FL ARCHIVED May 2018 | Page 100

Market Action Report
May 2018
County: Miami-Dade
MIAMI-DADE
COUNTY
Market
Action Report
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other -0%
$1,899,999
-3%
County: Miami-Dade
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
YTD
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 May was 169, down 8.6% from 185
days last month and down 4.0% from 176 days in May of last
year. The May 2018 DOM was at a mid level compared with May
of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The May 2018 MSI of 24.2
months was at its lowest level compared with May of 2017 and
2016.
169
139
150
100
Number of Properties Sold
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
800
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 750
more normalized indicator on the direction of Property values.
The May 2018 Selling Price per Square Foot of $711 was up 5.6% 700
from $673 last month and up 3.5% from 687 in May of last year.
3 Mo Avg
711
687
642
650
200
100
600
550
101
150
50
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Median Sales Price and Average Sales Price
Median Sales Price and Average Sales Price
2,400
3,000
2,200
2,800
3 Mo Avg
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 May 2018 Selling Price vs Original List
Price of 85.9% was down from 87.0% last month and down from
86.8% in May of last year.
2,000
86.8%
85.9%
86%
82%
80%
78%
30.0
50.0
20.0
40.0
10.0
30.0
0.0
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1,000
0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
20.0
10.0
0.0
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Total Inventory & Month's Supply of Inventory (MSI)
Inventory / New Listings / Sales
Inventory / New Listings / Sales
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 May 2018 was 676, up 9.4% from 618 last month and up
10.3% from 613 in May of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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 50.0
A M
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16
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40.0
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3,000
5,000
2,000
4,000
1,000
3,000
0
88.9%
88%
4,000
90%
5,000
92%
1,400
94%
84%
2,000
2,600
1,800
2,400
1,600
2,200
1,400
2,000
1,600
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,600
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
3 Mo Avg
0
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The Total Inventory of Properties available for sale as of May
was 4,570, up 1.1% from 4,521 last month and up 6.6% from
4,287
in May of last
year.
May
2018 beneficial
Inventory for
was sellers
at its while
highest
A comparatively
lower
MSI
is more
a
level
compared
with May
of 2017 The
and May
2016. 2018 MSI of 24.2
higher
MSI is better
for buyers.
months was at its lowest level compared with May of 2017 and
2016.
176
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Inventory & MSI
200
0
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
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16
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Inventory & MSI
3 Mo Avg
250
50
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The Total Inventory of Properties available for sale as of May
was 4,570, up 1.1% from 4,521 last month and up 6.6% from
4,287 in May of last year. May 2018 Inventory was at its highest
level compared with May of 2017 and 2016.
Title
Phone
Website
Other
Days On Market for Sold Properties
250
150
100
0
Prices
Agent Name
Market Time
* LM=Last
Month / L3M=Last
Months 189,
/ PYM=Same
Month Prior
Year
/ LY=Last
Year of
(2017)
/ YTD = Year-to-date
May Property
sales 3 were
up 21.2%
from
156
in May
2017
The Median Sales Price in May was $1,850,000, up 8.5% from
$1,705,000 in May of 2017 and up 14.6% from $1,614,250 last
month. The Average Sales Price in May was $2,781,822, up
13.5% from $2,451,619 in May of 2017 and up 15.1% from
Prices
$2,417,484 last month. May 2018 ASP was at the highest level
The Median Sales Price in May was $1,850,000, up 8.5% from
compared to May of 2017 and 2016.
$1,705,000 in May of 2017 and up 14.6% from $1,614,250 last
month. The Average Sales Price in May was $2,781,822, up
13.5% from $2,451,619 in May of 2017 and up 15.1% from
$2,417,484 last month. May 2018 ASP was at the highest level
compared to May of 2017 and 2016.
County: Miami-Dade
MIAMI-DADE
COUNTY
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
versus*:
Trending versus*:
$3,243,233 -2% Trending -3%
Month 15%
LM 9%
L3M PYM
LY $1,673,000
YTD
Prior
$1,850,000
9% 17%
3% YTD Prior
6% Year
$1,899,999 15%
-0% 9% 13%
-3% 20% $2,484,420
$2,781,822
2%
7%
Average
List Price Currently
of all Current
Listings
$3,243,233
-2%
-3%
Total Properties
for Sale
(Inventory)
4,570 1%
7%
May
Sales
Price
$1,850,000
15% 9% 21%
9% 17% $1,673,000
3%
6%
May Median
Number
of Properties
Sold
189 11%
803
15%
May
Average
Sales
Price
$2,781,822
15%
9%
13%
20%
$2,484,420
2%
7%
May Average Days on Market (Solds)
169 -9% -6% -4% -2%
177
-1%
3%
Total
Properties
Currently
for
Sale
(Inventory)
4,570
1%
7%
Asking Price per Square Foot (based on New Listings)
$799 2% 3% 2% -1%
$790
-2%
-2%
May
of Properties
189 11%
21% 9%
803 1%
15%
May Number
Sold Price
per Square Sold
Foot
$711
6% 3% 4%
$683
4%
May
on of
Market
(Solds)
169 -9%
-9% -9%
-6% -12%
-4% -28%
-2%
177 -11%
-1%
3%
May Average
Month's Days
Supply
Inventory
24.2
28.3
-16%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$799 -1.3%
2% -.5%
3% -1.0%
2% -.2%
-1%
$790
-2%
-2%
May Sale
Price
List Price
85.9%
86.1%
0%
0%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
$711 6% 3% 4% 9%
$683
1%
4%
May Month's Supply of Inventory
24.2 -9% -9% -12%
-28%
28.3 Sold -11%
-16%
Number
of Properties
May
Sale Price
vs List Price Ratio
85.9% -1.3% -.5% -1.0% -.2%
86.1%
0%
0%
Property
Sales
250
200
May 2018
Community Information | School District
Average List Price of all Current Listings
Market
Profile
& Price
Trends Overview
May Median
Sales
Median
List Price
of Price
all Current Listings
May Average
Sales
and 10.5% higher than the 171 sales last month. May 2018 sales
were at their highest level compared to May of 2017 and 2016.
May YTD sales
of 803 are running 15.2% ahead of last year's
Property
Sales
year-to-date
697. 189, up 21.2% from 156 in May of 2017
May
Property sales
sales of
were
and 10.5% higher than the 171 sales last month. May 2018 sales
were at their highest level compared to May of 2017 and 2016.
May YTD sales of 803 are running 15.2% ahead of last year's
year-to-date sales of 697.
Market Action Report
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REALT
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.
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
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, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real esta
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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.
100 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury ® | 101
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, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all releva