FL ARCHIVED August 2017 | Page 106

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

City : Coral Gables

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
$ 1,025,000
3 %
11 %
Average List Price of all Current Listings
$ 2,103,076
5 %
13 %
August Median Sales Price
$ 670,000
-14% -4%
7 %
1 %
$ 689,476
4 %
4 %
August Average Sales Price
$ 946,315
-3%
-2% -19% -13%
$ 1,031,724
-8%
-5%
Total Properties Currently for Sale ( Inventory )
568
-3%
-6%
August Number of Properties Sold
65
7 %
-4%
547
-3%
August Average Days on Market ( Solds )
77 -31% -20% -11% -16%
98
8 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 500
6 %
6 %
14 %
15 %
$ 458
5 %
6 %
August Sold Price per Square Foot
$ 379
2 %
0 %
3 %
0 %
$ 378
-1%
-1%
August Month ' s Supply of Inventory
8.7
-9%
5 %
-1%
-4%
9.0
5 %
-1%
August Sale Price vs List Price Ratio
91.9 %
3.1 %
. 6 % -1.0% -. 3 %
91.4 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
August Property sales were 65 , down 4.4 % from 68 in August of
2016 and 6.6 % higher than the 61 sales last month . August 2017
90
Property sales were Sales at a mid level compared to August of 2016 and
2015100 .
80
August Property YTD sales sales of were 547 are 65 , running down 4.43.0 % from % behind 68 August last year of ' s
2016 year-to-date and 6.6 % sales higher of than 564 . the 61 sales last month . August 2017 sales were at a mid level compared to August of 2016 and 2015 .
90
80
70
60
August YTD sales of 547 are running 3.0 % behind last year ' s
70
50
year-to-date sales of 564 .
60
40
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

50 30
Number of Properties Sold
40
20
30
10
20
0
10
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
The Median Sales Price in August was $ 670,000 , up 6.5 % from
1,400
Prices
$ 629,000 in August of 2016 and down 14.1 % from $ 780,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in August Sales Price was $ 670,000 in August , up was 6.5 $ % 946,315 from ,
1,300
1,400
$ down 629,000 18.6 in % August from $ of 1,162,991 2016 and in down August 14.1 of % 2016 from $ and 780,000 down 3.0 %
1,200 last month . The Average Sales Price in August was $ 946,315 ,
1,300 from $ 975,784 last month . August 2017 ASP was at a mid range
1,100 down compared 18.6 % to from August $ 1,162,991 of 2016 in and August 2015 of . 2016 and down 3.0 %
1,200
1,000 from $ 975,784 last month . August 2017 ASP was at a mid range
1,100 compared to August of 2016 and 2015 .
900
1,000
3 Mo Avg
900
800
800
700
700
600
600
500
500
S
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
O
14 N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
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 568 , Inventory down 3.2 of % Properties from 587 last available month for and sale down as of 5.8 August % from was 603568 in , August down 3.2 of % last from year 587 . August last month 2017 and Inventory down 5.8 was % from at a mid
700
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
14.0
12.0
603 level in compared August of last with year August . August of 2016 2017 and Inventory 2015 . was at a mid level compared with August of 2016 and 2015 .
600
500
500
400
12.0
10.0
10.0
8.0
400
300
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 8.7 a
200 higher months MSI was is better at a mid for level buyers compared . The August with 2017 August MSI of of 2016 8.7 and months was at a mid level compared with August of 2016 and
100
2015 .
2015 .
0
6.0
200
4.0
100
2.0
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
15
16
17
14
15
16
17
4.0
2.0
0.0
54 80 50 66 57 50 63 84 88 93 79 62 74 60 47 60 55 55 81 63 74 88 80 68 59 46 67 69 48 62 73 69 78 91 61 65
517 542
54 517 538
80 542
501 50 66 57 50 63 84 88
535 538
546 501
526 535
532 546
517 526 504 532
505
517 504
93
505
508 510
79 526
508
Number of Properties Sold
62 505
510 74 486
60 47 60 55 55 81 63 74 88
3 Mo Avg
526 532 565
505
486 589
532 612
613 565
611 589
602 612
603 613
622 611
610 602
596 603
577 622 593 610
601
596 622 577
602 593
606 601
601 622
587 602
568 606
80 68 59 46 67 69 48 62 73 69
601 78 587
3 Mo Avg
91
568 61 65
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
106 | 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 .