raymond James Bank | $10,005,000 | $12,245,000 | 22.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $26,530,000 | $11,820,000 | -55.4% | 0.6% |
| HOME POINT FINANCIAL CORPORATION | $52,540,000 | $11,610,000 | -77.9% | 0.6% |
| The Northern Trust Company | $10,235,000 | $10,980,000 | 7.3% | 0.6% |
| City National Bank | $2,710,000 | $10,195,000 | 276.2% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $35,500,000 | $9,750,000 | -72.5% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $14,960,000 | $9,625,000 | -35.7% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,205,000 | $9,075,000 | -47.3% | 0.5% |
| DEEPHAVEN MORTGAGE LLC | $625,000 | $8,975,000 | 1,336.0% | 0.5% |
| Grandbridge Real Estate Capital LLC | $30,010,000 | $8,805,000 | -70.7% | 0.5% |
| Mortgage Research Center, LLC | $23,605,000 | $8,510,000 | -63.9% | 0.5% |
| Charles Schwab Bank, SSB | $20,325,000 | $8,170,000 | -59.8% | 0.4% |
| EVERETT FINANCIAL, INC. | $2,605,000 | $8,050,000 | 209.0% | 0.4% |
| Commerce Home Mortgage, Inc. | $4,130,000 | $7,695,000 | 86.3% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $820,000 | $7,685,000 | 837.2% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $15,640,000 | $7,465,000 | -52.3% | 0.4% |
| Hometown Equity Mortgage, LLC | $4,980,000 | $7,235,000 | 45.3% | 0.4% |
| LAKE MICHIGAN CREDIT UNION | $1,615,000 | $7,155,000 | 343.0% | 0.4% |
| ARC HOME LLC | $8,535,000 | $6,785,000 | -20.5% | 0.4% |
| NATIONWIDE EQUITIES CORPORATION | $435,000 | $6,665,000 | 1,432.2% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $2,855,000 | $6,610,000 | 131.5% | 0.4% |
| Citadel Servicing Corporation | $7,655,000 | $6,570,000 | -14.2% | 0.4% |
| Citibank | $19,460,000 | $6,505,000 | -66.6% | 0.4% |
| KeyBank | $11,105,000 | $6,415,000 | -42.2% | 0.3% |
| United Bank | $2,305,000 | $5,965,000 | 158.8% | 0.3% |
| Goldman Sachs Bank USA | $6,935,000 | $5,645,000 | -18.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,720,000 | $5,345,000 | -61.0% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $8,265,000 | $5,170,000 | -37.4% | 0.3% |
| ITHINK FINANCIAL Credit Union | $7,910,000 | $5,090,000 | -35.7% | 0.3% |
| Prime Meridian Bank | $5,355,000 | $5,025,000 | -6.2% | 0.3% |
| LENDSURE MORTGAGE CORP. | $12,010,000 | $5,015,000 | -58.2% | 0.3% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $5,005,000 | n/a | 0.3% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $4,995,000 | n/a | 0.3% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $3,045,000 | $4,935,000 | 62.1% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $13,785,000 | $4,925,000 | -64.3% | 0.3% |
| CMG MORTGAGE, INC. | $4,550,000 | $4,890,000 | 7.5% | 0.3% |
| Ameris Bank | $6,580,000 | $4,830,000 | -26.6% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $28,270,000 | $4,755,000 | -83.2% | 0.3% |
| NFM, INC. | $4,655,000 | n/a | 0.3% | |
| ATHAS CAPITAL GROUP, INC. | $6,490,000 | $4,480,000 | -31.0% | 0.2% |
| First-Citizens Bank & Trust Company | $3,205,000 | $4,465,000 | 39.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $1,940,000 | $4,445,000 | 129.1% | 0.2% |
| KEMBA CREDIT UNION, INC. | $4,405,000 | n/a | 0.2% | |
| Valley National Bank | $4,475,000 | $4,255,000 | -4.9% | 0.2% |
| DAS Acquisition Company, LLC | $4,120,000 | n/a | 0.2% | |
| EMM LOANS LLC | $16,675,000 | $4,090,000 | -75.5% | 0.2% |
| Fifth Third Bank | $12,720,000 | $4,055,000 | -68.1% | 0.2% |
| ALLIANT CREDIT UNION | $4,010,000 | $3,905,000 | -2.6% | 0.2% |
| Quontic Bank | $3,865,000 | $3,900,000 | 0.9% | 0.2% |
| SPACE COAST Credit Union | $3,585,000 | $3,780,000 | 5.4% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $1,795,000 | $3,680,000 | 105.0% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $13,345,000 | $3,645,000 | -72.7% | 0.2% |
| GUARANTEED RATE, INC. | $13,795,000 | $3,490,000 | -74.7% | 0.2% |
| Republic Bank | $1,635,000 | $3,450,000 | 111.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $3,125,000 | $3,180,000 | 1.8% | 0.2% |
| BANKORION | $3,125,000 | n/a | 0.2% | |
| AMCAP MORTGAGE, LTD. | $1,500,000 | $3,090,000 | 106.0% | 0.2% |
| AMWEST FUNDING CORP. | $1,475,000 | $3,070,000 | 108.1% | 0.2% |
| Towne Bank | $2,420,000 | $3,020,000 | 24.8% | 0.2% |
| JMAC LENDING, INC. | $2,990,000 | n/a | 0.2% | |
| OAKTREE FUNDING CORP. | $2,720,000 | $2,990,000 | 9.9% | 0.2% |
| First Federal Savings Bank | $2,975,000 | n/a | 0.2% | |
| MICHIGAN FIRST CREDIT UNION | $2,960,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $9,895,000 | $2,960,000 | -70.1% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $1,150,000 | $2,925,000 | 154.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,425,000 | $2,890,000 | -15.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $7,550,000 | $2,860,000 | -62.1% | 0.2% |
| GEORGIA'S OWN | $2,945,000 | $2,805,000 | -4.8% | 0.2% |
| Synovus Bank | $11,050,000 | $2,805,000 | -74.6% | 0.2% |
| PHH Mortgage Corporation | $275,000 | $2,780,000 | 910.9% | 0.1% |
| Ally Bank | $9,360,000 | $2,755,000 | -70.6% | 0.1% |
| Stock Yards Bank & Trust Company | $2,335,000 | $2,745,000 | 17.6% | 0.1% |
| ENCORE BANK | $2,685,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $8,145,000 | $2,645,000 | -67.5% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,070,000 | $2,635,000 | -14.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | $2,565,000 | 1,365.7% | 0.1% |
| Old National Bank | $5,505,000 | $2,560,000 | -53.5% | 0.1% |
| PLANET HOME LENDING, LLC | $5,140,000 | $2,545,000 | -50.5% | 0.1% |
| SPRING EQ, LLC | $1,370,000 | $2,520,000 | 83.9% | 0.1% |
| CIBC Bank USA | $1,005,000 | $2,515,000 | 150.2% | 0.1% |
| Pinnacle Bank | $2,810,000 | $2,515,000 | -10.5% | 0.1% |
| BMO Harris Bank | $4,375,000 | $2,505,000 | -42.7% | 0.1% |
| Mid Penn Bank | $2,505,000 | n/a | 0.1% | |
| Mercantile Bank of Michigan | $595,000 | $2,485,000 | 317.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $19,910,000 | $2,435,000 | -87.8% | 0.1% |
| 1ST FINANCIAL, INC. | $5,480,000 | $2,430,000 | -55.7% | 0.1% |
| T2 FINANCIAL LLC | $465,000 | $2,395,000 | 415.1% | 0.1% |
| Shamrock Home Loans, Inc. | $3,425,000 | $2,385,000 | -30.4% | 0.1% |
| Greenbox Loans, Inc. | $4,390,000 | $2,360,000 | -46.2% | 0.1% |
| Stifel Bank and Trust | $4,180,000 | $2,360,000 | -43.5% | 0.1% |
| Plains Commerce Bank | $1,170,000 | $2,355,000 | 101.3% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $6,455,000 | $2,350,000 | -63.6% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $2,405,000 | $2,320,000 | -3.5% | 0.1% |
| S1L, Inc. | $745,000 | $2,315,000 | 210.7% | 0.1% |
| Mortgage Bank of California | $19,475,000 | $2,290,000 | -88.2% | 0.1% |
| Shore United Bank | $795,000 | $2,280,000 | 186.8% | 0.1% |
| Northpointe Bank | $1,730,000 | $2,265,000 | 30.9% | 0.1% |
| Mountain Commerce Bank | $2,255,000 | n/a | 0.1% | |
| Associated Bank | $2,240,000 | n/a | 0.1% | |
| NEWREZ LLC | $17,625,000 | $2,175,000 | -87.7% | 0.1% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $1,550,000 | $2,155,000 | 39.0% | 0.1% |
| Northern Bank & Trust Company | $2,155,000 | n/a | 0.1% | |
| Sandy Spring Bank | $1,145,000 | $2,150,000 | 87.8% | 0.1% |
| M&T Bank | $1,190,000 | $2,145,000 | 80.3% | 0.1% |
| First Federal Bank | $6,475,000 | $2,125,000 | -67.2% | 0.1% |
| Strong Home Mortgage, LLC | $1,265,000 | $2,110,000 | 66.8% | 0.1% |
| The Federal Savings Bank | $1,480,000 | $2,065,000 | 39.5% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $2,280,000 | $2,060,000 | -9.6% | 0.1% |
| PROFESSIONAL BANK | $4,130,000 | $2,015,000 | -51.2% | 0.1% |
| Comerica Bank | $2,005,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $1,780,000 | $2,005,000 | 12.6% | 0.1% |
| People's United Bank | $2,005,000 | n/a | 0.1% | |
| Chicago Mortgage Solutions LLC | $2,095,000 | $1,960,000 | -6.4% | 0.1% |
| FIRST SAVINGS MORTGAGE CORPORATION | $525,000 | $1,955,000 | 272.4% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $3,315,000 | $1,935,000 | -41.6% | 0.1% |
| First National Bank of Pennsylvania | $2,460,000 | $1,915,000 | -22.2% | 0.1% |
| USAA Federal Savings Bank | $1,195,000 | $1,905,000 | 59.4% | 0.1% |
| Seacoast National Bank | $485,000 | $1,885,000 | 288.7% | 0.1% |
| SILVER HILL FUNDING, LLC | $1,865,000 | n/a | 0.1% | |
| First American Bank | $2,200,000 | $1,860,000 | -15.5% | 0.1% |
| Farm Credit East, ACA | $1,855,000 | n/a | 0.1% | |
| Nicolet National Bank | $1,305,000 | $1,855,000 | 42.1% | 0.1% |
| Equity Prime Mortgage LLC | $2,265,000 | $1,830,000 | -19.2% | 0.1% |
| Bangor Savings Bank | $1,825,000 | n/a | 0.1% | |
| TEACHERS | $1,820,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $1,065,000 | $1,795,000 | 68.5% | 0.1% |
| FBC MORTGAGE, LLC | $1,735,000 | $1,790,000 | 3.2% | 0.1% |
| Washington Trust Bank | $1,735,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $6,630,000 | $1,725,000 | -74.0% | 0.1% |
| Intercredit Bank | $3,110,000 | $1,695,000 | -45.5% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $1,660,000 | n/a | 0.1% | |
| MY MORTGAGE, INC. | $1,645,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $1,055,000 | $1,625,000 | 54.0% | 0.1% |
| AHL FUNDING | $1,605,000 | n/a | 0.1% | |
| First Bank | $1,605,000 | n/a | 0.1% | |
| First Savings Bank | $5,410,000 | $1,605,000 | -70.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,505,000 | $1,590,000 | 5.6% | 0.1% |
| German American Bank | $1,575,000 | n/a | 0.1% | |
| NexBank | $1,575,000 | n/a | 0.1% | |
| Nations Lending Corporation | $7,230,000 | $1,540,000 | -78.7% | 0.1% |
| 1st Source Bank | $885,000 | $1,505,000 | 70.1% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $3,455,000 | $1,475,000 | -57.3% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $425,000 | $1,475,000 | 247.1% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,420,000 | $1,470,000 | -39.3% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $1,470,000 | n/a | 0.1% | |
| READY MORTGAGE LENDERS, LLC | $305,000 | $1,465,000 | 380.3% | 0.1% |
| Suncoast Credit Union | $1,440,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,430,000 | n/a | 0.1% | |
| COLUMBUS CAPITAL LENDING, LLC | $7,840,000 | $1,405,000 | -82.1% | 0.1% |
| Goldwater Bank, N.A. | $1,395,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $1,370,000 | n/a | 0.1% | |
| Armed Forces Bank | $1,360,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $1,350,000 | n/a | 0.1% | |
| United Community Bank | $1,405,000 | $1,350,000 | -3.9% | 0.1% |
| FineMark National Bank & Trust | $2,955,000 | $1,330,000 | -55.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,115,000 | $1,325,000 | 18.8% | 0.1% |
| The Park National Bank | $1,220,000 | $1,320,000 | 8.2% | 0.1% |
| Desjardins Bank | $1,105,000 | $1,305,000 | 18.1% | 0.1% |
| State Department Federal Credit Union | $1,305,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $1,110,000 | $1,305,000 | 17.6% | 0.1% |
| FIDELITY DIRECT MORTGAGE, LLC | $1,285,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $8,620,000 | $1,285,000 | -85.1% | 0.1% |
| Virginia Partners Bank | $1,265,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $875,000 | $1,255,000 | 43.4% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $2,415,000 | $1,250,000 | -48.2% | 0.1% |
| Huntingdon Valley Bank | $1,225,000 | n/a | 0.1% | |
| Bank of England | $3,185,000 | $1,205,000 | -62.2% | 0.1% |
| Cape Cod Co-operative Bank | $1,205,000 | n/a | 0.1% | |
| Prosperity Bank | $1,195,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,395,000 | $1,170,000 | -16.1% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,840,000 | $1,155,000 | -59.3% | 0.1% |
| InterBank | $1,155,000 | n/a | 0.1% | |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $1,145,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $2,415,000 | $1,130,000 | -53.2% | 0.1% |
| EASTMAN | $1,125,000 | n/a | 0.1% | |
| REVERSE MORTGAGE FUNDING LLC | $1,110,000 | n/a | 0.1% | |
| HOME TOWN FUNDING, INC. | $1,085,000 | n/a | 0.1% | |
| HAMILTON HOME LOANS, INC. | $3,500,000 | $1,070,000 | -69.4% | 0.1% |
| THE MORTGAGE FIRM, INC. | $7,500,000 | $1,060,000 | -85.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $525,000 | $1,045,000 | 99.0% | 0.1% |
| Citywide Banks | $1,005,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $1,410,000 | $1,000,000 | -29.1% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $605,000 | $995,000 | 64.5% | 0.1% |
| NORTHWEST BANK OF ROCKFORD | $990,000 | $990,000 | 0.0% | 0.1% |
| First Mortgage Solutions, LLC | $1,050,000 | $940,000 | -10.5% | 0.1% |
| OPEN MORTGAGE, LLC | $930,000 | n/a | 0.1% | |
| Iroquois Federal Savings and Loan Association | $925,000 | n/a | 0.0% | |
| NBKC BANK | $4,235,000 | $925,000 | -78.2% | 0.0% |
| Servion, Inc. | $255,000 | $925,000 | 262.7% | 0.0% |
| YNB | $925,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $920,000 | n/a | 0.0% | |
| First Bank & Trust | $915,000 | n/a | 0.0% | |
| AMERANT BANK, NATIONAL ASSOCIATION | $640,000 | $905,000 | 41.4% | 0.0% |
| First Commonwealth Bank | $905,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $1,150,000 | $900,000 | -21.7% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $1,005,000 | $865,000 | -13.9% | 0.0% |
| LEGEND LENDING CORPORATION | $545,000 | $825,000 | 51.4% | 0.0% |
| Wilmington Savings Fund Society, FSB | $810,000 | n/a | 0.0% | |
| FirstBank | $1,110,000 | $795,000 | -28.4% | 0.0% |
| ServisFirst Bank | $795,000 | n/a | 0.0% | |
| Commerce Bank | $2,245,000 | $775,000 | -65.5% | 0.0% |
| Atlantic Union Bank | $765,000 | n/a | 0.0% | |
| Logan Finance Corporation | $765,000 | n/a | 0.0% | |
| ERIE FEDERAL CREDIT UNION | $745,000 | n/a | 0.0% | |
| The State Bank | $745,000 | n/a | 0.0% | |
| UBank | $1,315,000 | $735,000 | -44.1% | 0.0% |
| MidFirst Bank | $725,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,390,000 | $715,000 | -48.6% | 0.0% |
| GERSHMAN INVESTMENT CORP. | $1,125,000 | $715,000 | -36.4% | 0.0% |
| Princeton Mortgage Corporation | $715,000 | n/a | 0.0% | |
| WALL STREET MORTGAGE BANKERS, LTD. | $715,000 | n/a | 0.0% | |
| West Town Bank & Trust | $715,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $4,715,000 | $710,000 | -84.9% | 0.0% |
| Independent Bank | $705,000 | n/a | 0.0% | |
| The National Bank of Indianapolis | $705,000 | n/a | 0.0% | |
| Whitaker Bank | $705,000 | n/a | 0.0% | |
| Capital City Home Loans, LLC | $840,000 | $695,000 | -17.3% | 0.0% |
| FIRSTBANK PUERTO RICO | $1,455,000 | $695,000 | -52.2% | 0.0% |
| Firstrust Savings Bank | $685,000 | n/a | 0.0% | |
| NJ LENDERS CORP. | $690,000 | $685,000 | -0.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,245,000 | $675,000 | -45.8% | 0.0% |
| Florida Capital Bank | $4,205,000 | $665,000 | -84.2% | 0.0% |
| The Huntington National Bank | $4,610,000 | $665,000 | -85.6% | 0.0% |
| GREENWOOD | $325,000 | $660,000 | 103.1% | 0.0% |
| Carrington Mortgage Services, LLC | $1,725,000 | $655,000 | -62.0% | 0.0% |
| A + MORTGAGE SERVICES, INC. | $645,000 | n/a | 0.0% | |
| BankPlus | $645,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $605,000 | $645,000 | 6.6% | 0.0% |
| Independent Bank | $645,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $745,000 | $645,000 | -13.4% | 0.0% |
| ROSS MORTGAGE CORPORATION | $645,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $645,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $645,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $545,000 | $635,000 | 16.5% | 0.0% |
| Paramount Bank | $635,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $855,000 | $625,000 | -26.9% | 0.0% |
| County National Bank | $880,000 | $625,000 | -29.0% | 0.0% |
| UMB Bank | $2,310,000 | $625,000 | -72.9% | 0.0% |
| Figure Lending LLC | $640,000 | $615,000 | -3.9% | 0.0% |
| MCLEAN MORTGAGE CORPORATION | $2,925,000 | $610,000 | -79.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $2,980,000 | $600,000 | -79.9% | 0.0% |
| HOMESTEAD FUNDING CORP. | $2,970,000 | $595,000 | -80.0% | 0.0% |
| LEBANON | $475,000 | $595,000 | 25.3% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,505,000 | $595,000 | -60.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $890,000 | $585,000 | -34.3% | 0.0% |
| RF Renovo Management Company, LLC | $365,000 | $585,000 | 60.3% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $500,000 | $565,000 | 13.0% | 0.0% |
| Progress Bank and Trust | $565,000 | n/a | 0.0% | |
| Central National Bank | $1,335,000 | $555,000 | -58.4% | 0.0% |
| Ixonia Bank | $1,795,000 | $555,000 | -69.1% | 0.0% |
| Philadelphia Mortgage Advisors, Inc. | $555,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $555,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $2,180,000 | $545,000 | -75.0% | 0.0% |
| Equity Bank | $545,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $155,000 | $545,000 | 251.6% | 0.0% |
| INLAND BANK & TRUST | $545,000 | n/a | 0.0% | |
| PARTNERS | $545,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $1,450,000 | $535,000 | -63.1% | 0.0% |
| HOME FINANCING CENTER, INC. | $535,000 | n/a | 0.0% | |
| Univest Bank and Trust Co. | $1,105,000 | $535,000 | -51.6% | 0.0% |
| Discover Bank | $315,000 | $525,000 | 66.7% | 0.0% |
| MICHIGAN MUTUAL, INC. | $2,610,000 | $510,000 | -80.5% | 0.0% |
| BNY Mellon | $5,470,000 | $505,000 | -90.8% | 0.0% |
| FIRST WORLD MORTGAGE CORPORATION | $505,000 | n/a | 0.0% | |
| Fulton Bank | $1,075,000 | $505,000 | -53.0% | 0.0% |
| Great Southern Bank | $215,000 | $505,000 | 134.9% | 0.0% |
| HomeTrust Bank | $505,000 | n/a | 0.0% | |
| MidWestOne Bank | $505,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $505,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,540,000 | $505,000 | -67.2% | 0.0% |
| ZILLOW HOME LOANS, LLC | $425,000 | $505,000 | 18.8% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $495,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $485,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $480,000 | n/a | 0.0% | |
| Encompass Lending Group, LP | $475,000 | n/a | 0.0% | |
| State Bank of Lizton | $475,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $640,000 | $465,000 | -27.3% | 0.0% |
| KELLER MORTGAGE, LLC | $1,625,000 | $465,000 | -71.4% | 0.0% |
| LIMA ONE CAPITAL, LLC | $745,000 | $465,000 | -37.6% | 0.0% |
| Summit Credit Union | $465,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,930,000 | $460,000 | -84.3% | 0.0% |
| AMERICAN BANCSHARES MORTGAGE, LLC | $455,000 | n/a | 0.0% | |
| BANKING MORTGAGE SERVICES, B.M.S. CORP. | $455,000 | n/a | 0.0% | |
| First National Bank of America | $770,000 | $455,000 | -40.9% | 0.0% |
| Home State Bank | $455,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $455,000 | n/a | 0.0% | |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $455,000 | n/a | 0.0% | |
| MORTGAGE INVESTORS GROUP, INC. | $445,000 | n/a | 0.0% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,090,000 | $435,000 | -60.1% | 0.0% |
| SOFI LENDING CORP. | $1,840,000 | $435,000 | -76.4% | 0.0% |
| BM Real Estate Services, Inc. | $4,175,000 | $425,000 | -89.8% | 0.0% |
| BAC Florida Bank | $405,000 | n/a | 0.0% | |
| Grow Financial Federal Credit Union | $405,000 | n/a | 0.0% | |
| Manasquan Bank | $405,000 | n/a | 0.0% | |
| ADVANCIAL | $405,000 | $395,000 | -2.5% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $395,000 | n/a | 0.0% | |
| Arvest Bank | $740,000 | $385,000 | -48.0% | 0.0% |
| GTE Federal Credit Union | $425,000 | $360,000 | -15.3% | 0.0% |
| TROPICAL FINANCIAL CREDIT UNION | $1,410,000 | $360,000 | -74.5% | 0.0% |
| Colonial Savings, F.A. | $355,000 | n/a | 0.0% | |
| Cornerstone National Bank & Trust Company | $355,000 | n/a | 0.0% | |
| FAIRWINDS CREDIT UNION | $1,990,000 | $355,000 | -82.2% | 0.0% |
| Mortgage Lenders Investment Trading Corporation | $2,615,000 | $345,000 | -86.8% | 0.0% |
| STANDARD MORTGAGE CORPORATION | $345,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $335,000 | n/a | 0.0% | |
| AMERIFIRST FINANCIAL CORPORATION | $505,000 | $325,000 | -35.6% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $325,000 | n/a | 0.0% | |
| POWER FINANCIAL | $325,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $325,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $1,795,000 | $305,000 | -83.0% | 0.0% |
| Trustmark National Bank | $305,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $375,000 | $265,000 | -29.3% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $530,000 | $265,000 | -50.0% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $590,000 | $265,000 | -55.1% | 0.0% |
| First United Bank and Trust Company | $255,000 | n/a | 0.0% | |
| TOWER | $250,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $390,000 | $245,000 | -37.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| MORTGAGE CENTER L.C | $235,000 | n/a | 0.0% | |
| Easthampton Savings Bank | $225,000 | n/a | 0.0% | |
| VYSTAR | $220,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $1,610,000 | $205,000 | -87.3% | 0.0% |
| Transportation Federal Credit Union | $195,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $465,000 | $175,000 | -62.4% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $175,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $1,660,000 | $175,000 | -89.5% | 0.0% |
| Baxter Credit Union | $775,000 | $155,000 | -80.0% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| American Investors Bank and Mortgage | $75,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $2,415,000 | $75,000 | -96.9% | 0.0% |
| BECKAM FUNDING CORP. | $65,000 | n/a | 0.0% |
Key West's top lender by overall market share is First Horizon Bank, with 11.6% market share. In second place, with 8.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $165,075,000 in loans. In third place, with 3.1%, is JPMorgan Chase Bank, having originated $56,970,000 in loans. In fourth place, with 3.0%, is Bank of America, having originated $56,370,000 in loans. In fifth place, with 2.8%, is QUICKEN LOANS, LLC, having originated $52,365,000 in loans.
Key West Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $706,250 (14.3%) | $1,328,463 (25.9%) | 0.00 | 1,488 |
| 2018-02-01 | $699,625 (12.6%) | $1,344,763 (27.4%) | 0.00 | 1,534 |
| 2018-03-01 | $699,000 (11.6%) | $1,343,708 (27.0%) | 0.00 | 1,617 |
| 2018-04-01 | $699,500 (5.2%) | $1,353,459 (12.8%) | 0.00 | 1,632 |
| 2018-05-01 | $699,000 (3.6%) | $1,341,179 (11.7%) | 0.00 | 1,596 |
| 2018-06-01 | $699,000 (3.0%) | $1,323,516 (8.1%) | 0.00 | 1,589 |
| 2018-07-01 | $699,000 (3.6%) | $1,314,883 (5.9%) | 0.00 | 1,612 |
| 2018-08-01 | $699,000 (4.2%) | $1,315,302 (5.7%) | 0.00 | 1,583 |
| 2018-09-01 | $699,000 (3.6%) | $1,314,027 (4.7%) | 0.00 | 1,549 |
| 2018-10-01 | $699,000 (3.9%) | $1,301,581 (0.8%) | 0.00 | 1,592 |
| 2018-11-01 | $732,000 (4.7%) | $1,325,607 (1.0%) | 0.00 | 1,720 |
| 2018-12-01 | $729,000 (4.3%) | $1,325,739 (1.2%) | 0.00 | 1,826 |
| 2019-01-01 | $728,625 (3.2%) | $1,311,733 (-1.3%) | 0.00 | 1,933 |
| 2019-02-01 | $722,500 (3.3%) | $1,293,865 (-3.8%) | 0.00 | 2,018 |
| 2019-03-01 | $739,000 (5.7%) | $1,296,615 (-3.5%) | 0.00 | 2,009 |
| 2019-04-01 | $749,000 (7.1%) | $1,326,639 (-2.0%) | 0.00 | 1,892 |
| 2019-05-01 | $769,000 (10.0%) | $1,370,566 (2.2%) | 0.00 | 1,799 |
| 2019-06-01 | $750,000 (7.3%) | $1,355,862 (2.4%) | 0.00 | 1,734 |
| 2019-07-01 | $759,500 (8.7%) | $1,366,479 (3.9%) | 0.00 | 1,692 |
| 2019-08-01 | $775,000 (10.9%) | $1,358,709 (3.3%) | 0.00 | 1,590 |
| 2019-09-01 | $799,000 (14.3%) | $1,494,965 (13.8%) | 0.00 | 1,417 |
| 2019-10-01 | $795,000 (13.7%) | $1,474,232 (13.3%) | 0.00 | 1,431 |
| 2019-11-01 | $799,000 (9.2%) | $1,484,531 (12.0%) | 0.00 | 1,503 |
| 2019-12-01 | $799,000 (9.6%) | $1,500,169 (13.2%) | 0.00 | 1,616 |
| 2020-01-01 | $802,450 (10.1%) | $1,515,756 (15.6%) | 0.00 | 1,649 |
| 2020-02-01 | $799,000 (10.6%) | $1,485,200 (14.8%) | 0.00 | 1,747 |
| 2020-03-01 | $799,500 (8.2%) | $1,505,811 (16.1%) | 0.00 | 1,754 |
| 2020-04-01 | $799,000 (6.7%) | $1,490,622 (12.4%) | 0.00 | 1,677 |
| 2020-05-01 | $799,000 (3.9%) | $1,512,569 (10.4%) | 0.00 | 1,609 |
| 2020-06-01 | $799,450 (6.6%) | $1,534,510 (13.2%) | 0.00 | 1,495 |
| 2020-07-01 | $823,750 (8.5%) | $1,589,979 (16.4%) | 0.00 | 1,384 |
| 2020-08-01 | $849,000 (9.6%) | $1,629,623 (19.9%) | 0.00 | 1,232 |
| 2020-09-01 | $867,000 (8.5%) | $1,666,754 (11.5%) | 0.00 | 1,185 |
| 2020-10-01 | $849,250 (6.8%) | $1,693,184 (14.9%) | 0.00 | 1,150 |
| 2020-11-01 | $875,000 (9.5%) | $1,734,056 (16.8%) | 0.00 | 1,099 |
| 2020-12-01 | $857,000 (7.3%) | $1,749,362 (16.6%) | 0.00 | 1,043 |
| 2021-01-01 | $864,000 (7.7%) | $1,804,015 (19.0%) | 0.00 | 977 |
| 2021-02-01 | $860,000 (7.6%) | $1,797,728 (21.0%) | 0.00 | 812 |
| 2021-03-01 | $878,750 (9.9%) | $1,803,779 (19.8%) | 0.00 | 699 |
| 2021-04-01 | $893,125 (11.8%) | $1,905,451 (27.8%) | 0.00 | 594 |
| 2021-05-01 | $995,000 (24.5%) | $2,032,472 (34.4%) | 0.00 | 512 |
| 2021-06-01 | $1,051,250 (31.5%) | $2,070,126 (34.9%) | 0.00 | 512 |
| 2021-07-01 | $1,100,000 (33.5%) | $2,107,807 (32.6%) | 0.00 | 517 |
| 2021-08-01 | $1,113,257 (31.1%) | $2,061,570 (26.5%) | 0.00 | 530 |
| 2021-09-01 | $1,161,000 (33.9%) | $2,102,077 (26.1%) | 0.00 | 545 |
| 2021-10-01 | $1,162,500 (36.9%) | $2,046,936 (20.9%) | 0.00 | 543 |
| 2021-11-01 | $1,206,250 (37.9%) | $2,128,440 (22.7%) | 0.00 | 525 |
| 2021-12-01 | $1,200,000 (40.0%) | $2,112,171 (20.7%) | 0.00 | 499 |
| 2022-01-01 | $1,214,500 (40.6%) | $2,098,812 (16.3%) | 0.00 | 487 |
| 2022-02-01 | $1,311,000 (52.4%) | $2,130,723 (18.5%) | 0.00 | 456 |
| 2022-03-01 | $1,275,000 (45.1%) | $2,138,833 (18.6%) | 0.00 | 445 |
| 2022-04-01 | $1,295,000 (45.0%) | $2,108,246 (10.6%) | 0.00 | 436 |
| 2022-05-01 | $1,362,500 (36.9%) | $2,514,157 (23.7%) | 0.00 | 501 |
| 2022-06-01 | $1,325,000 (26.0%) | $2,549,680 (23.2%) | 0.00 | 545 |
| 2022-07-01 | $1,299,000 (18.1%) | $2,470,506 (17.2%) | 0.00 | 622 |
| 2022-08-01 | $1,289,250 (15.8%) | $2,383,664 (15.6%) | 0.00 | 656 |
| 2022-09-01 | $1,262,500 (8.7%) | $2,396,227 (14.0%) | 0.00 | 660 |
| 2022-10-01 | $1,299,000 (11.7%) | $2,425,642 (18.5%) | 0.00 | 662 |
| 2022-11-01 | $1,350,000 (11.9%) | $2,425,276 (14.0%) | 0.00 | 722 |
| 2022-12-01 | $1,350,000 (12.5%) | $2,407,096 (14.0%) | 0.00 | 773 |
| 2023-01-01 | $1,416,225 (16.6%) | $2,454,050 (16.9%) | 0.00 | 818 |
| 2023-02-01 | $1,472,500 (12.3%) | $2,509,966 (17.8%) | 0.00 | 839 |
| 2023-03-01 | $1,489,750 (16.8%) | $2,557,970 (19.6%) | 0.00 | 848 |
| 2023-04-01 | $1,499,000 (15.8%) | $2,571,736 (22.0%) | 0.00 | 826 |
Key West's median listing price for 2023-04-01 was $1,499,000, a difference of
$204,000
(15.8%) versus the prior year and
$9,250 versus the prior month.
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2023-04-01 was $2,571,736, a difference of $463,490 (22.0%) versus the prior year and $13,766 versus the prior month.
For the 2023-04-01 period, Key West had 826 MLS listings, a difference of -22 listings (-3%) versus the prior month and 390 listings (89%) versus the prior year.
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2023-04-01 was $2,571,736, a difference of $463,490 (22.0%) versus the prior year and $13,766 versus the prior month.
For the 2023-04-01 period, Key West had 826 MLS listings, a difference of -22 listings (-3%) versus the prior month and 390 listings (89%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,500 sqft |
| 2018-02-01 | 0 days | 1,501 sqft |
| 2018-03-01 | 0 days | 1,500 sqft |
| 2018-04-01 | 0 days | 1,500 sqft |
| 2018-05-01 | 0 days | 1,490 sqft |
| 2018-06-01 | 0 days | 1,494 sqft |
| 2018-07-01 | 0 days | 1,495 sqft |
| 2018-08-01 | 0 days | 1,492 sqft |
| 2018-09-01 | 0 days | 1,489 sqft |
| 2018-10-01 | 0 days | 1,480 sqft |
| 2018-11-01 | 0 days | 1,497 sqft |
| 2018-12-01 | 0 days | 1,480 sqft |
| 2019-01-01 | 0 days | 1,492 sqft |
| 2019-02-01 | 0 days | 1,507 sqft |
| 2019-03-01 | 0 days | 1,528 sqft |
| 2019-04-01 | 0 days | 1,544 sqft |
| 2019-05-01 | 0 days | 1,562 sqft |
| 2019-06-01 | 0 days | 1,530 sqft |
| 2019-07-01 | 0 days | 1,524 sqft |
| 2019-08-01 | 0 days | 1,529 sqft |
| 2019-09-01 | 0 days | 1,580 sqft |
| 2019-10-01 | 0 days | 1,571 sqft |
| 2019-11-01 | 0 days | 1,579 sqft |
| 2019-12-01 | 0 days | 1,573 sqft |
| 2020-01-01 | 0 days | 1,582 sqft |
| 2020-02-01 | 0 days | 1,570 sqft |
| 2020-03-01 | 0 days | 1,573 sqft |
| 2020-04-01 | 0 days | 1,568 sqft |
| 2020-05-01 | 0 days | 1,552 sqft |
| 2020-06-01 | 0 days | 1,556 sqft |
| 2020-07-01 | 0 days | 1,549 sqft |
| 2020-08-01 | 0 days | 1,555 sqft |
| 2020-09-01 | 0 days | 1,550 sqft |
| 2020-10-01 | 0 days | 1,524 sqft |
| 2020-11-01 | 0 days | 1,516 sqft |
| 2020-12-01 | 0 days | 1,494 sqft |
| 2021-01-01 | 0 days | 1,504 sqft |
| 2021-02-01 | 0 days | 1,475 sqft |
| 2021-03-01 | 0 days | 1,479 sqft |
| 2021-04-01 | 0 days | 1,534 sqft |
| 2021-05-01 | 0 days | 1,650 sqft |
| 2021-06-01 | 0 days | 1,671 sqft |
| 2021-07-01 | 0 days | 1,610 sqft |
| 2021-08-01 | 0 days | 1,594 sqft |
| 2021-09-01 | 0 days | 1,589 sqft |
| 2021-10-01 | 0 days | 1,563 sqft |
| 2021-11-01 | 0 days | 1,566 sqft |
| 2021-12-01 | 0 days | 1,557 sqft |
| 2022-01-01 | 0 days | 1,554 sqft |
| 2022-02-01 | 0 days | 1,650 sqft |
| 2022-03-01 | 0 days | 1,604 sqft |
| 2022-04-01 | 0 days | 1,598 sqft |
| 2022-05-01 | 0 days | 1,621 sqft |
| 2022-06-01 | 0 days | 1,584 sqft |
| 2022-07-01 | 0 days | 1,536 sqft |
| 2022-08-01 | 0 days | 1,543 sqft |
| 2022-09-01 | 0 days | 1,528 sqft |
| 2022-10-01 | 0 days | 1,521 sqft |
| 2022-11-01 | 0 days | 1,521 sqft |
| 2022-12-01 | 0 days | 1,532 sqft |
| 2023-01-01 | 0 days | 1,535 sqft |
| 2023-02-01 | 0 days | 1,552 sqft |
| 2023-03-01 | 0 days | 1,605 sqft |
| 2023-04-01 | 0 days | 1,626 sqft |
Key West's median listing age (time on market) for 2023-04-01 was 0 days.
Key West's median square footage for active listings during the 2023-04-01 period was 1,626 sqft. One year prior, the average listing was 1,598 sqft.
Key West's median square footage for active listings during the 2023-04-01 period was 1,626 sqft. One year prior, the average listing was 1,598 sqft.
Key West, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,464 | $1,242,850,000 | $848,941 |
| Cash Out Refi | 386 | $250,100,000 | $647,927 |
| Refi | 327 | $186,225,000 | $569,495 |
| Other | 164 | $126,270,000 | $769,939 |
| Home Improvement | 145 | $51,095,000 | $352,379 |
Key West's most frequently cited loan purpose was Home Purchase, with 1,464 originations. The 2nd most popular reason was Cash Out Refi, with 386 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 682 | $507,030,000 | $743,446 |
| 4-5% | 552 | $425,690,000 | $771,178 |
| 5-6% | 426 | $280,210,000 | $657,770 |
| 2.5-3% | 278 | $219,600,000 | $789,928 |
| 6-7% | 247 | $162,065,000 | $656,134 |
| 7-8% | 116 | $67,400,000 | $581,034 |
| <2.5% | 95 | $129,125,000 | $1,359,211 |
| Over 8% | 71 | $43,575,000 | $613,732 |
During 2022, Key West's most frequently originated rate bucket was 3-4%, with 682 originations.
Loan Sizing (Key West, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $600k-1000k | 695 | $515,505,000 | $741,734 |
| $400k-600k | 636 | $317,510,000 | $499,230 |
| $200k-400k | 512 | $152,970,000 | $298,770 |
| $Over $1MM | 431 | $845,955,000 | $1,962,773 |
| $100k-200k | 140 | $19,940,000 | $142,429 |
| $100,000 or less | 72 | $4,660,000 | $64,722 |
Key West's loan sizing saw the bucket of loans from $600k-1000k with 695 originations, totaling $515,505,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 862 | $793,330,000 | $920,336 |
| 80-100% | 584 | $461,550,000 | $790,325 |
| 40-60% | 427 | $333,495,000 | $781,019 |
| 20-40% | 301 | $161,765,000 | $537,425 |
| Under 20% | 230 | $46,250,000 | $201,087 |
| Over 100% | 42 | $27,480,000 | $654,286 |
Key West's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 862 originations, totaling $793,330,000 in origination value.