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.