FL ARCHIVED March 2018 | Page 210

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

City : Coral Gables 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
$ 999,999
1 %
10 %
Average List Price of all Current Listings
$ 2,177,874
4 %
18 %
March Median Sales Price
$ 829,575
20 %
4 %
29 %
19 %
$ 800,000
19 %
14 %
March Average Sales Price
$ 1,119,518
-9%
-2% -16%
10 %
$ 1,198,991
5 %
18 %
Total Properties Currently for Sale ( Inventory )
623
1 %
-1%
March Number of Properties Sold
46
-6%
-37%
145
-21%
March Average Days on Market ( Solds )
92 -34% -23% 31 %
-10%
114
20 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 428
-4%
0 %
2 %
4 %
$ 429
6 %
5 %
March Sold Price per Square Foot
$ 376
-3%
-4%
7 %
6 %
$ 392
12 %
10 %
March Month ' s Supply of Inventory
13.5
8 %
7 %
56 %
36 %
12.6
22 %
26 %
March Sale Price vs List Price Ratio
91.5 %
-. 2 % -. 1 % -2.5%
. 3 %
91.4 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
100
March Property sales were 46 , down 37.0 % from 73 in March of
2017 and 6.1 % lower than the 49 sales last month . March 2018
90
Property sales were Sales at their lowest level compared to March of 2017 and
100
80
March
2016 . Property March YTD sales sales were of 46145 , down are 37.0 running % from 20.8 73 % in behind March of last
2017 year and ' s year-to-date 6.1 % lower than sales the of 183 49 sales . last month . March 2018 sales were at their lowest level compared to March of 2017 and
90
80
70
60
2016 . March YTD sales of 145 are running 20.8 % behind last
70
50
year ' s year-to-date sales of 183 .
60
40
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

50 30
Number of Properties Sold
84 88 93 80 62 74 60 47 60 55 55 82 63 74 88 80 67 59 46 67 69 48 62 73 70 78 91 61 74 37 53 54 62 50 49 46
534
84 88 93 80 62 74 60 47 60
520
509 534
509 520
512 509
512 509
522 512
512 512
489 522 534
512 567 489
55 55
Number of Properties Sold
40
20
30
10
20
0
10
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
A
M J
Prices
15
The Median Sales Price in March was $ 829,575 , up 28.9 % from
1,400
Prices
$ 643,750 in March of 2017 and up 20.4 % from $ 689,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 829,575 was , up $ 28.9 1,119,518 % from , down
1,300
1,400
$
15.6 643,750 % from in March $ 1,326,483 of 2017 in and March up 20.4 of 2017 % from and $ down 689,000 9.1 % last from
1,200 month . The Average Sales Price in March was $ 1,119,518 , down
1,300
$ 1,232,172 last month . March 2018 ASP was at a mid range
1,100
15.6 compared % from $ to 1,326,483 March of in 2017 March and of 2016 2017 . and down 9.1 % from
1,200
1,000
$ 1,232,172 last month . March 2018 ASP was at a mid range
1,100 compared to March of 2017 and 2016 .
900
1,000
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
900
800
800
700
700
600
600
500
500
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
15 J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 623 , Inventory up 1.3 % from of Properties 615 last available month and for down sale as 1.4 of % March from 632 was in March 623 , up of 1.3 last % from year . 615 March last month 2018 Inventory and down 1.4 was % at from a mid 632 level
700 in compared March of last with year March . March of 2017 2018 and Inventory 2016 . was at a mid level
600 compared with March of 2017 and 2016 .
500
700
600
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
14.0
12.0
18.0
16.0
14.0
12.0
10.0
400
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2018 sellers MSI while of 13.5 a
200 higher months MSI was is better at its highest for buyers level . The compared March 2018 with MSI March of 13.5 of 2017 months was at its highest level compared with March of 2017
100 and 2016 . and 2016 .
0
300
10.0
8.0
200
6.0
100
4.0
2.0
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
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
15
16
17
18
8.0
6.0
4.0
2.0
0.0
82 63 74 88 80 67 59 46 67
3 Mo Avg
590 534 614 567 615
590 614
614 605
615
606 626
614
613 605
600 606
580 626
598 613
606 600
632 580
618 598
624 606
625 632
620 618 613 624
598 625
606 620
566 613
543 598
587
606 615 566 623 543
69 48 62 73 70 78 91 61 74 37 53 54
587 62 615
3 Mo Avg
50
623 49 46
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
106 | 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 .