Key Biscayne Community Information | School District
Key Biscayne Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
Market Time 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 February was 122 , down 7.6 % from 132 days last month and down 32.6 % from 181 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
250
200
150
100
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140 |
181 |
122 |
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50 |
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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 February 2017 Selling Price per Square Foot of $ 746 was up 27.2 % from $ 586 last month and down 16.2 % from 890 in February of last year .
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 February 2017 Selling Price vs Original List Price of 91.8 % was up from 87.3 % last month and up from 88.2 % in February of last year .
Inventory / New Listings / Sales 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 February 2017 was 51 , down 22.7 % from 66 last month and down 8.9 % from 56 in February of last year .
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14 |
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Selling Price per Square Foot |
3 Mo Avg |
1,000 950 900 850 800 750 700 650 600 550 500
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
450 400 350 300 250 200 150 100 50 0
793
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14 |
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Selling Price versus Listing Price Ratio
92.3 %
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A M J
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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14 |
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17 |
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Inventory / New Listings / Sales |
235 254 243 234 249 244 253
Avg Selling Price divided by Avg Listing Price for sold properties during the month
262 278 263 254 259 258 259 252 247 245 253 253 251 253 256
890
88.2 %
295 309
3 Mo Avg
746
91.8 %
338 345 351 347 339 360 354 357 364 361 382 394
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A M J
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S O N D |
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14 |
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15 |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 113