FL ARCHIVED March 2018 | Page 108

Key Biscayne
Agent Name
City: Key Biscayne Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$1,597,000
6%
-10%
Other
$2,686,213 Trending
2% versus*:
-5%
Month
LM -13%
L3M 13%
PYM 21%
LY
$1,092,500
$1,597,000
6% -20% -10%
$1,377,488
4% 26%
$2,686,213 416
2% -1% -5% -2%
$1,092,500 -13%
13% 21% 33%
16%
24 100%
$1,377,488 146
-20% -17%
4% -19%
26% -11%
-5%
416 -1%
-2%
$779 -11% -4% -3%
24 100%
33%
$644 -11% -1% -1%
146 -17% -19% -11% -18%
17.3 -50% -40% -27%
$779 -11% -4% -3% 2%
90.1% 5.3% 2.6% 2.7%
$644 -11% -1% -1% 1%
$677
6%
6%
17.3 -50% -40% -27% -45%
28.8 -30%
-9%
Number of 88.4%
Properties
90.1% 5.3% 2.6% 2.7% 2.6%
0% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
35
March Property sales were 24, up 33.3% from 18 in March of
2017 and 100.0% higher than the 12 sales last month. March
30
Property
2018 sales Sales
were at their highest level compared to March of 35
March
Property
were YTD
24, up
33.3%
from
in March
of ahead 25
2017 and
2016. sales
March
sales
of 49
are 18
running
32.4%
2017
and year's
100.0%
higher than sales
the 12
30
of last
year-to-date
of sales
37. last month. March
20
2018 sales were at their highest level compared to March of
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
15
16
17
18
3 Mo Avg
13
21
14
17
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
15
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
300
300
200
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
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
.
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Inventory / New Listings / Sales
500
450
400
350
300
250
200
150
100
50
0
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 61, up 24.5% from 49 last month and down
17.6% from 74 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
A comparatively lower MSI is more beneficial for sellers while 200
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2018
MSI
of 17.3
100
higher
MSI
is better
for buyers.
March 2018
MSI of of
17.3
100
months
was
at its lowest
level The
compared
with March
2017 and
months
was
at
its
lowest
level
compared
with
March
of
2017
and
0
2016.
0
2016.
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 M J J A S O N D J F M
15
16
17
18
15
16
17
18
108 | c
87.7%
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
18
A M 15
J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F M
15
16
17
18
400
90.1%
89.2%
Inventory / New Listings / Sales
1,100 600
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
500
was Total
416, Inventory
down 1.0%
420 last
month
from
The
of from
Properties
available
for and
sale down
as of 2.3%
March
426 416,
in March
of last
year.
2018 and
Inventory
was from
at a mid 500
was
down 1.0%
from
420 March
last month
down 2.3%
400
426
in compared
March of last
year.
March
2018 and
Inventory
level
with
March
of 2017
2016. was at a mid
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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
15
16
17
18
1,600 1,100
level compared with March of 2017 and 2016.
644
Selling Price versus Listing Price Ratio
2,100 1,600
Inventory & MSI
652
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 90.1% was up from 85.6% last month and up from
87.7% in March of last year.
2,600 2,100
600
782
0
The Median Sales Price in March was $1,092,500, up 21.4%
Prices
from $900,000 in March of 2017 and down 13.1% from
4,100
The
Median Sales
Price in March
was $1,092,500,
up in 21.4%
$1,257,500
last month.
The Average
Sales Price
March was
3,600
from
$900,000
March from
of 2017
and down in 13.1%
from
$1,377,488,
up in 25.7%
$1,095,600
March
of 2017 and 4,100
$1,257,500
last from
month.
The Average
Sales Price
in March
down 19.9%
$1,719,500
last month.
March
2018 was
ASP was
3,600 3,100
$1,377,488,
up 25.7%
from $1,095,600
March
2017 and
at a mid range
compared
to March of in 2017
and of 2016.
down 19.9% from $1,719,500 last month. March 2018 ASP was
3,100 2,600
at a mid range compared to March of 2017 and 2016.
3 Mo Avg
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
15
16
17
18
A M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
15
16
17
18
Prices
The Selling Price per Square Foot is a great indicator for the
1,000
direction of Property values. Since Median Sales Price and
950
Average Sales price can be impacted by the 'mix' of high or low
900
end Properties in the market, the selling price per square foot is a
850
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $644 was down
800
10.8% from $722 last month and down 1.2% from 652 in March
750
of last year.
700
650
600
550
500
5
5
Selling Price per Square Foot
Selling Price per Square Foot
10
10
0
0
15
15
100
50
3 Mo Avg
Number of Properties Sold
2017 and 2016. March YTD sales of 49 are running 32.4% ahead 25
of last year's year-to-date sales of 37.
20
-5%
5%
6%
-9%
1%
146
106
March Sold Price per Square Foot
2%
$806
49
32%
1%
$677
170
16%
-45%
28.8
$806
4%
2.6%
88.4%
32% 13%
16% 0%
4%
6%
-5%
-30%
5%
0%
164
150
March Sale Price vs List Price Ratio
12%
49
9%
170
200
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
$1,067,000
$1,455,004
-18%
250
March Sold Price per Square Foot
March Average Days on Market (Solds)
Trending versus*:
Prior YTD 12%
Prior Year 13%
16% YTD
$1,067,000
-5% $1,455,004
9%
0%
3 Mo Avg
300
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 146, down 16.6% from
175 days last month and down 11.0% from 164 days in March of
last year. The March 2018 DOM was at a mid level compared
with March of 2017 and 2016.
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Days On Market for Sold Properties
Market Time
March Average Sales Price
Trending versus*:
Prior YTD Prior Year
March
Sales
Price
March Median
Number
of Properties
Sold
Community Information | School District
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Title
Phone
Website
Other
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Agent Name
Price Range: All | Properties: SFH - Con
YTD
March 2018
Key Biscayne
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
City: Key Biscayne
March 2018
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
Market Action Report
City: Key Biscayne
March 2018
Market Action Report
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 Ar ea Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS
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.
.
| 109
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
c Coast
l Association
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
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 REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant 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.