FL ARCHIVED February 2018 | Page 210

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

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
$ 997,777
0 %
11 %
Average List Price of all Current Listings
$ 2,134,501
4 %
19 %
February Median Sales Price
$ 689,000
-17% -11% -10%
-2%
$ 780,000
11 %
11 %
February Average Sales Price
$ 1,232,172
-1%
12 %
22 %
21 %
$ 1,235,917
22 %
22 %
Total Properties Currently for Sale ( Inventory )
605
4 %
-0%
February Number of Properties Sold
49
-2%
-21%
99
-10%
February Average Days on Market ( Solds )
139
28 %
13 %
16 %
36 %
124
11 %
22 %
Asking Price per Square Foot ( based on New Listings )
$ 455
9 %
7 %
9 %
11 %
$ 434
9 %
6 %
February Sold Price per Square Foot
$ 387
-6%
1 %
12 %
9 %
$ 398
13 %
12 %
February Month ' s Supply of Inventory
12.3
6 %
13 %
26 %
24 %
12.0
8 %
20 %
February Sale Price vs List Price Ratio
91.7 %
. 9 %
. 5 %
2.7 %
. 5 %
91.3 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
100
February Property sales were 49 , down 21.0 % from 62 in
February of 2017 and 2.0 % lower than the 50 sales last month .
90
Property
February 2018 Sales sales were at their lowest level compared to
100
80
February Property of 2017 sales and 2016 were . 49 February , down 21.0 YTD % from sales 62 of in 99 are
February running of 10.0 2017 % behind and 2.0 % last lower year than ' s year-to-date the 50 sales sales last month of 110 .
February 2018 sales were at their lowest level compared to
90
80
70
60
February of 2017 and 2016 . February YTD sales of 99 are
70
50
running 10.0 % behind last year ' s year-to-date sales of 110 .
60
40
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

50
30
63 84 88 93 80 62 74 60 47
Number of Properties Sold
Number of Properties Sold
40
20
30
10
20
0
10
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
0
15
16
17
18
M
A M J
Prices
15
The Median Sales Price in February was $ 689,000 , down 10.4 %
1,400
Prices from $ 768,750 in February of 2017 and down 16.5 % from
The
$ 825,500 Median last Sales month Price . in The February Average was Sales $ 689,000 Price , in down February 10.4 % was
1,300
1,400 from
$ 1,232,172 $ 768,750 , up in 22.4 February % from of $ 2017 1,006,982 and down in February 16.5 % from of 2017 and
1,200
$ 825,500 last month . The Average Sales Price in February was
1,300 down 0.6 % from $ 1,239,587 last month . February 2018 ASP
1,100
$ was 1,232,172 at the , up highest 22.4 % level from compared $ 1,006,982 to in February of of 2017 2017 and and 2016
1,200 .
1,000 down 0.6 % from $ 1,239,587 last month . February 2018 ASP
1,100 was at the highest level compared to February of 2017 and 2016 .
900
1,000
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
900
800
800
700
700
600
600
500
500
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
15 M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 605 , of up Properties 4.1 % from available 581 last for month sale as and of down 0.3 %
February from 607 was in 605 February , up 4.1 of % last from year 581 . last February month 2018 and down Inventory 0.3 % was
700 from at a 607 mid in level February compared of last with year February . of 2018 2017 Inventory and 2016 was .
600 at a mid level compared with February of 2017 and 2016 .
500
700
600
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
14.0
12.0
18.0
16.0
14.0
12.0
10.0
400
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 February for sellers 2018 MSI while of a 12.3
200 higher months MSI was is better at its highest for buyers level . The compared February with 2018 February MSI of 12.3 of 2017 months was at its highest level compared with February of 2017
100 and 2016 . and 2016 .
0
300
10.0
8.0
200
6.0
100
4.0
2.0
0
0.0
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 S O N D J
F
15
16
17
18
15
16
17
18
8.0
6.0
4.0
2.0
0.0
60 55 55 82 63 74
3 Mo Avg
63 84 88 93 80 62 74 60 47 60 55 55 82 63 74 88 80 67 59 46 67 69 48 62 73 70 78 91 61 74 37 53 54 62 50 49
528 534
520 528
509 534
509 520
512 509
512 509
522 512
512 512 489
522
534 512 567 489 590 534 614 567 615
590 614
614
606 607
615
627 614
614 606
601 607
581 627
599 614
607 601
633 581
618 599
623 607
623 633 618 618
611 623
595 623
603 618
563 611
539 595
581
603 605 563
88 80 67 59 46 67 69 48 62 73 70 78 91 61 74 37 53
539 54 581
3 Mo Avg
62
605 50 49
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 .