FL ARCHIVED December 2017 | Page 104

Market Action Report December 2017
Community Information | School District
Market Action Report December 2017

City : Coconut Grove

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,495,000
11 %
-19%
Average List Price of all Current Listings
$ 2,139,098
-8%
-8%
December Median Sales Price
$ 1,700,000
70 %
32 %
97 % 113 %
$ 1,205,000
51 %
51 %
December Average Sales Price
$ 2,321,111
48 %
21 % 131 % 117 %
$ 1,682,361
57 %
57 %
Total Properties Currently for Sale ( Inventory )
125
0 %
-12%
December Number of Properties Sold
9
80 %
0 %
110
-25%
December Average Days on Market ( Solds )
156
-9%
5 %
5 %
27 %
144
21 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 514
3 %
-12%
-5%
-4%
$ 561
6 %
5 %
December Sold Price per Square Foot
$ 571
26 %
6 %
45 %
36 %
$ 484
14 %
15 %
December Month ' s Supply of Inventory
13.9 -44% -23% -12%
-1%
17.4
24 %
24 %
December Sale Price vs List Price Ratio
86.2 %
-. 3 % -2.4% -1.5% -1.8%
88.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales December Property sales were 9 , equal to 9 in December of 2016 and 80.0 % higher than the 5 sales last month . December 2017 Property sales were Sales at their lowest level compared to December of 201630
December and 2015 Property . December sales YTD were sales 9 , equal of 110 to 9 are in running December 25.2 of % 2016 behind and last 80.0 year % ' s higher year-to-date than the sales
5 sales of 147 last . month . December 2017 25 sales were at their lowest level compared to December of 2016 and 2015 . December YTD sales of 110 are running 25.2 % behind
20 last year ' s year-to-date sales of 147 .
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
5 0 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 M J J A S O N D
0 15 16
17 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 M J J A S O N D
Prices Median Sales Price and Average Sales Price
15 16
17
3 Mo Avg The Median Sales Price in December was $ 1,700,000 , up 96.5 %
Prices from $ 865,000 in December of 2016 and up 70.0 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 999,999 Median last Sales month Price . in The December Average was Sales $ 1,700,000 Price in , December up 96.5 % was 2,400 from $ 2,321,111 $ 865,000 , up in 130.6 December % from of $ 2016 1,006,667 and up in 70.0 December % from of 2016 $ and 999,999 up 47.8 last % month from . $ The 1,570,000 Average last Sales month Price . in December 2017 was ASP 2,400
1,900
$ was 2,321,111 at the , up highest 130.6 % level from compared $ 1,006,667 to in December December of of 2016 2016 and and 2015 up . 47.8 % from $ 1,570,000 last month . December 2017 ASP 1,900 was at the highest level compared to December of 2016 and
1,400
2015 . 1,400
900
900 400
400
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 M J
J
A S O N D
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 125 of , equal Properties to 125 available last month for sale and as down of 12.0 %
December from 142 was in December 125 , equal of to last 125 last year month . December and down 201712.0 Inventory %
200 from was 142 at its in lowest December level of compared last year . with December December 2017 Inventory of 2016 and
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
was
2015 at . its lowest level compared with December of 2016 and
2015 .
150
100
20.0
100
15.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
December for sellers
2017 while MSI of a
13.950 higher months MSI was is better at a mid for level buyers compared . The December with December
2017 MSI of of 2016 13.9 months was at a mid level compared with December of 2016 and 2015 . and 2015 .
0
50
10.0
5.0
0
0.0
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 M J
J
A S O N D
J
F M A 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
15
16
17
15
16
17
183 180
20 183
182 16 21
163
155 21 15
151
153 28 21
158 162
15
165 172
11
155 20 15
174 167
20 16 21 21 15 28 21 15 11 20 15 16 7
16 7
171
155 16 11
153 157
12 12
153 143
24
16 11 12 12 24 16 9 11
16 7
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 M J
J
A S O N D
15
16
17
180
182 163 155 151 153 158 162 165 172
155 174 167 171 155 153 157 153 143
142 141 147
9 13 142
11 141
142 149
7 147
13 142
147 143
9 149
137 139
9 6 8 9
6 147
8 143
9 137
137 134 141
19 139
15
137
133 134
11
134 141
5
125 125
133 6
134 8
19 15 11 5 6 8 9 5 9
125 9
125 5 9
30.0 25.0 20.0 15.0
10.0 5.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | 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 Assoc
104 | c o l d w e l l b a n k e r h o m e s . c o m 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 .