FL ARCHIVED July 2017 - Page 114

Market Action Report City: Miami Beach July 2017 Miami Beach Agent Name Title Phone Agent Name Website Title Other July 2017 City: Miami Beach 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 $579,000 0% 1% Other $1,725,747 Trending -0% versus*: -5% Month LM -21% L3M -14% PYM -13% LY $330,000 $579,000 0% -16% -9% 1% -18% $792,936 $1,725,747 3,260 -0% -1% -5% 3% $330,000 153 -21% -21% -14% -13% -4% -11% $792,936 132 -16% -5% -9% -6% -18% 12% -4% 3,260 -1% 3% $657 0% -2% -5% 153 -21% -4% $468 -22% -14% -14% 132 -5% -6% 12% 7% 21.3 25% 15% 7% $657 0% -2% -5% -9% 89.4% 1.2% .8% .0% 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 S old 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 $468 -22% -14% -14% 21.3 25% 15% 7% 89.4% 1.2% .8% .0% 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 350 July Property sales were 153, down 3.8% from 159 in July of 2016 and 20.7% lower than the 193 sales last month. July 2017 300 Property sales were Sales at their lowest level compared to July of 2016 and 350 July Property sales sales were of 153, down from 8.0% 159 in behind July of last 250 2015. July YTD 1,237 are 3.8% running 2016 and 20.7% lower sales than of the 193 sales last month. July 2017 300 year's year-to-date 1,344. 200 sales were at their lowest level compared to July of 2016 and 3 Mo Avg 3 Mo Avg Prices 14 The Median Sales Price in July was $330,000, down 13.2% from Prices $380,000 in July of 2016 and down 21.4% from $420,000 last 1,300 The Median Sales Price Sales in July Price was $330,000, 13.2% down from month. The Average in July was down $792,936, $380,000 in July of 2016 in and 21.4% from $420,000 last 18.3% from $970,595 July down of 2016 and down 15.9% from 1,300 1,100 month. The last Average Sales Price in July down $943,310 month. July 2017 ASP was was $792,936, at the lowest level 18.3% from $970,595 in July of 2016 and down 15.9% from compared to July of 2016 and 2015. 1,100 900 $943,310 last month. July 2017 ASP was at the lowest level 15 16 212 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 17 Median Sales Price and Average Sales Price 3 Mo Avg 900 700 700 500 300 Inventory & MSI 500 300 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 30.0 0 2015. The Total Inventory Inventory & MSI of Properties available for sale as of July was Total 3,260, down 1.3% from 3,303 last month and 3.3% from 4,000 The Inventory of Properties available for sale as up of July 4,000 3,500 3,156 in July of 1.3% last year. July 2017 Inventory was 3.3% at its highest was 3,260, down from 3,303 last month and up from 3,156 July of last year. July level in compared with July of 2017 2016 Inventory and 2015. was at its highest 3,500 3,000 level compared with July of 2016 and 2015. 3,000 2,500 2,500 2,000 2,000 1,500 A comparatively lower MSI is more beneficial for sellers while 1,500 a A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 21.3 a 1,000 1,000 higher MSI is better for buyers. July 2017 MSI July of 21.3 500 months was at its highest level The compared with of 2016 and 500 months 0 2015. was at its highest level compared with July of 2016 and 20.0 15.0 10.0 5.0 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 . 25.0 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 14 15 16 17 14 114 | c 196 0 50 50 100 compared to July of 2016 and 2015. 17% -5% -1% 4% -2% 100 150 -9% $689 1,237 -8% -15% $551 144 22% 14% 19.5 $689 -7% -.7% 88.6% -8% 0% 22% 10% -7% -2% 17% 16% -5% -2% 150 200 250 $370,000 1,237 -4% $904,606 6% 7% 144 Number of Properties Sold 2015. July YTD sales of 1,237 are running 8.0% behind last year's year-to-date sales of 1,344. Trending versus*: Prior YTD -4% Prior Year 0% -11% YTD $370,000 -4% $904,606 6% 10% -15% $551 -2% -1% 14% 19.5 16% 4% Number of 88.6% Properties -.7% -2% Sold -2% * 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 Trending versus*: Prior YTD Prior Year YTD Market Action Report 17 Data provided courtesy of 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 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.