FL ARCHIVED April 2017 | Page 114

Market Action Report
Miami
City: Miami
Agent Name
Market Action Report
City: Miami
April 2017
Title
Phone
Agent
Name
Website
Title Other
April 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
$420,000
3%
11%
Other
$646,834 Trending
3% versus*:
14%
Month
LM 0%
L3M 3%
PYM 14%
LY
$295,000
$420,000
3% 4% 5%
11% 17%
$361,993
$646,834 7,645
3% -5% 14% -9%
$295,000 900
0% -17%
3% 14% -17%
10%
$361,993 4%
5%
17%
13%
80 -4% -4% 8%
7,645 -5%
-9%
$300 2% 1% 8%
900 -17%
-17%
$221 5% 4% 11%
80 -4% -4% 8% 3%
8.5 14% -1% 10%
$300 2% 1% 8% 7%
94.0% .2% .2% -1.1%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
$221 5% 4% 11%
8.5 14% -1% 10%
94.0% .2% .2% -1.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
April 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
April Property sales were 900, down 17.1% from 1,085 in April
of 2016 and 16.7% lower than the 1,081 sales last month. April
1,200
Property
2017 sales Sales
were at their lowest level compared to April of 2016 1,400
April
sales
were
900, of down
from 1,085
in April
and Property
2015. April
YTD
sales
3,554 17.1%
are running
8.4%
behind last 1,000
of year's
2016 year-to-date
and 16.7% lower
than
the 1,081 sales last month. April
1,200
sales
of 3,881.
800
2017 sales were at their lowest level compared to April of 2016
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
Prior YTD 15%
Prior Year 7%
10% YTD
$287,500
13%
$343,482
12%
7%
$287,500 3,554
15%
$343,482
12%
3%
83
7%
10%
3%
-.7%
-8% 7%
8% 7%
7%
9%
6%
5%
6%
-1%
$297
3,554
-8%
$213
83
8%
9.2
$297
7%
93.8%
6%
6%
6%
11%
-1%
10%
$213
9%
6%
3%
9.2
5%
11%
Number
of 93.8%
Properties
-.7%
-1% Sold -1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
and 2015. April YTD sales of 3,554 are running 8.4% behind last 1,000
600
year's year-to-date sales of 3,881.
800
Prices
340
320
300
280
260
240
220
200
Inventory & MSI
14
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
6,000
12.0
12.0
6,000
4,000
10.0
8.0
6.0
4,000
4.0
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 8.5 a
2,000
higher
MSI
is better
for buyers.
April 2017
MSI
of 8.5
months
was
at its highest
level The
compared
with
April
of 2016 and 2,000
2.0
months
0
2015. was at its highest level compared with April of 2016 and
0
0.0
2015.
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 D J F M A
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
.
17
15 A M J J A S O N D J F M 16
M J 14 J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
8,000
114 | c
16
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
12,000
was Total
7,645,
down 4.9%
from 8,038
last month
down
8.6%
The
Inventory
of Properties
available
for sale and
as of
April
from
8,364
in April
last 8,038
year. last
April
2017 and
Inventory
was at its 12,000
was
7,645,
down
4.9% of
from
month
down 8.6%
10,000
from
8,364
in compared
April of last with
year. April
April
lowest
level
of 2017
2016 Inventory
and 2015. was at its 10,000
8,000
lowest level compared with April of 2016 and 2015.
A comparatively lower MSI is more beneficial for sellers while a
1,081
1,292
1,306
15
400
380
360
340
320
300
280
260
240
220
200
$347,532 last month. April 2017 ASP was at the highest level
compared to April of 2016 and 2015.
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
14
15
16
17
M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
The Median Sales Price in April was $295,000, up 14.3% from
Prices
$258,000 in April of 2016 and up 0.3% from $294,000 last
The
Median
Sales
Price Sales
in April
was in
$295,000,
14.3% from
month.
The
Average
Price
April was up
$361,993,
up
400
$258,000
in April
of 2016
last
17.0% from
$309,365
in and
April up of 0.3%
2016 from
and $294,000
up 4.2% from
month.
The last
Average
Sales
Price
in April
up level 380
$347,532
month.
April
2017
ASP was
was $361,993,
at the highest
360
17.0%
from $309,365
April and
of 2016
and up 4.2% from
compared
to April of in 2016
2015.
0
200
200
400
400
600
10.0
8.0
6.0
4.0
2.0
0.0
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.