FL ARCHIVED April 2017 | Page 112

Market Action Report
City: Key Biscayne
April 2017
Key Biscayne
Agent Name
Title
Phone
Agent
Name
Website
Title Other
April 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
$1,800,000
0%
-18%
Other
$3,087,276 Trending
4% versus*:
-9%
Month
LM 10%
L3M 5%
PYM 20%
LY
$1,050,000
$1,800,000
0% 11% -3%
-18% -9%
$1,267,769
$3,087,276 398
4% -4% -9% 15%
$1,050,000 10%
5% 20% -32%
9%
13 -24%
$1,267,769 140
11% -10%
-3% -2%
-9% 31%
-19%
398 -4%
15%
$900 2% 6% 9%
13 -24%
-32%
$677 6% 4% -2%
140 -10% -2% 31% 6%
30.6 26% -24% 69%
$900 2% 6% 9% 7%
91.6% 4.8% 2.8% -1.1%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
$677 6% 4% -2%
30.6 26% -24% 69%
91.6% 4.8% 2.8% -1.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
April 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
$1,002,500
$1,302,288
6%
7%
-4%
39%
.6%
-5%
48 -29% 4%
-28%
143
14% -17%
8%
1%
-8%
74%
-2%
$850
-6%
48 -29%
$649
-15%
143
14%
8%
38.5 101%
$850
-6%
1%
89.1%
-1%
-4%
$649
-15%
-8%
39%
38.5 101%
74%
Number
of 89.1%
Properties
.6%
-1% Sold -2%
3 Mo Avg
Number of Properties Sold
40
3 Mo Avg
35
19
22
0
5
5
10
10
15
20 20
25 25
30
30
35
15
Prices
14
The Median Sales Price in April was $1,050,000, up 20.0% from
Prices
$875,000 in April of 2016 and up 9.9% from $955,000 last
4,200
The
Median
Sales
Price Sales
in April
was in
$1,050,000,
up 20.0% from
month.
The
Average
Price
April was $1,267,769,
down
3,700
$875,000
in April
of 2016 in and
up of
9.9%
from
9.0% from
$1,393,632
April
2016
and $955,000
up 11.5% last
from
4,200
month.
The Aver age
Sales April
Price 2017
in April
was
$1,267,769,
down
$1,137,106
last month.
ASP
was
at the lowest
level
3,700 3,200
9.0%
from $1,393,632
April
of 2016
compared
to April of in
2016
and
2015. and up 11.5% from
$1,137,106 last month. April 2017 ASP was at the lowest level
3,200 2,700
15
16
16
22
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
14
15
16
17
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
0
compared to April of 2016 and 2015.
Trending versus*:
Prior YTD -5%
Prior Year 4%
9% YTD
$1,002,500
-19% $1,302,288
-28%
-17%
45
April Property sales were 13, down 31.6% from 19 in April of
2016 and 23.5% lower than the 17 sales last month. April 2017
Property
sales were Sales
at their lowest level compared to April of 2016 and 45
April
Property
sales sales
were of
13, 48
down
31.6% from
19 in behind
April of last
2015.
April YTD
are running
29.4%
40
2016
and
23.5% lower sales
than of
the
17 sales last month. April 2017
year's
year-to-date
68.
sales were at their lowest level compared to April of 2016 and
2015. April YTD sales of 48 are running 29.4% behind last
year's year-to-date sales of 68.
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
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
15 A M J J A S O N D J F M 16
M J 14
J A S O N D J F M
A M J J A S O N D J F M A 17
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 April
450
was Total
398, Inventory
down 3.6%
from 413 last
month
from
The
of Properties
available
for and
sale up
as 15.4%
of April
450 400
345 398,
in April
last from
year. 413
April
Inventory
was at from
its highest
was
down of 3.6%
last 2017
month
and up 15.4%
345
in compared
April of last with
year. April
April of 2017
was at its highest 400 350
level
2016 Inventory
and 2015.
350 300
level compared with April 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
sellers
a 150 100
MSI is better
for buyers.
April for
2017
MSI while
of 30.6
100 50
higher
MSI
is better
for buyers.
April 2017
MSI
of 30.6
months
was
at its highest
level The
compared
with
April
of 2016 and
50
months
0
2015. was at its highest level compared with April 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
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 J A S O N D J F M A
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.