FL ARCHIVED July 2017 | Page 106

Market Action Report
City: Coral Gables
July 2017
Coral Gables
Agent Name
Title
Phone
Agent
Name
Website
Title Other
July 2017
City: Coral Gables Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Ma rket Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$993,000
5%
1%
Other
$1,994,054 Trending
5% versus*: 9%
Trending versus*:
Month
LM 7%
L3M 10%
PYM 5%
LY 17% YTD
Prior YTD 1%
Prior Year
$780,000
$690,000
$993,000
5% 0% -1%
1% -20% -10% $1,043,648
$977,251
-6%
$1,994,054 586
5% -2%
9% -3%
$780,000 7%
10%
17%
$690,000
1%
59 -34% 5% -26%
479
-3% 4%
$977,251 115
0% 19%
-1% 11%
-20% 34%
-10% 25%
$1,043,648
-6%
100
9% -4%
586 -2%
-3%
$472 4% 3% 12% 9%
$454
4%
59 -34%
-26%
479
-3%
$374 -4% -2% -4% -2%
$378
-1%
115 19% 11% 34% 25%
100
9%
9%
9.9 50% 23% 32% 9%
9.1
6%
$472 4% 3% 12% 9%
$454
4%
4%
88.8% -3.9% -2.7% -4.9% -3.6%
91.4%
-1%
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 Days 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
$374 -4% -2% -4%
9.9 50% 23% 32%
88.8% -3.9% -2.7% -4.9%
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 Mo Avg
Number of Properties Sold
90
3 Mo Avg
80
60
0
10
20 20
30 30
40 40
50 50
70 60 60
70
80
10
Prices
14
The Median Sales Price in July was $780,000, up 4.5% from
1,400
Prices
$746,101 in July of 2016 and up 6.8% from $730,000 last
1,300
The
Median
Sales
Price Sales
in July Price
was $780,000,
4.5% from
month.
The
Average
in July was up
$977,251,
down
1,400
$746,101
in July
of 2016 and
up 6.8%
from
$730,000
1,200
19.7% from
$1,216,263
in July
of 2016
and
up 0.1% last
from
month.
The last
Average
Sales
Price
in July
down
$976,164
month.
July
2017
ASP was
was $977,251,
at the lowest
level 1,300 1,100
1,200
19.7%
from $1,216,263
in July
of 2015.
2016 and up 0.1% from
compared
to July of 2016
and
1,000
$976,164 last month. July 2017 ASP was at the lowest level
1,100
1,000
900
15
16
81
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
Median Sales Price and Average Sales Price M J J 3 Mo Avg
0
compared to July of 2016 and 2015.
9%
4%
-1%
-1%
-1%
100
July Property sales were 59, down 26.3% from 80 in July of
2016 and 34.4% lower than the 90 sales last month. July 2017
Property
sales were Sales
at their lowest level compared to July of 2016 and 100
July
Property
sales sales
were of
59,
down
from
80 in
July of
2015.
July YTD
479
are 26.3%
running
3.4%
behind
last year's 90
2016
and 34.4%
lower
year-to-date
sales
of than
496. the 90 sales last month. July 2017
4%
-4%
-2%
$378
-1%
-1%
9%
9.1
6%
-1%
Number of 91.4%
Properties
-3.6%
-1% Sold -1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
sales were at their lowest level compared to July of 2016 and
2015. July YTD sales of 479 are running 3.4% behind last year's
year-to-date sales of 496.
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
17
Median Sales Price and Average Sales Price
3 Mo Avg
900
800
800 700
700 600
600 500
Inventory & MSI
500
400
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
400
300
A comparatively lower MSI is more beneficial for sellers while 300
a 200
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
July 2017
MSI of
9.9 a 200
higher
MSI
is better
for buyers.
July 2017
MSI July
of 9.9
months
was
at its highest
level The
compared
with
of 2016 and 100 100
months
0
2015. was at its highest level compared with July of 2016 and
0
2015.
12.0
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
12.0
10.0
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
106 | c
14.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of July
700
was Total
586, Inventory
down 1.5%
595 last
month for
and
down
The
of from
Properties
available
sale
as of 2.8%
July from
603 586,
in July
of 1.5%
last from
year. 595
July
2017
Inventory
was 2.8%
at a from
mid level 700 600
was
down
last
month
and down
603
in July of
last July
year. of July
2017
compared
with
2016
and Inventory
2015. was at a mid level
600 500
compared with July of 2016 and 2015.
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 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
500
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.