Florida Market Viewpoint April 2017 - Page 102

Market Action Report April 2017 Miami-Dade County Market Action Report County: Miami-Dade Agent Name Title Phone Agent Name Website Title Other April 2017 County: Miami-Dade Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $468,000 4% 11% Other $1,071,318 Trending 2% versus*: 8% Month LM 4% L3M 4% PYM 14% LY $295,000 $468,000 4% -1% 2% 11% 6% $462,296 $1,071,318 2% -4% 8% -4% 19,810 $295,000 1,970 4% -18% 4% 14% -16% 11% $462,296 -1% 2% 6% 10% 88 -3% -4% 9% 19,810 -4% -4% $353 -5% -4% 1% 1,970 -18% -16% $257 2% 2% 3% 88 -3% -4% 9% 5% 10.1 18% -1% 14% $353 -5% -4% 1% 1% 93.3% .2% .3% -1.2% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $257 2% 2% 3% 10.1 18% -1% 14% 93.3% .2% .3% -1.2% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 3,000 April Property sales were 1,970, down 15.9% from 2,342 in April of 2016 and 18.4% lower than the 2,414 sales last month. April 2,500 Property 2017 sales Sales were at their lowest level compared to April of 2016 3,000 April sales were 1,970, down 15.9% from 2,342 April last and Property 2015. April YTD sales of 7,779 are running 6.8% in behind 2,000 of year's 2016 year-to-date and 18.4% lower than the 2,414 sales last month. April sales of 8,343. 2,500 2017 sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 7,779 are running 6.8% behind last year's year-to-date sales of 8,343. Trending versus*: Prior YTD Prior Year YTD Trending versus*: Prior YTD 13% Prior Year 7% 11% YTD $283,000 10% $454,934 7% 8% $283,000 7,779 13% $454,934 7% 5% 92 1% 7% 4% -.8% -7% 7% 10% 8% 2% 3% 10% 9% 4% -1% $366 7,779 -7% $251 92 10% 10.8 $366 2% 93.1% 10% 4% 5% 12% -1% 7% $251 3% 5% 4% 10.8 9% 12% Number of 93.1% Properties -.8% -1% Sold -1% 3 Mo Avg Number of Properties Sold 3 Mo Avg 1,500 2,000 1,000 2,758 2,745 2,250 1,964 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 14 15 16 17 M J J A S O N D J Median F M A M Sales J J A Price S O N and D J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 0 Prices 14 15 The Median Sales Price in April was $295,000, up 13.9% from 500 Prices $259,000 in April of 2016 and up 3.5% from $285,000 last The Median Sales Price Sales in April was in $295,000, 13.9% from month. The Average Price April was up $462,296, up 6.1% 450 500 $259,000 in April in of April 2016 of and up and 3.5% down from 1.5% $285,000 from $435,734 2016 from last $469,150 month. The Average Sales ASP Price in April $462,296, up 6.1% 450 last month. April 2017 was at the was highest level compared to 400 from April of 2016 and down 1.5% from $469,150 April $435,734 of 2016 in and 2015. last month. April 2017 ASP was at the highest level compared to 400 350 April of 2016 and 2015. 0 500 1,000 500 1,500 16 17 Median Sales Price and Average Sales Price 3 Mo Avg 350 300 300 250 250 200 Inventory & MSI 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 15 A M J J A S O N D J F M 16 M J 14 J A S O N D J F M A M J J A S O N D J F M A 17 14 15 16 17 20,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 19,000 19,000 A comparatively lower MSI is more beneficial for sellers while a 18,000 A higher comparatively lower MSI is more The beneficial sellers a 18,000 MSI is better for buyers. April for 2017 MSI while of 10.1 17,000 higher MSI is better for buyers. April 2017 MSI of 10.1 months was at its highest level The compared with April of 2016 and 17,000 months was at its highest level compared with April of 2016 and 16,000 2015. 16,000 2015. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 15 16 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con . 14.0 8.0 6.0 4.0 2.0 0.0 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 O N D J F M A 14 15 16 17 14 102 | c 14.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 22,000 was Total 19,810, down 3.8% from 20,583 last for month and The Inventory of Properties available sale as of down April 3.7% from 20,575 in April last 20,583 year. April 2017 and Inventory was at a 22,000 was 19,810, down 3.8% of from last month down 3.7% 21,000 from in April of with last year. 2017 Inventory mid 20,575 level compared April April of 2016 and 2015. was at a 21,000 20,000 mid level compared with April of 2016 and 2015. 200 17 Data provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real est ate real transaction.