Florida Market Viewpoint June 2017 - Page 112

Market Action Report Miami City: Miami Agent Name Market Action Report City: Miami June 2017 Title Phone Agent Name Website Title Other June 2017 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 $425,000 2% 10% Other $655,222 Trending 2% versus*: 15% Month LM 1% L3M 1% PYM 7% LY $296,500 $425,000 2% 3% 1% 10% -2% $353,296 $655,222 7,626 2% -3% 15% -9% $296,500 1,032 1% -10% 1% 7% -13% 11% $353,296 3% 1% -2% 10% 84 8% 4% 9% 7,626 -3% -9% $296 -2% 0% 6% 1,032 -10% -13% $220 -3% 0% 6% 84 8% 4% 9% 8% 7.4 7% -2% 5% $296 -2% 0% 6% 6% 94.5% .1% .3% -.1% 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 $220 -3% 7.4 7% 94.5% .1% * 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 Prior Year YTD Trending versus*: Prior YTD 13% Prior Year 8% 11% YTD $290,000 10% $344,096 8% 7% $290,000 5,839 13% $344,096 8% 8% 82 -6% 8% 5% 7% 7% 9% 5% 3% 6% -1% 6% $296 5,839 -6% 9% $216 82 5% -11% 8.5 $296 7% -.2% 94.1% 5% 6% 7% 2% -1% 0% 6% 9% $216 9% 7% -2% 5% -11% 8.5 3% 2% of 94.1% Properties .3% -.1% Number -.2% -1% Sold -1% 1,400 June Property sales were 1,032, down 13.2% from 1,189 in June of 2016 and 9.7% lower than the 1,143 sales last month. June 1,200 Property 2017 sales Sales were at their lowest level compared to June of 2016 1,400 June sales were 1,032, down 13.2% from 1,189 June last 1,000 and Property 2015. June YTD sales of 5,839 are running 5.8% in behind of year's 2016 year-to-date and 9.7% lower than 1,143 sales last month. June 1,200 sales of the 6,197. 800 2017 sales were at their lowest level compared to June of 2016 3 Mo Avg Number of Properties Sold 3 Mo Avg and 2015. June YTD sales of 5,839 are running 5.8% behind last 1,000 600 year's year-to-date sales of 6,197. 800 Prices 340 320 300 280 260 240 220 200 Inventory & MSI 14 400 380 360 340 320 300 280 260 240 220 200 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) 6,000 12.0 12.0 6,000 4,000 10.0 8.0 6.0 4,000 4.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 7.4 a 2,000 higher MSI is better for buyers. June 2017 MSI of 7.4 months was at its highest level The compared with June of 2016 and 2,000 2.0 months 0 2015. was at its highest level compared with June of 2016 and 0 0.0 2015. 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 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 17 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 8,000 112 | c 883 16 Median Sales Price and Average Sales Price The Total Inventory Inventory & MSI of Properties available for sale as of June 12,000 was Total 7,626, down 3.4% from 7,892 last month and 8.7% The Inventory of Properties available for sale as down of June from 8,349 in June last 7,892 year. last June 2017 and Inventory was at its 12,000 was 7,626, down 3.4% of from month down 8.7% 10,000 from 8,349 in compared June of last with year. June June was at its lowest level of 2017 2016 Inventory and 2015. 10,000 8,000 lowest level compared with June of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a 1,180 1,109 15 last month. June 2017 ASP was at a mid range compared to June of 2016 and 2015. 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 The Median Sales Price in June was $296,500, up 6.7% from Prices $278,000 in June of 2016 and up 0.5% from $295,000 last The Median Sales Price Sales in June was in $296,500, 6.7% from down month. The Average Price June was up $353,296, 400 $278,000 in $360,183 June of 2016 and up 0.5% and from up $295,000 last $341,687 1.9% from in June of 2016 3.4% from month. The Average Sales ASP Price in June was range $353,296, down to 380 last month. June 2017 w as at a mid compared 1.9% $360,183 in June of 2016 and up 3.4% from $341,687 360 June from of 2016 and 2015. 0 200 200 400 400 600 10.0 8.0 6.0 4.0 2.0 0.0 Data provided courtesy of 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 d Greater w Fort e l Fort l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin 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.