Florida Market Viewpoint April 2017 - Page 116

Market Action Report City: Miami Beach April 2017 Miami Beach Agent Name Title Phone Agent Name Website Title Other April 2017 City: Miami Beach 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 $585,000 1% -1% Other $1,782,466 Trending -0% versus*: -4% Month LM 14% L3M 10% PYM 4% LY $400,000 $585,000 1% 10% -4% -1% 27% $894,393 $1,782,466 3,358 -0% -3% -4% 3% $400,000 177 14% -11% 10% 4% -17% 8% $894,393 136 10% -7% -4% -6% 27% 23% 8% 3,358 -3% 3% $663 -7% -6% -11% 177 -11% -17% $541 -2% -3% -4% 136 -7% -6% 23% 11% 19.0 9% -5% 25% $663 -7% -6% -11% -9% 88.8% .5% .4% -.4% 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 $541 -2% 19.0 9% 88.8% .5% * 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 -5% -13% -1% 677 19% 145 31% 13% -9% $706 -7% 677 -13% -2% $556 -1% 145 31% 18% 1% 20.5 24% $706 -7% -3% -1.4% 88.5% -2% 18% -3% 0% 10% -2% 3 Mo Avg 3 Mo Avg Prices 14 The Median Sales Price in April was $400,000, up 3.9% from Prices $385,000 in April of 2016 and up 14.0% from $351,000 last 1,300 The Median Sales Price Sales in April was in $400,000, 3.9% from up month. The Average Price April was up $894,393, $385,000 in April of 2016 and up $351,000 last 27.1% from $703,652 in April of 14.0% 2016 from and up 10.3% from 1,300 1,100 month. The last Average Sales Price 2017 in April up level $810,882 month. April ASP was was $894,393, at the highest 27.1% from $703,652 in April of 2016 and up 10.3% from compared to April of 2016 and 2015. 1,100 900 $810,882 last month. April 2017 ASP was at the highest level 15 16 193 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 17 Median Sales Price and Average Sales Price 3 Mo Avg 900 700 500 300 Inventory & MSI 500 300 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 30.0 The Total Inventory Inventory & MSI of Properties available for sale as of April was Total 3,358, down 3.2% from 3,468 last month and up April 3.4% from 4,000 The Inventory of Properties available for sale as of 4,000 3,500 3,247 in April last from year. 3,468 April last 2017 Inventory at from its was 3,358, down of 3.2% month and up was 3.4% 3,500 3,000 3,247 in April last year. with April April 2017 of Inventory was at its highest level of compared 2016 and 2015. highest level compared with April of 2016 and 2015. 3,000 2,500 2,500 2,000 2,000 1,500 A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 A higher comparatively lower MSI is more The beneficial sellers a MSI is better for buyers. April for 2017 MSI while of 19.0 1,000 higher MSI is better for buyers. April 2017 MSI of 19.0 500 months was at its highest level The compared with April of 2016 and 500 months 0 2015. was at its highest level compared with April of 2016 and 700 0 2015. 20.0 15.0 10.0 5.0 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 . 25.0 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 14 15 16 17 14 116 | c 226 0 50 50 100 compared to April of 2016 and 2015. $365,000 $935,966 11% 100 150 -1% 13% 19% 150 200 $935,966 Number of Properties Sold 250 Trending versus*: YTD Prior YTD -5% Prior Year $365,000 8% 8% -3% -4% -2% $556 -1% 0% -5% 25% 1% 20.5 24% 10% Number of 88.5% Properties .4% -.4% -1.4% -2% Sold -2% 350 April Property sales were 177, down 17.3% from 214 in April of 2016 and 11.1% lower than the 199 sales last month. April 2017 300 Property sales were Sales at their lowest level compared to April of 2016 and 350 April Property sales sales were of 177, down 17.3% from 214 behind in April last of 250 2015. April YTD 677 are running 12.9% 2016 and 11.1% lower sales than the 199 sales last month. April 2017 300 year's year-to-date of 777. 200 sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 677 are running 12.9% behind last year's year-to-date sales of 777. Trending versus*: Prior YTD Prior Year YTD Market Action Report 17 Data provided courtesy of Fort Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTOR S of Association of the Palm Beaches, Space Coast Asso o of l Greater d Greater w Fort el 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.