FL ARCHIVED September 2017 | Page 112

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

City : Miami Beach

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
$ 569,000
2 %
-3%
Average List Price of all Current Listings
$ 1,731,953
1 %
-1%
September Median Sales Price
$ 385,000
7 %
3 %
10 %
4 %
$ 366,000
-4%
-1%
September Average Sales Price
$ 772,632
11 %
-4%
-7%
-6%
$ 870,764
2 %
6 %
Total Properties Currently for Sale ( Inventory )
3,194
-3%
1 %
September Number of Properties Sold
93 -38%
-44%
1,497
-10%
September Average Days on Market ( Solds )
159
15 %
14 %
17 %
29 %
144
21 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 709
2 %
5 %
2 %
-2%
$ 688
-6%
-5%
September Sold Price per Square Foot
$ 512
10 %
-1%
-1%
-8%
$ 539
-3%
-3%
September Month ' s Supply of Inventory
34.3
58 %
35 %
82 %
84 %
21.2
22 %
14 %
September Sale Price vs List Price Ratio
87.4 %
-. 7 % -1.1% -4.0% -3.0%
88.4 %
-2%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
September Property sales were 93 , down 44.3 % from 167 in
September of 2016 and 38.4 % lower than the 151 sales last
300
Property month . September Sales 2017 sales were at their lowest level
September compared Property to September sales were of 2016 93 , down and 2015 44.3 .% September from 167 in YTD
350
250
September sales of 1,497 of 2016 are and running 38.4 % 10.2 lower % behind than the last 151 year sales ' s year-to-date last
300 month sales . of September 1,667 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
250 sales of 1,497 are running 10.2 % behind last year ' s year-to-date sales of 1,667 .
200
200
150
100
150
50
100
Prices
The Median Sales Price in September was $ 385,000 , up 10.0 %
Prices from $ 350,000 in September of 2016 and up 6.9 % from
The
$ 360,000 Median last Sales month Price . in The September Average was Sales $ 385,000 Price in , up September 10.0 %
1,300
from was $ 350,000 772,632 , in down September 7.4 % from of 2016 $ 834,633 and up in 6.9 September % from of 2016
1,3001,100
$ and 360,000 up 10.5 last % month from . $ The 699,003 Average last Sales month Price . September in 2017 ASP
was was $ 772,632 at the lowest , down level 7.4 % compared from $ 834,633 to September in September of 2016 of 2016 and and
2015 up . 10.5 % from $ 699,003 last month . September 2017 ASP
1,100
900
was at the lowest level compared to September of 2016 and
2015 .
900
700
Agent Name

Miami Beach Title

Phone Website Other

Community Information | School District

50 0
0
Number of Properties Sold
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
J
F M A M J
15
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
16
17
J
A S
3 Mo Avg
Median Sales Price and Average Sales Price
229 180 223 208 176 241 288 250 242 227 187 213 196 159 193 150 203 212 215 195 210 159 156 167 139 140 162 156 147 200 192 197 197 164 151 93
O N D 14
700
500
229 180 223 208 176 241
500
300
300
O
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
14
15
16
17
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
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 3,194 of Properties , down 2.8 available % from 3,287 for sale last month of and up
4,000
September
1.3 % from was 3,153 3,194 in , September down 2.8 % of from last 3,287 year . last September month and 2017 up
4,0003,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
40.0
1.3
Inventory % from 3,153 was in at September its highest of level last compared year . September with September 2017 of
3,5003,000
35.0
Inventory
2016 and was 2015 at . its highest level compared with September of
3,0002,500
30.0
2016 and 2015 .
2,5002,000
25.0
2,0001,500
20.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
15.0
A comparatively lower MSI is more beneficial for sellers while a
1,000 higher MSI is better for buyers . The September 2017 MSI of
1,000
10.0 higher
34.3 months MSI is better was at for its buyers highest . The level September compared 2017 with MSI September of
500
34.3 months was at its highest level compared with September
500
5.0 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
288 250 242 227 187
2,607 2,650 2,508 2,639 2,665 2,707 2,653 2,549 2,512 2,543 2,502 2,533 2,687 2,801 2,861
Number of Properties Sold
213 196
2,607 2,650 2,508 2,639 2,665 2,707 2,653 2,549 2,512 2,543 2,502 2,533 2,687
159 193 150
2,801 2,861 3,044
203 212 215 195 210
3,044 3,190 3,203 3,249 3,190 3,146 3,153 3,115 3,153 3,232 159 156 167 139 140 162 156 147 200
3,381 3,326 3,432 3,472 3,491 3,398 3,377 3,317 3,293 3,287 3,194
3 Mo Avg
192 197
3 Mo Avg
3,190 3,203 3,249 3,190 3,146 3,153 3,115 3,153 3,232 3,381 3,326 3,432 3,472 3,491 3,398 3,377 3,317 3,293
197
3 Mo Avg
164
3,287
3,194 151 93
40.0 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
112 | 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 .