FL ARCHIVED July 2017 - Page 104

Market Action Report July 2017 Coconut Grove Market Action Report City: Coconut Grove Agent Name Title Phone Agent Name Website Title Other July 2017 City: Coconut Grove Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website $1,837,500 Other Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con LM Trending versus*: L3M PYM LY 11% 63% $2,640,663 Trending 3% versus*: 42% Month LM -28% L3M -22% PYM 13% LY $950,000 $1,837,500 11% -38% -35% 63% 6% $1,097,100 $2,640,663 118 3% -2% 42% -20% $950,000 -28% -22% 13% 19% 5 -50% -69% $1,097,100 -38% -35% 6% 2% 126 3% -11% -2% 118 -2% -20% $773 28% 27% 69% 5 -50% -69% $401 -11% -18% -13% 126 3% -11% -2% 2% $773 23.6 28% 95% 27% 61% 69% 155% 36% 84.7% -3.6% -4.2% $401 -11% -18% -13% -6.2% -6% 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 Listings Total Properties Currently for Sale (Inventory) July Median Sales Price July 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 Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sold Sale Price Price per vs Square List Price July Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 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 400 Inventory & MSI 11 Median Sales Price and Average Sales Price 16 17 15 Median Sales Price and Average Sales Price 3 Mo Avg 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 25.0 20.0 100 15.0 150 50 10.0 5.0 0 0.0 30.0 25.0 20.0 15.0 10.0 5.0 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 15 16 17 14 14 15 16 17 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 . 3 Mo Avg 15 A M J J A S O N D J F M 16 A S 14 O N D J F M A M J J A S O N D J F M A 17 M J J 14 15 16 17 The Total Inventory Inventory & MSI of Properties available for sale as of July 250 The of from Properties available sale as of 20.3% July from was Total 118, Inventory down 2.5% 121 last month for and down was down of 2.5% last month and down 148 118, in July last from year. 121 July 2017 Inventory was 20.3% at its from lowest 250 200 148 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 200 104 | c 15 20 14 A comparatively lower MSI is more beneficial for sellers while 100 a A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 23.6 a higher MSI is better for buyers. The July 2017 MSI of 23.6 months was at its highest level compared with July of 2016 and 50 months was at its highest level compared with July of 2016 and 2015. 0 2015. 3 Mo Avg 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 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 The Median Sales Price in July was $950,000, up 13.1% from Prices $840,000 in July of 2016 and down 28.3% from $1,325,000 2,200 The in July was Price $950,000, 13.1% from last Median month. Sales The Price Average Sales in July up was $1,097,100, up 2,000 $840,000 in $1,033,218 July of 2016 in and down 28.3% from $1,325,000 6.2% from July of 2016 and down 38.0% from 2,200 1,800 last month. The July was at $1,097,100, $1,770,250 last Average month. Sales July Price 2017 in ASP was the highest up level 2,000 1,600 6.2% from $1,033,218 July and of 2016 compared to July of in 2016 2015. and down 38.0% from 1,800 $1,770,250 last month. July 2017 ASP was at the highest level 1,400 1,600 compared to July of 2016 and 2015. 1,200 1,400 1,200 1,000 1,000 800 800 600 600 400 150 0 5 5 10 level compared with July of 2016 and 2015. 21% 11% 13% 10% 1% 15 10 Prices 54% -26% 53% 2% 150 29% 36% $633 24% 72 -26% -6% $484 11% 150 29% 21% 70% $633 15.3 24% 13% 11% -3.4% $484 88.4% 11% -0% 13% 20 15 0 50% 72 46% Number of Properties Sold 25 20 $1,235,000 $1,646,213 30 were at their lowest level compared to July of 2016 and 2015. July YTD sales of 72 are running 25.8% behind last year's year- to-date sales of 97. Trending versus*: Prior YTD 50% Prior Year 54% 19% YTD $1,235,000 2% $1,646,213 46% 53% 23.6 95% 61% 155% 70% 15.3 13% 10% Number of 88.4% Properties 84.7% -3.6% -4.2% -6.2% -3.4% -0% Sold 1% July Month's Supply of Inventory July Property sales were 5, down 68.8% from 16 in July of 2016 and 50.0% lower than the 10 sales last month. July 2017 sales Property Sales were at their lowest level compared to July of 2016 and 2015. 30 July sales 5, running down 68.8% from 16 in July of 2016 year- July Property YTD sales of were 72 are 25.8% behind last year's and 50.0% lower 25 to-date sales of than 97. the 10 sales last month. July 2017 sales Trending versus*: Prior YTD Prior Year YTD 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 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 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 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.