FL ARCHIVED April 2017 | Page 88

Market Action Report
April 2017
KEY
BISCAYNE
City: Key Biscayne
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$2,675,000
-9%
Other 2%
Community Information | School District
City: Key Biscayne
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
$4,195,774
$1,950,000
Month
$1,830,857
$2,675,000
Total Properties
for Sale
(Inventory)
271
Average
List Price Currently
of all Current
Listings
$4,195,774
April Median
Number Sales
of Properties
Sold
April
Price
$1,950,000 7
April Average
Average Sales
Days Price
on Market (Solds)
162
April
$1,830,857
Asking
Price per Currently
Square Foot
(based
on New Listings)
$1,086
Total
Properties
for Sale
(Inventory)
271
April Number
Sold Price
per Square Sold
Foot
$823 7
April
of Properties
April Average
Month's Days
Supply
Inventory
38.7
April
on of
Market
(Solds)
162
April Sale
Price
List Price
90.4%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$1,086
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$823
April Month's Supply of Inventory
38.7
Property
Sales
April
Sale Price
vs List Price Ratio
90.4%
30
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
April Property
sales
were / 7,
down 22.2%
from
in April
2016
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Month Prior
Year 9
/ LY=Last
Year of
(2016)
/ YTD = Year-to-date
and 12.5% lower than the 8 sales last month. April 2017 sales
were at their lowest level compared to April of 2016 and 2015.
April YTD sales
of 24 are running 31.4% behind last year's year-
Property
Sales
to-date
sales of sales
35. were 7, down 22.2% from 9 in April of 2016
April
Property
and 12.5% lower than the 8 sales last month. April 2017 sales
were at their lowest level compared to April of 2016 and 2015.
April YTD sales of 24 are running 31.4% behind last year's year-
to-date sales of 35.
Trending versus*:
Prior YTD Prior Year
YTD
3% Trending versus*:
-7%
Trending versus*:
28%
17% PYM
5% -2%
$1,670,000
-33%
-16%
LM L3M
LY
YTD
Prior
YTD Prior
Year
7% -6% -19%
-34%
-24%
2%
-9% -29% $1,949,475
-3%
12%
3%
-7%
-13%
24 -31%
28% 17% -22%
5% -2% $1,670,000
-33%
-16%
11%
-4% -19%
43% -29%
9% $1,949,475
168 -34%
8%
13%
7% -6%
-24%
2% 4% 12%
4% 2%
$1,049
-6%
-1%
-3%
-1% 0% -22%
-3% -8%
$820
-9%
-13%
24 -16%
-31%
11% -28%
51.0
90%
61%
11%
-4% 43% 22%
9%
168
8%
13%
3.2%
87.6%
-1%
-3%
2% 3.2%
4% -.8%
4% .5%
2%
$1,049
-6%
-1%
-1% 0% -3% -8%
$820
-16%
-9%
Number
11% -28% 43%
22% of Properties
51.0 Sold
90%
61%
3.2% 3.2% -.8% .5%
87.6%
-1%
-3%
25
3 Mo Avg
Number of Properties Sold
3 Mo Avg
30
20
25
15
20
10
13
6
Median Sales Price and Average Sales Price
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
5
Prices
10 0
15 5
3 Mo Avg
0
The Median Sales Price in April was $1,950,000, up 5.4% from
5,900 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
$1,850,000 in April of 2016 and up 27.9% from $1,525,000 last
15
16
17
5,400 14
month. The Average Sales Price in April was $1,830,857, down
4,900
18.5%
from
$2,247,667
in
April
of
2016
and
up
7.1%
from
Median
Sales
Price
and
Average
Sales
Price
Prices
3 Mo Avg
$1,709,863
last month.
was at the
level
4,400
The
Median Sales
Price in April
April 2017
was ASP
$1,950,000,
up lowest
5.4% from
5,900
compared
to
April
of
2016
and
2015.
$1,850,000 in April of 2016 and up 27.9% from $1,525,000 last 3,900
5,400
month. The Average Sales Price in April was $1,830,857, down
3,400
4,900
18.5% from $2,247,667 in April of 2016 and up 7.1% from
2,900
$1,70 9,863 last month. April 2017 ASP was at the lowest level
4,400
2,400
compared to April of 2016 and 2015.
3,900
1,900
3,400
1,400
2,900 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
2,400 14
15
16
17
1,900
Inventory & MSI
The Total Inventory of Properties available for sale as of April
was 271, down 2.5% from 278 last month and up 11.5% from 243
in April of last year. April 2017 Inventory was at its highest level
A comparatively lower MSI is more beneficial for sellers while a
compared with April of 2016 and 2015.
higher MSI is better for buyers. The April 2017 MSI of 38.7
months was at its highest level compared with April of 2016 and
2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The April 2017 MSI of 38.7
months was at its highest level compared with April of 2016 and
2015.
1,400
300
250
200
300
150
250
100
200
50
150 0
100
50
Total Inventory & Month's Supply of 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
100.0
14
15
16
17
Inventory & MSI
The Total Inventory of Properties available for sale as of April
was 271, down 2.5% from 278 last month and up 11.5% from 243
in April of last year. April 2017 Inventory was at its highest level
compared with April of 2016 and 2015.
Total Inventory & Month's Supply of 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
14
15
16
17
80.0
60.0
100.0
40.0
80.0
20.0
60.0
0.0
40.0
20.0
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
14 Association of REALTORS, 15
17 Beaches, Space Coast Association of REAL
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
My Florida Regional MLS, Naples Area Board of 16
REALTORS, REALTORS Association of the Palm
M J and
J Up
A | S Property
O N Types:
D J SFH
F - M
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
Con A
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.
88 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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 Association of REA
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.