Florida Market Viewpoint April 2017 - Page 108

Market Action Report City: Coral Gables April 2017 Coral Gables Agent Name Title Phone Agent Name Website Title Other April 2017 City: Coral Gables 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 $999,000 5% 2% Other $1,951,756 Trending 3% versus*: 1% Month LM 11% L3M 3% PYM 26% LY $705,750 $999,000 5% -24% -9% 2% -15% $1,012,603 $1,951,756 593 3% -4% 1% -4% $705,750 11% 3% 26% 6% 64 -11% 2% $1,012,603 119 -24% 72% -9% 18% -15% 42% -7% 593 -4% -4% $439 -8% -3% 1% 64 -11% 2% $382 0% 2% 3% 119 72% 18% 42% 29% 9.3 8% 1% -5% $439 -8% -3% 1% 1% 90.9% -3.1% -.5% -2.3% 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 $382 0% 2% 3% 9.3 8% 1% -5% 90.9% -3.1% -.5% -2.3% 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 14 79 16 60 15 Median Sales Price and Average Sales Price 17 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 400 300 A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 9.3 a 200 100 higher MSI is better for level buyers. The April 2017 MSI of of 2016 9.3 and months was at a mid compared with April 100 months 0 2015. was at a mid level compared with April of 2016 and 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 16.0 14.0 12.0 10.0 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 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 108 | c 3 Mo Avg 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 The Total Inventory Inventory & MSI of Properties available for sale as of April 700 was Total 593, Inventory down 4.0% from 618 last month The of Properties available for and sale down as of 3.6% April from 700 600 615 593, in April last from year. 618 April Inventory was at a from mid level was down of 4.0% last 2017 month and down 3.6% 615 in April of last April year. of April was at a mid level 600 500 compared with 2016 2017 and Inventory 2015. 0 3 Mo Avg 500 Prices The Median Sales Price in April was $705,750, up 26.0% from 1,500 Prices $560,000 in April of 2016 and up 11.3% from $634,375 last 1,400 The Median Sales Price Sales in April was in $705,750, up $1,012,603, 26.0% from down month. The Average Price April was 1,500 1,300 $560,000 in April of 2016 in and up of 11.3% from last from 14.6% from $1,186,178 April 2016 and $634,375 down 23.8% 1,400 1,200 month. The Average Sales April Price 2017 in April was $1,012,603, down $1,328,573 last month. ASP was at the lowest level 1,300 1,100 14.6% from $1,186,178 in April of 2016 and down 23.8% from compared to April of 2016 and 2015. 1,200 $1,328,573 last month. April 2017 ASP was at the lowest level 1,000 1,100 compared to April of 2016 and 2015. 900 1,000 800 900 700 800 600 700 600 500 2015. 10% 4% -1% 8% -1% 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 Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 0 400 0 10 20 20 30 30 40 40 50 50 70 60 60 500 -3% 3% -3% 2% 2% 0% 10% 7% 4% -0% 70 10 compared with April of 2016 and 2015. 8% 246 -4% 101 1% $453 246 -3% 0% $376 101 -3% 1% 9.9 $453 2% -1.3% 91.4% 3% 2% 80 80 Inventory & MSI $685,120 $1,107,144 29% -4% Number of Properties Sold 90 were at a mid level compared to April of 2016 and 2015. April YTD sales of 246 are running 3.1% behind last year's year-to- date sales of 254. $1,107,144 100 April Property sales were 64, up 1.6% from 63 in April of 2016 and 11.1% lower than the 72 sales last month. April 2017 sales Property Sales were at a mid level compared to April of 2016 and 2015. April 100 April sales are were 64, up 3.1% 1.6% from 63 last in April of year-to- 2016 YTD Property sales of 246 running behind year's 90 and 11.1% lower than the 72 sales last month. April 2017 sales date sales of 254. Trending versus*: YTD Prior YTD 8% Prior Year $685,120 6% -7% 0% $376 0% -1% 1% 9.9 7% 8% Number of 91.4% Properties -1.3% -0% Sold -1% * 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 Trending versus*: Prior YTD Prior Year YTD Market Action Report . 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 estate real transaction.