Neighborhood Economics for Key Biscayne Condos – Quarter 1 and 2 of 2015

The Key Biscayne Condo Market in a Nutshell

Get a quick overview of the Key Biscayne Condo Market in the first half year of 2015

The Key Biscayne Condo Market in a Nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Key Biscayne Condo Market

The Key Biscayne condo market in a nutshell – Read our quarterly report here with all the key market data to be quickly updated on the Key Biscayne condo market

Quarterly Analysis of Key Biscayne Homes

The neighborhood economics blogs are excellent to gather a pulse on the Key Biscayne condo market as we provide the market’s key indicators. This blog focuses on the last 6 months of Key Biscayne real estate data and is updated every quarter.  All data are derived from the MLS South Florida

Data are given for Key Biscayne condos in the price ranges of:

  • $500,000 – $1M
  • $1M – $2M
  • $2M +

Summary of the Key Biscayne Condo Market– Q2 2015

Overview of Key Biscayne real estate data for the first half year of 2015. The data are provided for three price ranges. 

Overview of Key Biscayne condo data for the first half year of 2015. The data are provided for three price ranges.

Overview of Key Biscayne condo data for the first half year of 2015. The data are provided for three price ranges.

 

For Sale vs Sold Condos in Key Biscayne

The below table shows the amount of condos that sold vs the amount of condos that were listed in Key Biscayne.

How many condos were listed and how many condos sold in Key Biscayne in 2015 (first half year)?

How many condos were listed and how many condos sold in Key Biscayne in 2015 (first half year)?

 

The Months of Inventory in Key Biscayne

The ‘months of inventory’ is an important indicator in real estate. It indicates how many months it takes to sell all the current listings under the assumption that no new listings will enter the market.

The months of inventory for Key Biscayne condos

The months of inventory for Key Biscayne condos

Rules of Thumb

Buyer’s market: more than 9 months of inventory based on closed sales
 Seller’s market: less than 6 months of inventory based on closed sales
 Neutral market: 6 – 9 months of inventory based on closed sales

 

The Sales Prices of condos in Key Biscayne

Key Biscayne condo prices (per Sq.Ft) in the first 6 months of 2015.

Key Biscayne condo prices (per Sq.Ft) in the first 6 months of 2015.

 

Key Biscayne Condo Deep-dive – Here is what happened in the Towers of Key Biscayne

What happened with the values of condos at the Towers of Key Biscayne in the last 4 years?

The investment value of the Towers of Key Biscayne over the last 4 years.

The investment value of the Towers of Key Biscayne over the last 4 years.

What happened with the values of condos at the Towers of Key Biscayne in 2015 and how does it compare to the market high of 2007?

TOKB Example Hybrid

Read our Quarterly Neighborhood analytics for:

♦ Aventura
♦ Bal Harbour
♦ Brickell
♦ Coconut Grove
♦ Coral Gables
♦ Downtown / Midtown Miami
♦ Fisher Island
♦ Key Biscayne Condos / Key Biscayne Homes
♦ Miami Beach Condos / Miami Beach Homes 
♦ Pinecrest
♦ South Beach Condos / South Beach Homes 
♦ South Miami
 Sunny Isles

DAvid Siddons Footer

Meet the team and see our unique insights into the Miami Real Estate Market

No generalized opinions but an analytic approach

Preferred agents of First time buyersSellersInvestors and Wealth Managers

Key Biscayne Condos for Sale
Key Biscayne Homes for Sale
New Key Biscayne Homes for Sale
Key Biscayne Waterfront homes for sale

WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...

For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

    Reviews
David Siddons
blog
Akbota YerseitAkbota Yerseit
13:29 03 Jun 22
Excellent leaders!
Cathryne HaladnerCathryne Haladner
12:12 18 Sep 21
We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
Jose Eduardo FilhoJose Eduardo Filho
17:17 13 Jul 21
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Idan Singh (Idan)Idan Singh (Idan)
19:53 07 Jun 21
Great Service for British Expats looking to move to the States.
Simone GarrettSimone Garrett
17:20 26 Feb 21
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
js_loader