Florida Market Viewpoint April 2017 - Page 112

Market Action Report City: Key Biscayne April 2017 Key Biscayne Agent Name Title Phone Agent Name Website Title Other April 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 $1,800,000 0% -18% Other $3,087,276 Trending 4% versus*: -9% Month LM 10% L3M 5% PYM 20% LY $1,050,000 $1,800,000 0% 11% -3% -18% -9% $1,267,769 $3,087,276 398 4% -4% -9% 15% $1,050,000 10% 5% 20% -32% 9% 13 -24% $1,267,769 140 11% -10% -3% -2% -9% 31% -19% 398 -4% 15% $900 2% 6% 9% 13 -24% -32% $677 6% 4% -2% 140 -10% -2% 31% 6% 30.6 26% -24% 69% $900 2% 6% 9% 7% 91.6% 4.8% 2.8% -1.1% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $677 6% 4% -2% 30.6 26% -24% 69% 91.6% 4.8% 2.8% -1.1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory April 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 $1,002,500 $1,302,288 6% 7% -4% 39% .6% -5% 48 -29% 4% -28% 143 14% -17% 8% 1% -8% 74% -2% $850 -6% 48 -29% $649 -15% 143 14% 8% 38.5 101% $850 -6% 1% 89.1% -1% -4% $649 -15% -8% 39% 38.5 101% 74% Number of 89.1% Properties .6% -1% Sold -2% 3 Mo Avg Number of Properties Sold 40 3 Mo Avg 35 19 22 0 5 5 10 10 15 20 20 25 25 30 30 35 15 Prices 14 The Median Sales Price in April was $1,050,000, up 20.0% from Prices $875,000 in April of 2016 and up 9.9% from $955,000 last 4,200 The Median Sales Price Sales in April was in $1,050,000, up 20.0% from month. The Average Price April was $1,267,769, down 3,700 $875,000 in April of 2016 in and up of 9.9% from 9.0% from $1,393,632 April 2016 and $955,000 up 11.5% last from 4,200 month. The Aver age Sales April Price 2017 in April was $1,267,769, down $1,137,106 last month. ASP was at the lowest level 3,700 3,200 9.0% from $1,393,632 April of 2016 compared to April of in 2016 and 2015. and up 11.5% from $1,137,106 last month. April 2017 ASP was at the lowest level 3,200 2,700 15 16 16 22 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 14 15 16 17 M J J A S O N D J F Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A 0 compared to April of 2016 and 2015. Trending versus*: Prior YTD -5% Prior Year 4% 9% YTD $1,002,500 -19% $1,302,288 -28% -17% 45 April Property sales were 13, down 31.6% from 19 in April of 2016 and 23.5% lower than the 17 sales last month. April 2017 Property sales were Sales at their lowest level compared to April of 2016 and 45 April Property sales sales were of 13, 48 down 31.6% from 19 in behind April of last 2015. April YTD are running 29.4% 40 2016 and 23.5% lower sales than of the 17 sales last month. April 2017 year's year-to-date 68. sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 48 are running 29.4% behind last year's year-to-date sales of 68. 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 Inventory & MSI 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 15 A M J J A S O N D J F M 16 M J 14 J A S O N D J F M A M J J A S O N D J F M A 17 14 15 16 17 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 70.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 450 was Total 398, Inventory down 3.6% from 413 last month from The of Properties available for and sale up as 15.4% of April 450 400 345 398, in April last from year. 413 April Inventory was at from its highest was down of 3.6% last 2017 month and up 15.4% 345 in compared April of last with year. April April of 2017 was at its highest 400 350 level 2016 Inventory and 2015. 350 300 level compared with April 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 sellers a 150 100 MSI is better for buyers. April for 2017 MSI while of 30.6 100 50 higher MSI is better for buyers. April 2017 MSI of 30.6 months was at its highest level The compared with April of 2016 and 50 months 0 2015. was at its highest level compared with April of 2016 and 0 2015. 50.0 50.0 40.0 30.0 20.0 10.0 0.0 15 16 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 . 60.0 60.0 40.0 30.0 20.0 10.0 0.0 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 A S O N D J F M A 14 15 16 17 14 112 | c 70.0 700 17 Data provided courtesy of 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 e l Fort 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.