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.