FL ARCHIVED August 2017 | Page 112

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

City : Miami Beach

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
$ 569,500
-1%
-1%
Average List Price of all Current Listings
$ 1,727,292
0 %
-3%
August Median Sales Price
$ 315,000
-7% -14% -18% -15%
$ 365,000
-5%
-1%
August Average Sales Price
$ 699,936
-9% -15% -18% -15%
$ 881,716
3 %
7 %
Total Properties Currently for Sale ( Inventory )
3,260
-0%
5 %
August Number of Properties Sold
133 -17%
-15%
1,381
-8%
August Average Days on Market ( Solds )
138
4 %
-1%
25 %
12 %
144
23 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 696
6 %
3 %
1 %
-4%
$ 688
-6%
-5%
August Sold Price per Square Foot
$ 450
-4% -14% -16% -19%
$ 541
-3%
-2%
August Month ' s Supply of Inventory
24.5
20 %
19 %
23 %
31 %
19.9
16 %
7 %
August Sale Price vs List Price Ratio
88.1 % -1.2% -. 7 % -1.3% -2.2%
88.5 %
-2%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
August Property sales were 133 , down 14.7 % from 156 in August
of 2016 and 17.4 % lower than the 161 sales last month . August
300
Property
2017 sales Sales were at their lowest level compared to August of 2016
350
August and 2015 Property . August sales YTD were sales 133 , of down 1,381 14.7 are % running from 1567.9 in % August behind
250
of last 2016 year and ' s year-to-date 17.4 % lower than sales the of 161 1,500 sales . last month . August
2017 sales were at their lowest level compared to August of 2016
300
200
and 2015 . August YTD sales of 1,381 are running 7.9 % behind
250
last year ' s year-to-date sales of 1,500 .
150
200
100
150
100
50
Prices
The Median Sales Price in August was $ 315,000 , down 17.6 %
Prices from $ 382,500 in August of 2016 and down 6.7 % from
The
$ 337,500 Median last Sales month Price . in The August Average was $ Sales 315,000 Price , down in August 17.6 % was
1,300
from
$ 699,936 $ 382,500 , down in August 18.4 % from of 2016 $ 858,193 and down in 6.7 August % from of 2016 and
1,300
$ 337,500 last month . The Average Sales Price in August was
1,100 down 9.3 % from $ 771,489 last month . August 2017 ASP was at
$ the 699,936 lowest , down level 18.4 compared % from $ to 858,193 August in of August 2016 and of 2016 2015 and . down 9.3 % from $ 771,489 last month . August 2017 ASP was at
1,100
900
the lowest level compared to August of 2016 and 2015 .
900
700
Agent Name

Miami Beach Title

Phone Website Other

Community Information | School District

50 0
700
0
224 229
Number of Properties Sold
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
14
15
16
17
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
15
16
17
J
A
3 Mo Avg
Median Sales Price and Average Sales Price
224 229 180 223 208 176 241 288 250 242 227 187 213 196 159 193 150 203 212 215 195 210 159 156 167 139 140 162 156 147 200 192 197 195 161 133
S O N D 14
500
180 223 208 176
500
300
300
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 3,260 Inventory , down 0.5 of % Properties from 3,275 available last month for sale and as of up August 4.8 % from
4,000 was
3,111 3,260 in August , down 0.5 of last % from year 3,275 . August last month 2017 Inventory and up 4.8 was % from at its
4,0003,500
3,111 highest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its
3,5003,000 highest level compared with August of 2016 and 2015 .
3,0002,500
2,5002,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
2,000
1,500
15.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
A comparatively lower MSI is more beneficial for sellers while a
10.0 higher MSI is better for buyers . The August 2017 MSI of 24.5
1,000 higher MSI is better for buyers . The August 2017 MSI of 24.5
1,000 months was at its highest level compared with August of 2016
500
5.0 months was at its highest level compared with August of 2016
500 and 2015 .
0 and 2015 .
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 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
14
15
16
17
14
15
16
17
10.0
5.0
0.0
241 288 250 242 227
2,567 2,607 2,650 2,508 2,639 2,665 2,707 2,653 2,549 2,512 2,543 2,502 2,533 2,687 2,801 2,860
Number of Properties Sold
187 213
2,567 2,607 2,650 2,508 2,639 2,665 2,707 2,653 2,549 2,512 2,543 2,502 2,533 2,687 196 159 193
2,860
3,043 150 203 212 215 195 210
3,043
2,801 3,188
3,199 3,245 3,186 3,142 3,149 3,111 3,149 3,228 159 156 167 139 140 162 156 147
3,377 3,321 3,428 3,468 3,488 3,391 3,368 3,305 3,275 3,260
3 Mo Avg
200 192
3 Mo Avg
197 195
3,188 3,199 3,245 3,186 3,142 3,149 3,111 3,149 3,228 3,377 3,321 3,428 3,468 3,488 3,391 3,368 3,305 3,275 3,260
3 Mo Avg
161
133
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
112 | 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 .