FL ARCHIVED December 2017 | Page 108

Market Action Report December 2017
Community Information | School District
Market Action Report December 2017

City : Key Biscayne

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,599,000
2 %
-11%
Average List Price of all Current Listings
$ 2,646,152
4 %
-7%
December Median Sales Price
$ 650,000
-21% -17% -52% -33%
$ 950,000
-1%
-1%
December Average Sales Price
$ 891,667
-47% -26% -45% -43%
$ 1,460,885
-8%
-7%
Total Properties Currently for Sale ( Inventory )
413
0 %
11 %
December Number of Properties Sold
12
0 %
-14%
168
-16%
December Average Days on Market ( Solds )
204
3 %
-1%
14 %
57 %
176
35 %
35 %
Asking Price per Square Foot ( based on New Listings )
$ 866
1 %
10 %
21 %
10 %
$ 771
-2%
-2%
December Sold Price per Square Foot
$ 563
-25%
-9%
-16% -19%
$ 637
-9%
-8%
December Month ' s Supply of Inventory
34.4
0 %
5 %
29 %
57 %
32.3
48 %
48 %
December Sale Price vs List Price Ratio
85.2 % -6.4% -1.7% -5.8% -6.3%
87.8 %
-4%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Key Biscayne Title

Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
45
December Property sales were 12 , down 14.3 % from 14 in
December of 2016 and the same as the 12 sales last month .
40
Number of Properties Sold
3 Mo Avg
Property
December Sales 2017 sales were at their lowest level compared to
45
35
December Property of 2016 sales and were 2015 . 12 December , down 14.3 YTD % from sales 14 of in 168 are
December of 2016 and the same as the 12 sales last month .
40 running 15.6 % behind last year ' s year-to-date sales of 199 .
30
December 2017 sales were at their lowest level compared to December of 2016 and 2015 . December YTD sales of 168 are running 15.6 % behind last year ' s year-to-date sales of 199 .
35
30
25
20
25
15
20
10
15
5
10
0
5
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
0
15
16
17
Prices
The Median Sales Price in December was $ 650,000 , down
J
F M A M J
15
J
A
S
OMedian N D
J FSales M A MPrice J J Aand
S OAverage N D
J
F Sales M A M Price J
J
A
16
17
S O N D
3 Mo Avg
Prices
52.1 % from $ 1,357,550 in December of 2016 and down 21.2 %
4,100
The from Median $ 825,000 Sales last Price month in December . The Average was $ 650,000 Sales Price , down in
3,600
52.1
December % from $ was 1,357,550 $ 891,667 in December , down 44.6 of 2016 % from and $ 1,609,275 down 21.2 % in
4,100 from
December $ 825,000 of 2016 last month and down . The 46.7 Average % from Sales $ 1,672,917 Price in last month .
3,100
3,600
December was 2017 $ 891,667 ASP was , down at the 44.6 lowest % from level $ 1,609,275 compared in to of 2016 and down 46.7 % from $ 1,672,917 last month .
3,100
2,600
December of 2016 and 2015 .
Median Sales Price and Average Sales Price
3 Mo Avg
December 2017 ASP was at the lowest level compared to
December of 2016 and 2015 .
2,6002,100
2,1001,600
1,6001,100
1,100
600
600
J
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
15
16
17
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
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 413 of , up Properties 0.5 % from available 411 last for month sale as and of up 10.7 %
December from 373 was in December 413 , up 0.5 of % last from year 411 . last December month and 2017 up Inventory 10.7 %
450 from was 373 at its in highest December level of compared last year . December with December 2017 Inventory of 2016 and
400 was
2015 at . its highest level compared with December of 2016 and
350
2015 .
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The December 2017 MSI of higher MSI is better for buyers . The December 2017 MSI of
100
34.4 months was at its highest level compared with December of
34.4 months was at its highest level compared with December of
50
2016 and 2015 .
2016 and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
80.0
350
70.0
300
60.0
250
50.0
200
40.0
150
30.0
100
20.0
50
10.0
0
0.0
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 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
15
16
17
15
16
17
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
256 263
17 256
27 263
39 262
262 264 256
33 264
25 256
250 248
30 250
22 248
255 254
19 255
251 262
21 254
21 251
260
299 25 23
262 314 260
16
343 299 350
14
314 343
19
356
351 350
19 356
20
345
368 351
21 345
13 368
363 368 376
17 363
18 368
373 399
11 376
17 373
413 426
17 27 39 33 25 30 22 19 21 21 25 23 16 14 19 19 20 21 13 17 18 11 17 14 12 6 14 12
18 13 20 22 15 11 13 14 12 12
399 413
411 409
6 426
18 411
403 397 401
13 409
20
403
399 414
22
397 401
15
411 413
399 11
414 13
411 14
413 12 12
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 Assoc
108 | c o l d w e l l b a n k e r h o m e s . c o m 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 .