Market Action Report
City: Key Biscayne
December 2017
Key Biscayne
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
300
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
250
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
200
Seller's market. The DOM for December was 204, up 3.0% from
198 days last month and up 14.0% from 179 days in December
150
of last year. The December 2017 DOM was at a mid level
compared with December of 2016 and 2015.
100
204
179
161
50
0
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
15
16
17
Selling Price per Square Foot
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 December 2017 Selling Price per Square Foot of $563 was
down 24.8% from $748 last month and down 16.2% from 672 in
December of last year.
3 Mo Avg
986
1,000
950
900
850
800
750
700
650
600
550
500
672
563
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
15
16
17
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 98%
96%
a Buyer's market exists, a ratio at or above 100% indicates more
94%
of a Seller's market. The December 2017 Selling Price vs
92%
Original List Price of 85.2% was down from 91.0% last month
90%
and down from 90.4% in December of last year.
88%
86%
84%
82%
80%
78%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.4%
89.5%
85.2%
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
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
200
250
300
350
400
450
This last view of the market combines monthly inventory of
Properties for sale along w