FL ARCHIVED December 2017 | Page 82

Market Action Report December 2017

KEY City : Key Biscayne BISCAYNE

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 2,600,000
0 %
-2%
Average List Price of all Current Listings
$ 3,716,490
3 %
-7%
December Median Sales Price
$ 1,348,000
-28% -20% -41% -30%
$ 1,785,000
-15%
-8%
December Average Sales Price
$ 1,506,500
-51% -28% -43% -41%
$ 2,360,817
-9%
-7%
Total Properties Currently for Sale ( Inventory )
267
2 %
10 %
December Number of Properties Sold
4 -20%
-43%
81
-16%
December Average Days on Market ( Solds )
188 -18% -11% 15 %
28 %
203
41 %
38 %
Asking Price per Square Foot ( based on New Listings )
$ 975
0 %
5 %
9 %
1 %
$ 943
-2%
-2%
December Sold Price per Square Foot
$ 636
-39% -17% -28% -27%
$ 799
-9%
-8%
December Month ' s Supply of Inventory
66.8
28 %
23 %
92 % 110 %
45.1
42 %
42 %
December Sale Price vs List Price Ratio
83.1 % -6.3% -. 6 % -6.7% -7.4%
86.2 %
-4%
-4%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
30
December Property sales were 4 , down 42.9 % from 7 in
December of 2016 and 20.0 % lower than the 5 sales last month .
December 2017 sales were at their lowest level compared to
Property
December of Sales 2016 and 2015 . December YTD sales of 81 are
December running 16.5 Property % behind sales last were year 4 ', s down year-to-date 42.9 % from sales 7 of in 97 .
25
30
20
December of 2016 and 20.0 % lower than the 5 sales last month .
December 2017 sales were at their lowest level compared to
25
15
December of 2016 and 2015 . December YTD sales of 81 are running 16.5 % behind last year ' s year-to-date sales of 97 .
20
10
Prices The Median Sales Price in December was $ 1,348,000 , down 41.5 % from $ 2,303,750 in December of 2016 and down 27.9 % from $ 1,870,000 last month . The Average Sales Price in
Prices December was $ 1,506,500 , down 42.9 % from $ 2,639,121 in The December Median of Sales 2016 Price and in down December 50.6 % from was $ 1,348,000 3,049,000 , down last 41.5 month % from . December $ 2,303,750 2017 in ASP December was at the of 2016 lowest and level down compared 27.9 % to from December $ 1,870,000 of 2016 last and month 2015 . The Average Sales Price in December was $ 1,506,500 , down 42.9 % from $ 2,639,121 in December of 2016 and down 50.6 % from $ 3,049,000 last month . December 2017 ASP was at the lowest level compared to December of 2016 and 2015 .
15 5
Number of Properties Sold
10
0
5
J
F M A M J
15
J
A
S O N D
J
F M A M J
16
J
A
S O N D
J
F M A M J
17
J
A
S O N D
0
Median Sales Price and Average Sales Price
3 Mo Avg
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
5,30015
16
17
4,800
4,300
Median Sales Price and Average Sales Price
3 Mo Avg
5,300 3,800
4,800 3,300
4,300 2,800
3,800 2,300
3,300 1,800
2,800 1,300 2,300 1,800
9 14 24
Agent Name
Title Phone Website Other
15 15 17
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 267 , up 2.3 % from 261 last month and up 9.9 %
1,300
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
15
16
17
A S O N D
100.0
from 243 in December of last year . December 2017 Inventory
Inventory was at its highest & MSI level compared with December of 2016 and
The
2015 Total . Inventory of Properties available for sale as of
December was 267 , up 2.3 % from 261 last month and up 9.9 %
250
200
300
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
60.0
100.0
from 243 in December of last year . December 2017 Inventory
250 was
A comparatively at its highest level lower compared MSI is more with beneficial December for of sellers 2016 while and a
100
2015 higher . MSI is better for buyers . The December 2017 MSI of
200
50
66.8 months was at its highest level compared with December of
150
2016 and 2015 .
0
A comparatively lower MSI is more beneficial for sellers while a
100
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
40.0
80.0
20.0
60.0
0.0
40.0
higher MSI is better for buyers . The December 2017 MSI of
66.8 months was at its highest level compared with December of 2016 and 2015 .
50
0
15
16
17
20.0
0.0
J
F M A M J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
J A S O N D J
F M A M J
17
J A S O N D
11 9
9 14 24 15 15 17 11 9
14
Number of Properties Sold
14 12 14 17 6 10 10 9 10
181 188 191 195 187 188 192 192 193 189 198 194 214 226 236 248 243 233 226 234 234 238 247 243 260 272 283 276 274 273 263 260 255 262 261 267
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 REALT 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 .
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12 14 17 6 10 10 9 10 7 4 8
7 4 8
13
13 7 6 7 6 3 8 7
7 6 7 6 3 8 7 11 10 9 7 5
3 Mo Avg
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
181 188 191 195 187 188 192 192 193 189 198 194 214 226 236 248 243 233 226 234 234 238 247 243 260 272 283 276 274 273 263 260
6
255 262 261 267
3 Mo Avg
5 4
11 10 9 7 5 6 5 4