FL ARCHIVED February 2017 | Page 112

Market Action Report February 2017
Community Information | School District
Market Action Report February 2017

City : Key Biscayne

Price Range : All | 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
$ 1,799,950
-3%
-19%
Average List Price of all Current Listings
$ 2,988,108
-0%
-14%
February Median Sales Price
$ 1,090,000
20 %
29 % -54%
20 %
$ 910,000
-31%
0 %
February Average Sales Price
$ 2,064,167
77 %
50 % -25%
32 %
$ 1,485,176
-28%
-5%
Total Properties Currently for Sale ( Inventory )
394
3 %
28 %
February Number of Properties Sold
6 -45%
-57%
17
-43%
February Average Days on Market ( Solds )
122
-8% -16% -33%
-6%
128
-15%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 827
4 %
-2%
-6%
-2%
$ 808
-15%
-5%
February Sold Price per Square Foot
$ 746
27 %
16 % -16%
6 %
$ 646
-18%
-9%
February Month ' s Supply of Inventory
65.7
89 %
54 % 198 % 197 %
50.2
148 %
127 %
February Sale Price vs List Price Ratio
91.8 %
5.2 % 2.2 % 4.1 %
. 8 %
88.9 %
-0%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Key Biscayne Title

Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
45
February Property sales were 6 , down 57.1 % from 14 in
February of 2016 and 45.5 % lower than the 11 sales last month .
40
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at their lowest level compared to
45
35
February Property of 2016 sales and 2015 were . 6 , February down 57.1 YTD % from sales 14 of in 17 are
February running of 43.3 2016 % behind and 45.5 last % lower year ' s than year-to-date the 11 sales sales last of month 30 . . February 2017 sales were at their lowest level compared to
February of 2016 and 2015 . February YTD sales of 17 are running 43.3 % behind last year ' s year-to-date sales of 30 .
40
35
30
30
25
20
25
15
20
10
15
5
10
0
5
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 1,090,000 , down
M
A M J
14
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
3 Mo Avg
Prices
53.7 % from $ 2,352,500 in February of 2016 and up 19.8 % from
4,200
The
$ 910,000 Median last Sales month Price . in The February Average was Sales $ 1,090,000 Price in , down February was
53.7 % from $ 2,352,500 in February of 2016 and up 19.8 % from
3,700
$ 2,064,167 , down 24.8 % from $ 2,743,857 in February of
20164,200
$ and 910,000 up 76.5 last % month from . $ The 1,169,364 Average last Sales month Price . February in 2017 was ASP
3,700
3,200
$ was 2,064,167 at a mid , down range 24.8 compared % from $ 2,743,857 to February in February of 2016 and of 2016 2015 . and up 76.5 % from $ 1,169,364 last month . February 2017 ASP
3,2002,700
Median Sales Price and Average Sales Price
3 Mo Avg
was at a mid range compared to February of 2016 and 2015 .
2,7002,200
2,2001,700
1,7001,200
1,200
700
700
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 M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 394 , of up Properties 3.1 % from available 382 last for month sale as and of up 27.5 %
February from 309 was in 394 February , up 3.1 of % last from year 382 . last February month 2017 and up Inventory 27.5 % was
450 from at its 309 highest in February level compared of last year with . February 2017 of Inventory 2016 and was 2015 .
400 at its highest level compared with February of 2016 and 2015 .
350
300
450
400
350
300
250
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
60.0
50.0
70.0
60.0
50.0
40.0
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The February 2017 MSI of 65.7 higher MSI is better for buyers . The February 2017 MSI of 65.7
100 months was at its highest level compared with February of 2016 months was at its highest level compared with February of 2016
50 and 2015 . and 2015 .
0
200
40.0
150
30.0
100
20.0
50
10.0
0
0.0
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 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
14
15
16
17
14
15
16
17
30.0
20.0
10.0
0.0
235
26 31
254
243 235
234 254 31 24 26 20 30 25 11
249 243
244 234
253 249
262 244
278 253 263 262
254
278 21 17 25 39 33 23 29 22 19 20 19
259 263
258 254
259 259
252 258
247
259 245 253
252
253 247
251 245
253 253
256 253
251 295
253 309 25 22 16 14 19 19 20 21 12 17 15
338
295 345
351 309
347 338 339
345 360 351
354 347
357 339 364
360
361 354 382 357 394 364
256
11 361
17
26 31 31 24 26 20 30 25 11 21 17 25 39 33 23 29 22 19 20 19 25 22 16 14 19 19 20 21 12 17 15 11 17 13 11 6
382 13
394 11 6
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
112 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .