MIAMI BEACH
Community Information | School District
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for December was 248 , up 48.5 % from 167 days last month and up 65.3 % from 150 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 . |
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Days On Market for Sold Properties
149 150
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3 Mo Avg
248
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The December 2017 Selling Price per Square Foot of $ 1,140 was up 34.1 % from $ 850 last month and up 34.4 % from 848 in December of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2017 Selling Price vs Original List Price of 84.7 % was up from 83.7 % last month and down from 88.4 % in December of last year .
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Selling Price per Square Foot |
3 Mo Avg |
1,250 1,200 1,150 1,100 1,050 1,000 950 900 850 800
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1,109
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848
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.6 % 88.4 %
3 Mo Avg
1,140
84.7 %
75 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in December 2017 was 131 , down 21.6 % from 167 last month and up 1.6 % from 129 in December of last year .
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Inventory / New Listings / Sales |
1,400 1,200 1,000 800 600
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
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Coldwell Banker Global Luxury SM | 87