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Florida Keys Real Estate Market Stats January to April 2012 Brought to you by Click your mouse to advance pages

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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.

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Page 1: Website   jan-apr 2012 florida keys real estate market

Florida Keys

Real Estate Market Stats

January to April 2012

Brought to you by

Click your mouse to advance pages

Page 2: Website   jan-apr 2012 florida keys real estate market

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

Page 3: Website   jan-apr 2012 florida keys real estate market

Number Properties Available Vs Sold – Keys-Wide Source: Florida Keys MLS

0

100

200

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0500

1000150020002500300035004000450050005500

Nu

mb

er L

iste

d P

rop

erti

es

Properties Available Properties Sold

4,925

164

Month of Apr

Page 4: Website   jan-apr 2012 florida keys real estate market

The Florida KeysReal Estate Market1999 – April 2012

Page 5: Website   jan-apr 2012 florida keys real estate market

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%

Page 6: Website   jan-apr 2012 florida keys real estate market

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%

Page 7: Website   jan-apr 2012 florida keys real estate market

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%

Page 8: Website   jan-apr 2012 florida keys real estate market

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

Page 9: Website   jan-apr 2012 florida keys real estate market

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

Page 10: Website   jan-apr 2012 florida keys real estate market

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

Page 11: Website   jan-apr 2012 florida keys real estate market

Listings Pending 2008 through April 2012

Page 12: Website   jan-apr 2012 florida keys real estate market

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

Page 13: Website   jan-apr 2012 florida keys real estate market

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