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 January was 159 , down 4.2 % from 166 days last month and up 30.3 % from 122 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 . |
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126 122 |
159 |
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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 January 2017 Selling Price per Square Foot of $ 586 was down 19.0 % from $ 723 last month and down 16.8 % from 704 in January 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 January 2017 Selling Price vs Original List Price of 85.4 % was down from 90.9 % last month and down from 89.8 % in January of last year .
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Selling Price per Square Foot |
3 Mo Avg |
1,000 950 900 850 800 750 700 650 600 550 500
105 % 100 % 95 % 90 % 85 % 80 %
709 704
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.7 % 89.8 %
3 Mo Avg
586
85.4 %
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 January 2017 was 65 , up 51.2 % from 43 last month and down 17.7 % from 79 in January of last year .
75 % 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 14
15 16
17
Inventory / New Listings / Sales
400 350 300 250 200 150 100 50 0 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 14
15 16
17
228
235 254 243 234 249 244 253 262 278 263 254 259 258 259 252 247 245 253 253 251 253 256 295 309 338 345 349 345 337 357 351 354 360 357 373 c o l d w e l l b a n k e r h o m e s . c o m | 113