FL ARCHIVED December 2017 | Page 86

Market Action Report December 2017

MIAMI City : Miami Beach BEACH

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
$ 2,400,000
0 %
-2%
Average List Price of all Current Listings
$ 4,452,131
3 %
-3%
December Median Sales Price
$ 1,887,500
5 %
3 %
18 %
2 %
$ 1,800,000
-3%
-3%
December Average Sales Price
$ 4,498,748
57 %
49 % 108 %
61 %
$ 2,948,723
6 %
5 %
Total Properties Currently for Sale ( Inventory )
1,088
0 %
1 %
December Number of Properties Sold
20
5 %
-9%
371
-7%
December Average Days on Market ( Solds )
248
49 %
19 %
65 %
66 %
195
33 %
31 %
Asking Price per Square Foot ( based on New Listings )
$ 1,191
-6%
-1%
-4%
-4%
$ 1,189
-4%
-4%
December Sold Price per Square Foot
$ 1,140
34 %
20 %
34 %
15 %
$ 981
-1%
-1%
December Month ' s Supply of Inventory
54.4
-5%
12 %
11 %
61 %
38.5
14 %
14 %
December Sale Price vs List Price Ratio
84.7 % 1.2 % 1.2 % -4.2% -2.2%
83.7 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
60
December Property sales were 20 , down 9.1 % from 22 in
December of 2016 and 5.3 % higher than the 19 sales last month .
December 2017 sales were at their lowest level compared to
Property
December of Sales 2016 and 2015 . December YTD sales of 371 are
December running 6.8 Property % behind sales last were year 20 ' s year-to-date , down 9.1 % sales from of 22398 in .
50
60
40
December of 2016 and 5.3 % higher than the 19 sales last month .
December 2017 sales were at their lowest level compared to
50
30
December of 2016 and 2015 . December YTD sales of 371 are running 6.8 % behind last year ' s year-to-date sales of 398 .
40
20
30 10
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in December was $ 1,887,500 , up 17.7 % from $ 1,603,750 in December of 2016 and up 4.9 % from $ 1,800,000 last month . The Average Sales Price in December
Prices was $ 4,498,748 , up 108.0 % from $ 2,163,295 in December of The 2016 Median and up Sales 56.6 Price % from in $ December 2,872,158 was last $ month 1,887,500 . December , up 17.7 % from 2017 $ ASP 1,603,750 was at in the December highest level of 2016 compared and up to 4.9 December % from of $ 2016 1,800,000 and 2015 last . month . The Average Sales Price in December was $ 4,498,748 , up 108.0 % from $ 2,163,295 in December of 2016 and up 56.6 % from $ 2,872,158 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
20
0
10
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
0
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
4,40015
16
17
3,900
Median Sales Price and Average Sales Price
3,400 4,400 2,900 3,900 2,400 3,400 1,900 2,900 1,400 2,400
1,900
36 41 44 53 51 50 42 34 37 29 24 34 30 37 38 38 39 49
36 41 44 53 51 50 42 34 37 29 24 34 30 37 38 38 39 49 29 31 33 31 21 22 24 35 43 40 40 44 31 21 23 31 19 20
29 31 33 31 21 22 24 35 43 40 40 44 31 21 23 31 19 20
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
Coast Association of REALT
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 1,088 , up 0.4 % from 1,084 last month and up
1,400
1,400
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
A S O N D
70.0
0.8 % from 1,079 in December of last year . December 2017
1,200
60.0
Inventory was & at MSI its highest level compared with December of
The
2016 Total and Inventory 2015 . of Properties available for sale as of
December was 1,088 , up 0.4 % from 1,084 last month and up
1,000
1,400
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
50.0
40.0
70.0
0.8 % from 1,079 in December of last year . December 2017
1,200
600
30.0
60.0
Inventory
A comparatively was at its lower highest MSI level is more compared beneficial with for December sellers while of a
1,000
400
2016 higher and MSI 2015 is . better for buyers . The December 2017 MSI of 54.4
800
200 months was at its highest level compared with December of
20.0
50.0
10.0
40.0
2016 and 2015 .
6000
30.0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The December 2017 MSI of 54.4 months was at its highest level compared with December of 2016 and 2015 .
400
200
0
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
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 the
J A S O N D Palm 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 .
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730 746 751 734 716 702 705 721 744 793 874 922 1,010 1,077 1,098 1,113 1,085 1,065 1,047 1,038 1,043 1,040 1,089 1,079 1,131 1,141 1,148 1,119 1,097 1,080 1,065 1,045 1,040 1,068 1,084 1,088
730 746 751 734 716 702 705 721 744 793 874 922 1,010 1,077 1,098 1,113 1,085 1,065 1,047 1,038 1,043 1,040 1,089 1,079 1,131 1,141 1,148 1,119 1,097 1,080 1,065 1,045 1,040 1,068 1,084 1,088