FL ARCHIVED August 2017 | Page 113

Market Action Report
City: Miami Beach
August 2017
Miami Beach
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for August was 138, up 3.8% from 133
days last month and up 25.5% from 110 days in August of last
year. The August 2017 DOM was at a mid level compared with
August of 2016 and 2015.
3 Mo Avg
180
160
138
140
119
120
110
100
80
60
40
20
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
650
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a 600
more normalized indicator on the direction of Property values.
The August 2017 Selling Price per Square Foot of $450 was down 550
3.8% from $468 last month and down 16.2% from 537 in August
of last year.
500
3 Mo Avg
537
530
450
450
400
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The August 2017 Selling Price vs Original
List Price of 88.1% was down from 89.2% last month and down
from 89.3% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94%
92%
90.5%
89.3%
90%
88.1%
88%
86%
84%
82%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
4,000
2,000
2,500
3,000
3,500
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in August 2017 was 458, down 4.8% from 481 last month and up
2.5% from 447 in August of last year.
1,500
1,000
500
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
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 Association of REALTORS
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.
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