FL ARCHIVED February 2018 | Page 206

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

City : Coconut Grove 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
$ 1,450,000
-2%
-25%
Average List Price of all Current Listings
$ 2,174,809
2 %
-18%
February Median Sales Price
$ 657,500
-22% -46% -70% -45%
$ 750,000
-52%
-37%
February Average Sales Price
$ 1,373,333
32 % -17% -33% -17%
$ 1,208,758
-25%
-27%
Total Properties Currently for Sale ( Inventory )
131
2 %
-11%
February Number of Properties Sold
6
0 %
-25%
12
-14%
February Average Days on Market ( Solds )
176
48 %
17 %
-4%
24 %
147
-25%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 597
-2%
6 %
-10%
5 %
$ 606
-1%
7 %
February Sold Price per Square Foot
$ 399
-1% -14% -21% -17%
$ 400
-11%
-16%
February Month ' s Supply of Inventory
21.8
2 %
17 %
18 %
25 %
21.6
-0%
23 %
February Sale Price vs List Price Ratio
83.8 % -5.5% -3.0% -1.8% -5.4%
86.2 %
-1%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales February Property sales were 6 , down 25.0 % from 8 in February of 2017 and the same as the 6 sales last month . February 2018 Property sales were Sales at their lowest level compared to February of 2017 30
February and 2016 Property . February sales YTD were sales 6 , down of 1225.0 are % running from 8 in 14.3 February % behind of last 2017 year and
' s year-to-date the same as the sales 6 sales of 14 last . month . February 2018
25 sales were at their lowest level compared to February of 2017 and 2016 . February YTD sales of 12 are running 14.3 % behind
20 last year ' s year-to-date sales of 14 .
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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
Prices
The Median Sales Price in February was $ 657,500 , down 69.6 %
Prices from $ 2,162,500 in February of 2017 and down 22.2 % from
The
$ 845,000 Median last Sales month Price . in The February Average was Sales $ 657,500 Price , in down February 69.6 % was
M
A M J
15
2,400
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
Median Sales Price and Average Sales Price
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
$ 1,373,333 $ 2,162,500 , down in February 33.5 % from of 2017 $ 2,064,875 and down in 22.2 February % from of 2017
$ and 845,000 up 31.5 last % month from . $ The 1,044,183 Average last Sales month Price . February in February 2018 was ASP
2,400
$ was 1,373,333 at the , down lowest 33.5 level % from compared $ 2,064,875 to February in February of 2017 of 2017
1,900 and 2016 . and up 31.5 % from $ 1,044,183 last month . February 2018 ASP
1,900 was at the lowest level compared to February of 2017 and 2016 .
1,400
1,400
900
400
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
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 131 , of up Properties 2.3 % from available 128 last for month sale as and of down 11.5 %
February from 148 was in February 131 , up 2.3 of % last from year 128 . last February month 2018 and down Inventory 11.5 % was
200 from at its 148 lowest in February level compared of last year with . February 2018 of 2017 Inventory and 2016 was .
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
at its lowest level compared with February of 2017 and 2016 .
150
20.0
100
100
15.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
February for sellers
2018 MSI while of a 21.8 higher MSI is better for buyers . The February 2018 MSI of 21.8
50 months was at its highest level compared with February of 2017 months was at its highest level compared with February of 2017 and 2016 . and 2016 .
0
50
10.0
5.0
0
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
15
16
16
17
17
18
18
182
900
400
163 21
182 155
21
151 15 28 21 15 11 20 15
153 155
158 151
162 153
165 158
172 162 155
165 174
172
21 21 15 28 21 15 11 20 15 16 7
16
167 171
7 155
16
153 11 12 12 24
16 11 12 12 24 16 9 11
16 7
9 13
11
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
15
16
17
18
163
155 174 167 171
7 13 9
157
155 153 143
153
142 157
141 153
147 143
142 142
149 141
148 147
144 142
138 149
141 148
139 144 136
138 143 141
135 139
135 136
128 143
128 135
128
135 131
128
9 6 8 9 6 8 9 19 15 11 5 6
19 15 11 5 6 8 9 5
8
10 9
128 5
6 6
128 10
131 6 6
30.0 25.0 20.0
15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
104 | 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 .