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Tropical Isle Homes Sub 4 Home Values and Market Report

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Report prepared by Savenowrealty.com Save Now Realty

Market at a glance

Over the last 12 months, homes sold for 91.7% of list price in 267 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $6.12M Sold · $5.78M
$24M$17M$10M$3M
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 2 sales in Oct. Last month: 2.

Where the market stands

All homes in this report, by status.

9homes
Active4 · 44%
Under contract1 · 11%
Sold (12 mo)4 · 44%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$6.57M
Under contract$3.55M
Sold$8.04M

Average days on market

Active156 days
Under contract176 days
Sold267 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 4
Average list price $6,574,750
Avg. days on market 156 days
Avg. price per ft² $2,000
Avg. living area 3,318 ft²
Avg. beds / baths 5.2 / 6.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$9M$6M$3M$0

Price vs. living area: 4 homes plotted, up to $9M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Highest price per ft²

Top 4 homes in this status.

119 Harbor Drive$2,123
238 Buttonwood Drive$2,028
110 Hampton Lane$1,943
315 Cypress Drive$1,909

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
315 Cypress DriveKey Biscayne, FL 33149 683,980$7,599,000$1,90922 days
119 Harbor DriveKey Biscayne, FL 33149 321,554$3,300,000$2,12366 days
238 Buttonwood DriveKey Biscayne, FL 33149 674,190$8,500,000$2,028170 days
110 Hampton LaneKey Biscayne, FL 33149 673,550$6,900,000$1,943366 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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