FL ARCHIVED May 2017 | Page 102

Market Action Report
May 2017
Miami-Dade
County
Market Action Report
County: Miami-Dade
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 2017
County: Miami-Dade 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
$465,000
3%
10%
Other
$1,069,866 Trending
2% versus*: 8%
Month
LM -1%
L3M 2%
PYM 9%
LY
$290,000
$465,000
3% 0% -1%
10% 10%
$456,928
$1,069,866
2% -3%
8% -3%
19,830
$290,000 2,299
-1% 9%
2% 9% -0%
9%
$456,928 0%
-1%
10%
9%
92 3% 1% 14%
19,830 -3%
-3%
$358 2% -1% 8%
2,299 9%
-0%
$255 0% 1% 6%
92 3% 1% 14% 10%
8.6 -11% -4% -3%
$358 2% -1% 8% 2%
93.4% .0% .2% -.7%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median
List Price
of all
Current Listings
May Average
Sales
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
May
Sales
Price
May Median
Number
of Properties
Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
May Number of Properties Sold
May Sold Price per Square Foot
May Average Days on Market (Solds)
May Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
May Sale Price vs List Price Ratio
May Sold Price per Square Foot
Trending versus*:
YTD
Prior YTD 12%
Prior Year
$285,000
9%
9%
$453,613
$285,000 10,270
12%
$453,613
7%
10%
92
2%
$363
10,270
-4%
7%
$251
92
11%
-11%
10.3
$363
3%
-.7%
93.2%
7% 8%
8%
-4% 8%
11% 8%
3%
3%
10%
6%
4%
-1% 10%
4%
5%
6%
-1%
$255 0% 1% 6% 7%
$251
3%
5%
8.6 -11% -4% -3% -11%
10.3
6%
6%
of 93.2%
Properties
93.4% .0% .2% -.7% Number
-.7%
-1% Sold -1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May Month's Supply of Inventory
May 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
3,000
May Property sales were 2,299, down 0.2% from 2,303 in May
of 2016 and 9.5% higher than the 2,100 sales last month. May
2,500
Property
2017 sales Sales
were at their lowest level compared to May of 2016 3,000
May
sales
were
2,299,
down 0.2%
from 2,303
in May
and Property
2015. May
YTD
sales
of 10,270
are running
3.6%
behind
2,000
of last
2016
and year-to-date
9.5% higher than
sales last month. May
year's
sales the
of 2,100
10,651.
2,500
2017 sales were at their lowest level compared to May of 2016
and 2015. May YTD sales of 10,270 are running 3.6% behind
last year's year-to-date sales of 10,651.
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
Number of Properties Sold
3 Mo Avg
1,500
2,000
1,000
2,383
2,759
1,706
2,250
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
14
15
16
17
J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
Average Sales Price
3 Mo Avg
0
Prices
14
The Median Sales Price in May was $290,000, up 9.4% from
500
Prices
$265,000 in May of 2016 and down 0.9% from $292,750 last
The
Median
Sales
Price Sales
in May Price
was $290,000,
9.4% from up 9.8%
month.
The
Average
in May was up
$456,928,
500 450
$265,000
in May in
of May
2016 of and
down
from from
$292,750
last last
from $416,302
2016
and 0.9%
up 0.0%
$456,924
month.
Average
Sales was
Price
was $456,928,
up 9.8%
month. The
May
2017 ASP
at in
the May
highest
level compared
to May
450 400
from
$416,302
in May of 2016 and up 0.0% from $456,924 last
of 2016
and 2015.
month. May 2017 ASP was at the highest level compared to May 400 350
of 2016 and 2015.
0
500
1,000 500
1,500
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
350 300
300 250
250 200
Inventory & MSI
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 A M J J A S O N D J F M 16
J J 14
A S O N D J F M
A M J J A S O N D J F M A 17 M
14
15
16
17
20,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
19,000
19,000
A comparatively lower MSI is more beneficial for sellers while a 18,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
8.6 a 18,000
higher
MSI
is better
for level
buyers.
The May
2017
MSI of of 2016
8.6 and 2015. 17,000
months
was
at a mid
compared
with
May
17,000
months was at a mid level compared with May of 2016 and 2015.
16,000
16,000
12.0
12.0 10.0
10.0
8.0
6.0
4.0
2.0
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
.
14.0
8.0
6.0
4.0
2.0
0.0
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 A M
14
15
16
17
14
102 | c
14.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
22,000
was Total
19,830,
down of
2.7%
from 20,387
last for
month
and
The
Inventory
Properties
available
sale as
of down
May 3.5%
from
20,539
in May
last 20,387
year. May
2017 Inventory
was
19,830,
down
2.7% of from
last month
and down was
3.5% at a 22,000
21,000
from
in May of with
last year.
May
2017
Inventory
mid 20,539
level compared
May of
2016
and
2015. was at a
21,000
20,000
mid level compared with May of 2016 and 2015.
200
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
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.