FL ARCHIVED March 2018 | Page 206

Market Action Report March 2018
Community Information | School District
Market Action Report March 2018

City : Coconut Grove Price Range : All | Properties : SFH - Con

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,700,000
14 %
-12%
Average List Price of all Current Listings
$ 2,341,320
6 %
-11%
March Median Sales Price
$ 810,000
7 %
-8%
-7%
-32%
$ 765,000
-41%
-36%
March Average Sales Price
$ 1,032,206
-16% -24% -28% -37%
$ 1,084,761
-30%
-34%
Total Properties Currently for Sale ( Inventory )
125
-4%
-13%
March Number of Properties Sold
17
113 %
89 %
31
35 %
March Average Days on Market ( Solds )
151
-6%
3 %
20 %
6 %
147
-13%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 677
14 %
15 %
39 %
20 %
$ 624
8 %
10 %
March Sold Price per Square Foot
$ 425
5 %
-5% -14% -11%
$ 414
-11%
-14%
March Month ' s Supply of Inventory
7.4 -55% -51% -54% -58%
15.0
-24%
-15%
March Sale Price vs List Price Ratio
90.2 %
7.4 % 2.7 %
. 2 %
1.8 %
88.3 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales March Property sales were 17 , up 88.9 % from 9 in March of 2017 and 112.5 % higher than the 8 sales last month . March Property 2018 sales Sales were at their highest level compared to March of 30
March 2017 and Property 2016 sales . March were YTD 17 , up sales 88.9 of % 31 from are 9 running March 34.8 of % ahead 2017 of last and year 112.5
' s
% year-to-date higher than sales the 8 of sales
23 . last month . March
25
2018 sales were at their highest level compared to March of 2017 and 2016 . March YTD sales of 31 are running 34.8 % ahead
20 of last year ' s year-to-date sales of 23 .
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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
0
15
16
17
18
Prices
The Median Sales Price in March was $ 810,000 , down 7.4 %
Prices from $ 875,000 in March of 2017 and up 7.3 % from $ 755,000
The last Median month Sales . The Price Average in March Sales was Price $ 810,000 in March , down was $ 7.4 1,032,206 % ,
A
M J
15
2,400
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
Median Sales Price and Average Sales Price
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from down $ 875,000 27.5 % from in March $ 1,424,111 of 2017 in and March up 7.3 of % 2017 from and $ 755,000 down 15.9 %
last from month $ 1,226,875 . The Average last month Sales . Price March in March 2018 ASP was $ was 1,032,206 at a mid , down range 27.5 compared % from $ to 1,424,111 March of in March 2017 and of 2017 2016 and . down 15.9 % from $ 1,226,875 last month . March 2018 ASP was at a mid range compared to March of 2017 and 2016 .
2,400
1,900
1,900
1,400
Inventory & MSI
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 125 , Inventory down 3.8 % of from Properties 130 last available month for and sale down as of 13.2 March % from was 144125 in , March down 3.8 of % last from year 130 . March last month 2018 and Inventory down 13.2 was % at from its
200
200
144 lowest in March level of compared last year . with March March 2018 of Inventory 2017 and was 2016 at . its
150
lowest level compared with March of 2017 and 2016 .
150
100
100 A comparatively lower MSI is more beneficial for sellers while a A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
March for 2018 sellers MSI while of 7.4 a 50 higher MSI is better for buyers . The March 2018 MSI of 7.4
50 months was at its lowest level compared with March of 2017 and months was at its lowest level compared with March of 2017 and 2016 .
0 2016 .
0
A M J J A S O N D J F M A M J
A M J J A S O N D J F M A M J 15
15 16
16
1,400
900
400
163
900
400
A 15
155 21
M
15 J
J
A S O N D
J
16
151 15
153 28 21 15 11 20 15
21 15 28 21 15 11 20 15 16 7
16
16 11 12 12 24 16 9 11 7 13
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
17
18
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
158 151
162 153
165 158
172 162
155 165 174
172
167 155
7
171 155
16
153 11 12 12 24 16 9 11 7
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
F M
18
163 155
174 167 171
9 6 8 9
157 155
153
153 143 142
157
141 153
147 143
142 142
149 141
148 147
144 142
138 149
141 148
139 144
136 138 143 141
136 139
136 136
129 143
129 136
128 136
130 129
125 129
0.0 J A S O N D J F M A M J J A S O N D J F M F M A M J J A S O N D J F M
17 18
18
J A S O N D J
17
13 9 6 8 9 19 15 11 5 6
19 15 11 5 6 8 9 5
8
10
9 5
6 8 17
10
30.0 25.0 20.0
128
15.0 10.0 5.0
130 6
125 8 17
30.0 25.0 20.0
15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
104 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .