FL ARCHIVED December 2017 | Page 112

Market Action Report December 2017
Community Information | School District
Market Action Report December 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
$ 559,850
2 %
-1%
Average List Price of all Current Listings
$ 1,712,469
5 %
-3%
December Median Sales Price
$ 323,750
-1%
-5%
-6%
-11%
$ 361,250
-2%
-1%
December Average Sales Price
$ 939,159
30 %
13 %
56 %
15 %
$ 859,590
5 %
5 %
Total Properties Currently for Sale ( Inventory )
3,422
-2%
2 %
December Number of Properties Sold
146
11 %
-10%
1,960
-8%
December Average Days on Market ( Solds )
136
5 %
-11% 10 %
11 %
145
20 %
19 %
Asking Price per Square Foot ( based on New Listings )
$ 693
-1%
4 %
0 %
1 %
$ 654
-5%
-5%
December Sold Price per Square Foot
$ 480
-3%
-4%
-12% -11%
$ 520
-4%
-4%
December Month ' s Supply of Inventory
23.4 -12%
-7%
13 %
25 %
21.6
15 %
15 %
December Sale Price vs List Price Ratio
88.3 %
-. 5 %
. 2 % -3.5% -1.9%
88.4 %
-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 December Property sales were 146 , down 9.9 % from 162 in
December of 2016 and 10.6 % higher than the 132 sales last 300 Property month . December Sales 2017 sales were at their lowest level 350
December compared Property to December sales were of 2016 146 , and down 2015 9.9 .% December from 162 in YTD sales 250 December of 1,960 are of 2016 running and 10.6 8.0 % behind higher than last year the 132 ' s year-to-date sales last sales 300 month of 2,131 . December . 2017 sales were at their lowest level
200 compared to December of 2016 and 2015 . December YTD sales 250 of 1,960 are running 8.0 % behind last year ' s year-to-date sales 150 of 2,131 .
200 100
150 50
100
Agent Name

Miami Beach Title

Phone Website Other

Community Information | School District

Number of Properties Sold
0
50 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
0 15 16
17 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
Prices Median Sales Price and Average Sales Price
15 16
17
3 Mo Avg The Median Sales Price in December was $ 323,750 , down 6.2 %
Prices from $ 345,000 in December of 2016 and down 0.7 % from Median Sales Price and Average Sales Price
1,300
3 Mo Avg
The $ 326,192 Median last Sales month Price . in The December Average was Sales $ 323,750 Price in , down December 6.2 % was from $ 939,159 $ 345,000 , up 55.9 in December % from $ of 602,592 2016 and in December down 0.7 % of from 2016 and up
1,3001,100
$ 30.1 326,192 % from last $ month 721,932 . The last Average month Sales . December Price in 2017 December ASP was at $ the 939,159 highest , up level 55.9 % compared from $ 602,592 to December in December of 2016 of 2016 and 2015 and up . 1,100 900 30.1 % from $ 721,932 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
900 700
209 181 248 295 257 246 233 191 218 201 162 198 151 207 213 215 200 210 162 157 170 140 144 162 159 148 203 196 199 200 166 158 117 136 132 146
700
500
209 181 248 295 257 246
500 300
300
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 15
16
17
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 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 3,422 of Properties , down 2.3 available % from 3,501 for sale last as month of and up
4,000 30.0
December 1.7 % from was 3,364 3,422 in , December down 2.3 % of from last 3,501 year . last December month and 2017 up 4,0003,500
30.0 25.0
1.7 Inventory % from 3,364 was at in its December highest of level last compared year . December with December 2017 of 3,5003,000 25.0
Inventory 2016 and was 2015 at . its highest level compared with December of 3,0002,500 20.0
2016 and 2015 . 2,500
20.0 2,000
15.0
2,0001,500 15.0
A comparatively lower MSI is more beneficial for sellers while 1,500 a 10.0
A comparatively lower MSI is more beneficial for sellers while a 1,000 10.0 higher MSI is better for buyers . The December 2017 MSI of
1,000 higher 23.4 months MSI is better was at for its buyers highest . The level December compared 2017 with MSI December of of 500
5.0
5.0 23.4 months was at its highest level compared with December of 500 2016 and 2015 .
0 0.0
2016 and 2015 . 0
0.0 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 S O N D 15
16 17
15 16
17
233 191 218
2,685 2,705 2,748 2,700 2,590 2,548 2,577 2,536 2,557 2,708 2,871 2,904
201
2,685 2,705 2,748 2,700 2,590 2,548 2,577 2,536 2,557 2,708
162
Number of Properties Sold
198 151
2,871 2,904 3,092
207 213 215 200 210 162 157
3,092 3,238 3,257 3,303 3,241 3,198 3,210 3,165 3,195 3,265 3,415 3,364 170 140 144 162 159 148 203 196 199 200
3,468 3,505 3,520 3,434 3,424 3,373 3,349 3,343 3,278 3,459 3,501 3,422
3 Mo Avg
3,238 3,257 3,303 3,241 3,198 3,210 3,165 3,195 3,265 3,415 3,364 3,468 3,505 3,520 3,434 3,424 3,373 3,349 3,343 3,278 3,459
166 158 117
3 Mo Avg
136
3,501
3,422 132 146
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 Assoc
112 | c o l d w e l l b a n k e r h o m e s . c o m 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 .