FL ARCHIVED March 2018 | Page 100
Market Action Report
March 2018
Miami-Dade
County
Market Action Report
County: Miami-Dade
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$469,990
3%
9%
Other
$1,069,376 Trending
2% versus*: 7%
Month
LM 5%
L3M 3%
PYM 9%
LY
$310,000
$469,990
3% -2% 3%
9% 6%
$495,688
$1,069,376
2% -2%
7% -4%
20,801
$310,000 2,062
5% 28%
3% 9% -17%
7%
$495,688 -2%
3%
6%
11%
92 -12% -3% 1%
20,801 -2%
-4%
$331 -4% -5% -1%
2,062 28%
-17%
$250 -2% 1% 6%
92 -12% -3% 1% 1%
10.1 -23% -16% 16%
$331 -4% -5% -1% 0%
93.0% .5% .2% -.1%
Trending versus*:
Prior YTD 7%
Prior Year 3%
7% YTD
$300,000
11%
$488,865
8%
10%
$300,000 5,339
7%
$488,865
8%
1%
96
0%
6%
-6%
-.2%
-10% 3%
3% 10%
$345
5%
4%
6%
12%
-1%
3%
5,339 -10%
March Sold Price per Square Foot
$250
7%
March Average Days on Market (Solds)
96
3%
5%
March Month's Supply of Inventory
11.9
7%
Asking Price per Square Foot (based on New Listings)
$345
3%
4%
March Sale Price vs List Price Ratio
92.7%
-0%
March Sold Price per Square Foot
$250
-2%
1%
6%
6%
$250
7%
6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
10.1 -23% -16% 16% -6%
11.9
7%
12%
of 92.7%
Properties
March Sale Price vs List Price Ratio
93.0% .5% .2% -.1% Number
-.2%
-0% Sold -1%
3 Mo Avg
1,000
2,518
2,320
1,917
1,896
600
Median Sales Price and Average Sales Price
550
3 Mo Avg
93.9%
94%
94%
93.1%
93.0%
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
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
A comparatively lower MSI is more beneficial for sellers while a 18,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 18,000
MSI is better
for buyers.
March for
2018
MSI
of 10.1
17,000
higher
MSI
is better
for buyers.
March 2018
of 10.1
months
was
at its highest
level The
compared
with MSI
March
of 2017 17,000
months
was
at
its
highest
level
compared
with
March
of
2017
16,000
and 2016.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
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
18
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
15
16
17
15
16
17
18
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
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
15,000
20,000
25,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 4,511, up 1.4% from 4,449 last month and
down 13.2% from 5,197 in March of last year.
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
18
19,000
.
95%
91%
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
22,000
was Total
20,801,
down of
1.9%
from 21,203
last for
month
and
The
Inventory
Properties
available
sale as
of down
March 3.6%
22,000
from
21,571 down
in March
of last
year. last
March
2018
was at
was
20,801,
1.9% from
21,203
month
and Inventory
down 3.6%
21,000
from
21,571 level
in March
of last with
year. March
March of
2018
Inventory
was at 21,000
its lowest
compared
2017
and 2016.
20,000
its lowest level compared with March of 2017 and 2016.
100 | c
95%
92%
16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M
15
16
17
18
16,000
96%
92%
250 200
and 2016.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93%
450
19,000
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 93.0% was up from 92.5% last month and down
from 93.1% in March of last year.
500
20,000
250
236
236
93%
350 300
300 250
Inventory & MSI
3 Mo Avg
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
15
16
17
18
450 400
400 350
200
Selling Price per Square Foot
300
290
280
270
260
250
240
230
220
210
200
$504,582 last month. March 2018 ASP was at the highest level
compared to March of 2017 and 2016.
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
15
16
17
18
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
15
16
17
18
Prices
The Median Sales Price in March was $310,000, up 8.8% from
Prices
$285,000 in March of 2017 and up 5.1% from $295,000 last
The
Median
Sales
Price Sales
in March
was
8.8% from up
month.
The
Average
Price
in $310,000,
March was up $495,688,
600
$285,000
in $466,218
March of 2017
and up
$295,000
6.3% from
in March
of 5.1%
2017 from
and down
1.8% last
from
550
month.
The last
Average
Sales
Price 2018
in March
up level
$504,582
month.
March
ASP was
was $495,688,
at the highest
6.3%
from $466,218
2017
and down 1.8% from
compared
to March in of March
2017 of
and
2016.
500
0
1,500
0
40
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $250 was down
2.1% from $255 last month and up 5.6% from 236 in March of
last year.
1,500
500
60
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
15
16
17
18
2,000
1,000 500
80
March 2018 sales were at their lowest level compared to March
of 2017 and 2016. March YTD sales of 5,339 are running 10.0%
behind last year's year-to-date sales of 5,929.
92
91
83
0
3 Mo Avg
Number of Properties Sold
100
20
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
3,000
March Property sales were 2,062, down 16.7% from 2,475 in
March of 2017 and 27.5% higher than the 1,617 sales last month. 2,500
Property
Sales
March 2018
sales were at their lowest level compared to March 3,000
March
Property
sales March
were 2,062,
down of
16.7%
from
in 10.0%
of 2017
and 2016.
YTD sales
5,339
are 2,475
running
March
of last
2017 year's
and 27.5%
higher than
sales last month. 2,500 2,000
behind
year-to-date
sales the
of 1,617
5,929.
3 Mo Avg
120
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 92, down 11.5% from
104 days last month and up 1.1% from 91 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Days On Market for Sold Properties
Market Time
March Average Sales Price
Trending versus*:
Prior YTD Prior Year
YTD
March
Sales
Price
March Median
Number
of Properties
Sold
Community Information | School District
Price Range: All | Properties: SFH - Con
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Title
Phone
Website
Other
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
March 2018
Miami-Dade County
County: Miami-Dade
March 2018
County: Miami-Dade Community Information | School District
Market Action Report
10,000
5,000
0
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
.
| 101
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
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
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
c Coast
l
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
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 REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
Association
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant real
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buy er
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.