FL ARCHIVED April 2017 | Page 86
Market Action Report
April 2017
CORAL
City: Coral Gables GABLES
Market Action Report
Agent Name
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$2,097,000
5%
Other 1%
Community Information | School District
City: Coral Gables
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
$3,348,857 -2% Trending versus*:
-3%
Trending versus*:
$1,617,500
-2% PYM
27% 1%
$1,650,000
2% YTD Prior
3% Year
Month 12%
LM L3M
LY
YTD
Prior
$2,080,648 -52%
3%
7%
$2,097,000
1% -18% -30%
5% -13% $2,549,383
Total Properties
for Sale
(Inventory)
296 -2%
1%
1%
Average
List Price Currently
of all Current
Listings
$3,348,857
-3%
April Median
Number Sales
of Properties
Sold
20 12%
33% -2% 27%
11% 1% $1,650,000
71 -17%
April
Price
$1,617,500
2%
3%
April Average
Average Sales
Days Price
on Market (Solds)
183 -52%
132% -18%
14% -30%
76% -13%
48% $2,549,383
160
9%
29%
April
$2,080,648
3%
7%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$521
$576
-2%
-1%
Total
Properties
for Sale
(Inventory)
296 -16%
1% -10% -8%
1% -10%
April Number
Sold Price
per Square Sold
Foot
$506
-1% 0%
$498
-2%
-2%
April
of Properties
20 -10%
33% 2% 11%
71 -17%
April Average
Month's Days
Supply
Inventory
14.8
-24% 14%
-8% 76%
-9% 48%
2%
16.1
27%
11%
April
on of
Market
(Solds)
183 132%
160
9%
29%
April Sale
Price
List Price
90.7%
-1.6% -10%
1.9% -1.0%
1.0%
89.1%
-1%
-1%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$521 -16%
-8% -10%
$576
-2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$506 -10% 2% -1% 0%
$498
-2%
-2%
Number
April Month's Supply of Inventory
14.8 -24% -8% -9%
2% of Properties
16.1 Sold
27%
11%
Property
Sales
April
Sale Price
vs List Price Ratio
90.7% -1.6% 1.9% -1.0% 1.0%
89.1%
-1%
-1%
40
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 20,
up 11.1%
18 / in
April
of (2016)
2016 / YTD = Year-to-date
* LM=Last
M onth / L3M=Last
3 Months
PYM=Same
Month from
Prior Year
LY=Last
Year
month. The Average Sales Price in April was $2,080,648, down
30.4% from $2,988,028 in April of 2016 and down 52.3% from
$4,361,321 last month. April 2017 ASP was at the lowest level
compared to April of 2016 and 2015.
3 Mo Avg
24
Number of Properties Sold
30
40
25
35
20
30
15
25
10
20
5
15
0
10
22
Median Sales Price and Average Sales Price
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
5
Prices
The Median Sales Price in April was $1,617,500, up 27.3% from
$1,271,000 in April of 2016 and up 11.5% from $1,450,150 last
month. The Average Sales Price in April was $2,080,648, down
30.4% from $2,988,028 in April of 2016 and down 52.3% from
Prices
$4,361,321
month.
April
2017
was at the
The
Median last
Sales
Price in
April
was ASP
$1,617,500,
up lowest
27.3% level
from
compared to
$1,271,000
in April
April of
of 2016
2016 and
and 2015.
up 11.5% from $1,450,150 last
35
and 33.3% higher than the 15 sales last month. April 2017 sales
were at a mid level compared to April of 2016 and 2015. April
YTD sales of
71 are running 17.4% behind last year's year-to-date
Property
Sales
sales Property
of 86. sales were 20, up 11.1% from 18 in April of 2016
April
and 33.3% higher than the 15 sales last month. April 2017 sales
were at a mid level compared to April of 2016 and 2015. April
YTD sales of 71 are running 17.4% behind last year's year-to-date
sales of 86.
3 Mo Avg
0
4,700 M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
4,200 14
3,700
Median Sales Price and Average Sales Price
3 Mo Avg
4,700
3,200
4,200
2,700
3,700
2,200
3,200
1,700
2,700
1,200
The Total Inventory of Properties available for sale as of April
was 296, up 1.0% from 293 last month and up 1.0% from 293 in
April of last year. April 2017 Inventory was at its highest level
compared with April of 2016 and 2015.
Inventory & MSI
1,200
350
300
250
The Total Inventory of Properties available for sale as of April
was 296, up 1.0% from 293 last month and up 1.0% from 293 in
April of last year. April 2017 Inventory was at its highest level
A comparatively lower MSI is more beneficial for sellers while a
compared with April of 2016 and 2015.
higher MSI is better for buyers. The April 2017 MSI of 14.8
months was at a mid level compared with April of 2016 and
2015. 200
350
150
300
100
250
50
200
0
150
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The April 2017 MSI of 14.8
months was at a mid level compared with April of 2016 and
2015. 100
Total Inventory & Month's Supply of Inventory (MSI)
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
35.0
14
15
16
17
30.0
1,700
Inventory & MSI
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
2,200
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
14
15
16
17
50
25.0
20.0
35.0
15.0
30.0
10.0
25.0
5.0
20.0
0.0
15.0
10.0
5.0
0
0.0
M J J A S O N D J F M A M J J A S O N D J F M A
14 Association of REALTORS, 15
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
My Florida Regional MLS, Naples Area Board of 16
REALTORS, REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
M J and
J Up
A | S Property
O N Types:
D J SFH
F - M
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
Con A
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
86 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REA
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.