Key Biscayne Community Information | School District
Key Biscayne Community Information | School District
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for November was 157 , down 18.7 % from 193 days last month and up 8.3 % from 145 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 . |
300
250
200
150
100
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Days On Market for Sold Properties
111
145
|
3 Mo Avg
157
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50 |
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The November 2017 Selling Price per Square Foot of $ 644 was up 2.7 % from $ 627 last month and up 9.8 % from 586 in November of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs Original List Price of 91.3 % was up from 84.9 % last month and up from 89.9 % in November of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in November 2017 was 41 , down 30.5 % from 59 last month and equal to 41 in November of last year .
0
1,000 950 900 850 800 750 700 650 600 550 500
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %
450 400 350 300 250 200 150 100 50 0
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 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
263
D J 14 15
907
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 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
93.7 %
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 14 15
16
17 Inventory / New Listings / Sales
256
D J
14 15
263 262 264 256 250
Avg Selling Price divided by Avg Listing Price for sold properties during the month
249 256 255 251 262 260 299 314 343 350 356 352 346 369 364 368
586
89.9 %
375
373 400 414 427 412 410 404 396
3 Mo Avg
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 |
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|
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16 |
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17 |
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400 398 415
644
91.3 %
411 c o l d w e l l b a n k e r h o m e s . c o m | 109