Florida Market Viewpoint April 2017 - Page 106

Market Action Report April 2017 Coconut Grove Market Action Report City: Coconut Grove Agent Name Title Phone Agent Name Website Title Other April 2017 City: Coconut Grove Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website $2,165,000 Other Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con LM Trending versus*: L3M PYM LY 8% 88% $2,938,542 Trending 11% versus*: 64% Month LM 9% L3M -2% PYM 15% LY $940,000 $2,165,000 8% 20% -3% 88% 59% $1,376,047 $2,938,542 118 11% -9% 64% -22% $940,000 9% -2% 15% 18% 19 138% 58% $1,376,047 20% -3% 59% 28% 157 43% -2% 44% 118 -9% -22% $624 9% -4% 15% 19 138% 58% $480 -2% 2% -1% 157 43% -2% 44% 27% $624 6.2 9% -62% -4% -53% 15% -51% 9% 89.0% -2.5% .1% $480 -2% 2% -1% -4.7% 12% 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 Listings Total Properties Currently for Sale (Inventory) April Median Sales Price April 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 Sold Sale Price Price per vs Square List Price April Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 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 Mo Avg 3 Mo Avg 15 21 0 5 5 10 14 15 Median Sales Price and Average Sales Price 16 Median Sales Price and Average Sales Price 15 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 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 The Median Sales Price in April was $940,000, up 15.0% from 2,200 Prices $817,500 in April of 2016 and up 9.0% from $862,500 last The Median Sales Price in April was $940,000, up 15.0% from month. The Average Sales Price in April was $1,376,047, up 2,200 2,000 $817,500 in April of 2016 up of 9.0% 1,800 58.7% from $867,125 in and April 2016 from and $862,500 up 20.1% last from month. The Average Sales April Price 2017 in April was $1,376,047, up level 2,000 $1,145,875 last month. ASP was at the highest 1,600 1,800 58.7% from $867,125 April and of 2016 and up 20.1% from compared to April of in 2016 2015. 1,400 $1,145,875 last month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. 30% 14% 10% 13% 1% 15 10 Prices 27% 161 9% $649 41 -9% 12% $472 161 83% -55% $649 15.8 22% 1.5% $472 88.9% -3% 19% -9% 31% 83% 22% -3% 30% -5% 14% -3% 10% 20 15 0 4% 41 23% Number of Properties Sold 25 20 $955,000 $1,412,464 30 were at a mid level compared to April of 2016 and 2015. April YTD sales of 41 are running 8.9% behind last year's year-to-date sales of 45. Trending versus*: Prior YTD 4% Prior Year 19% 18% YTD $955,000 28% $1,412,464 23% 31% 6.2 -62% -53% -51% -55% 15.8 -5% 13% Number of 88.9% Properties 89.0% -2.5% .1% -4.7% 1.5% -3% Sold 1% April Month's Supply of Inventory April Property sales were 19, up 58.3% from 12 in April of 2016 and 137.5% higher than the 8 sales last month. April 2017 sales Property Sales were at a mid level compared to April of 2016 and 2015. April 30 April sales 19, up 8.9% 58.3% from 12 April of 2016 YTD Prope rty sales of 41 are were running behind last in year's year-to-date and 137.5% sales of 45. higher than the 8 sales last month. April 2017 sales 25 Trending versus*: Prior YTD Prior Year YTD 17 3 Mo Avg 3 Mo Avg 1,600 1,400 1,200 1,200 1,000 1,000 800 800 600 600 400 400 Inventory & MSI A comparatively lower MSI is more beneficial for sellers while 100 a A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 6.2 a higher MSI is better for buyers. The April 2017 MSI of 6.2 months was at its lowest level compared with April of 2016 and 50 months was at its lowest level compared with April of 2016 and 2015. 0 2015. 30.0 150 100 50 . 20.0 15.0 10.0 5.0 0 0.0 30.0 25.0 20.0 15.0 10.0 5.0 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 15 16 17 14 14 15 16 17 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 106 | c 25.0 150 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of April 250 The of from Properties available sale as of 21.9% April from was Total 118, Inventory down 9.2% 130 last month for and down was down of 9.2% last 2017 month and down 21.9% 151 118, in April last from year. 130 April Inventory was at its from lowest 250 200 151 in April of last with year. April April of 2017 Inventory was at its lowest level compared 2016 and 2015. 200 level compared with April of 2016 and 2015. 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 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 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 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 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 estate real transaction.