Market Action Report
December 2017
City: Coral Gables GABLES
CORAL
Market Action Report
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -2%
$2,196,000
-1%
City: Coral Gables
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
$3,616,600
Month
$1,500,000
$2,196,000
$1,850,553
Average
List Price Currently
of all Current
Listings
$3,616,600
Total Properties
for Sale
(Inventory)
253
December
Price
$1,500,000
December Median
Number Sales
of Properties
Sold
19
December
$1,850,553
December Average
Average Sales
Days Price
on Market (Solds)
188
Total
Properties
for Sale
(Inventory)
253
Asking
Price per Currently
Square Foot
(based
on New Listings)
$532
December
Number
of
Properties
Sold
19
December Sold Price per Square Foot
$482
December
Average
Days
on
Market
(Solds)
188
December Month's Supply of Inventory
13.3
Asking
Price Sale
per Price
Square
(based
on New Listings)
$532
December
vs Foot
List Price
Ratio
90.3%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$482
December Month's Supply of Inventory
13.3
December
Sale
Price
vs
List
Price
Ratio
90.3%
Property Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
30
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 19, up 11.8% from 17 in December
of 2016 and 11.8% higher than the 17 sales last month.
25
December 2017 sales were at their highest level compared to
Property
Sales
30
December of
2016 and 2015. December YTD sales of 220 are
December
Property
sales
were
19, year-to-date
up 11.8% from
17 of
in 249.
December 20
running 11.6%
behind
last
year's
sales
of 2016 and 11.8% higher than the 17 sales last month.
25
15
December 2017 sales were at their highest level compared to
December of 2016 and 2015. December YTD sales of 220 are
running 11.6% behind last year's year-to-date sales of 249.
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
-3% Trending versus*:
2%
LM L3M
LY
YTD
Prior
-5%
-5% PYM
13% -7%
$1,593,000
0% YTD Prior
-1% Year
-2%
-1%
4% -4% 4% -22% $2,148,232
-11%
-10%
-3%
2%
-6%
-6%
-5%
0%
-1%
12% -5% 13%
12% -7% $1,593,000
220 -12%
4% -4%
4% -22%
-10%
42%
29% 48%
52% $2,148,232
139 -11%
13%
12%
-6%
4% 0% -6%
9% 2%
$519
-1%
-1%
12%
220 -12%
15% 8% 12%
13% 1%
$446
-7%
-7%
42% -25%
29% -16%
48% 52%
139
13%
12%
-16%
-9%
16.9
15%
15%
4% 1.4%
0% 2.4%
9% .5%
2%
$519
-1%
-1%
3.1%
88.6%
-1%
-1%
15% 8% 13% 1%
$446
-7%
-7%
-16% -25% -16%
-9%
16.9
15%
15%
Number of Properties Sold
3.1% 1.4% 2.4% .5%
88.6%
-1%
-1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
20
10
Inventory & MSI
1,200
350
300
250
200
350
150
300
100
250
50
200
150 0
100
50
28
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
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
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 A S O N D
15
16
17
35.0
Total Inventory & Month's Supply of Inventory (MSI)
3,700
4,700
3,200
4,200
2,700
3,700
2,200
3,200
1,700
2,700
1,200
2,200
1,700
The Total Inventory of Properties available for sale as of
December was 253, down 5.9% from 269 last month and down
6.3% from 270 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
a mid level compared with December of 2016
and Total
2015. Inventory of Properties available for sale as of
The
December was 253, down 5.9% from 269 last month and down
6.3% from 270 in December of last year. December 2017
A comparatively
MSI compared
is more beneficial
for sellers
Inventory
was at a lower
mid level
with December
of while
2016 a
higher
MSI is better for buyers. The December 2017 MSI of 13.3
and
2015.
months was at its lowest level compared with December of 2016
and 2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The December 2017 MSI of 13.3
months was at its lowest level compared with December of 2016
and 2015.
Median Sales Price and Average Sales Price
0
3 Mo Avg
4,700 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
4,200
Prices
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
5
The Median Sales Price in December was $1,500,000, up 13.2%
from $1,325,000 in December of 2016 and down 4.8% from
$1,575,000 last month. The Average Sales Price in December
Prices
was $1,850,553, up 4.4% from $1,771,765 in Dece