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

The Key Biscayne Real Estate Market in a Nutshell

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

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

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

The Quarterly Analysis of Key Biscayne Condos

The neighborhood economics blogs are excellent to gather a pulse on the Key Biscayne Real Estate 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 Homes in the price ranges of:

  • $1M – $2M
  • $2M – $5M
  • $5M +

 

Summary of the Key Biscayne Real Estate 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. 

WF indicates WaterFront properties. For example; 5 (WF) means all properties are waterfront, and 2 (1WF) means 1 of the two properties are waterfront

Overview of Key Biscayne real estate data for the first half year of 2015. The data are provided for three price ranges. WF indicates WaterFront properties. For example; 5 (WF) means all properties are waterfront, and 2 (1WF) means 1 of the two properties are waterfront

For Sale vs Sold Properties in Key Biscayne

 

Largest image is provided for the price range of $1M – $2M. For the other price ranges please click on the thumbnail image

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

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

The Months of Inventory of Key Biscayne Homes

 

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 homes.

The months of inventory for Key Biscayne homes.

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 for Key Biscayne Homes

 

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

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

 

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

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FAQ

These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!

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