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.