FL ARCHIVED May 2017 | Page 112

Market Action Report
City: Key Biscayne
May 2017
Key Biscayne
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 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
-3%
-14%
Other
$3,022,751 Trending
-1% versus*:
-10%
Trending versus*:
Month
LM -1%
L3M 1%
PYM -0%
LY
Prior YTD -2%
Prior Year 7%
$1,037,500
8% YTD
$1,025,000
$1,750,000
-3% 5% -14%
$1,336,538
1% 11% -15% $1,298,994
-23%
-17%
$3,022,751 398
-1% 0% -10% 13%
$1,037,500 -1%
1% -0% 0%
8% $1,025,000
-2%
20 54%
69 -22% 7%
$1,336,538 175
5% 25%
1% 11%
11% 41%
-15% 33%
$1,298,994
-23%
155
24% -17% 17%
398 0%
13%
$837 -6% -3% 12% 0%
$843
-3%
0%
20 54%
0%
69 -22%
$608 -10% -7% -10% -14%
$643
-14%
-9%
175 25% 11% 41% 33%
155
24%
17%
19.9 -35% -19% 13% -10%
34.4
83%
56%
$837 -6% -3% 12% 0%
$843
-3%
0%
89.1% -2.7% -.4% -8.2% -2.1%
89.1%
-3%
-2%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median
List Price
of all
Current Listings
May Average
Sales
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
May
Sales
Price
May Median
Number
of Properties
Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
May Number of Properties Sold
May Sold Price per Square Foot
May Average Days on Market (Solds)
May Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
May Sale Price vs List Price Ratio
May Sold Price per Square Foot
$608 -10% -7% -10%
19.9 -35% -19% 13%
89.1% -2.7% -.4% -8.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May Month's Supply of Inventory
May 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
3 Mo Avg
Number of Properties Sold
40
3 Mo Avg
35
Prices
14
The Median Sales Price in May was $1,037,500, down 0.2%
Prices
from $1,039,500 in May of 2016 and down 1.2% from
4,200
The
Median Sales
in May
$1,037,500,
down in 0.2%
$1,050,000
last Price
month.
The was
Average
Sales Price
May was
3,700
from
$1,039,500
May from
of 2016
and down in 1.2%
$1,336,538,
up in
11.5%
$1,198,800
May from
of 2016 and up 4,200
$1,050,000
month. The
Price ASP
in May
was
5.4% from la st
$1,267,769
last Average
month. Sales
May 2017
was
at a mid
3,700 3,200
$1,336,538,
up 11.5%
from of
$1,198,800
May of 2016 and up
range compared
to May
2016 and in
2015.
5.4% from $1,267,769 last month. May 2017 ASP was at a mid
3,200 2,700
15
20
19
16
14
16
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
15
16
17
M Median
A M J J Sales
A S O Price
N D J and
F M Average
A M J J Sales
A S O Price
N D J F M A M
J J A S O N D
14
J J A S O N D J F
0
0
5
5
10
10
15
20 20
25 25
30
30
35
15
range compared to May of 2016 and 2015.
-14%
$643
-14%
-9%
-10%
34.4
83%
56%
Number of 89.1%
Properties
-2.1%
-3% Sold -2%
45
May Property sales were 20, equal to 20 in May of 2016 and
53.8% higher than the 13 sales last month. May 2017 sales were
Property
Sales
at their lowest
level compared to May of 2016 and 2015. May 45
May
were
20, equal
to 20
in May
of year's
2016 and
YTD Property
sales of sales
69 are
running
21.6%
behind
last
year-to-
40
53.8%
higher
date sales
of than
88. the 13 sales last month. May 2017 sales were
at their lowest level compared to May of 2016 and 2015. May
YTD sales of 69 are running 21.6% behind last year's year-to-
date sales of 88.
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
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
15 A M J J A S O N D J F M 16
J J 14
A S O N D J F M
A M J J A S O N D J F M A 17 M
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 May
was Total
398, Inventory
up 0.3% from
397 last available
month and
up 13.4%
from 351 in 450
The
of Properties
for sale
as of May
May
of last
year. from
May 397
2017
was
its highest
level
was
398,
up 0.3%
last Inventory
month and
up at
13.4%
from 351
in 450 400
400 350
May
of last year.
Inventory
was at its highest level
compared
with May
May 2017
of 2016
and 2015.
350 300
compared with May 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.
May 2017
MSI of
19.9 a 150 100
100 50
higher
MSI
is better
for buyers.
May 2017
MSI May
of 19.9
months
was
at its highest
level The
compared
with
of 2016 and
50
months
0
2015. was at its highest level compared with May 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
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 M
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.