Neighborhood Economics for Key Biscayne Condos – Quarter 1 2015
The Key Biscayne Condo Market in a Nutshell
Get a quick overview of 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
The 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 3 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– Q1 2015
The Key Biscayne Condo Inventory has decreased in Q1 of 2015. Across all the price ranges, either more condos were sold or less condos were on the market for sale. Under the $2M mark, Key Biscayne condos are experiencing a sellers market, while Key Biscayne’s luxury condo market (and its largest) is experiencing a buyers market. The average sales prices per Sq.Ft stayed relatively stable with a slight increase in Key Biscayne condos of $1M – $2M and a slight decrease in prices of $2M+ condos
Stayed tuned during the next quarters to see whether the above finding are new trends!
For Sale vs Sold Condos in Key Biscayne
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
Key Biscayne Condo Market of $1M – $2M
click to enlarge
Key Biscayne Condo Market of $2M+
The Months of Inventory in Key Biscayne
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
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
Key Biscayne Condo Market of $1M – $2M
click to enlarge
Key Biscayne Condo Market of $2M+
The Sales Prices of condos in Key Biscayne
Largest image is provided for the price range of $500,000 – $1M. For the other price ranges please click on the thumbnail image
Key Biscayne Condo Market of $1M – $2M
click to enlarge
Key Biscayne Condo Market of $2M+
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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