FL ARCHIVED October 2017 | Page 108

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

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
$ 1,595,000
-2%
-13%
Average List Price of all Current Listings
$ 2,492,344
-8%
-10%
October Median Sales Price
$ 945,000
32 % -18% -19%
-2%
$ 1,025,000
5 %
7 %
October Average Sales Price
$ 1,201,817
9 %
-14% -34% -23%
$ 1,504,706
-8%
-4%
Total Properties Currently for Sale ( Inventory )
415
6 %
14 %
October Number of Properties Sold
12
-8%
9 %
141
-14%
October Average Days on Market ( Solds )
195 -21% -1%
82 %
48 %
172
37 %
30 %
Asking Price per Square Foot ( based on New Listings )
$ 824
14 %
7 %
1 %
-1%
$ 808
-3%
-3%
October Sold Price per Square Foot
$ 635
2 %
-6% -36% -10%
$ 664
-9%
-6%
October Month ' s Supply of Inventory
34.6
14 %
3 %
5 %
56 %
32.2
48 %
45 %
October Sale Price vs List Price Ratio
85.2 %
-. 6 % -. 9 % -5.8% -6.4%
88.0 %
-4%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Key Biscayne Title

Phone Website Other

Community Information | School District

Property Sales
45
October Property sales were 12 , up 9.1 % from 11 in October of
2016 and 7.7 % lower than the 13 sales last month . October 2017
40
Number of Properties Sold
3 Mo Avg
Property sales were Sales at a mid level compared to October of 2016 and 2015 45.
35
October Property YTD sales sales of were 141 are 12 , running up 9.1 % from 14.0 % 11 behind October last of year ' s
2016 and 7.7 % lower than the 13 sales last month . October 2017
40 year-to-date sales of 164 .
30
sales were at a mid level compared to October of 2016 and 2015 .
35
25
October YTD sales of 141 are running 14.0 % behind last year ' s year-to-date sales of 164 .
30
20
25
15
20
10
15
5
10
0
5
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 945,000 , down 18.5 %
N
D
J
F M A M J
14
15
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
16
17
J
A S O
3 Mo Avg
Prices from $ 1,160,000 in October of 2016 and up 32.2 % from
4,200
The
$ 715,000 Median last Sales month Price . in The October Average was Sales $ 945,000 Price , down in October 18.5 % was from $ 1,160,000 in October of 2016 and up 32.2 % from
3,700
$ 1,201,817 , down 33.9 % from $ 1,817,273 in October of 2016 and
4,200
Median Sales Price and Average Sales Price
3 Mo Avg
$ up 715,000 8.6 % last from month $ 1,106,615 . The Average last month Sales . Price October in October 2017 ASP was was at
3,700
3,200
$ the 1,201,817 lowest , down level 33.9 compared % from to $ 1,817,273 October of in 2016 October and of 2015 2016 . and up 8.6 % from $ 1,106,615 last month . October 2017 ASP was at
3,2002,700
the lowest level compared to October of 2016 and 2015 .
2,7002,200
11
2,2001,700
1,7001,200
21 17 25 39 33
Number of Properties Sold
11 21 17 25 39 33 23 29 22 19 20 20 25 22 16 14 19 19 20 21 12 17 15 11 17 14 12 6 18 13 20 21 15 11 13 12
1,200
700
700
N
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
D
14
J
F
15 M 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 A
17 M J
J
A S O
A S O
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 415 , up of Properties 5.6 % from available 393 last for month sale and as of up 14.3 %
October from 363 was in 415 October , up 5.6 of % last from year 393 . last October month 2017 and Inventory up 14.3 % was
450 at from its highest 363 in October level compared of last year with . October 2017 of 2016 Inventory and 2015 was . at
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
70.0
80.0
70.0
60.0
its highest level compared with October of 2016 and 2015 .
350
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The October 2017 MSI of 34.6 higher MSI is better for buyers . The October 2017 MSI of 34.6
100 months was at its highest level compared with October of 2016 months was at its highest level compared with October of 2016
50 and 2015 . and 2015 .
0
300
60.0
250
50.0
200
40.0
150
30.0
100
20.0
50
10.0
0
0.0
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 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
14
15
16
17
14
15
16
17
50.0
40.0
30.0
20.0
10.0
0.0
23 29 22 19 20 20 25 22 16 14
278 263
254 278
259 263
258 254
259 259
252 258
247 259
245 252 254
247 254
245 252
254 254
254
257 252 296 254 310 257 338 296
345
351 310
347 338
341 345
363 351
359 347
363 341
370 363
367 359
393 363
408 370 367
421 406 393
405 408
400 421
392 406
395 405
393
400 415
392
19 19 20 21 12 17 15 11 17 14 12 6 18 13 20 21
395 15
393
3 Mo Avg
11
415 13 12
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 .