CORAL GABLES
Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for April was 183 , up 131.6 % from 79 days last month and up 76.0 % from 104 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 . |
250
200
150
100
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134 |
104 |
183 |
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50 |
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The April 2017 Selling Price per Square Foot of $ 506 was down 10.0 % from $ 562 last month and down 1.4 % from 513 in April of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The April 2017 Selling Price vs Original List Price of 90.7 % was down from 92.2 % last month and down from 91.6 % in April of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in April 2017 was 52 , down 26.8 % from 71 last month and down 14.8 % from 61 in April of last year .
0
700 650 600 550 500 450 400
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150 100 50 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 M J |
J |
A |
S O N D |
J |
F M A |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
483
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 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
89.7 %
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 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
220 230 231 215 212 221 216
Avg Selling Price divided by Avg Listing Price for sold properties during the month
204 228 232 222 233 240 240 248 243 246
263 241 240 246 258 272
513
91.6 %
3 Mo Avg
506
90.7 %
293 292 300 291 282 280 268 268 266 263 274 293 296
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 |
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15 |
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16 |
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17 |
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Coldwell Banker Global Luxury SM | 87