Florida Market Viewpoint June 2017 - Page 100

Market Action Report June 2017 Miami-Dade County Market Action Report County: Miami-Dade Agent Name Title Phone Agent Name Website Title Other June 2017 County: Miami-Dade Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $468,000 4% 10% Other $1,060,159 Trending 1% versus*: 8% Month LM 4% L3M 3% PYM 8% LY $299,942 $468,000 4% 2% 1% 10% 1% $459,968 $1,060,159 1% -3% 8% -5% 19,631 $299,942 2,280 4% -8% 3% 8% -9% 13% $459,968 2% 1% 1% 10% 90 -2% -1% 8% 19,631 -3% -5% $352 -1% -2% 4% 2,280 -8% -9% $258 1% 2% 5% 90 -2% -1% 8% 7% 8.6 5% -3% 5% $352 -1% -2% 4% 1% 93.5% .0% .1% -.7% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Price Current Listings June Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) June Sales Price June Median Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) June Number of Properties Sold June Sold Price per Square Foot June Average Days on Market (Solds) June Month's Supply of Inventory Asking Price per Square Foot (based on New Li stings) June Sale Price vs List Price Ratio June Sold Price per Square Foot $258 1% 8.6 5% 93.5% .0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date June Month's Supply of Inventory June Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales Trending versus*: Prior YTD 10% Prior Year 8% 13% YTD $286,000 10% $452,916 5% 8% $286,000 12,764 10% $452,916 5% 7% 92 -3% 8% 11% 8% 3% 4% 10% 5% 3% -1% 1% $361 12,764 -3% 8% $252 92 11% -11% 10.0 $361 3% -.6% 93.3% 10% 3% 5% 3% -1% 2% 5% 8% $252 4% 5% -3% 5% -11% 10.0 5% 3% of 93.3% Properties .1% -.7% Number -.6% -1% Sold -1% 3,000 June Property sales were 2,280, down 9.2% from 2,512 in June of 2016 and 7.7% lower than the 2,469 sales last month. June 2,500 Property 2017 sales Sales were at their lowest level compared to June of 2016 3,000 June sales were 2,280, down 9.2% from 2,512 in behind June and Property 2015. June YTD sales of 12,764 are running 3.1% 2,000 of last 2016 and year-to-date 7.7% lower than the of 2,469 sales last month. June year's sales 13,168. 2,500 2017 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 12,764 are running 3.1% behind last year's year-to-date sales of 13,168. Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg Number of Properties Sold 3 Mo Avg 1,500 2,000 1,000 2,367 2,385 1,929 1,706 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 14 15 16 17 J A S O N D J F M Median A M J J Sales A S O Price N D J and F M A Average M J J A Sales S O N Price D J F M A M J 0 Prices 14 The Median Sales Price in June was $299,942, up 8.2% from 500 Prices $277,100 in June of 2016 and up 3.8% from $289,000 last The Median Sales Price Sales in June was in $299,942, 8.2% from up 0.8% month. The Average Price June was up $459,968, 500 450 $277,100 in June in of June 2016 of and up 3.8% from $289,000 last from $456,125 2016 and up 2.4% from $449,397 last month. Average Price June was $459,968, up 0.8% month. The June 2017 Sales ASP was at in the highest level compared to 450 400 from June of 2016 and up 2.4% from $449,397 last June $456,125 of 2016 in and 2015. month. June 2017 ASP was at the highest level compared to 400 350 June of 2016 and 2015. 0 500 1,000 500 1,500 15 16 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 350 300 300 250 250 200 Inventory & MSI 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 15 A M J J A S O N D J F M 16 J A 14 S O N D J F M A M J J A S O N D J F M A 17 M J 14 15 16 17 20,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 19,000 19,000 A comparatively lower MSI is more beneficial for sellers while a 18,000 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 8.6 a 18,000 17,000 higher MSI is better for buyers. June 2017 MSI of 8.6 months was at its highest level The compared with June of 2016 and 17,000 months was at its highest level compared with June of 2016 and 16,000 2015. 16,000 2015. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 15 16 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con . 14.0 8.0 6.0 4.0 2.0 0.0 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 J F M A M J 14 15 16 17 14 100 | c 14.0 The Total Inventory Inventory & MSI of Properties available for sale as of June 22,000 was Total 19,631, down 3.5% from 20,341 last for month and The Inventory of Properties available sale as of down June 4.5% from 20,558 in June of last 20,341 year. last June 2017 and Inventory was at a 22,000 was 19,631, down 3.5% from month down 4.5% 21,000 from in June of with last year. June 2017 Inventory mid 20,558 level compared June of 2016 and 2015. was at a 21,000 20,000 mid level compared with June of 2016 and 2015. 200 17 Data provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.