FL ARCHIVED December 2017 | Page 80

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