FL ARCHIVED January 2018 | Page 106

Market Action Report January 2018
Community Information | School District
Market Action Report January 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
6 %
12 %
Average List Price of all Current Listings
$ 2,059,123
6 %
16 %
January Median Sales Price
$ 825,500
13 %
14 %
21 %
18 %
$ 825,500
21 %
18 %
January Average Sales Price
$ 1,239,587
27 %
23 %
20 %
22 %
$ 1,239,587
20 %
22 %
Total Properties Currently for Sale ( Inventory )
583
8 %
-3%
January Number of Properties Sold
50 -15%
4 %
50
4 %
January Average Days on Market ( Solds )
109 -23% -6%
8 %
7 %
109
8 %
7 %
Asking Price per Square Foot ( based on New Listings )
$ 413
-3%
1 %
9 %
0 %
$ 413
9 %
0 %
January Sold Price per Square Foot
$ 410
8 %
12 %
15 %
16 %
$ 410
15 %
15 %
January Month ' s Supply of Inventory
11.7
28 %
12 %
-7%
17 %
11.7
-7%
17 %
January Sale Price vs List Price Ratio
90.9 %
-. 9 %
. 2 %
-. 1 %
-. 4 %
90.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
100
January Property sales were 50 , up 4.2 % from 48 in January of
2017 and 15.3 % lower than the 59 sales last month . January
90
Property
2018 sales Sales were at a mid level compared to January of 2017 and
100
80
January
2016 . January Property YTD sales sales were of 50 50 , up are 4.2 running % from 48 4.2 in % January ahead of of last
90
2017 year and ' s year-to-date 15.3 % lower sales than of the 48 59 . sales last month . January
2018 sales were at a mid level compared to January of 2017 and
80
70
60
2016 . January YTD sales of 50 are running 4.2 % ahead of last
70
50
year ' s year-to-date sales of 48 .
60
40
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

50 30
Number of Properties Sold
Number of Properties Sold
40
20
30
10
20
0
10
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
0
15
16
17
18
F
M A M J
Prices
15
The Median Sales Price in January was $ 825,500 , up 21.4 %
1,400
Prices from $ 680,120 in January of 2017 and up 13.1 % from $ 730,000
The last Median month Sales . The Price Average in January Sales Price was $ in 825,500 January , up was 21.4 $ % 1,239,587 ,
1,300
1,400 from up 20.4 $ 680,120 % from in $ January 1,029,912 of 2017 in January and up of 13.1 2017 % from and $ up 730,000 26.8 %
1,200 last month . The Average Sales Price in January was $ 1,239,587 ,
1,300 from $ 977,483 last month . January 2018 ASP was at the
1,100 up highest 20.4 % level from compared $ 1,029,912 to in January of 2017 and up 2016 26.8 . %
1,200
1,000 from $ 977,483 last month . January 2018 ASP was at the
1,100 highest level compared to January of 2017 and 2016 .
900
1,000
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
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
F
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
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
17 A M J
J
A S O N D
J
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
January Total Inventory was 583 , up of Properties 8.4 % from available 538 last for month sale as and of down 2.7 %
January from 599 was in 583 January , up 8.4 of % last from year 538 . last January month 2018 and Inventory down 2.7 % was
700 at from a mid 599 level in January compared of last with year January . January of 2017 2018 and Inventory 2016 . was at
600 a mid level compared with January 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 January for 2018 sellers MSI while of a
11.7200 higher months MSI was is better at a mid for level buyers compared . The January with January 2018 MSI of of 2017 11.7 and months was at a mid level compared with January of 2017 and
100
2016 .
2016 .
0
300
10.0
8.0
200
6.0
100
4.0
2.0
0
0.0
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 S O N D J
15
16
17
18
15
16
17
18
8.0
6.0
4.0
2.0
0.0
49 63 84 88 93 80 62 74 60 47 60 55 55 82 63
3 Mo Avg
49 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 59 50
547 528
534 547
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
590 614 606
614
607 615
627 614
614 606
601 607
581 627
599 614
607 601
633 581
618 599
623 607 623 633
618 618
610 623
593 623
601 618
562 610
538 593
583 601
74 88 80 67 59 46 67 69 48 62 73 70 78 91 61 74 37
562 53 538
3 Mo Avg
54
583 59 50
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 .