FL ARCHIVED May 2017 | Page 106

Market Action Report
May 2017
Coconut
Grove
Market Action Report
City: Coconut Grove
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 2017
City: Coconut Grove Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Trending versus*:
Month
LM L3M PYM
LY
Website
$1,850,000
-12%
71%
Other
Market Profile & Trends Overview
Median
Price
all Current Listings
Price
Range: All List
| Properties:
SFH of
- Con
Trending versus*:
Prior YTD Prior Year
YTD
$2,713,715 Trending
-4% versus*:
48%
Trending versus*:
Month
LM 123%
L3M 63%
PYM 119%
LY 163% YTD
Prior YTD 32%
Prior Year
$2,100,000
$1,220,000
$1,850,000
-12% 64% 29%
71% 81% 109% $1,672,620
$2,251,887
43%
$2,713,715 123
-4% -1% 48% -17%
$2,100,000 123% 63% 119% 163% $1,220,000
32%
53%
15 -21%
25%
57
0%
$2,251,887 64% 29% 81% 109% $1,672,620
43%
55%
140 -11% -7% -3% 13%
157
57%
123 -1%
-17%
$527 -12% -14% 3% -7%
$624
18%
15 -21%
25%
57
0%
$550 15% 8% 34% 29%
$498
6%
140 -11% -7% -3% 13%
157
57%
27%
8.2
26%
-17%
-34%
-41%
14.1
-10%
$527 -12% -14% 3% -7%
$624
18%
10%
-2% 16%
$550 89.3%
15% .3%
8% .7%
34% 5.1%
29% 1.9% $498 88.8%
6%
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 Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
May 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 Sold
Sale Price
Price per
vs Square
List Price
May
Foot Ratio
53%
55%
27%
10%
16%
2%
1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
8.2 26% -17% -34% -41%
14.1 -10%
2%
Number of 88.8%
Properties
89.3% .3% .7% 5.1% 1.9%
-2% Sold 1%
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
14
The Median Sales Price in May was $2,100,000, up 119.3% from
Prices
$957,500 in May of 2016 and up 123.4% from $940,000 last
2,200
The
Median
Sales
Price Sales
in May Price
was $2,100,000,
up 119.3% from
month.
The
Average
in May was $2,251,887,
up
2,000
$957,500
in May
of 2016 and
up 123.4%
2,200
81.2% from
$1,242,792
in May
of 2016 from
and $940,000
up 63.6% last
from
month.
The Average
Sales May
Price 2017
in May
was
$2,251,887,
up level 2,000 1,800
$1,376,047
last month.
ASP
was
at the highest
1,600
81.2%
from
$1,242,792
in
May
of
2016
and
up
63.6%
from
compared to May of 2016 and 2015.
1,800
$1,376,047 last month. May 2017 ASP was at the highest level
1,400
1,600
compared to May of 2016 and 2015.
1,200
1,400
1,200 1,000
1,000 800
800 600
600 400
400
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while 100
a
A higher
comparatively
lower MSI
is more The
beneficial
fo r sellers
while
MSI is better
for buyers.
May 2017
MSI of
8.2 a
higher MSI is better for buyers. The May 2017 MSI of 8.2
months was at its lowest level compared with May of 2016 and 50
months was at its lowest level compared with May of 2016 and
2015.
0
2015.
.
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
150
100
50
25.0
20.0
15.0
10.0
5.0
0
0.0
30.0
25.0
20.0
15.0
10.0
5.0
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
15
16
17
14 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
106 | c
11
15
Median Sales Price 16 and Average Sales Price
17
150
15
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
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
250
The
of Properties
available
sale down
as of 17.4%
May from
was Total
123, Inventory
down 0.8%
from 124 last
month for and
was
down of 0.8%
from 124
month
and down
149 123,
in May
last year.
May last
2017
Inventory
was 17.4%
at its from
lowest 250
200
149
in May
of last with
year. May
May of
2017
Inventory
was at its lowest
level
compared
2016
and 2015.
200
level compared with May of 2016 and 2015.
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 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
Prices
0
5 5
10 10
15
15
0
3 Mo Avg
20
20
Number of Properties Sold
25
were at their highest level compared to May of 2016 and 2015.
May YTD sales of 57 are running equal to last year's year-to-
date sales of 57.
30
May Property sales were 15, up 25.0% from 12 in May of 2016
and 21.1% lower than the 19 sales last month. May 2017 sales
Property
Sales
were at their
highest level compared to May of 2016 and 2015. 30
May
sales
15, running
up 25.0%
from to
12 last
in May
of 2016
May Property
YTD sales
of were
57 are
equal
year's
year-to-
and
21.1%
25
date
sales lower
of 57. than the 19 sales last month. May 2017 sales
3 Mo Avg
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
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
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
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.