FL ARCHIVED December 2017 | Page 78

Market Action Report December 2017

COCONUT City : Coconut Grove GROVE

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 2,565,000
-6%
3 %
Average List Price of all Current Listings
$ 3,133,136
-11%
-7%
December Median Sales Price
$ 1,800,000
-31%
1 %
26 %
20 %
$ 2,117,500
41 %
41 %
December Average Sales Price
$ 2,550,000
-3%
-6%
76 %
35 %
$ 2,575,040
36 %
36 %
Total Properties Currently for Sale ( Inventory )
75
1 %
-16%
December Number of Properties Sold
8
300 %
100 %
60
5 %
December Average Days on Market ( Solds )
162
4 %
9 %
30 %
33 %
151
22 %
24 %
Asking Price per Square Foot ( based on New Listings )
$ 585
11 % -18% -23% -10%
$ 664
2 %
2 %
December Sold Price per Square Foot
$ 605
14 %
-3%
51 %
18 %
$ 563
9 %
10 %
December Month ' s Supply of Inventory
9.4 -75% -61% -58% -64%
24.4
-5%
-5%
December Sale Price vs List Price Ratio
85.1 %
. 2 % -2.3% -. 1 % -2.1%
87.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
14
December Property sales were 8 , up 100.0 % from 4 in December
of 2016 and 300.0 % higher than the 2 sales last month .
12
December 2017 sales were at their highest level compared to
Property
December of Sales 2016 and 2015 . December YTD sales of 60 are
December running 5.3 Property % ahead sales of last were year 8 ,' s up year-to-date 100.0 % from sales 4 in of December 57 . of 2016 and 300.0 % higher than the 2 sales last month .
14
10
128
December 2017 sales were at their highest level compared to
December of 2016 and 2015 . December YTD sales of 60 are
106
running 5.3 % ahead of last year ' s year-to-date sales of 57 .
84
62
5 6
5 6 8 7 6 12
Number of Properties Sold
Coast Association of REALT
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 75 , up 1.4 % from 74 last month and down 15.7 % from 89 in December of last year . December 2017 Inventory
Inventory was at its lowest & MSI level compared with December of 2016 and
The
2015 Total . Inventory of Properties available for sale as of
December was 75 , up 1.4 % from 74 last month and down 15.7 % from 89 in December of last year . December 2017 Inventory was
A comparatively at its lowest level lower compared MSI is more with beneficial December for of sellers 2016 and while a
2015 higher . MSI is better for buyers . The December 2017 MSI of 9.4 months was at its lowest level compared with December of 2016 and 2015 .
1,200
120
100
80
120
60
100
40
80
20
60
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
A S O N D
90.0
80.0
70.0
60.0
50.0
90.0
40.0
80.0
30.0
70.0
20.0
60.0
10.0
50.0
40.0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The December 2017 MSI of 9.4 months was at its lowest level compared with December of 2016 and 2015 .
40
20
0
J
15
F M A M J
J
A S O N D J
16
F M A M J
J
A S O N D J
17
F M A M J
J
A S O N D
30.0
20.0
10.0
0.0
J
F M A M J
J
A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
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
J
A S O N D J
F M A M J
17 of REALTORS , REALTORS Association of
J the Palm
A S O N D Beaches , Space
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 .
93 94
8 98
Agent Name
Title Phone Website Other
7 89
6
81 12 9
79 84
5 81
5 89
8 7
96 100
6
Number of Properties Sold
40
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
2
15
16
17
Prices
The Median Sales Price in December was $ 1,800,000 , up 26.3 % from $ 1,425,000 in December of 2016 and down 31.4 % from
$ 2,625,000 last month . The Average Sales Price in December
Prices was $ 2,550,000 , up 75.9 % from $ 1,450,000 in December of
The
2016 Median and down Sales 2.9 Price % from in December $ 2,625,000 was last $ 1,800,000 month . December , up 26.3 % from
2017 $ ASP 1,425,000 was at in the December highest level of 2016 compared and down to December 31.4 % from of
0
J
F M A M J
15
3,200
2,700
J
Median Sales Price and Average Sales Price
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
16
17
Median Sales Price and Average Sales Price
J
A
3 Mo Avg
S O N D
3 Mo Avg
$
2016 2,625,000 and 2015 last . month . The Average Sales Price in December was $ 2,550,000 , up 75.9 % from $ 1,450,000 in December of
3,200
2,200
2016 and down 2.9 % from $ 2,625,000 last month . December
2,700
2017 ASP was at the highest level compared to December of
1,700
2016 and 2015 .
2,200
1,200
1,700
J
F M A M J
15
J
A S O N D
J
F M A M J
16
J
A S O N D
J
F M A M J
17
J
A S O N D
78 | coldwellbankerluxury . com
93 94 98
89 81 79 84 81
89 96 100
2
90 91
9 5 5 8 7 6 2
12 12
90 91 91 92
91 92
5 83
83 3 5
79 83
79
83 8 6
82 81
82
81 1 3
86 90
86 90
0 97
97 8 4
89 92
89
92 2 6
96 94
96 94
4 9
93 92
93 92
9 7
91 89 88
91 89
2
88 2
78 79
78 79
6
3 Mo Avg
3 Mo Avg
3
74 75
74
75 2 8
5 3 5 8 6 1 3 0 8 4 2 6 4 9 9 7 2 2 6 3 2 8