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.