FL ARCHIVED March 2017 | Page 113

Market Action Report
City: Key Biscayne
March 2017
Key Biscayne
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
250
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 156, up 27.9% from 122 150
days last month and up 47.2% from 106 days in March of last
year. The March 2017 DOM was at a mid level compared with
100
March of 2016 and 2015.
183
156
106
50
0
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Selling Price per Square Foot
Selling Price per Square Foot
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 2017 Selling Price per Square Foot of $640 was down
800
14.1% from $746 last month and down 20.5% from 805 in March
750
of last year.
700
650
600
550
500
3 Mo Avg
805
746
640
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15
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Selling Price versus Listing Price Ratio
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 2017 Selling Price vs Original
List Price of 87.4% was down from 91.8% last month and down
from 89.2% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
102%
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
90.5%
89.2%
87.4%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
200
250
300
350
400
450
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 2017 was 73, up 37.7% from 53 last month and up 7.4%
from 68 in March of last year.
150
100
50
0
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
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15
16
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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 Area 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.
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