FL ARCHIVED May 2018 | Page 208

Market Action Report May 2018

COCONUT

City : Coconut Grove

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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
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
18
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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