FL ARCHIVED January 2018 | Page 110

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

City : Miami

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
$ 429,000
1 %
10 %
Average List Price of all Current Listings
$ 673,087
2 %
14 %
January Median Sales Price
$ 310,000
2 %
3 %
11 %
5 %
$ 310,000
11 %
5 %
January Average Sales Price
$ 363,241
-4%
-1%
8 %
3 %
$ 363,241
8 %
3 %
Total Properties Currently for Sale ( Inventory )
8,004
2 %
-5%
January Number of Properties Sold
693 -25%
-8%
693
-8%
January Average Days on Market ( Solds )
78
-9%
-9% -11%
-6%
78
-11%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 296
-2%
2 %
9 %
8 %
$ 296
9 %
8 %
January Sold Price per Square Foot
$ 208
-4%
0 %
7 %
2 %
$ 208
7 %
2 %
January Month ' s Supply of Inventory
11.5
37 %
13 %
3 %
26 %
11.5
3 %
26 %
January Sale Price vs List Price Ratio
92.9 % -1.0% -. 7 % -1.1% -1.1%
92.9 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
1,400
January Property sales were 693 , down 7.8 % from 752 in
January of 2017 and 25.5 % lower than the 930 sales last month .
1,200
Property
January 2018 Sales sales were at their lowest level compared to
1,400
January Property of 2017 sales and 2016 were . 693 January , down YTD 7.8 % sales from of 752 693 in are
1,000
January running of 7.8 2017 % behind and 25.5 last % lower year ' s than year-to-date the 930 sales sales last of month 752 . .
January 2018 sales were at their lowest level compared to
1,200
800
January of 2017 and 2016 . January YTD sales of 693 are
1,000
running 7.8 % behind last year ' s year-to-date sales of 752 .
600
800
400
600
400
200

Miami

Number of Properties Sold
0
200 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 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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in January was $ 310,000 , up 10.7 %
400
Prices from $ 280,000 in January of 2017 and up 1.6 % from $ 305,000 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in January Sales Price was $ in 310,000 January , up was 10.7 $ % 363,241 ,
380
400 from up 8.4 $ 280,000 % from in $ 334,965 January in of January 2017 and of up 2017 1.6 % and from down $ 305,000 3.6 % from 360 last month . The Average Sales Price in January was $ 363,241 ,
380
$ 376,706 last month . January 2018 ASP was at the highest level 340 up 8.4 % from $ 334,965 in January of 2017 and down 3.6 % from 360 compared to January of 2017 and 2016 .
320
$ 376,706 last month . January 2018 ASP was at the highest level 340 300 compared to January of 2017 and 2016 . 320
280 300
260 280
240 260
220
240 220
200
200 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
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The January Total Inventory was 8,004 of , up Properties 2.2 % from available 7,834 for last sale month as of and down 9,500
14.0
January 5.2 % from was 8,441 8,004 , in up January 2.2 % from of last 7,834 year last . January month and 2018 down 9,500
14.0 12.0 9,000
5.2 Inventory % from 8,441 was at in its January lowest of level last year compared . January with 2018 January of 2017 12.0
9,000 10.0
Inventory and 2016 was . at its lowest level compared with January of 2017 8,500
10.0 and 2016 .
8.0 8,500
8.0 8,000
6.0
A comparatively lower MSI is more beneficial for sellers while 8,000 a 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2018 sellers MSI while of a 11.5 7,500
4.0 higher months MSI was is better at its highest for buyers level . The compared January with 2018 January MSI of 11.5 of 20177,500
2.0 months was at its highest level compared with January of 2017 2.0 and 2016 . 7,000
0.0 and 2016 .
7,000
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
M A J F M A M J
F M A M J 15
16 17
18
1,058 1,204 1,238 1,259 1,296 1,310 1,183 1,114 1,153 988 1,089 824 883 1,100 1,092 1,125 1,190 1,015 1,140 1,023 898 897 1,025 752 854 1,104 981 1,174 1,136 944 1,021 634 870 758 930 693
9,058
8,844
F
15
1,058 1,204
Agent Name
Title Phone Website Other

Community Information | School District

9,058
8,844 1,238 1,259 1,296
8,528
8,302 8,132 8,182 8,097
1,310 1,183 1,114
7,976 8,082 8,054
7,804 1,153
8,528
8,302 8,132 8,182 8,097 7,976 8,082
J A S O N D J
16
988 1,089
8,256 8,575 8,527
8,054 7,804
8,256
Number of Properties Sold
824 883 1,100 1,092 1,125 1,190 1,015 1,140 1,023
8,469 8,434 8,437 8,400 8,272 8,404 8,458 8,514
8,177 8,441 8,467 8,460
J A S O N D J 17
898
8,575 8,527 8,469 8,434 8,437 8,400 8,272 8,404 8,458 8,514 897 1,025 752 854 1,104 981 1,174 1,136
8,268 8,229 8,179 8,299 8,319
8,088 8,318 8,199
7,834 8,004
3 Mo Avg
944 1,021
J A S O N D J 18
634
8,177 8,441 8,467 8,460 8,268 8,229 8,179 8,299 8,319
8,088 8,318 8,199
870
3 Mo Avg
758
7,834
8,004 930 693
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
110 | 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 .