Market Action Report
City: Key Biscayne
January 2018
Key Biscayne
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
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 January was 208, down 4.1% from
217 days last month and up 52.9% from 136 days in January of
last year. The January 2018 DOM was at a mid level compared
with January of 2017 and 2016.
3 Mo Avg
300
250
208
200
150
136
122
100
50
0
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
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
1,000
direction of Property values. Since Median Sales Price and
950
Average Sales price can be impacted by the 'mix' of high or low
900
end Properties in the market, the selling price per square foot is a
850
more normalized indicator on the direction of Property values.
The January 2018 Selling Price per Square Foot of $690 was up
800
24.1% from $556 last month and up 23.1% from 560 in January
750
of last year.
700
650
600
550
500
3 Mo Avg
704
690
560
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
15
16
17
18
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 January 2018 Selling Price vs Original
List Price of 87.9% was up from 85.5% last month and up from
87.0% in January of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
89.8%
87.9%
87.0%
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
15
16
17
18
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 bas