FL ARCHIVED May 2017 | Page 114

Market Action Report
Miami
City: Miami
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
May 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
4%
12%
Other
$655,997 Trending
4% versus*:
14%
Month
LM 0%
L3M 2%
PYM 11%
LY
$295,000
$425,000
4% -5% -1%
12% 7%
$339,736
$655,997 7,670
4% -3% 14% -8%
$295,000 1,067
0% 11%
2% 11% -5%
10%
$339,736 -5%
-1%
7%
6%
79 -2% -2% 1%
7,670 -3%
-8%
$303 2% 2% 12%
1,067 11%
-5%
$222 1% 3% 10%
79 -2% -2% 1% 1%
7.2 -13% -6% -3%
$303 2% 2% 12% 8%
94.4% .3% .4% -.3%
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
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
1,400
May Property sales were 1,067, down 4.9% from 1,122 in May of
2016 and 11.4% higher than the 958 sales last month. May 2017 1,200
Property
sales were Sales
at their lowest level compared to May of 2016 and 1,400
May
Property
sales sales
were of
1,067,
down
4.9% from
1,122
in May last
of
1,000
2015.
May YTD
4,709
are running
5.9%
behind
2016
and
11.4% higher sales
than of the
958 sales last month. May 2017 1,200
year's
year-to-date
5,006.
800
sales were at their lowest level compared to May of 2016 and
1,000
8%
$297
4,709
-6%
10%
$214
82
5%
-13%
8.8
$297
7%
-.3%
94.0%
3 Mo Avg
3 Mo Avg
Prices
14
400
380
360
340
320
300
280
260
240
220
200
15
16
Median Sales Price and Average Sales Price
17
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
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
6,000
6,000
12.0
12.0
4,000
4,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
7.2 a
2,000
higher
MSI
is better
for level
buyers.
The May
2017
MSI of of 2016
7.2 and 2015.
months
was
at a mid
compared
with
May
2,000
months was at a mid level compared with May of 2016 and 2015.
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
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
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
10.0
8,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
12,000
was Total
7,670,
down 3.0%
from 7,910
last month
and
8.0%
The
Inventory
of Properties
available
for sale
as down
of May
from
8,340
in May
last 7,910
year. last
May
2017 and
Inventory
was at its 12,000
was
7,670,
down
3.0% of from
month
down 8.0%
10,000
from
8,340
in compared
May of last with
year. May
May of 2017
Inventory
was at its
lowest
level
2016
and 2015.
10,000
8,000
lowest level compared with May of 2016 and 2015.
.
819
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
114 | c
1,179
1,081
1,307
0
200
A comparatively lower MSI is more beneficial for sellers while a
5%
6%
6%
6%
-1%
Number of Pr operties Sold
200
400
Inventory & MSI
-6% 8%
5% 6%
7%
9%
5%
3%
6%
-1%
400
600
month. May 2017 ASP was at the highest level compared to May 340
320
of 2016 and 2015.
300
280
260
240
220
200
$289,000 4,709
14%
$341,753
11%
1%
82
600
800
The Median Sales Price in May was $295,000, up 11.3% from
Prices
$265,000 in May of 2016 and equal to $295,000 last month.
The
Sales
Price
in May
was was
$295,000,
up 11.3%
from
The Median
Average
Sales
Price
in May
$339,736,
up 6.8%
from
400
$265,000
$295,000
last month. last
$318,119 in
in May
May of of 2016
2016 and
and equal
down to 5.3%
from $358,896
380
The
Average
Sales
Price
May at was
up 6.8%
from to May
month.
May
2017
ASP in was
the $339,736,
highest level
compared
360
$318,119
in
May
of
2016
and
down
5.3%
from
$358,896
last
of 2016 and 2015.
Trending versus*:
$222 1% 3% 10% 10%
$214
9%
6%
7.2 -13% -6% -3% -13%
8.8
3%
6%
of 94.0%
Properties
94.4% .3% .4% -.3% Number
-.3%
-1% Sold -1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
2015. May YTD sales of 4,709 are running 5.9% behind last
year's year-to-date sales of 5,006.
Trending versus*:
Prior YTD Prior Year
YTD
Prior YTD 14%
Prior Year 8%
10% YTD
$289,000
6%
$341,753
11%
6%
City: Miami
May 2017
8.0
6.0
4.0
2.0
0.0
10.0
8.0
6.0
4.0
2.0
0.0
M A M
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.