FL ARCHIVED January 2018 | Page 108

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

City : Key Biscayne

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,490,000
-10%
-17%
Average List Price of all Current Listings
$ 2,499,747
-5%
-12%
January Median Sales Price
$ 820,000
31 %
4 %
-34% -13%
$ 820,000
-34%
-13%
January Average Sales Price
$ 1,353,962
58 %
8 %
3 %
-7%
$ 1,353,962
3 %
-7%
Total Properties Currently for Sale ( Inventory )
440
6 %
11 %
January Number of Properties Sold
13
0 %
0 %
13
0 %
January Average Days on Market ( Solds )
208
-4%
4 %
53 %
16 %
208
53 %
16 %
Asking Price per Square Foot ( based on New Listings )
$ 800
-7%
-1%
7 %
3 %
$ 800
7 %
3 %
January Sold Price per Square Foot
$ 690
24 %
6 %
23 %
8 %
$ 690
23 %
8 %
January Month ' s Supply of Inventory
33.8
6 %
1 %
11 %
7 %
33.8
11 %
7 %
January Sale Price vs List Price Ratio
87.9 %
2.8 %
. 7 %
1.0 %
. 1 %
87.9 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Agent Name

Key Biscayne Title

Phone Website Other

Community Information | School District

Property Sales
45
January Property sales were 13 , equal to 13 in January of 2017 and the same as the 13 sales last month . January 2018 sales
40
Number of Properties Sold
3 Mo Avg
Property were at their Sales lowest level compared to January of 2017 and
45
35
January
2016 . January Property YTD sales sales were of 13 , 13 equal are running to 13 January equal to of last 2017 year ' s and the same as the 13 sales last month . January 2018 sales
40 year-to-date sales of 13 .
30
were at their lowest level compared to January of 2017 and
35
25
2016 . January YTD sales of 13 are running equal to last year ' s year-to-date sales of 13 .
30
20
25
15
20
10
15
5
10
0
5
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 820,000 , down 33.6 %
F
M A M J
15
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
16
17
18
3 Mo Avg
Prices from $ 1,235,000 in January of 2017 and up 31.2 % from
4,100
The
$ 625,000 Median last Sales month Price . in The January Average was Sales $ 820,000 Price , down in January 33.6 % was from $ 1,235,000 in January of 2017 and up 31.2 % from
3,600
$ 1,353,962 , up 3.2 % from $ 1,312,538 in January of 2017 and up
4,100
Median Sales Price and Average Sales Price
3 Mo Avg
$
58.2 625,000 % from last $ month 856,000 . The last Average month Sales . January Price in 2018 January ASP was at a
3,600
3,100
$ mid 1,353,962 range , up compared 3.2 % from to January $ 1,312,538 of in 2017 January and 2016 of 2017 . and up
58.2 % from $ 856,000 last month . January 2018 ASP was at a
3,1002,600
mid range compared to January of 2017 and 2016 .
2,6002,100
2,1001,600
1,6001,100
262 261
27 263
39 255
33 249
25 247
30 254
22
253 250 261 259 298 313
Number of Properties Sold
27 39 33 25 30 22 19 21 21 25 23 16 14 19 19 20 21 13 17 18 11 17 14 13 6 18 13 20 22 15 11 14 14 12 13 13
1,100
600
600
F
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
M
15 A 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
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 440 , up of Properties 6.0 % from available 415 last for month sale as and of up 10.8 %
January from 397 was in 440 January , up 6.0 of % last from year 415 . last January month 2018 and Inventory up 10.8 % was
500 at from its highest 397 in January level compared of last year with . January 2018 of 2017 Inventory and 2016 was . at
400 its highest level compared with January of 2017 and 2016 .
300
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
70.0
60.0
50.0
80.0
70.0
60.0
50.0
40.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2018 sellers MSI while of a 33.8 higher months MSI was is better at its highest for buyers level . The compared January with 2018 January MSI of 33.8 of
2017100 months and 2016 was
. at its highest level compared with January of 2017 and 2016 .
0
200
40.0
30.0
100
20.0
10.0
0
0.0
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
F
M A 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
15
16
17
18
30.0
20.0
10.0
0.0
262 261 263 255 249 247
19 254
21 253
21 250
25 261
23 259
16 14 19 19 20 21 13 17 18 11
342 298 349 313 354
342 349 343
349
366 354
361 349
366 343
374 366
371 361
397 366
411 374
371 425
410 397
408 411 402 425
398 410
402 408
401
402 416
398 413
402
415 401 440
416
17 14 13 6 18 13 20 22 15 11 14
413 14
415
3 Mo Avg
12
440 13 13
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
108 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .