FL ARCHIVED September 2017 | Page 106

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

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
$ 1,053,000
5 %
17 %
Average List Price of all Current Listings
$ 2,068,635
1 %
13 %
September Median Sales Price
$ 575,000
-16% -20%
-7%
-14%
$ 687,358
6 %
3 %
September Average Sales Price
$ 986,682
7 %
3 %
-4%
-9%
$ 1,024,781
-8%
-6%
Total Properties Currently for Sale ( Inventory )
561
-4%
-10%
September Number of Properties Sold
33 -55%
-44%
588
-6%
September Average Days on Market ( Solds )
90
6 %
-7%
-4%
-2%
98
7 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 499
2 %
6 %
19 %
15 %
$ 459
6 %
6 %
September Sold Price per Square Foot
$ 399
7 %
4 %
5 %
5 %
$ 379
-1%
-1%
September Month ' s Supply of Inventory
17.0
112 % 47 %
61 %
86 %
9.8
12 %
8 %
September Sale Price vs List Price Ratio
92.6 %
1.6 % 1.5 %
. 5 %
. 5 %
91.4 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
September Property sales were 33 , down 44.1 % from 59 in
September of 2016 and 54.8 % lower than the 73 sales last
Property month . September Sales 2017 sales were at their lowest level
100
90
80
September compared Property to September sales were of 2016 33 , down and 2015 44.1 .% September from 59 in YTD
September sales of 588 of 2016 are running and 54.85.8 % lower % behind than last the year 73 sales ' s year-to-date last month sales . of September 624 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
90
80
70
70
60
50
sales of 588 are running 5.8 % behind last year ' s year-to-date
60
40
sales of 624 .
50
30
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

40 20
Number of Properties Sold
30 10
20 0
10 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 $ 575,000 , down 7.4 % 1,400
Prices from $ 620,800 in September of 2016 and down 15.7 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 682,400 Median last Sales month Price . in The September Average was Sales $ 575,000 Price in , down September 7.4 % 1,300
1,400 from was $ 620,800 986,682 in , down September 3.7 % from of 2016 $ 1,024,487 and down in 15.7 September % from of 1,200 $ 682,400 last month . The Average Sales Price in 1,300
2016 and up 7.2 % from $ 920,118 last month . September 2017 1,100 was ASP $ 986,682 was at the , down lowest 3.7 % level from compared $ 1,024,487 to September in of of 2016 and 1,200
1,000 2016 2015 and . up 7.2 % from $ 920,118 last month . September 2017 1,100 ASP was at the lowest level compared to September of 2016 and 900
1,000 2015 .
800 900
700
800 700
600
600 500 500
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
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The September Total Inventory was 561 of , down Properties 4.1 % available from 585 for last sale month as of and down
700 September 10.0 % from was 623 561 in , down September 4.1 % from of last 585 year last . month September and down 2017 700 600
18.0
10.0 Inventory % from was 623 in at September a mid level of compared last year . with September September 2017 of 201600 16.0
500 Inventory and 2015 was . at a mid level compared with September of 2016
14.0 500 and 2015 .
400 12.0
400 300
10.0
A comparatively lower MSI is more beneficial for sellers while 300 a 8.0
200 A comparatively lower MSI is more beneficial for sellers while a
6.0 higher MSI is better for buyers . The September 2017 MSI of 200 higher MSI is better for buyers . The September 2017 MSI of 100
4.0
17.0 months was at its highest level compared with September 100 17.0 months was at its highest level compared with September
2.0 of 2016 and 2015 .
0 of 2016 and 2015 . 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 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
14 15 16
17
80 50 66 57 50 63 84 88 93 79 62 74 60 47 60 55 55 82 63 74 88 80 68 59 46 67 69 48 62 73 69 78 91 61 73 33
543 539
80 543
50 539
66 502
502 536 547
57 536
50 547
527 533
63 527
518 505
84
533 88
518
506 509
93
505 506
79 509
62
511 527 506
511
Number of Properties Sold
74 527
60
487 533
506 47
566 487 589
60 533
55 566
612 613
55 589
82 612
63 613
611 603 604
74 611
88 603
623 611
80 604
68 623
597 578
59 611
594 602
46 597
67 578
69
594
623 603 607
48
602 623
62
604 594
603 73
3 Mo Avg
607 69
585 561
604 78
594 91 585
3 Mo Avg
61
561 73 33
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 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
106 | 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 .