Market Action Report May 2018
COCONUT
City : Coconut Grove
GROVE Title
Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Market Time 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 104 , down 37.0 % from 165 days last month and down 30.2 % from 149 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .
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 May 2018 Selling Price vs Original List Price of 90.7 % was up from 89.0 % last month and up from 88.1 % in May of last year .
350 300 250 200 150 100 50
400 300
Agent Name Phone Website Other Days On Market for Sold Properties
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 |
15 |
|
|
|
16 |
|
|
|
|
17 |
|
|
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|
18 |
|
Selling Price per Square Foot |
Selling Price per Square Foot |
3 Mo Avg |
The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and |
1,100 |
|
|
Average Sales price can be impacted by the ' mix ' of high or low |
1,000 |
|
|
end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . |
900 |
|
|
The May 2018 Selling Price per Square Foot of $ 659 was up |
800 |
|
|
43.1 % from $ 461 last month and up 5.4 % from 626 in May of last year . |
700
600
|
626 |
659 |
500 |
480 |
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
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
|
120 |
shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings |
100 |
in May 2018 was 10 , up 25.0 % from 8 last month and down
47.4 % from 19 in May of last year .
|
80 |
60 40 20
196
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 |
|
|
16 |
|
|
|
17 |
|
|
|
18 |
|
Selling Price versus Listing Price Ratio
81.7 %
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 |
|
|
16 |
|
|
|
17 |
|
|
|
18 |
|
Inventory / New Listings / Sales |
79 84 81
89 96 100
90
Avg Selling Price divided by Avg Listing Price for sold properties during the month
91 91 92
83 79 83 82 79 84 89
96
88
149
88.1 %
91 96 94 93 95 94 92 91
81 82 78 82 86
3 Mo Avg
3 Mo Avg
91 92 89
104
90.7 %
79
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 |
15 |
|
|
|
16 |
|
|
|
|
17 |
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|
18 |
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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 .
TORS , 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 estat
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