FL ARCHIVED November 2017 | Page 104

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

City : Coconut Grove

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
$ 1,422,500
-5%
-26%
Average List Price of all Current Listings
$ 2,327,327
-1%
1 %
November Median Sales Price
$ 999,999
22 %
3 %
-13%
25 %
$ 1,030,000
30 %
29 %
November Average Sales Price
$ 1,570,000
53 %
-3%
3 %
47 %
$ 1,625,443
51 %
52 %
Total Properties Currently for Sale ( Inventory )
126
-5%
-14%
November Number of Properties Sold
5 -44%
-62%
101
-27%
November Average Days on Market ( Solds )
171
38 %
34 %
30 %
39 %
143
21 %
16 %
Asking Price per Square Foot ( based on New Listings )
$ 503
-30% -15% -28%
-6%
$ 565
7 %
5 %
November Sold Price per Square Foot
$ 454
-22%
-9%
-6%
8 %
$ 477
12 %
13 %
November Month ' s Supply of Inventory
25.2
72 %
34 % 124 %
80 %
17.6
27 %
26 %
November Sale Price vs List Price Ratio
86.5 % -4.0% -3.8% . 0 %
-1.4%
88.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales November Property sales were 5 , down 61.5 % from 13 in November of 2016 and 44.4 % lower than the 9 sales last month . Property November Sales 2017 sales were at their lowest level compared to 30
November Property of 2016 sales and were 2015 . 5 , November down 61.5 % YTD from sales 13 in of 101 are November running 26.8 of 2016 % behind and 44.4 last
% year lower
' s than year-to-date the 9 sales sales last of month
138 .
. 25
November 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales of 101 are
20 running 26.8 % behind last year ' s year-to-date sales of 138 .
Agent Name

Coconut Grove Title

Phone Website Other

Community Information | School District

15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
5 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 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in November was $ 999,999 , down 13.0 %
Prices from $ 1,150,000 in November of 2016 and up 22.0 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 820,000 Median Sales last month Price in . The November Average was Sales $ 999,999 Price in , down November 13.0 % 2,400 from was $ 1,150,000 1,570,000 in , up November 3.1 % from of 2016 $ 1,522,808 and up in 22.0 November % from of 2016 $ and 820,000 up 52.9 last % month from . $ The 1,026,667 Average last Sales month Price . November in 2017 ASP
2,400
1,900 was was $ 1,570,000 at the highest , up 3.1 level % from compared $ 1,522,808 to November in November of 2016 of 2016 and and 2015 up .
52.9 % from $ 1,026,667 last month . November 2017 ASP 1,900 was at the highest level compared to November of 2016 and
1,400
2015 . 1,400
900
900
400
400
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
14
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M A17M 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 126 of , down Properties 4.5 % available from 132 for last sale month as of and down
November
13.7 % from was 146 126 in , down November 4.5 % from of last 132 year last . month November and down 2017
200
13.7
Inventory % from 146 was in at November its lowest of level last compared year . November with November 2017 of
Inventory
2016 and was 2015 at . its lowest level compared with November of
150
2016 and 2015 .
200
150
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
100
15.0
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
November for sellers
2017 while MSI a of
50 higher
25.2 months MSI is better was at for its buyers highest
. The level
November compared
2017 with
MSI November of of
25.2 months was at its highest level compared with November of
2016 and 2015 .
2016 and 2015 .
0
50
10.0
5.0
0
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 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
10.0
5.0
0.0
183 183
21 183
20 183
180 182
16 163
21
180 182
21
155
151 15 28
163 155 151 153 158 172
153 158
21
162
165 15 11
155 20
162 165
174 15 172
21 20 16 21 21 15 28 21 15 11 20 15 16 7
16
155
167 171
7
174 155
16
167 171
11
153
156 155
12
153
152 142
12 156 141
24
16 11 12 12 24 16 9 11
16 7
152 142
140 146
9 13
11
141 140
146 146
141
148 7 13 9
141 148
142 136
9 6 8 9
6 146
138 136
8 142
9
136
133 139
19
138 131
15
136 11
133 139
132 126
5 131
6
19 15 11 5 6 8 9 5
132 8
126 9 5
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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