FL ARCHIVED August 2017 | Page 104

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Coconut Grove

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,675,000
-13%
30 %
Average List Price of all Current Listings
$ 2,325,343
-11%
17 %
August Median Sales Price
$ 1,072,500
13 % -21% 82 %
34 %
$ 1,220,000
56 %
53 %
August Average Sales Price
$ 1,342,200
22 % -25% 119 % 25 %
$ 1,612,158
49 %
50 %
Total Properties Currently for Sale ( Inventory )
123
2 %
-11%
August Number of Properties Sold
4 -20%
-56%
77
-27%
August Average Days on Market ( Solds )
70 -44% -43% -58% -44%
145
21 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 634
-22%
1 %
5 %
11 %
$ 635
22 %
12 %
August Sold Price per Square Foot
$ 450
12 %
-7%
29 %
5 %
$ 481
12 %
12 %
August Month ' s Supply of Inventory
30.8
28 %
40 % 101 % 121 %
17.1
25 %
23 %
August Sale Price vs List Price Ratio
92.4 %
9.1 % 4.3 % 30.1 % 5.4 %
88.6 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales August Property sales were 4 , down 55.6 % from 9 in August of 2016 and 20.0 % lower than the 5 sales last month . August 2017 Property sales were Sales at their lowest level compared to August of 2016 and 30
August 2015 . Property August YTD sales sales were of 4 , 77 down are 55.6 running % from 27.4 9 in % August behind of last 2016 year and ' s year-to-date
20.0 % lower sales than of the 106
5 sales . last month . August 2017
25 sales were at their lowest level compared to August of 2016 and 2015 . August YTD sales of 77 are running 27.4 % behind last
20 year ' s year-to-date sales of 106 .
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
14 16 19 20 20 16
5 0 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in August was $ 1,072,500 , up 81.8 %
Prices from $ 590,000 in August of 2016 and up 12.9 % from $ 950,000 2,200 Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in August Sales Price was $ 1,072,500 in August , was up 81.8 $ 1,342,200 % , 2,000 from up 119.0 $ 590,000 % from in $ August 612,778 of in 2016 August and up of 2016 12.9 % and from up $ 22.3 950,000 % from 2,200 last $ 1,097,100 month . The last Average month . Sales August Price 2017 in August ASP was was at $ the 1,342,200 highest ,
1,800 2,000 up level 119.0 compared % from $ 612,778 to August in of August 2016 of and 2016 2015 and . up 22.3 % from 1,600 1,800
$ 1,097,100 last month . August 2017 ASP was at the highest 1,400 1,600 level compared to August of 2016 and 2015 .
1,200 1,400 1,200
1,000
1,000
800
800
600
600
400
400
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
14 N D
J
F
M15 A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M A17M J
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 123 , Inventory up 2.5 % from of Properties 120 last available month and for down sale as 10.9 of August % from 138 was in August 123 , up of 2.5 last % from year 120 . August last month 2017 and Inventory down 10.9 was % at from its lowest 138
250 in level August compared of last year with . August 2017 of 2016 Inventory and 2015 was . at its lowest
200 level compared with August of 2016 and 2015 .
150
A comparatively lower MSI is more beneficial for sellers while
100 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
August for 2017 sellers
MSI while of 30.8 a higher MSI is better for buyers . The August 2017 MSI of 30.8 months was at its highest level compared with August of 2016
50 months was at its highest level compared with August of 2016 and 2015 . and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
250
35.0
200
30.0
150
25.0
20.0
100
15.0
50
10.0
5.0
0
0.0
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 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
14
14
15
15
16
16
17
17
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
21 21 15
195 191
186 195
183 191
183 186
179 183
180 183
159 179
151 180 147 159
149 151
28 21 15 11 20 15
14 16 19 20 20 16 21 21 15 28 21 15 11 20 15 15 6
15 6 16 11 12
154 147 158 149 166 154 166 158
151
166 170 163
166
167 151
151 170
149 163
152 167
148 151
138 149
135 152
134 148
141 138
136 135 142
134 140 141
134 136
127 142
127 140
123 134
120 127
123 127
12
16 11 12 12 24 16 9
24 11
16 7
9
13 11 7 13 9
9 6 8 9
6 8 9 19
123 15
19 15 11 5 4
120 11
123 5 4
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
104 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .