FL ARCHIVED September 2017 | Page 104

Market Action Report September 2017
Community Information | School District
Market Action Report September 2017

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
$ 1,650,000
-8%
8 %
Average List Price of all Current Listings
$ 2,335,955
-5%
13 %
September Median Sales Price
$ 1,350,000
74 %
8 %
78 %
69 %
$ 1,235,000
61 %
54 %
September Average Sales Price
$ 3,005,800
161 % 70 % 203 % 179 %
$ 1,706,125
59 %
58 %
Total Properties Currently for Sale ( Inventory )
121
-6%
-14%
September Number of Properties Sold
7
17 %
-36%
86
-26%
September Average Days on Market ( Solds )
171
155 % 40 % 109 %
38 %
145
25 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 524
-19% -19% -15%
-8%
$ 630
18 %
11 %
September Sold Price per Square Foot
$ 539
21 %
17 %
11 %
26 %
$ 485
11 %
13 %
September Month ' s Supply of Inventory
17.3 -20% -19% 36 %
21 %
16.7
20 %
17 %
September Sale Price vs List Price Ratio
89.1 % -3.4%
. 6 % -3.9% 1.6 %
88.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales September Property sales were 7 , down 36.4 % from 11 in September of 2016 and 16.7 % higher than the 6 sales last Property month . September Sales 2017 sales were at their lowest level 30
September compared Property to September sales were of 2016 7 , down and 36.4 2015 %. from September 11 in YTD September sales of 86 of are 2016 running and 16.7
26.5 % higher
% behind than last the year 6 sales
' s year-to-date last 25 month sales . of September 117 .
2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
20 sales of 86 are running 26.5 % behind last year ' s year-to-date sales of 117 .
15
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
5 0 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in September was $ 1,350,000 , up 77.6 %
Prices from $ 760,000 in September of 2016 and up 74.2 % from 2,900 Median Sales Price and Average Sales Price
3 Mo Avg
The $ 775,000 Median last Sales month Price . in The September Average was Sales $ 1,350,000 Price in September
, up 77.6 % from was $ 760,000 3,005,800 in , September up 202.7 % of from 2016 $ and 993,136 up 74.2 in % September from of 2,9002,400 $ 2016 775,000 and last up month 160.7 %. The from Average $ 1,153,133 Sales last Price month in September . September was 2017 $ 3,005,800 ASP was , at up the 202.7 highest % from level $ 993,136 compared in September to September of of 2,4001,900 2016 2016 and and up 2015 160.7 . % from $ 1,153,133 last month . September 2017 ASP was at the highest level compared to September of 1,900 2016 and 2015 .
1,400 1,400
900 400
400
900
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
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 121 of , down Properties 6.2 % available from 129 for last sale month as of and down
September
13.6 % from was 140 121 in , down September 6.2 % from of last 129 year last . month September and down 2017
250
13.6
Inventory % from 140 was in at September its lowest level of last compared year . September with September 2017 of
200
Inventory
2016 and was 2015 at . its lowest level compared with September of
2016 and 2015 .
150
250
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
35.0
30.0
25.0
20.0
A comparatively lower MSI is more beneficial for sellers while
100 a
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
September for sellers
2017 while MSI a of higher
17.3 months MSI is better was at for its buyers highest
. The level
September compared
2017 with
MSI September of of
50
17.3 months was at its highest level compared with September of
2016 and 2015 .
2016 and 2015 .
0
100
15.0
50
10.0
5.0
0
0.0
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 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
14
15
16
17
14
15
16
17
191 186
16
191 19 20
183 183 179 20 16
181
162 21 21
154 150
15
152
157 28 21 15
161 169 169 11 20
154 173
15
16 19 20 20 16 21 21 15 28 21 15 11 20 15 15 6
15
166 170
6 16
154 152
11 12
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
14
15
16
17
186 183 183 179 181 162 154 150 152 157 161 169 169
154 173 166 170 154 152
155 151 141
12 155
24
16 11 12 12 24 16 9 11 151
140 139
16 7 141
9 13 140
146 141
11 139
7 146
147 145
13 141
9 147
139 132 133
9 6 8 9
6 145
8
139
130 127
9
132 133
19
129 121
130 15
127 11
19 15 11 5 6 7
129 5
121 6 7
35.0 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
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 Assoc
104 | c o l d w e l l b a n k e r h o m e s . c o m 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 .