FL ARCHIVED July 2017 - Page 112

Market Action Report Miami City: Miami Agent Name Market Action Report Title Phone Agent Name Website Title Other July 2017 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 $425,000 2% 12% Other $652,951 Trending 2% versus*: 15% Month LM 1% L3M 1% PYM 9% LY $300,000 $425,000 2% 6% 5% 12% 23% $371,917 $652,951 7,795 2% -0% 15% -6% $300,000 870 1% -21% 1% 9% -14% 12% $371,917 6% 5% 23% 16% 79 -7% -2% 4% 7,795 -0% -6% $303 3% 2% 12% 870 -21% -14% $229 4% 2% 15% 79 -7% -2% 4% 1% 9.0 27% 17% 9% $303 3% 2% 12% 8% 93.7% -.8% -.5% -1.3% 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 $229 4% 2% 15% 9.0 27% 17% 9% 93.7% -.8% -.5% -1.3% * 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 1,400 July Property sales were 870, down 14.1% from 1,013 in July of 2016 and 21.5% lower than the 1,108 sales last month. July 2017 1,200 Property sales were Sales at their lowest level compared to July of 2016 and 1,400 July Property sales sales were of 870, down from 5.6% 1,013 behind in July last of 1,000 2015. July YTD 6,804 are 14.1% running 2016 and 21.5% lower sales than of the 7,210. 1,108 sales last month. July 2017 1,200 year's year-to-date 800 sales were at their lowest level compared to July of 2016 and 1,000 8% $297 6,804 -6% 14% $218 82 6% 8% 8.5 $297 8% -1.0% 94.0% 3 Mo Avg 3 Mo Avg 14 400 380 360 340 320 300 280 260 240 220 200 16 17 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 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 4,000 10.0 8.0 6,000 6,000 12.0 12.0 8,000 6.0 4,000 4.0 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 9.0 a 2,000 higher MSI is better for buyers. July 2017 MSI July of 9.0 months was at its highest level The compared with of 2016 and 2,000 2.0 months 0 2015. was at its highest level compared with July of 2016 and 0 0.0 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 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 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 . 15 Median Sales Price and Average Sales Price The Total Inventory Inventory & MSI of Properties available for sale as of July 12,000 was Total 7,795, down 0.2% from 7,813 last month and 6.3% The Inventory of Properties available for sale as down of July from 8,318 in July last 7,813 year. last July month 2017 Inventory was at its 12,000 was 7,795, down 0.2% of from and down 6.3% 10,000 from 8,318 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 10,000 8,000 lowest level compared with July of 2016 and 2015. 112 | c 1,097 1,150 1,110 Prices A comparatively lower MSI is more beneficial for sellers while a 5% 6% 8% 3% -1% 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 Inventory & MSI 0 200 200 400 340 320 300 280 260 240 220 200 -6% 8% 6% 8% 8% 10% 5% 4% 6% -1% 400 600 month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. $290,118 6,804 12% $347,621 10% 1% 82 600 800 The Median Sales Price in July was $300,000, up 9.1% from Prices $275,000 in July of 2016 and up 0.8% from $297,500 last The Median Sales Price Sales in July Price was $300,000, 9.1% from month. The Average in July was up $371,917, up 22.7% 400 $275,000 in July of and up 0.8% from $297,500 last from $303,039 in 2016 July of 2016 and up 5.5% from $352,383 last 380 month. Average Sales was Price was $371,917, up 22.7% month. The July 2017 ASP at in the July highest level compared to July 360 from $303,039 in July of 2016 and up 5.5% from $352,383 last of 2016 and 2015. Trending versus*: Prior YTD 12% Prior Year 8% 12% YTD $290,118 16% $347,621 10% 8% Number of Properties Sold 2015. July YTD sales of 6,804 are running 5.6% behind last year's year-to-date sales of 7,210. Trending versus*: Prior YTD Prior Year YTD 14% $218 10% 8% 8% 8.5 4% 3% Number of 94.0% Properties -1.0% -1% Sold -1% City: Miami July 2017 10.0 8.0 6.0 4.0 2.0 0.0 Data provided courtesy of Miami Association of REALTORS, Florida MLS, R egional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater d Greater w Fort e l Fort l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin 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.