FL ARCHIVED April 2017 | Page 93

Market Action Report
April 2017
City: Miami Beach BEACH
MIAMI
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
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 163, down 16.4% from
195 days last month and up 35.8% from 120 days in April of last
year. The April 2017 DOM was at a mid level compared with
April of 2016 and 2015.
3 Mo Avg
300
250
200
163
155
150
120
100
50
0
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Selling Price per Square Foot
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
1,400
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
1,300
more normalized indicator on the direction of Property values.
The April 2017 Selling Price per Square Foot of $988 was down
4.5% from $1,034 last month and down 3.2% from 1,020 in April 1,200
of last year.
1,100
3 Mo Avg
1,226
1,020
988
1,000
900
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Selling Price versus Listing Price Ratio
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 83.3% was down from 87.7% last month and down from
86.5% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
89.3%
86.5%
83.3%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,400
600
800
1,000
1,200
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 115, down 27.7% from 159 last month and
down 31.5% from 168 in April of last year.
400
200
0
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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 REALT
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.
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