website jan-apr 2012 florida keys real estate market
DESCRIPTION
Florida Keys real estate market statistics from January to April 2012 brought to you by Jamie Engel and Coldwell Banker Schmitt Real Estate Co in the Florida Keys.TRANSCRIPT
Florida Keys
Real Estate Market Stats
January to April 2012
Brought to you by
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Florida Keys Real Estate Market Jan-Apr 2012 Vs. 2011
Brought to you by Upper Keys Middle Keys Lower Keys Key West All Areas
Jamie Engel (305) 394-2500 Lower Matecumbe-KL 7 Mile Bridge-Long Key Bay Point-Big Pine KW-Shark Key Keys-wide
Total Number of Sales As of 4/30/12
No Change242
+23% More155
+2% More135
-15% Less216
-1% Less748
Avg. Sale Price As of 4/30/12
No Change$399K
+7% More$415K
-19% Less$292K
-10% Less$431K
-5% Less$392K
$ Value of Sales As of 4/30/12
No Change$96M
+31% More$64M
-18% Less$39M
-23% Less$93M
-7% Less$293M
Sale Price to Original List Price Apr ‘12
+2% More74.91%
+8% More79.19%
+2% More82.93%
+14% More86.94%
+6% More80.99%
Sale Price to Final List Price Apr ‘12
+1% More89.61%
No Change90.50%
+3%91.51%
-2% Less91.89%
No Change90.88
Avg. Days to SellAs of 4/30/12
+8% More293
-21% Less238
9% More255
-22% Less257
-8% Less261
Pending TransactionsAs of 4/30/12
+18% More329
+41% More232
+15% More165
-3% Less259
+15% More985
Number of Properties “For Sale” on 4/30/12
-15% Less1,028
-12% Less624
-12% Less 593
-9% Less869
-12% Less3,114
Average “List Price”As of 4/30/12
+2% More$796K
+7% More$701K
-1% Less$543K
-11% Less$715K
-2% Less$706K
Months of InventoryAs of 4/30/12
-15% Less17
-29% Less16
-13% Less18
-6% Less16
-12% Less17
Number Properties Available Vs Sold – Keys-Wide Source: Florida Keys MLS
0
100
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0500
1000150020002500300035004000450050005500
Nu
mb
er L
iste
d P
rop
erti
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Properties Available Properties Sold
4,925
164
Month of Apr
The Florida KeysReal Estate Market1999 – April 2012
Florida Keys Real Estate Market Listed Properties
Brought to you by Listings Taken Average List Price
Jamie Engel
(305) 394-2500 # Listings% Change Vs Previous Year
Average List Price
% Change Vs Previous Year
2012 YTD 3,114 -7% $706,598 -3%
2011 3,359 -10% $729,285 -2%
2010 3,752 +3% $740,504 -15%
2009 3,636 -18% $859,452 -4%
2008 4,424 -.1% $899,084 -9.2%
2007 4,430 -4% $990,131 .7%
2006 4,628 33% $983,032 .7%
2005 3,469 91% $976,150 23%
2004 1,818 .4% $792,371 33%
2003 1,810 -.7% $594,647 26%
2002 1,822 -11% $471,377 25%
2001 2,058 -24% $375,802 12%
2000 2,712 -14% $336,324 11%
Florida Keys Real Estate Market Sold Properties
Brought to you by Closed Sales Average Sales Price
Jamie Engel
(305) 394-2500 Sales% Change Vs Previous Year
Average Sales Price
% Change Vs Previous Year
2012 YTD 748 37% of 2011 $392,850 -3%
2011 2,050 +14% $404,822 -3%
2010 1,804 +16% $419,139 -8%
2009 1,560 +34% $453,203 -23%
2008 1,166 -11% $588,194 -21%
2007 1,311 -13% $731,000 -10%
2006 1,500 -45% $805,883 3%
2005 2,752 -22% $782,400 39%
2004 3,510 4% $563,362 30%
2003 3,377 7% $433,022 31%
2002 3,162 10% $328,801 14%
2001 2,874 19% $288,166 5%
2000 2,413 5% $274,995 12%
Florida Keys Real Estate Market Comparison of List Price to Sales Price
Sales Price % Vs. The Original Listed Price for
Properties That Sold After 1 or More Price
Reductions
Sales Price % Vs. The Listed Price At the Time The Property Obtained a
Contract & SOLD
% Difference Between the Original Listed Price and
the Listed Price When Obtaining a Contract &
SOLD
2012 80.99% 90.88% +10%
2011 76.48% 90.97% +14%
2010 75.85% 90.77% +15%
2009 62.49% 87.10% +25%
2008 75.41% 87.42% +16%
2007 77.46% 87.74% +13%
2006 82.52% 91.92% +11%
2005 87.50% 94.68% +8%
2004 87.09% 94.85% +9%
2003 76.23% 94.27% +24%
2002 77.08% 94.56% +23%
2001 87.37% 94.27% +8%
2000 86.77% 94.19% +8%
Keys Real Estate Market “Listings” Upper Keys Middle Keys Lower Keys Key West Keys Wide
# List. Active
% Pri.
Year
# List. Active
% Pri.
Year
# List. Active
% Pri.
Year
# List. Active
% Pri.
Year
# List. Active
% Pri.
Year
2012 1,028 -7 % 624 -11% 593 -6% 869 -6% 3,114 -7%
2011 1,110 -13% 701 -11% 628 -6% 920 -10% 3,359 -10%
2010 1,273 N/C 788 +6% 669 +28% 1,022 -7% 3,752 +3%
2009 1,273 -12% 740 -8% 520 -27% 1,103 -25% 3,636 -18%
2008 1,448 -7% 808 -7% 708 -.8% 1,460 +13% 4,424 -.1%
2007 1,560 -2% 870 +4% 714 -21% 1,286 -.7% 4,430 -4%
2006 1,587 +35% 839 +33% 907 +42% 1,295 +16% 4,628 +33%
2005 1,080 +99% 623 +99% 650 +99% 1,116 +99% 3,469 +91%
2004 544 -17% 313 +6% 348 +18% 613 +33% 1818 +.4%
2003 671 317 305 517 1704
Keys Real Estate Market “Sold Properties” Upper Keys Middle Keys Lower Keys Key West Keys Wide
# Sales
% Pri.
Year
# Sales
% Pri.
Year
# Sales
% Pri.
Year
# Sales
% Pri.
Year
# Sales
% Pri.
Year
2012 YTD
242 37% 155 44% 135 32% 216 34% 748 37%
2011 652 +27% 347 +4% 420 +9% 631 +10% 2,050 +14%
2010 514 +17% 333 +42% 386 +5% 572 +9% 1,782 +14%
2009 439 +21% 249 +44% 361 +65% 533 +25% 1,566 +34%
2008 359 -11% 160 -19% 219 -8% 428 -9% 1,166 -11%
2007 405 -27% 199 -23% 237 -11% 470 +1% 1,311 -17%
2006 553 -44% 257 -54% 266 -46% 424 -39% 1,500 -45%
2005 999 -17% 557 -7% 494 -29% 702 -31% 2,752 -22%
2004 1,208 +11% 596 -1% 692 -4% 1,014 +6% 3,510 +4%
2003 1,092 609 719 957 3,377
Keys Real Estate Market “Sale Price”
Upper Keys Middle Keys Lower Keys Key West Keys Wide
Avg.
S. P.
% Pri.
Year
Avg.
S. P.
% Pri.
Year
Avg.
S. P.
% Pri.
Year
Avg.
S. P.
% Pri.
Year
Avg.
S. P.
% Pri.
Year
2012YTD
$399K
2006
-7%
-48%
$415K
2006
+15%
-48%
$292K
2006
-14%
-55%
$431K
2005
-9%
-99%
$392K
2006
-3%
-51%
2011 $402K -4% $359K -32% $340K -1% $475K +13% $404K -3%
2010 $404K -20% $524K +22% $342K -13% $422K -8% $419K -8%
2009 $507K -16% $429K -35% $391K -14% $460K -25% $453K -23%
2008 $607K -18% $661K -6% $456K -19% $612K -27% $588K -21%
2007 $739K -2% $695K -16% $563K -20% $823K -12% $731K -10%
2006 $770K +9% $811K +2% $651K +10% $936K -6% $805K +3%
2005 $706K +43% $804K +39% $594K +37% $1M +37% $782K +39%
2004 $492K +25% $580K +30% $434K +34% $730K +31% $563K +30%
2003 $395K $446K $323K $557K $433K
Listings Pending 2008 through April 2012
Keys Wide Listings & Sales 2008 - 2012
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 Active 2009 Active 2010 Active 2011 Active 2012 Active
2008 Solds 2009 Solds 2010 Solds 2011 Solds 2012 Sold
Keys-Wide Pending Sales – 2008 - 2012
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Pendings 2008 Pendings 2009 Pendings 2010 Pendings 2011 2012 Pendings