FL ARCHIVED January 2017 | Page 112

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 1,880,000
2 %
-18%
Average List Price of all Current Listings
$ 3,040,685
1 %
-14%
January Median Sales Price
$ 910,000
-33%
5 %
14 %
-3%
$ 910,000
14 %
-3%
January Average Sales Price
$ 1,227,556
-28% -14% -17% -22%
$ 1,227,556
-17%
-22%
Total Properties Currently for Sale ( Inventory )
373
4 %
26 %
January Number of Properties Sold
9 -25%
-44%
9
-44%
January Average Days on Market ( Solds )
159
-4%
10 %
30 %
21 %
159
30 %
21 %
Asking Price per Square Foot ( based on New Listings )
$ 797
-5%
-7% -19%
-6%
$ 797
-19%
-6%
January Sold Price per Square Foot
$ 586
-19% -18% -17% -17%
$ 586
-17%
-17%
January Month ' s Supply of Inventory
41.4
39 %
35 % 125 % 87 %
41.4
125 %
87 %
January Sale Price vs List Price Ratio
85.4 % -6.1% -4.5% -4.9% -6.2%
85.4 %
-5%
-6%
* 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

Property Sales
45
January Property sales were 9 , down 43.8 % from 16 in January of 2016 and 25.0 % lower than the 12 sales last month . January
40
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to January of
45
35
January
2016 and Property 2015 . sales January were YTD 9 , down sales 43.8 of 9 % are from running 16 January 43.8 % of behind 2016 and last 25.0 year %' s lower year-to-date than the sales 12 sales of 16 last . month . January
40
30
2017 sales were at their lowest level compared to January of
35
25
2016 and 2015 . January YTD sales of 9 are running 43.8 % behind last year ' s year-to-date sales of 16 .
30
20
25
15
20
10
15
5
10
0
5
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 910,000 , up 14.5 %
F
M A M J
14
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
15
16
17
3 Mo Avg
Prices from $ 795,000 in January of 2016 and down 33.0 % from
4,200
The
$ 1,357,550 Median Sales last month Price in . January The Average was $ Sales 910,000 Price , up in 14.5 January % was from $ 795,000 in January of 2016 and down 33.0 % from
3,700
$ 1,227,556 , down 16.9 % from $ 1,477,875 in January of 2016 and
4,200
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 1,357,550 27.6 last % from month $ 1,696,238 . The Average last Sales month Price . January in January 2017 was ASP
3,700
3,200
$ was 1,227,556 at the , down lowest 16.9 level % from compared $ 1,477,875 to January in January of 2016 of 2016 and and 2015 . down 27.6 % from $ 1,696,238 last month . January 2017 ASP
3,2002,700
was at the lowest level compared to January of 2016 and 2015 .
2,7002,200
2,2001,700 1,7001,200
1,200
700
700
F
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
M
14 A 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
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
January Total Inventory was 373 , up of Properties 4.5 % from available 357 last for month sale and as of up 26.4 %
January from 295 was in 373 January , up 4.5 of % last from year 357 . last January month 2017 and Inventory up 26.4 % was
400 at from its highest 295 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 was . at
350
400
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
45.0
40.0
45.0
40.0
35.0
its highest level compared with January of 2016 and 2015 .
300
250
200
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2017 sellers MSI while of a 41.4 higher MSI is better for buyers . The January 2017 MSI of 41.4
100 months was at its highest level compared with January of 2016 months was at its highest level compared with January of 2016
50 and 2015 . and 2015 .
0
250
200
150
100
50
0
F
M A M J
M A J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
J A S O N D J
17
30.0
25.0
20.0
15.0
10.0
5.0
0.0
228 235
254 228
243 235
234 254
249 243
244 234
253 249
262 244 278
253 263
262 254
278 259
263
258 254
259 259
252
258 247 245
259
253 252
253 247
251 245
253 253
256 253
251 295
253 309
256 338
295 345
349 309 345 338
337 345
357 349
351 345
354 337 360
357
357 351
373
354
F
14
21 26 31 31 24 26 20 30 25 11
J A S O N D J
15
21 17
Number of Properties Sold
25 39 33 23 29 22 19 20
J A S O N D J
16
19 25 22 16 14 19 19 20 21 12 17
J A S O N D J 17
15 360
11
21 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 12 9
357
3 Mo Avg
17
373 12 9
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 .