FL ARCHIVED October 2017 | Page 100

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 1,024,577
-1%
7 %
October Median Sales Price
$ 299,800
2 %
2 %
12 %
13 %
$ 290,000
9 %
9 %
October Average Sales Price
$ 465,527
3 %
6 %
13 %
11 %
$ 447,298
5 %
7 %
Total Properties Currently for Sale ( Inventory )
20,475
3 %
-1%
October Number of Properties Sold
1,431
8 %
-24%
19,993
-8%
October Average Days on Market ( Solds )
97
4 %
8 %
14 %
15 %
91
10 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 357
-2%
1 %
8 %
2 %
$ 356
3 %
2 %
October Sold Price per Square Foot
$ 262
-1%
3 %
10 %
10 %
$ 253
6 %
6 %
October Month ' s Supply of Inventory
14.3
-5%
10 %
31 %
48 %
10.9
14 %
12 %
October Sale Price vs List Price Ratio
93.0 %
. 4 %
-. 2 % -. 9 % -1.1%
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 October Property sales were 1,431 , down 24.4 % from 1,894 in October of 2016 and 7.7 % higher than the 1,329 sales last
2,500 Property month . October Sales 2017 sales were at their lowest level compared 3,000 October October Property of 2016 sales and were 2015 1,431 . October , down 24.4 YTD % sales from of 1,894 19,993 in are October of 2016 and 7.7 % higher than the 1,329 last
2,000 running 8.0 % behind last year ' s year-to-date sales of 21,723 . 2,500 month . October 2017 sales were at their lowest level compared
to October of 2016 and 2015 . October YTD sales of 19,993 are 1,500 2,000 running 8.0 % behind last year ' s year-to-date sales of 21,723 . 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
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 299,800 , up 12.1 %
Prices from $ 267,500 in October of 2016 and up 1.6 % from $ 295,000
The last Median month Sales . The Price Average in October Sales Price was $ in 299,800 October , up was 12.1 $ % 465,527 ,
500 from up 12.7 $ 267,500 % from in $ October 412,999 of in 2016 October and of up 2016 1.6 % and from up $ 295,000 3.2 % from
N
D
J
F M A M J
J
Median
A S O N Sales D
J
F Price M A M and J J AAverage S O N DSales
J
F MPrice A M J
14
15
16
17
500
Median Sales Price and Average Sales Price
450
J
A S O
3 Mo Avg
3 Mo Avg
last
$ 451,094 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 465,527 highest , level
450 up compared 12.7 % from to $ October 412,999 of in 2016 October and of 2015 2016 . and up 3.2 % from
400
$ 451,094 last month . October 2017 ASP was at the highest level
400
350
compared to October of 2016 and 2015 .
350
300
300 250
2,083 2,608 2,024 2,066 2,563 2,656 2,636 2,745 2,760 2,385 2,368 2,436 1,964 2,251 1,706 1,929 2,373 2,347 2,304 2,512 2,180 2,341 2,137 1,894 1,911 2,099 1,656 1,781 2,461 2,148 2,509 2,484 2,067 2,127 1,329 1,431
250
200
200
N
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
D
14
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A S O
A S O
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
October Total Inventory was 20,475 of , Properties up 2.8 % from available 19,916 for last sale month as of and down
22,000
October
1.2 % from was 20,717 20,475 , in up October 2.8 % from of last 19,916 year last . October month and 2017 down
22,000
21,000
1.2
Inventory % from 20,717 was at in a October mid level of compared last year . October with October 2017 of 2016 and
21,000
Inventory
2015 . was at a mid level compared with October of 2016 and
20,000
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 October 2017 MSI of 14.3 higher MSI is better for buyers . The October 2017 MSI of 14.3
17,000
4.0 months was at its highest level compared with October of
201617,000 months was at its highest level compared with October of 2016
2.0 and 2015 .
16,000 and 2015 .
16,000
0.0
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 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
14
15
16
17
14
15
16
17
21,437 2,083
21,437
2,608 2,024 2,066 2,563 2,656
20,260 20,506 20,334
19,974 19,377
20,260 20,506 20,334
19,974 19,377
18,858 18,364
2,636 2,745 2,760
18,858 18,364 18,374
18,374 18,220 18,278
18,940 2,385 2,368
Number of Properties Sold
2,436 1,964 2,251
19,722 20,537 20,621
18,220 18,573 18,278 18,529
18,940
18,573 18,529
1,706 1,929 2,373 2,347 2,304 2,512 2,180 2,341 2,137
20,645
20,577 20,537
20,580 20,621
20,512 20,645
20,457 20,577
20,596 20,580
20,717 20,512
20,457 21,045
20,359 20,596 21,177
19,722
1,894
20,717
21,045 1,911 2,099
21,256
21,310 20,359 20,989
20,855 1,656 1,781 2,461
20,526 20,620 20,531
19,916 20,475
3 Mo Avg
2,148 2,509 2,484
21,177 21,256 21,310 20,989 20,855 20,526 20,620 20,531
2,067
3 Mo Avg
2,127
19,916
20,475 1,329 1,431
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
100 | c o l d w e l l b a n k e r h o m e s . c o m
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 does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .