Neighborhood Economics for Key Biscayne Homes – Quarter 1 2015
The Key Biscayne Real Estate Market in a Nutshell
Get a quick overview of 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 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 Homes in the price ranges of:
- $1M – $2M
- $2M – $5M
- $5M +
Summary of the Key Biscayne Real Estate Market– Q1 2015
This first quarter of 2015 showed us a stable Key Biscayne Real Estate Market. The amount of listings vs properties sold remained well balanced with an increase in sales for the $5M+ market.
The most affordable homes in Key Biscayne ($1M- $2M) are experiencing a clear sellers market for 6 months already while the most exclusive homes ($5M+) were showing great signs for sellers in March 2015, as inventory dropped from 33 months to 6 months.
The average sales prices in 2015, didn’t show great changes compared to the average sales prices in the last quarter of 2014
Stayed tuned during the next quarters to see whether the above finding are new trends!
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
Key Biscayne Real Estate Market of $2M- $5M
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Key Biscayne Real Estate Market of $5M+
The Months of Inventory of Key Biscayne Homes
Largest image is provided for the price range of $1M – $2M. 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 Real Estate Market of $2M- $5M
click to enlarge
Key Biscayne Real Estate Market of $5M+
The Sales Prices for Key Biscayne Homes
Largest image is provided for the price range of $1M – $2M. For the other price ranges please click on the thumbnail image
Key Biscayne Real Estate Market of $2M- $5M
click to enlarge
Key Biscayne Real Estate Market of $5M+
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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