Florida Market Viewpoint June 2017 - Page 110

Market Action Report City: Key Biscayne June 2017 Key Biscayne Agent Name Title Phone Agent Name Website Title Other June 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 $1,792,500 4% -5% Other $3,006,940 Trending -0% versus*: -6% Month LM -14% L3M -7% PYM 11% LY $890,000 $1,792,500 4% 82% 55% -5% 112% $2,438,550 $3,006,940 390 -0% -2% -6% 12% $890,000 -14% -7% 11% -5% -7% 20 0% $2,438,550 155 82% -11% 55% -3% 112% 58% 55% 390 -2% 12% $851 2% -1% 5% 20 0% -5% $709 17% 7% 10% 155 -11% -3% 58% 17% 19.5 -2% -17% 18% $851 2% -1% 5% 2% 89.3% .2% .1% -4.3% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Price Current Listings June Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) June Sales Price June Median Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) June Number of Properties Sold June Sold Price per Square Foot June Average Days on Market (Solds) June Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) June Sale Price vs List Price Ratio June Sold Price per Square Foot $709 17% 7% 10% 19.5 -2% -17% 18% 89.3% .2% .1% -4.3% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date June Month's Supply of Inventory June 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 $955,000 $1,555,074 17% -1% 89 -1% 155 -18% -1% 29% -1% 2% $839 -3% 89 -18% 1% $658 -9% 155 29% 17% -12% 32.0 74% $839 -3% 0% -1.9% 89.2% -3% 17% 0% -7% 45% -2% 1% $658 -9% -7% -12% 32.0 74% 45% Number of 89.2% Properties -1.9% -3% Sold -2% 3 Mo Avg Number of Properties Sold 40 3 Mo Avg 35 20 20 0 5 5 10 10 15 20 20 25 25 30 30 35 15 Prices 14 The Median Sales Price in June was $890,000, up 11.3% from Prices $800,000 in June of 2016 and down 14.2% from $1,037,500 4,200 The in June was $890,000, 11.3% from last Median month. Sales The Price Average Sales Price in June up was $2,438,550, up 3,700 $800,000 in June of 2016 in and down 14.2% and from 111.7% from $1,151,632 June of 2016 up $1,037,500 82.5% from 4,200 last month. The June was at $2,438,550, $1,336,538 last Average month. Sales June Price 2017 in ASP was the highest up level 3,700 3,200 111.7% from to $1,151,632 in June of 2015. 2016 and up 82.5% from compared June of 2016 and $1,336,538 last month. June 2017 ASP was at the highest level 3,200 2,700 15 16 19 14 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 14 15 16 17 J A S O N D J F M A Median M J J A Sales S O N Price D J F and M A Average M J J A Sales S O N Price D J F M A M J 0 compared to June of 2016 and 2015. Trending versus*: Prior YTD -1% Prior Year -1% -7% YTD $955,000 55% $1,555,074 -1% -1% 45 June Property sales were 20, down 4.8% from 21 in June of 2016 and the same as the 20 sales last month. June 2017 sales Property Sales were at their lowest level compared to June of 2016 and 2015. 45 June sales 20, running down 4.8% from 21 in June of June Property YTD sales of were 89 are 18.3% behind last year's year- 40 2016 and sales the same as the 20 sales last month. June 2017 sales to-date of 109. were at their lowest level compared to June of 2016 and 2015. June YTD sales of 89 are running 18.3% behind last year's year- to-date sales of 109. Trending versus*: Prior YTD Prior Year YTD Market Action Re port 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 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 15 A M J J A S O N D J F M 16 J A 14 S O N D J F M A M J J A S O N D J F M A 17 M J 14 15 16 17 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of June 450 was Total 390, Inventory down 1.8% from 397 last month from The of Properties available for and sale up as 12.4% of June 347 390, in June last from year. 397 June Inventory was at from its highest 450 400 was down of 1.8% last 2017 month and up 12.4% 400 350 347 in compared June of last with year. June June of 2017 was at its highest level 2016 Inventory and 2015. 350 300 level compared with June 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 MSI is better for buyers. June 2017 MSI while of 19.5 a 150 100 100 50 higher MSI is better for buyers. June 2017 MSI of 19.5 months was at its highest level The compared with June of 2016 and 50 months 0 2015. was at its highest level compared with June of 2016 and 0 2015. 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 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 M 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 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 700 . 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.