Florida Market Viewpoint June 2017 - Page 104

Market Action Report June 2017 Coconut Grove Market Action Report City: Coconut Grove Agent Name Title Phone Agent Name Website Title Other June 2017 City: Coconut Grove Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website $1,699,000 Other Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con LM Trending versus*: L3M PYM LY -4% 51% $2,587,826 Trending -4% versus*: 43% Month LM -37% L3M 9% PYM 101% LY $1,325,000 $1,699,000 -4% -21% 4% 51% 63% $1,770,250 $2,587,826 117 -4% -6% 43% -23% $1,325,000 -37% 9% 101% 66% 10 -33% -58% $1,770,250 -21% 4% 63% 64% 122 -13% -13% -16% 117 -6% -23% $577 3% -1% 21% 10 -33% -58% $452 -18% -10% 29% 122 -13% -13% -16% -2% $577 11.7 3% 40% -1% 32% 21% 85% 1% 87.9% -1.6% -1.3% $452 -18% -10% 29% 5.4% 6% 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 Listings Total Properties Currently for Sale (Inventory) June Median Sales Price June 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 Listings) June Sold Sale Price Price per vs Square List Price June Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 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 400 Inventory & MSI 16 Median Sales Price and Average Sales Price 16 17 15 Median Sales Price and Average Sales Price 3 Mo Avg 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 25.0 20.0 150 100 50 15.0 10.0 5.0 0 0.0 30.0 25.0 20.0 15.0 10.0 5.0 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 15 16 17 14 14 15 16 17 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 . 3 Mo Avg 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 The Total Inventory Inventory & MSI of Properties available for sale as of June 250 The of from Properties available sale as of 23.0% June from was Total 117, Inventory down 6.4% 125 last month for and down was down of 6.4% last 2017 month and down 23.0% 152 117, in June last from year. 125 June Inventory was at its from lowest 250 200 152 in June of last with year. June June of 2017 Inventory was at its lowest level compared 2016 and 2015. 200 104 | c 20 11 14 A comparatively lower MSI is more beneficial for sellers while 100 a A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 11.7 a higher MSI is better for buyers. The June 2017 MSI of 11.7 months was at its highest level compared with June of 2016 and 50 months was at its highest level compared with June of 2016 and 2015. 0 2015. 3 Mo Avg 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 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 The Median Sales Price in June was $1,325,000, up 100.8% Prices from $659,750 in June of 2016 and down 36.9% from 2,200 The Median Sales in June $1,325,000, up 100.8% $2,100,000 last Price month. The was Average Sales Price in June was 2,000 from $659,750 up in 63.3% June of from 2016 $1,084,271 and down 36.9% from $1,770,250, in June of 2016 and 2,200 1,800 $2,100,000 last month. The Average Sales Price in 2017 June ASP was was 2,000 down 21.4% from $2,251,887 last month. June at 1,600 $1,770,250, 63.3% from $1,084,271 in 2016 June and of 2016 and the highest up level compared to June of 2015. 1,800 down 21.4% from $2,251,887 last month. June 2017 ASP was at 1,400 1,600 the highest level compared to June of 2016 and 2015. 1,200 1,400 1,200 1,000 1,000 800 800 600 600 400 150 0 5 5 10 level compared with June of 2016 and 2015. 23% 9% 15% -1% 1% 15 10 Prices 56% -17% 57% -2% 152 35% 1% $622 20% 67 -17% 6% $491 13% 152 35% 23% -16% $622 13.8 20% -3% 9% .3% $491 88.7% 13% 1% 15% 20 15 0 57% 67 47% Number of Properties Sold 25 20 $1,250,000 $1,687,192 30 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 67 are running 17.3% behind last year's year-to-date sales of 81. Trending versus*: Prior YTD 57% Prior Year 56% 66% YTD $1,250,000 64% $1,687,192 47% 57% 11.7 40% 32% 85% -16% 13.8 -3% -1% of 88.7% Properties 87.9% -1.6% -1.3% 5.4% Number .3% 1% Sold 1% June Month's Supply of Inventory June Property sales were 10, down 58.3% from 24 in June of 2016 and 33.3% lower than the 15 sales last month. June 2017 Property sales were Sales at their lowest level compared to June of 2016 and 30 June Property sales sales were of 10, 67 down 58.3% from 24 behind in June last of year's 2015. June YTD are running 17.3% 2016 and 33.3% lower 25 year-to-date sales of than 81. the 15 sales last month. June 2017 Trending versus*: Prior YTD Prior Year YTD 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 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 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 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.