Market Action Report February 2018
Community Information | School District
Market Action Report February 2018
County : Miami-Dade Price Range : All | 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 |
$ 460,000 |
2 % |
|
7 % |
|
|
|
|
Average List Price of all Current Listings |
$ 1,067,110 |
2 % |
|
8 % |
|
|
|
|
February Median Sales Price |
$ 298,000 |
-1% |
1 % |
8 % |
3 % |
$ 299,000 |
9 % |
3 % |
February Average Sales Price |
$ 518,034 |
11 % |
10 % |
12 % |
16 % |
$ 490,498 |
12 % |
10 % |
Total Properties Currently for Sale ( Inventory ) |
20,874 |
0 % |
|
-3% |
|
|
|
|
February Number of Properties Sold |
1,513 |
-7% |
|
-15% |
|
3,145 |
-9% |
|
February Average Days on Market ( Solds ) |
102 |
10 % |
6 % |
11 % |
12 % |
97 |
3 % |
7 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 348 |
-3% |
-2% |
5 % |
5 % |
$ 353 |
5 % |
6 % |
February Sold Price per Square Foot |
$ 259 |
5 % |
7 % |
12 % |
10 % |
$ 252 |
9 % |
7 % |
February Month ' s Supply of Inventory |
13.8 |
8 % |
13 % |
15 % |
29 % |
13.3 |
7 % |
24 % |
February Sale Price vs List Price Ratio |
92.7 % |
. 3 % |
-. 2 % -. 2 % |
-. 5 % |
92.5 % |
-0% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
3,000 February Property sales were 1,513 , down 15.4 % from 1,788 in February of 2017 and 7.3 % lower than the 1,632 sales last
2,500 Property month . February Sales 2018 sales were at their lowest level compared 3,000 February to February Property of 2017 sales and were 2016 1,513 . February , down 15.4 YTD % from sales 1,788 of 3,145 in are February of 2017 and 7.3 % lower than the 1,632 last
2,000 running 8.9 % behind last year ' s year-to-date sales of 3,454 . 2,500 month . February 2018 sales were at their lowest level compared
to February of 2017 and 2016 . February YTD sales of 3,145 are 1,500 2,000 running 8.9 % behind last year ' s year-to-date sales of 3,454 . 1,000
1,500
Agent Name
Miami-Dade County Title
Phone Website Other
Community Information | School District
1,000
500
2,584 2,676 2,651
Number of Properties Sold
500 0 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 J F
0 15 16
17 18
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 J F Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in February was $ 298,000 , up 8.4 %
600
Prices from $ 275,000 in February of 2017 and down 0.6 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 299,700 Median last Sales month Price . in The February Average was Sales $ 298,000 Price , in up February 8.4 % was 550
600 from $ 518,034 $ 275,000 , up 11.7 in February % from $ of 463,863 2017 and in down February 0.6 % of from 2017 and up 500 $ 11.4 299,700 % from last $ month 464,971 . The last Average month . Sales February Price in 2018 February ASP was at the 550 $ highest 518,034 , level up 11.7 compared % from $ to 463,863 February in February of 2017 and of 2017 2016 and . up 450
500
11.4 % from $ 464,971 last month . February 2018 ASP was at the highest level compared to February of 2017 and 2016 .
450
400
400 350
350 300
300 250
2,584 2,676 2,651 2,762 2,775 2,398 2,379 2,449 1,973 2,276 1,718 1,939 2,380 2,358 2,320 2,518 2,190 2,344 2,146 1,896 1,917 2,104 1,666 1,788 2,474 2,159 2,528 2,511 2,093 2,184 1,406 1,860 1,716 2,018 1,632 1,513
250 |
200 |
200 |
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
J
F
M
A
15 M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F
18
|
15 |
16 |
17 |
18 |
Inventory & MSI |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
|
|
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 20,874 of Properties , up 0.3 % available from 20,810 for sale last as month of and
22,000
February down 2.9 was % from 20,874 21,499 , up 0.3 in % February from 20,810 of last last year month . February and 2018
22,000
21,000 down
Inventory 2.9 % from was at 21,499 a mid in level February compared of last with year . February of 2018 2017
21,000
Inventory and 2016 was . at a mid level compared with February of 2017
20,000 and 2016 .
20,000
19,000
|
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
16.0
14.0
12.0
10.0
|
|
19,000
8.0
A comparatively lower MSI is more beneficial for sellers while a
18,000
6.0
A comparatively lower MSI is more beneficial for sellers while a
18,000 higher MSI is better for buyers . The February 2018 MSI of 13.8 higher MSI is better for buyers . The February 2018 MSI of 13.8
17,000
4.0 months was at its highest level compared with February of 2017
17,000 months was at its highest level compared with February of 2017
2.0 and 2016 .
16,000 and 2016 .
16,000
0.0
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 J
F
M
A 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 J
F
15
16
17
18
15
16
17
18
|
20,115 19,538
19,007 18,504 18,515 2,762 2,775 2,398
20,115 19,538
19,007 18,504 18,515 18,327 2,379 2,449
18,327
18,312 18,730 18,954 18,752
1,973 2,276
19,935 20,754 20,834
18,312 18,730 18,954 18,752
1,718
Number of Properties Sold
1,939 2,380 2,358 2,320 2,518 2,190 2,344 2,146
20,866
20,754 20,793 20,795
20,834
20,731 20,866
20,673 20,793
20,819 20,795
20,949 20,731
20,673 21,275
20,587 20,819 21,396
19,935
1,896
20,949
21,275 1,917 2,104 1,666
21,499
20,587 21,568 21,264
21,181
1,788 2,474 2,159 2,528 2,511 2,093
21,396 21,499 21,568 21,264 21,181 20,909 21,059 21,075
20,909 21,059 21,075
20,583 21,315
20,976
20,256 20,810 20,874
3 Mo Avg
2,184 1,406 1,860
20,583 21,315
20,976 20,256
1,716
3 Mo Avg
2,018
20,810
20,874 1,632 1,513
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
100 | c o l d w e l l b a n k e r h o m e s . c o m
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 of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso 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 .