FL ARCHIVED March 2018 | Page 198

Market Action Report March 2018
Community Information | School District
Market Action Report March 2018

County : Miami-Dade Price Range : All | Properties : SFH - Con

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 469,990
3 %
9 %
Average List Price of all Current Listings
$ 1,069,376
2 %
7 %
March Median Sales Price
$ 310,000
5 %
3 %
9 %
7 %
$ 300,000
7 %
3 %
March Average Sales Price
$ 495,688
-2%
3 %
6 %
11 %
$ 488,865
8 %
10 %
Total Properties Currently for Sale ( Inventory )
20,801
-2%
-4%
March Number of Properties Sold
2,062
28 %
-17%
5,339
-10%
March Average Days on Market ( Solds )
92 -12% -3%
1 %
1 %
96
3 %
5 %
Asking Price per Square Foot ( based on New Listings )
$ 331
-4%
-5%
-1%
0 %
$ 345
3 %
4 %
March Sold Price per Square Foot
$ 250
-2%
1 %
6 %
6 %
$ 250
7 %
6 %
March Month ' s Supply of Inventory
10.1 -23% -16% 16 %
-6%
11.9
7 %
12 %
March Sale Price vs List Price Ratio
93.0 %
. 5 %
. 2 %
-. 1 %
-. 2 %
92.7 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
3,000 March Property sales were 2,062 , down 16.7 % from 2,475 in March of 2017 and 27.5 % higher than the 1,617 sales last month .
2,500 Property March 2018 Sales sales were at their lowest level compared to March 3,000 March of 2017 Property and 2016 sales . March were 2,062 YTD , sales down of 16.7 5,339 % from are 2,475 running 10.0 % March of 2017 and 27.5 % higher than the 1,617 sales last month . 2,000 behind last year ' s year-to-date sales of 5,929 .
2,500
March 2018 sales were at their lowest level compared to March of 2017 and 2016 . March YTD sales of 5,339 are running 10.0 % 1,500
2,000 behind last year ' s year-to-date sales of 5,929 .
1,000 1,500
Agent Name

Miami-Dade County Title

Phone Website Other

Community Information | School District

1,000
500
2,676 2,651 2,762
Number of Properties Sold
500
0
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
0
15
16
17
18
Prices
The Median Sales Price in March was $ 310,000 , up 8.8 % from
Prices
$ 285,000 in March of 2017 and up 5.1 % from $ 295,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 310,000 was , up $ 495,688 8.8 % from , up
600
$
6.3 285,000 % from in $ March 466,218 of 2017 in March and up of 5.1 2017 % from and down $ 295,000 1.8 % last from month
$ 504,582 . The last Average month Sales . March Price 2018 in March ASP was was $ 495,688 at the highest , up level
550
6.3 compared % from $ to 466,218 March in of March 2017 of and 2017 2016 and . down 1.8 % from
500
A
M J
15
600
550
500
450
J
A S O N
DMedian
J
F M A Sales M J
J Price
A S O and N D Average
J
F M A MSales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 504,582 last month . March 2018 ASP was at the highest level compared to March of 2017 and 2016 .
450
400
400
350
350
300
300
250
2,676 2,651 2,762 2,775 2,398 2,380 2,449 1,973 2,276 1,718 1,939 2,380 2,358 2,320 2,518 2,190 2,344 2,146 1,896 1,917 2,106 1,666 1,788 2,475 2,159 2,529 2,511 2,093 2,184 1,407 1,861 1,720 2,032 1,660 1,617 2,062
19,538
19,007 18,504 18,515 18,327 2,775 2,398 2,380 2,449
18,312 18,730 18,954 18,752
1,973 2,276
19,935 20,754 20,833 1,718 1,939
Number of Properties Sold
250
200
200
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
15 J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 20,801 Inventory , down of 1.9 Properties % from 21,203 available last for month sale as and of down March 3.6 %
22,000 was from 20,801 21,571 , down in March 1.9 % from of last 21,203 year . last March month 2018 and Inventory down 3.6 % was at
22,000
21,000 from its lowest 21,571 level in March compared of last with year . March of 2018 2017 Inventory and 2016 was . at
21,000 its lowest level compared with March of 2017 and 2016 .
20,000
20,000
19,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
12.0
10.0
16.0
14.0
12.0
10.0
8.0
19,000
8.0
A comparatively lower MSI is more beneficial for sellers while a
18,000
6.0
A comparatively lower MSI is more beneficial for sellers while a
18,000 higher MSI is better for buyers . The March 2018 MSI of 10.1 higher MSI is better for buyers . The March 2018 MSI of 10.1
17,000
4.0 months was at its highest level compared with March of 2017
17,000 months was at its highest level compared with March of 2017
2.0 and 2016 .
16,000 and 2016 .
16,000
0.0
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
J A S O N D J
F M
15
16
17
18
15
16
17
18
6.0
4.0
2.0
0.0
19,538
19,007 18,504 18,515 18,327 18,312 18,730 18,954 18,752
2,380 2,358 2,320 2,518 2,190 2,344 2,146
20,867 20,754
20,793
20,833 20,795 20,728
20,867
20,669 20,793
20,816 20,795
20,945 20,728
20,669 21,271
20,584 20,816 21,395
19,935
1,896
20,945
21,271 1,917 2,106 1,666
21,501
20,584 21,571 21,270 21,185
1,788 2,475 2,159 2,529 2,511 2,093
21,395 21,501 21,571 21,270 21,185 20,921 21,083 21,112
2,184
20,921 21,083 21,112
20,626 21,368
21,044
20,342 20,970 21,203
20,801
3 Mo Avg
1,407
20,626 21,368
21,044
1,861 1,720
20,342 20,970
2,032
3 Mo Avg
1,660
21,203
20,801 1,617 2,062
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
100 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .