Florida Market Viewpoint June 2017 - Page 114

Market Action Report City: Miami Beach June 2017 Miami Beach Agent Name Title Phone Agent Name Website Title Other June 2017 City: Miami Beach 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 Trending versus*: Prior YTD Prior Year YTD $579,000 2% -1% Other $1,721,690 Trending -2% versus*: -7% Trending versus*: Month LM 16% L3M 10% PYM 2% LY 15% YTD Prior YTD -3% Prior Year $425,000 $375,000 $579,000 2% 16% 12% -1% -8% 19% $978,255 $925,360 10% $1,721,690 3,286 -2% -2% -7% 4% $425,000 180 16% -8% 10% 2% -14% 15% $375,000 1,069 -3% -10% 1% $978,255 139 16% -7% 12% -4% -8% 11% 19% 13% $925,360 10% 146 25% 12% 3,286 -2% 4% $647 -8% -5% -11% -11% $693 -7% 180 -8% -14% 1,069 -10% $613 13% 10% 5% 11% $562 0% 139 -7% -4% 11% 13% 146 25% 19% 18.3 7% 3% 22% -2% 19.4 19% $647 -8% -5% -11% -11% $693 -7% -4% 88.3% -.7% -.2% -1.6% -2.0% 88.5% -2% Average List P rice 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 1% 12% 19% -4% 1% 4% -2% $613 13% 10% 5% 11% $562 0% 1% 18.3 7% 3% 22% -2% 19.4 19% 4% Number of 88.5% Properties 88.3% -.7% -.2% -1.6% -2.0% -2% Sold -2% * 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 350 June Property sales were 180, down 14.3% from 210 in June of 2016 and 8.2% lower than the 196 sales last month. June 2017 300 Property sales were Sales at their lowest level compared to June of 2016 and 350 June Property sales sales were of 180, down from 9.8% 210 in June of 250 2015. June YTD 1,069 are 14.3% running behind last 2016 and 8.2% lower sales than the 196 sales last month. June 2017 300 year's year-to-date of 1,185. 200 sales were at their lowest level compared to June of 2016 and Prices 14 The Median Sales Price in June was $425,000, up 2.4% from Prices $415,000 in June of 2016 and up 16.4% from $365,000 last 1,300 The Median Sales Price Sales in June was in $425,000, 2.4% from down month. The Average Price June was up $978,255, $415,000 in June of 2016 in and up of 16.4% 8.5% from $1,068,837 June 2016 from and $365,000 up 15.8% last from 1,300 1,100 month. The last Average Sales Price in June down $844,825 month. June 2017 ASP was was $978,255, at a mid range 8.5% from $1,068,837 in June of 2016 and up 15.8% from compared to June of 2016 and 2015. 1,100 900 $844,825 last month. June 2017 ASP was at a mid range 203 16 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 900 700 500 300 Inventory & MSI 500 300 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 30.0 The Total Inventory Inventory & MSI of Properties available for sale as of June 4,000 was Total 3,286, down 2.1% from 3,357 last month and The Inventory of Properties available for sale as up of 4.3% June from 4,000 3,500 3,150 in June last from year. 3,357 June last 2017 Inventory at from its was 3,286, down of 2.1% month and up was 4.3% 3,500 3,000 3,150 in June last year. with June June 2017 of Inventory was at its highest level of compared 2016 and 2015. highest level compared with June of 2016 and 2015. 3,000 2,500 2,500 2,000 2,000 1,500 A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 A higher comparatively lower MSI is more The beneficial for sellers a MSI is better for buyers. June 2017 MSI while of 18.3 1,000 higher MSI is better for buyers. June 2017 MSI of 18.3 500 months was at its highest level The compared with June of 2016 and 500 months 0 2015. was at its highest level compared with June of 2016 and 700 0 2015. 20.0 15.0 10.0 5.0 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 . 25.0 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 14 15 16 17 14 114 | c 213 15 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 compared to June of 2016 and 2015. 0 50 50 100 100 150 3 Mo Avg 150 200 250 Number of Properties Sold 2015. June YTD sales of 1,069 are running 9.8% behind last year's year-to-date sales of 1,185. 3 Mo Avg Market Action Report 17 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.