FL ARCHIVED April 2018 | Page 108

Key Biscayne
Agent Name
City: Key Biscayne Community Information | School District
Phone
Month
Website
Trending versus*:
LM L3M PYM
LY
$1,580,000
1%
-12%
Other
$2,745,399 Trending
3% versus*:
-6%
Month
LM 53%
L3M 33%
PYM 43%
LY
$1,500,000
$1,580,000
1% 44% 18%
-12% 48%
$1,871,613
$2,745,399 414
3% -1% -6% 0%
$1,500,000 53%
33% 43% 138%
58%
31 19%
$1,871,613 182
44% 23%
18% 5%
48% 30%
29%
414 -1%
0%
$725 -6% -7% -10%
31 19%
138%
$756 15% 6% 27%
182 23% 5% 30% 2%
13.4 -17% -38% -58%
$725 -6% -7% -10% -5%
88.7% -1.6% .2% -3.2%
$756 15% 6% 27%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
April Month's Supply of Inventory
13.4 -17% -38% -58%
April Sale Price vs List Price Ratio
88.7% -1.6% .2% -3.2%
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
10
13
14
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
15
16
17
18
3 Mo Avg
2,600 2,100
2,100 1,600
300
200
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
500
450
400
350
300
250
200
150
100
50
0
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
as the relationship between these items. The number of New
Listings in April 2018 was 68, up 11.5% from 61 last month and
up 41.7% from 48 in April of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
.
88.7%
18
A comparatively lower MSI is more beneficial for sellers while 200
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
a
MSI is better
for buyers.
April for
2018
MSI while
of 13.4
100
higher
MSI
is better
for buyers.
April 2018
of of
13.4
months
was
at its lowest
level The
compared
with MSI
April
2017 and 100
months
was
at
its
lowest
level
compared
with
April
of
2017
and
0
2016.
0
2016.
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
15
16
17
18
108 | c
91.6%
17
300
92.6%
500
16
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
was Total
414, Inventory
down 1.2%
419 last
month for
and
up as 0.5%
from 412
The
of from
Properties
available
sale
of April
500
in April
of last 1.2%
year.
April
Inventory
was
at its
highest
was
414, down
from
419 2018
last month
and up
0.5%
from
412 level
400
in compared
April of last
year.
April
2018 and
Inventory
with
April
of 2017
2016. was at its highest level
400
compared with April of 2017 and 2016.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
16 A M J J A S O N D J F M 17
M J 15
J A S O N D J F M
A M J J A S O N D J F M A 18
15
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
1,100 600
Inventory & MSI
595
The Selling Price vs Original Listing Price reveals the average
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 98%
96%
a Buyer's market exists, a ratio at or above 100% indicates more
94%
of a Seller's market. The April 2018 Selling Price vs Original
92%
List Price of 88.7% was down from 90.1% last month and down
90%
from 91.6% in April of last year.
88%
86%
84%
82%
80%
78%
1,600 1,100
600
671
compared to April of 2017 and 2016.
Median Sales Price and Average Sales Price
756
The Median Sales Price in April was $1,500,000, up 42.9% from
Prices
$1,050,000 in April of 2017 and up 52.7% from $982,500 last
4,100
The
Median
Sales
Price Sales
in April
was in
$1,500,000,
up 42.9% from
month.
The
Average
Price
April was $1,871,613,
up
3,600
$1,050,000
April of 2017
$982,500
last
47.6% from in $1,267,769
in and
April up of 52.7%
2017 from
and up
44.0% from
4,100
month.
The Average
Sales April
Price 2018
in April
was
$1,871,613,
up level
$1,299,796
last month.
ASP
was
at the highest
3,600 3,100
47.6%
from $1,267,769
in April
of 2016.
2017 and up 44.0% from
compared
to April of 2017
and
$1,299,796 last month. April 2018 ASP was at the highest level
3,100 2,600
3 Mo Avg
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
17
13
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
0
5
Prices
1,000
950
900
850
800
750
700
650
600
550
500
5
10
0
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is
a more normalized indicator on the direction of Property values.
The April 2018 Selling Price per Square Foot of $756 was up
14.7% from $659 last month and up 27.1% from 595 in April of
last year.
15
15
Selling Price per Square Foot
Selling Price per Square Foot
20
20
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
25
25
0
3 Mo Avg
Number of Properties Sold
30
were at their highest level compared to April of 2017 and 2016.
April YTD sales of 82 are running 64.0% ahead of last year's
year-to-date sales of 50.
50
35
April Property sales were 31, up 138.5% from 13 in April of 2017
and 19.2% higher than the 26 sales last month. April 2018 sales
Property
Sales
were at their
highest level compared to April of 2017 and 2016. 35
April
sales
31, running
up 138.5%
from ahead
13 in April
of year's
2017
April Property
YTD sales
of were
82 are
64.0%
of last
and
19.2% higher
than
year-to-date
sales
of the
50. 26 sales last month. April 2018 sales 30
18%
$710
13%
11%
-58%
24.8 -36%
-22%
Number of 88.5%
Properties
1.0%
-1% Sold 1%
100
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
0%
13%
-2%
-36%
2%
-1%
107
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
-5%
$782
82
64%
18%
$710
174
20%
-58%
24.8
$782
0%
1.0%
88.5%
-2%
2%
11%
-22%
1%
140
150
April Average Days on Market (Solds)
64% 18%
20% 9%
182
April Sold Price per Square Foot
12%
82
21%
174
200
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
21%
250
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$1,125,000
$1,585,978
2%
18%
9%
April Average Sales Price
$1,585,978
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 182, up 23.0% from 148
days last month and up 30.0% from 140 days in April of last
year. The April 2018 DOM was at a mid level compared with
April of 2017 and 2016.
3 Mo Avg
300
April
Sales
Price
April Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 12%
Prior Year
$1,125,000
Days On Market for Sold Properties
Market Time
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
YTD
58%
29%
Community Information | School District
Price Range: All | Properties: SFH - Con
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Title
Phone
Website
Other
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
April 2018
Key Biscayne
Price Range: All | Properties: SFH - Con
City: Key Biscayne
April 2018
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
Market Action Report
City: Key Biscayne
April 2018
Market Action Report
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REAL
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
.
| 109
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
c Coast
l Association
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant real
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.