FL ARCHIVED November 2017 | Page 100

Market Action Report November 2017
Community Information | School District
Market Action Report November 2017

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
$ 460,000
2 %
10 %
Average List Price of all Current Listings
$ 1,033,364
2 %
6 %
November Median Sales Price
$ 294,000
-0%
0 %
7 %
11 %
$ 290,000
9 %
9 %
November Average Sales Price
$ 436,691
-3%
1 %
3 %
4 %
$ 444,090
5 %
6 %
Total Properties Currently for Sale ( Inventory )
20,335
-3%
-4%
November Number of Properties Sold
1,523 -14%
-21%
22,027
-7%
November Average Days on Market ( Solds )
94
-1%
3 %
12 %
12 %
91
10 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 358
7 %
6 %
5 %
10 %
$ 331
2 %
2 %
November Sold Price per Square Foot
$ 229
-2%
-2%
2 %
1 %
$ 234
2 %
3 %
November Month ' s Supply of Inventory
13.4
13 %
1 %
21 %
37 %
10.9
11 %
11 %
November Sale Price vs List Price Ratio
93.2 %
. 3 %
. 1 %
-. 4 %
-. 9 %
93.2 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,000 November Property sales were 1,523 , down 20.6 % from 1,917 in
November of 2016 and 14.2 % lower than the 1,775 sales last 2,500 Property month . November Sales 2017 sales were at their lowest level 3,000
November compared Property to November sales were of 2016 1,523 and , down 201520.6 . November % from 1,917 YTD in sales
2,000 November of 22,027 of are 2016 running and 14.2 7.1 % lower behind than last the year 1,775 ' s year-to-date sales last sales 2,500 month of 23,718 . November . 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales 1,500
2,000 of 22,027 are running 7.1 % behind last year ' s year-to-date sales of 23,718 .
1,000 1,500
Agent Name

Miami-Dade County Title

Phone Website Other

Community Information | School District

1,000
500
Number of Properties Sold
500
0
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 294,000 , up 7.3 %
Prices from $ 274,000 in November of 2016 and down 0.3 % from
The
$ 295,000 Median last Sales month Price . in The November Average was Sales $ 294,000 Price in , up November 7.3 % was
500 from
$ 436,691 $ 274,000 , up 3.0 in November % from $ 423,771 of 2016 in and November down 0.3 % of from 2016 and
D
J
F M A M J
J
A
Median S O N D Sales
J
F M Price A M J and
J
A SAverage O N D
J Sales
F M A Price M J
J
14
15
16
17
500
Median Sales Price and Average Sales Price
450
A S O N
3 Mo Avg
3 Mo Avg
$ down 295,000 2.7 last % from month $ 448,583 . The Average last month Sales . Price November in November 2017 ASP was was
450
$ at 436,691 the highest , up 3.0 level % from compared $ 423,771 to in November of of 2016 and 2015 .
400
down 2.7 % from $ 448,583 last month . November 2017 ASP was
400
350
at the highest level compared to November of 2016 and 2015 .
350
300
300 250
2,620 2,031 2,079 2,584 2,675
2,620 2,031 2,079 2,584 2,675 2,651 2,762 2,774 2,398 2,379 2,449 1,972 2,276 1,717 1,939 2,379 2,356 2,319 2,518 2,190 2,343 2,145 1,895 1,917 2,102 1,664 1,787 2,472 2,158 2,521 2,498 2,079 2,165 1,385 1,775 1,523
250
200
200
D
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
14
15
16
17
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
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
November Total Inventory was 20,335 of Properties , down 2.9 available % from for 20,939 sale as last of month and
22,000
November down 4.3 % was from 20,335 21,239 , down in November 2.9 % from 20,939 of last year last month . November and
22,000
21,000 down 20174.3 Inventory % from 21,239 was at in a mid November level compared of last year with . November of
21,000
2017
2016 Inventory and 2015 was . at a mid level compared with November of
20,000
2016 and 2015 .
20,000
19,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
12.0
10.0
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 November 2017 MSI of 13.4
17,000
4.0 higher months MSI was is better at its highest for buyers level . The compared November with 2017 November MSI of 13.4 of
17,000 months was at its highest level compared with November of
2.0
2016 and 2015 .
16,000
2016 and 2015 .
16,000
0.0
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
J A S O N
14
15
16
17
14
15
16
17
20,438 20,690 20,505 20,149
20,438 20,690 20,505
20,149 19,556
19,023
18,524 2,651 2,762 2,774 2,398 2,379
18,525 18,331 18,316 18,735 18,955 18,750
2,449
19,556
19,023 18,524 18,525 18,331 18,316
18,735
Number of Properties Sold
1,972 2,276
19,939 20,754 20,831
1,717
18,955 18,750
19,939
1,939 2,379 2,356 2,319 2,518 2,190 2,343 2,145 1,895 21,239
20,860
20,787 20,754
20,785 20,831
20,720 20,860
20,661 20,787
20,798 20,785
20,924 20,720
21,239 20,661
20,546 20,798
21,355 20,924 21,444
1,917 2,102
21,511 20,546 21,204
21,093
1,664 1,787 2,472 2,158
20,796 20,909 20,878
20,312 20,939
20,335
3 Mo Avg
2,521 2,498
21,355 21,444 21,511 21,204 21,093 20,796 20,909 20,878
2,079 20,312
2,165
3 Mo Avg
1,385
20,939
20,335 1,775 1,523
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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
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