FL ARCHIVED July 2017 - Page 110

Market Action Report City: Key Biscayne July 2017 Key Biscayne Agent Name Title Phone Agent Name Website Title Other July 2017 City: Key Biscayne Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $1,750,000 -2% -5% Other $2,988,162 Trending 0% versus*: -1% Trending versus*: Month LM 66% L3M 46% PYM 87% LY 64% YTD Prior YTD 15% Prior Year $1,572,500 $1,050,000 $1,750,000 -2% -27% 1% -5% 69% 13% $1,593,109 $1,779,500 4% $2,988,162 383 0% -2% -1% 12% $1,572,500 66% 46% 87% 17% 64% $1,050,000 15% -14% 9% 14 -33% 104 $1,779,500 122 -27% -27% 1% -21% 69% -38% 13% -8% $1,593,109 4% 20% 1% 153 383 -2% 12% $727 -14% -12% -1% -13% $825 -3% 14 -33% 17% 104 -14% $801 13% 16% 56% 14% $677 -4% 122 -27% -21% -38% -8% 153 20% 16% 27.4 47% 24% -4% 24% 31.4 58% $727 -14% -12% -1% -13% $825 -3% -1% 87.1% -2.0% -2.2% -2.2% -4.3% 88.8% -3% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot $801 13% 16% 56% 27.4 47% 24% -4% 87.1% -2.0% -2.2% -2.2% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 16% -1% -4% 42% -2% 14% $677 -4% -4% 24% 31.4 58% 42% Number of 88.8% Properties -4.3% -3% Sold -2% 3 Mo Avg Number of Properties Sold 40 3 Mo Avg 35 25 20 0 5 5 10 10 15 20 20 25 25 30 30 35 15 Prices 14 The Median Sales Price in July was $1,572,500, up 86.6% from Prices $842,500 in July of 2016 and up 65.5% from $950,000 last 4,200 The Median Sales Price Sales in July Price was $1,572,500, 86.6% from month. The Average in July was up $1,779,500, up $842,500 in July of 2016 and up 65.5% from last from 4,200 3,700 68.7% from $1,055,042 in July of 2016 and $950,000 down 26.9% month. The Average Sales Price in July was was $1,779,500, up level $2,435,226 last month. July 2017 ASP at the highest 3,700 3,200 68.7% from $1,055,042 in July 2016 and down 26.9% from compared to July of 2016 and of 2015. $2,435,226 last month. July 2017 ASP was at the highest level 3,200 2,700 15 16 19 19 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 14 15 16 17 A S O N D J F M A M Median J J A S Sales O N D Price J F M and A M Average J J A S Sales O N D Price J F M A M J J 0 compared to July of 2016 and 2015. 9% 1% 45 July Property sales were 14, up 16.7% from 12 in July of 2016 and 33.3% lower than the 21 sales last month. July 2017 sales Property Sales were at a mid level compared to July of 2016 and 2015. July 45 July were 14, up 16.7% 12 in last July of 2016 YTD Property sales of sales 104 are running 14.0% from behind year's year-to- 40 and 33.3% than the 21 sales last month. July 2017 sales date sales lower of 121. were at a mid level compared to July of 2016 and 2015. July YTD sales of 104 are running 14.0% behind last year's year-to- date sales of 121. Trending versus*: Prior YTD Prior Year YTD Market Action Report 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 2,700 2,200 2,200 1,700 1,700 1,200 1,200 700 700 Inventory & MSI 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 15 A M J J A S O N D J F M 16 A S 14 O N D J F M A M J J A S O N D J F M A 17 M J J 14 15 16 17 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 450 was Total 383, Inventory down 2.3% from 392 last month The of Properties available for and sale up as 12.3% of July from 341 383, in July of 2.3% last year. July last 2017 Inventory at its highest 450 400 was down from 392 month and up was 12.3% from 400 350 341 in July of last with year. July July of 2017 Inventory was at its highest level compared 2016 and 2015. 350 300 level compared with July of 2016 and 2015. 300 250 250 200 A comparatively lower MSI is more beneficial for sellers while 200 a 150 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 27.4 a 150 100 100 50 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 27.4 and 2015. months was at a mid compared July months was at a mid level compared with July of 2016 and 2015. 50 0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 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 M J J 14 15 16 17 14 15 16 17 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 110 | c . Data provided courtesy of Fort Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater d Greater w Fort el l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin 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 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.