FL ARCHIVED July 2017 - Page 100

Market Action Report July 2017 Miami-Dade County Market Action Report County: Miami-Dade Agent Name Title Phone Agent Name Website Title Other July 2017 County: Miami-Dade Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $465,000 2% 9% Other $1,048,816 Trending 0% versus*: 8% Month LM -1% L3M 0% PYM 9% LY $293,000 $465,000 2% -1% 0% 9% 7% $451,339 $1,048,816 0% -1% 8% -3% 19,839 $293,000 1,925 -1% -21% 0% 9% -12% 11% $451,339 -1% 0% 7% 8% 89 -2% -1% 10% 19,839 -1% -3% $344 -2% -2% 4% 1,925 -21% -12% $251 -2% -2% 8% 89 -2% -1% 10% 6% 10.3 25% 15% 10% $344 -2% -2% 4% -2% 93.2% -.3% -.2% -.9% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Da ys on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot Trending versus*: Prior YTD Prior Year YTD Trending versus*: Prior YTD 10% Prior Year 8% 11% YTD $287,000 8% $452,031 5% 8% $287,000 14,878 10% $452,031 5% 6% 91 -3% 8% 10% 8% 3% 4% 8% 5% 2% -1% -2% $358 14,878 -3% 5% $252 91 10% 7% 10.0 $358 3% -.9% 93.2% 8% 2% 5% 3% -1% $251 -2% -2% 8% 5% $252 4% 5% 10.3 25% 15% 10% 7% 10.0 5% 3% of 93.2% Properties 93.2% -.3% -.2% -.9% Number -.9% -1% Sold -1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 3,000 July Property sales were 1,925, down 11.7% from 2,179 in July of 2016 and 20.8% lower than the 2,432 sales last month. July 2,500 Property 2017 sales Sales were at their lowest level compared to July of 2016 3,000 July sales were 1,925, down 11.7% from 2,179 in July of last and Property 2015. July YTD sales of 14,878 are running 3.1% behind 2,000 2016 and 20.8% lower sales than of the 2,432 sales last month. July year's year-to-date 15,348. 2,500 3 Mo Avg Number of Properties Sold 3 Mo Avg 2017 sales were at their lowest level compared to July of 2016 1,500 and 2015. July YTD sales of 14,878 are running 3.1% behind last 2,000 year's year-to-date sales of 15,348. 1,000 2,435 2,368 2,372 1,929 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 M J J 14 15 16 17 A S O N D J F M A Median M J J A Sales S O N Price D J F and M A M J J A S O N D J F M A M J J Average Sales Price 3 Mo Avg 0 Prices 14 The Median Sales Price in July was $293,000, up 8.5% from 500 Prices $270,000 in July of 2016 and down 0.7% from $295,000 last The Median Sales Price Sales in July Price was $293,000, 8.5% from month. The Average in July was up $451,339, up 7.1% 500 450 $270,000 in July in of July 2016 of and down from $295,000 last from $421,502 2016 and 0.7% down 1.2% from $456,659 month. The Average Sales Price in at July $451,339, 7.1% last month. July 2017 ASP was the was highest level up compared to 450 400 from in July of 2016 and down 1.2% from $456,659 July $421,502 of 2016 and 2015. last month. July 2017 ASP was at the highest level compared to 400 350 July of 2016 and 2015. 0 500 1,000 500 1,500 15 16 17 Median Sales Price and Average Sales Price 3 Mo Avg 350 300 300 250 250 200 Inventory & MSI 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 M J J 15 A M J J A S O N D J F M 16 A M J J A S O N D J F M A 17 M J J A S 14 O N D J F M 14 15 16 17 20,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 19,000 19,000 A comparatively lower MSI is more beneficial for sellers while a 18,000 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 10.3 a 18,000 17,000 higher MSI is better for buyers. July 2017 MSI July of 10.3 months was at its highest level The compared with of 2016 and 17,000 months was at its highest level compared with July of 2016 and 16,000 2015. 16,000 2015. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 15 16 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con . 14.0 8.0 6.0 4.0 2.0 0.0 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 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 M J J 14 15 16 17 14 100 | c 14.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 22,000 was Total 19,839, down of 1.0% from 20,039 last for month and The Inventory Properties available sale as of down July 3.2% from 20,488 in July last 20,039 year. July 2017 Inventory was 19,839, down 1.0% of from last month and down was 3.2% at a 22,000 21,000 from in July of with last year. July 2017 Inventory mid 20,488 level compared July of 2016 and 2015. was at a 21,000 20,000 mid level compared with July of 2016 and 2015. 200 17 Data provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.