FL ARCHIVED June 2017 | Page 114
Market Action Report
City: Miami Beach
June 2017
Miami Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
June 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
Trending versus*:
Prior YTD Prior Year
YTD
$579,000
2%
-1%
Other
$1,721,690 Trending
-2% versus*:
-7%
Trending versus*:
Month
LM 16%
L3M 10%
PYM 2%
LY 15% YTD
Prior YTD -3%
Prior Year
$425,000
$375,000
$579,000
2% 16% 12%
-1% -8% 19%
$978,255
$925,360
10%
$1,721,690 3,286
-2% -2% -7% 4%
$425,000 180
16% -8%
10% 2% -14%
15%
$375,000 1,069
-3% -10% 1%
$978,255 139
16% -7%
12% -4%
-8% 11%
19% 13%
$925,360
10%
146
25% 12%
3,286 -2%
4%
$647 -8% -5% -11% -11%
$693
-7%
180 -8%
-14%
1,069 -10%
$613 13% 10% 5% 11%
$562
0%
139 -7% -4% 11% 13%
146
25%
19%
18.3 7% 3% 22% -2%
19.4
19%
$647 -8% -5% -11% -11%
$693
-7%
-4%
88.3% -.7% -.2% -1.6% -2.0%
88.5%
-2%
Average List P rice of all Current Listings
Market
Profile
& Trends
June Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
June Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
June
Sales
Price
June Median
Number
of Properties
Sold
June Average Sales Price
June Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
June Number of Properties Sold
June Sold Price per Square Foot
June Average Days on Market (Solds)
June Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
June Sale Price vs List Price Ratio
June Sold Price per Square Foot
1%
12%
19%
-4%
1%
4%
-2%
$613 13% 10% 5% 11%
$562
0%
1%
18.3 7% 3% 22% -2%
19.4
19%
4%
Number of 88.5%
Properties
88.3% -.7% -.2% -1.6% -2.0%
-2% Sold -2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
June Month's Supply of Inventory
June 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
June Property sales were 180, down 14.3% from 210 in June of
2016 and 8.2% lower than the 196 sales last month. June 2017
300
Property
sales were Sales
at their lowest level compared to June of 2016 and 350
June
Property
sales sales
were of
180,
down
from 9.8%
210 in
June of
250
2015.
June YTD
1,069
are 14.3%
running
behind
last
2016
and
8.2% lower sales
than the
196 sales last month. June 2017
300
year's
year-to-date
of 1,185.
200
sales were at their lowest level compared to June of 2016 and
Prices
14
The Median Sales Price in June was $425,000, up 2.4% from
Prices
$415,000 in June of 2016 and up 16.4% from $365,000 last
1,300
The
Median
Sales
Price Sales
in June
was in
$425,000,
2.4% from down
month.
The
Average
Price
June was up
$978,255,
$415,000
in June
of 2016 in and
up of
16.4%
8.5% from
$1,068,837
June
2016 from
and $365,000
up 15.8% last
from
1,300 1,100
month.
The last
Average
Sales
Price
in June
down
$844,825
month.
June
2017
ASP was
was $978,255,
at a mid range
8.5%
from
$1,068,837
in
June
of
2016
and
up
15.8%
from
compared to June of 2016 and 2015.
1,100 900
$844,825 last month. June 2017 ASP was at a mid range
203
16
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
900 700
500
300
Inventory & MSI
500
300
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
15 A M J J A S O N D J F M 16
J A 14
S O N D J F M
A M J J A S O N D J F M A 17 M 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
The Total Inventory
Inventory
& MSI of Properties available for sale as of June
4,000
was Total
3,286,
down 2.1%
from 3,357
last month
and
The
Inventory
of Properties
available
for sale
as up
of 4.3%
June from
4,000 3,500
3,150
in June
last from
year. 3,357
June last
2017
Inventory
at from
its
was
3,286,
down of 2.1%
month
and up was
4.3%
3,500 3,000
3,150
in June
last year. with
June June
2017 of
Inventory
was
at its
highest
level of compared
2016 and
2015.
highest level compared with June 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
1,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
a
MSI is better
for buyers.
June 2017
MSI while
of 18.3
1,000
higher
MSI
is better
for buyers.
June 2017
MSI
of 18.3
500
months
was
at its highest
level The
compared
with
June
of 2016 and
500
months
0
2015. was at its highest level compared with June of 2016 and
700
0
2015.
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
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 A S O N D J F M A M J
14
15
16
17
14
114 | c
213
15
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
14
15
16
17
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
Median Sales Price and Average Sales Price
0
compared to June of 2016 and 2015.
0
50
50
100
100
150
3 Mo Avg
150
200
250
Number of Properties Sold
2015. June YTD sales of 1,069 are running 9.8% behind last
year's year-to-date sales of 1,185.
3 Mo Avg
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.