FL ARCHIVED February 2018 | Page 108

Key Biscayne
Agent Name
City: Key Biscayne Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
Days On Market for Sold Properties
Market Time
$762 9% -2% -23%
33.4 -27% -31% -63%
83.1% -2.7% -2.1% -3.9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=La st Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
February Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
30
February Property sales were 8, up 166.7% from 3 in February
of 2017 and 33.3% higher than the 6 sales last month. February 25
Property
2018 sales Sales
were at a mid level compared to February of 2017 and
30
February
Property YTD
sales sales
were of
8, 14
up are
166.7%
from 40.0%
3 in February
2016. February
running
ahead of last
of year's
2017 and
33.3% higher
the 6 sales last month. February 25 20
year-to-date
sales than
of 10.
3 Mo Avg
Number of Properties Sold
3 Mo Avg
10
7
6
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
15
16
17
18
M A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A Sales
M J J Price
A S O N D J F
3 Mo Avg
15
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 83.1% was down from 85.4% last month and down
from 86.5% in February of last year.
120%
100%
60%
0%
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
15
16
17
18
2,800 2,300
100.0
80.0
150 60.0
A comparatively lower MSI is more beneficial for sellers while a 100
100
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 33.4
MSI is better
for buyers.
February
2018 MSI
50
higher
MSI
is better
for level
buyers.
The February
2018 MSI of of 2017
33.4 and
months
was
at a mid
compared
with February
50
months
was
at
a
mid
level
compared
with
February
of
2017
and
0
2016. 40.0
150
0
2016.
20.0
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
18
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
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16
17
15
16
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Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
$1,000,000
Up | Property
Types:
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
$1,000,000
and Up and
| Property
Types: SFH
- Con SFH - Con
108 | c
.
0.0
200
100.0 150
80.0 100
60.0 50
40.0 0
20.0
0.0
250
300
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
200
and 2016.
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
18
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
Inventory & MSI
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 February 2018 was 40, down 20.0% from 50 last month and
up 29.0% from 31 in February of last year.
2,300 1,800
The Total Inventory
Inventory
& MSI of Properties available for sale as of
300
February
was 267, of
down
2.6% from
274 for
last sale
month
The
Total Inventory
Properties
available
as of and down
300
1.1% from
270
in down
February
last 274
year.
2018
February
was
267,
2.6% of
from
last February
month and
down
250
1.1%
from 270
in at
February
of last
year. February
2018
Inventory
was
a mid level
compared
with February
of 2017 250
200
Inventory
was at a mid level compared with February of 2017
and 2016.
83.1%
80%
20%
3,300 2,800
1,300
86.5%
85.6%
40%
3,800
1,800 1,300
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
The Median Sales Price in February was $1,412,500, down 11.7%
Prices
from $1,600,000 in February of 2017 and down 30.1% from
5,300
The
Median Sales
in February
was $1,412,500,
11.7%
$2,020,000
last Price
month.
The Average
Sales Price down
in February
4,800
from
February
of 2017
and down 30.1%
from
was $1,600,000
$2,317,500, in down
30.0%
from $3,310,000
in February
of 5,300
4,300
$2,020,000
last
month.
Average last
Sales month.
Price in February
February 2018
2017 and up
4.5%
from The
$2,217,417
4,800
was
$2,317,500,
30.0%
$3,310,000
in February
of and
ASP
was at the down
lowest
level from
compared
to February
of 2017
3,800
4,300
2017
and up 4.5% from $2,217,417 last month. February 2018
2016.
3,300
ASP was at the lowest level compared to February of 2017 and
2016.
762
Prices
900
0
990
1,000
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
15
16
17
18
0
1,087
1,100
600
5 5
1,200
700
10
10
3 Mo Avg
1,300
800
15
15
Selling Price per Square Foot
Selling Price per Square Foot
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 February 2018 Selling Price per Square Foot of $762 was up
8.5% from $702 last month and down 23.1% from 990 in
February of last year.
2018 sales were at a mid level compared to February of 2017 and
2016. February YTD sales of 14 are running 40.0% ahead of last
20
year's year-to-date sales of 10.
-4%
$736
-10%
-7%
-25%
39.5 -38%
-11%
Number of 84.1%
Properties
-3.4%
-1% Sold -2%
February Sold Price per Square Foot
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
15
16
17
18
February Sale Price vs List Price Ratio
0
February Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
50
February Average Days on Market (Solds)
100
February Sold Price per Square Foot
150
February Number of Properties Sold
200
Asking Price per Square Foot (based on New Listings)
231
191
Total Prop erties Currently for Sale (Inventory)
244
250
February Average Days on Market (Solds)
300
February Average Sales Price
350
February
Sales
Price
February Median
Number
of Properties
Sold
3 Mo Avg
400
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
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 February was 231, up 12.1% from
206 days last month and up 20.9% from 191 days in February of
last year. The February 2018 DOM was at a mid level compared
with February of 2017 and 2016.
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median
List Average
Price of Sales
all Current
February
Price Listings
Title
Phone
Website
Other
Community Information | School District
$2,470,000
0%
-2%
Other
$3,740,449 Trending
4% versus*:
-5%
Trending versus*:
Month
LM -30%
L3M -5%
PYM -12%
LY -21% YTD
Prior YTD -10%
Prior Year -19%
$1,412,500
$1,457,500
$2,470,000
0% 5% 0%
-2% -30% -2% $2,274,607
$2,317,500
-1%
-3%
$3,740,449 267
4% -3% -5% -1%
$1,412,500 -30%
-5% -12% 167%
-21% $1,457,500
-10%
8 33%
14
40% -19%
$2,317,500 231
5% 12%
0% -30%
-2%
$2,274,607
-1%
7% 21% 14%
220
22% -3%
9%
267 -3%
-1%
$963 -5% -2% 0% 1%
$994
4%
5%
8 33%
167%
14
40%
$762 9% -2% -23% -4%
$736
-10%
-7%
231 12% 7% 21% 14%
220
22%
9%
33.4 -27% -31% -63% -25%
39.5 -38%
-11%
$963 -5% -2% 0% 1%
$994
4%
5%
83.1% -2.7% -2.1% -3.9% -3.4%
84.1%
-1%
-2%
Average List Price of all Current Listings
Agent Name
Price Range: $1,000,000 and Up | Properties: SFH - Con
YTD
February 2018
Key Biscayne
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
City: Key Biscayne
February 2018
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
Market Action Report
City: Key Biscayne
February 2018
Market Action Report
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REALTORS
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.