Florida Market Viewpoint June 2017 - Page 106

Market Action Report City: Coral Gables June 2017 Coral Gables Agent Name Title Phone Agent Name Website Title Other June 2017 City: Coral Gables 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 $982,000 -2% -1% Other $1,888,866 Trending -1% versus*: 1% Month LM 19% L3M 8% PYM 1% LY $730,000 $982,000 -2% 3% -8% -1% 2% $985,193 $1,888,866 592 -1% -1% 1% -3% $730,000 19% 8% 10% 87 12% 1% -1% $985,193 3% -8% 2% -9% 96 2% 3% 17% 592 -1% -3% $463 3% 1% 10% 87 12% -1% $389 4% 2% 2% 96 2% 3% 17% 4% 6.8 -12% -12% -2% $463 3% 1% 10% 7% 92.5% .9% .2% -.3% 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 Listings) June Sale Price vs List Price Ratio June Sold Price per Square Foot Trending versus*: Prior YTD 4% Prior Year 2% 10% YTD $676,000 -9% $1,055,411 -3% -3% $676,000 $1,055,411 4% 4% 417 -3% 98 7% $452 417 0% 2% $379 98 5% -26% 8.9 $452 3% .4% 91.7% 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 June Property sales were 87, down 1.1% from 88 in June of 2016 and 11.5% higher than the 78 sales last month. June 2017 sales Property Sales were at their lowest level compared to June of 2016 and 2015. 100 June sales 87, running down 1.1% from 88 in of June 2016 year- June Property YTD sales of were 417 are 0.2% ahead last of year's 90 and 11.5% sales higher to-date of than 416. the 78 sales last month. June 2017 sales 3 Mo Avg 80 70 80 60 14 500 Inventory & MSI Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 300 14.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 12.0 10.0 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 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 . 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 400 14 106 | c 74 55 3 Mo Avg A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 6.8 a 200 100 higher MSI is better for level buyers. The June 2017 MSI of of 2016 6.8 and months was at a mid compared with June 100 months 0 2015. was at a mid level compared with June of 2016 and 0 3 Mo Avg 17 400 16 Median Sales Price and Average Sales Price 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 700 was Total 592, Inventory down 1.3% 600 last month The of from Properties available for and sale down as of 3.1% June from 611 592, in June last from year. 600 June 2017 Inventory was 3.1% at a from mid level 700 600 was down of 1.3% last month and down 611 in June of last June year. of June 2017 compared with 2016 and Inventory 2015. was at a mid level 600 500 500 15 Prices 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 Median Sales Price and Average Sales Price 0 10 10 20 20 30 30 40 40 50 50 70 60 The Median Sales Price in June was $730,000, up 1.0% from 1,500 Prices $722,500 in June of 2016 and up 18.9% from $613,950 last The Median Sales Price Sales in June was in $730,000, 1.0% from up 2.3% 1,400 month. The Average Price June was up $985,193, 1,500 $722,500 in June in of June 2016 of and up and 18.9% last from $962,741 2016 up from 3.2% $613,950 from $954,247 last 1,300 1,400 1,200 month. Average Price June was $985,193, up 2.3% month. The June 2017 Sales ASP was at in the highest level compared to 1,300 1,100 from $962,741 in June of 2016 and up 3.2% from $954,247 last June of 2016 and 2015. 1,200 month. June 2017 ASP was at the highest level compared to 1,000 1,100 June of 2016 and 2015. 900 1,000 800 900 700 800 600 700 600 500 2015. 3 Mo Avg Number of Properties Sold 90 0 compared with June of 2016 and 2015. 7% 4% -1% -2% -0% 100 were at their lowest level compared to June of 2016 and 2015. June YTD sales of 417 are running 0.2% ahead of last year's year- to-date sales of 416. 0% 2% 5% -3% 3% -1% 7% 3% 4% -1% $389 4% 2% 2% 2% $379 -1% -1% 6.8 -12% -12% -2% -26% 8.9 3% -2% of 91.7% Properties 92.5% .9% .2% -.3% Number .4% -1% Sold -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 Trending versus*: Prior YTD Prior Year YTD Market Action Report 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 buye r seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.