FL ARCHIVED October 2017 | Page 102

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

City : Aventura

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
$ 440,000
-2%
-1%
Average List Price of all Current Listings
$ 649,915
-2%
-4%
October Median Sales Price
$ 325,000
13 %
12 %
7 %
7 %
$ 300,000
-4%
-2%
October Average Sales Price
$ 377,051
1 %
0 %
-9%
-13%
$ 398,242
-12%
-9%
Total Properties Currently for Sale ( Inventory )
1,609
3 %
3 %
October Number of Properties Sold
47 -23%
-34%
777
-3%
October Average Days on Market ( Solds )
161
12 %
13 %
13 %
30 %
142
15 %
15 %
Asking Price per Square Foot ( based on New Listings )
$ 311
1 %
-2%
2 %
-3%
$ 310
-4%
-3%
October Sold Price per Square Foot
$ 261
7 %
3 %
7 %
1 %
$ 251
-5%
-3%
October Month ' s Supply of Inventory
34.2
34 %
31 %
56 %
73 %
22.2
16 %
12 %
October Sale Price vs List Price Ratio
89.3 %
1.5 %
. 6 %
. 4 %
. 1 %
88.5 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
140
October Property sales were 47 , down 33.8 % from 71 in October
of 2016 and 23.0 % lower than the 61 sales last month . October
120
Property
2017 sales Sales were at their lowest level compared to October of
140
October
2016 and Property 2015 . sales October were YTD 47 , down sales 33.8 of 777 % from are running 71 October 3.5 %
100
of behind 2016 and last 23.0 year %' s lower year-to-date than the sales 61 sales of 805 last . month . October
2017 sales were at their lowest level compared to October of
120
80
2016 and 2015 . October YTD sales of 777 are running 3.5 %
100
behind last year ' s year-to-date sales of 805 .
60
80
40
60
40
20
Agent Name

Aventura Title

Phone Website Other

Community Information | School District

Number of Properties Sold
20
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 $ 325,000 , up 6.6 % from
Prices
$ 305,000 in October of 2016 and up 13.0 % from $ 287,500 last
The month Median . The Sales Average Price Sales in October Price was in October $ 325,000 was , up $ 377,051 6.6 % from , down
600
$
9.5 305,000 % from in $ October 416,459 of in 2016 October and up of 2016 13.0 % and from up $ 287,500 1.0 % from last month
$ 373,433 . The last Average month Sales . October Price in 2017 October ASP was $ at 377,051 the lowest , down level
550
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
14
15
16
17
600
Median Sales Price and Average Sales Price
550
500
J
A S O
3 Mo Avg
3 Mo Avg
9.5 compared % from $ to 416,459 October in October of 2016 of and 2016 2015 and . up 1.0 % from
$ 373,433 last month . October 2017 ASP was at the lowest level
500
450
compared to October of 2016 and 2015 .
450
400
400 350
350 300
89 97 80 85 114 115
89 97 80 85 114 115 97 105 117 92 80 95 87 84 74 76 94 89 86 79 79 82 75 71 73 64 79 62 95 74 89 99 85 86 61 47
300
250
250
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 1,609 of , up Properties 3.0 % from available 1,562 last for sale month as of and up 3.1 %
1,800
October from 1,561 was in 1,609 October , up 3.0 of % last from year 1,562 . October last month 2017 and Inventory up 3.1 % was
1,8001,600 from at its 1,561 highest in October level compared of last year with . October 2017 of Inventory 2016 and was 2015 .
1,6001,400
Total Inventory & Month ' s Supply of Inventory ( MSI )
40.0
35.0
at its highest level compared with October of 2016 and 2015 .
1,4001,200
30.0
1,2001,000
25.0
1,000
800
20.0
A comparatively lower MSI is more beneficial for sellers while a
800
600
15.0
A comparatively lower MSI is more beneficial for sellers while a
600 higher MSI is better for buyers . The October 2017 MSI of 34.2
400 higher MSI is better for buyers . The October 2017 MSI of 34.2
400
10.0 months was at its highest level compared with October of 2016
200 months was at its highest level compared with October of 2016
200
5.0 and 2015 .
0 and 2015 .
0
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
97 105 117 92 80
1,232 1,178 1,220 1,246 1,251 1,238 1,244 1,256 1,226 1,219 1,221 1,275 1,330 1,338
Number of Properties Sold
95
1,232 1,178 1,220 1,246 1,251 1,238 1,244 1,256 1,226 1,219 1,221 1,275
87 84 74 76
1,434 1,462
1,330
1,510 1,338 1,533 1,558
94 89 86 79 79 82
1,434 1,462 1,510 1,533 1,558 1,572 1,544 1,550 1,567 75 71 73 64 79 62 95 74
1,572 1,544 1,550 1,567 1,561 1,599 1,566 1,685 1,686 1,689 1,685 1,665 1,632 1,611 1,594 1,562 1,609
3 Mo Avg
89 99
1,561 1,599 1,566 1,685 1,686 1,689 1,685 1,665 1,632 1,611 1,594
85
3 Mo Avg
86
1,562
1,609 61 47
40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
102 | 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 .