Florida Market Viewpoint April 2017 - Page 114

Market Action Report Miami City: Miami Agent Name Market Action Report City: Miami April 2017 Title Phone Agent Name Website Title Other April 2017 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 $420,000 3% 11% Other $646,834 Trending 3% versus*: 14% Month LM 0% L3M 3% PYM 14% LY $295,000 $420,000 3% 4% 5% 11% 17% $361,993 $646,834 7,645 3% -5% 14% -9% $295,000 900 0% -17% 3% 14% -17% 10% $361,993 4% 5% 17% 13% 80 -4% -4% 8% 7,645 -5% -9% $300 2% 1% 8% 900 -17% -17% $221 5% 4% 11% 80 -4% -4% 8% 3% 8.5 14% -1% 10% $300 2% 1% 8% 7% 94.0% .2% .2% -1.1% 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 $221 5% 4% 11% 8.5 14% -1% 10% 94.0% .2% .2% -1.1% * 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 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 1,400 April Property sales were 900, down 17.1% from 1,085 in April of 2016 and 16.7% lower than the 1,081 sales last month. April 1,200 Property 2017 sales Sales were at their lowest level compared to April of 2016 1,400 April sales were 900, of down from 1,085 in April and Property 2015. April YTD sales 3,554 17.1% are running 8.4% behind last 1,000 of year's 2016 year-to-date and 16.7% lower than the 1,081 sales last month. April 1,200 sales of 3,881. 800 2017 sales were at their lowest level compared to April of 2016 Trending versus*: Prior YTD Prior Year YTD Trending versus*: Prior YTD 15% Prior Year 7% 10% YTD $287,500 13% $343,482 12% 7% $287,500 3,554 15% $343,482 12% 3% 83 7% 10% 3% -.7% -8% 7% 8% 7% 7% 9% 6% 5% 6% -1% $297 3,554 -8% $213 83 8% 9.2 $297 7% 93.8% 6% 6% 6% 11% -1% 10% $213 9% 6% 3% 9.2 5% 11% Number of 93.8% Properties -.7% -1% Sold -1% 3 Mo Avg Number of Properties Sold 3 Mo Avg and 2015. April YTD sales of 3,554 are running 8.4% behind last 1,000 600 year's year-to-date sales of 3,881. 800 Prices 340 320 300 280 260 240 220 200 Inventory & MSI 14 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) 6,000 12.0 12.0 6,000 4,000 10.0 8.0 6.0 4,000 4.0 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 8.5 a 2,000 higher MSI is better for buyers. April 2017 MSI of 8.5 months was at its highest level The compared with April of 2016 and 2,000 2.0 months 0 2015. was at its highest level compared with April of 2016 and 0 0.0 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 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 . 17 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 8,000 114 | c 16 Median Sales Price and Average Sales Price The Total Inventory Inventory & MSI of Properties available for sale as of April 12,000 was Total 7,645, down 4.9% from 8,038 last month down 8.6% The Inventory of Properties available for sale and as of April from 8,364 in April last 8,038 year. last April 2017 and Inventory was at its 12,000 was 7,645, down 4.9% of from month down 8.6% 10,000 from 8,364 in compared April of last with year. April April lowest level of 2017 2016 Inventory and 2015. was at its 10,000 8,000 lowest level compared with April of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a 1,081 1,292 1,306 15 400 380 360 340 320 300 280 260 240 220 200 $347,532 last month. April 2017 ASP was at the highest level compared to 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 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 The Median Sales Price in April was $295,000, up 14.3% from Prices $258,000 in April of 2016 and up 0.3% from $294,000 last The Median Sales Price Sales in April was in $295,000, 14.3% from month. The Average Price April was up $361,993, up 400 $258,000 in April of 2016 last 17.0% from $309,365 in and April up of 0.3% 2016 from and $294,000 up 4.2% from month. The last Average Sales Price in April up level 380 $347,532 month. April 2017 ASP was was $361,993, at the highest 360 17.0% from $309,365 April and of 2016 and up 4.2% from compared to April of in 2016 2015. 0 200 200 400 400 600 10.0 8.0 6.0 4.0 2.0 0.0 Data provided courtesy of 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 d Greater w Fort e l Fort l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin 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.