FL ARCHIVED 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.