Market Action Report December 2017
Community Information | School District
Market Action Report December 2017
City : Miami
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 |
$ 430,000 |
1 % |
|
12 % |
|
|
|
|
Average List Price of all Current Listings |
$ 673,053 |
4 % |
|
15 % |
|
|
|
|
December Median Sales Price |
$ 305,000 |
3 % |
2 % |
13 % |
14 % |
$ 295,000 |
11 % |
10 % |
December Average Sales Price |
$ 423,231 |
21 % |
14 % |
31 % |
32 % |
$ 354,082 |
10 % |
10 % |
Total Properties Currently for Sale ( Inventory ) |
7,667 |
-5% |
|
-6% |
|
|
|
|
December Number of Properties Sold |
859 |
17 % |
|
-16% |
|
11,043 |
-10% |
|
December Average Days on Market ( Solds ) |
86 |
-2% |
0 % |
1 % |
10 % |
83 |
6 % |
6 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 302 |
5 % |
6 % |
12 % |
16 % |
$ 275 |
6 % |
6 % |
December Sold Price per Square Foot |
$ 247 |
25 % |
14 % |
32 % |
30 % |
$ 206 |
8 % |
8 % |
December Month ' s Supply of Inventory |
8.9 -19% |
-9% |
12 % |
7 % |
9.2 |
10 % |
10 % |
December Sale Price vs List Price Ratio |
93.6 % |
-. 2 % |
-. 1 % -1.2% -1.1% |
94.0 % |
-1% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400 December Property sales were 859 , down 16.2 % from 1,025 in
December of 2016 and 16.9 % higher than the 735 sales last 1,200 Property month . December Sales 2017 sales were at their lowest level 1,400
December compared Property to December sales were of 2016 859 , and down 2015 16.2 . % December from 1,025 YTD in sales 1,000 December of 11,043 of are 2016 running and 16.9 9.6 % higher behind than last the year 735 ' s year-to-date sales last sales 1,200 month of 12,210 . December . 2017 sales were at their lowest level
800 compared to December of 2016 and 2015 . December YTD sales 1,000 of 11,043 are running 9.6 % behind last year ' s year-to-date sales 600 of 12,210 .
800 400
600 200
400
Number of Properties Sold
200 |
0 |
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 |
0 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
|
Prices
The Median Sales Price in December was $ 305,000 , up 13.0 %
Prices from $ 270,000 in December of 2016 and up 3.4 % from
The
$ 295,000 Median last Sales month Price . in The December Average was Sales $ 305,000 Price in , up December 13.0 % was
450 from
$ 423,231 $ 270,000 , up 31.1 in December % from $ of 322,881 2016 and in December up 3.4 % from of 2016 and up
|
J
F M A M J
15
450
400
|
J
A S
Median O N D
J Sales
F M A Price M J
J and
A S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
|
3 Mo Avg |
|
$
21.5 295,000 % from last $ month 348,463 . The last Average month Sales . December Price in 2017 December ASP was at
$ 423,231 , up 31.1 % from $ 322,881 in December of 2016 and up
400 the highest level compared to December of 2016 and 2015 .
|
350 |
|
|
21.5 % from $ 348,463 last month . December 2017 ASP was at |
|
|
|
the highest level compared to December of 2016 and 2015 . |
350 |
300 |
300 250
Miami
953 1,058
Agent Name
Title Phone Website Other
Community Information | School District
1,204 1,238 1,259
953 1,058 1,204 1,238 1,259 1,296 1,310 1,183 1,114 1,153 988 1,089 823 883 1,100 1,091 1,125 1,190 1,015 1,140 1,023 898 897 1,025 752 854 1,104 981 1,174 1,135 942 1,017 631 859 735 859
250 200
200
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 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 D 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 7,667 of , Properties down 5.3 % available from 8,100 for sale last as month of and
10,000 14.0
December down 6.2 was % from 7,667 8,171 , down in 5.3 December % from 8,100 of last last year month . December and 2017 10,000
14.0 12.0 8,000 down Inventory 6.2 % from was at 8,171 its lowest in December level compared of last year with . December 2017 of 12.0
8,000 10.0
Inventory 2016 and was 2015 at . its lowest level compared with December of 6,000
10.0 2016 and 2015 .
8.0 6,000
8.0 4,000
6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 6.0
4.0 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 8.9 2,000
4.0 higher months MSI was is better at its highest for buyers level . The compared December with 2017 December MSI of 8.9 of 2,000
2.0 2.0 months 2016 and was 2015 at its . highest level compared with December of 0
0.0
2016 and 2015 . 0
0.0 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 D 15
16 17
15 16
17
1,296 1,310 1,183
9,203 9,056 8,842 8,526 8,300 8,130 8,180 8,095 7,974 8,080 8,052 1,114 1,153 988
Number of Properties Sold
1,089 823 883 1,100 1,091 1,125 1,190 1,015 1,140
7,802 8,253 8,572 8,524 8,465 8,430 8,435 8,398 8,268 8,399 8,453 8,508 8,171 8,435 8,460 8,453 8,261 8,222 8,170 8,286 8,296 8,056 8,265 8,100 7,667
1,023 898 897 1,025 752 854 1,104 981 1,174
3 Mo Avg
9,203 9,056 8,842 8,526 8,300 8,130 8,180 8,095 7,974 8,080 8,052 7,802 8,253 8,572 8,524 8,465 8,430 8,435 8,398 8,268 8,399 8,453 8,508 8,171 8,435 8,460 8,453 8,261 8,222 8,170 8,286 8,296 8,056 8,265
1,135 942 1,017 631
3 Mo Avg
859
8,100
7,667 735 859
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 Assoc
110 | c o l d w e l l b a n k e r h o m e s . c o m 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 .