FL ARCHIVED February 2018 | Page 100

Market Action Report
February 2018
Miami-Dade
County
Market Action Report
County: Miami-Dade
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$460,000
2%
7%
Other
$1,067,110 Trending
2% versus*: 8%
Month
LM -1%
L3M 1%
PYM 8%
LY
$298,000
$460,000
2% 11% 10%
7% 12%
$518,034
$1,067,110
2% 0%
8% -3%
20,874
$298,000 1,513
-1% -7%
1% 8% -15%
3%
$518,034 102
11% 10%
10% 6%
12% 11%
16%
20,874 0%
-3%
$348 -3% -2% 5%
1,513 -7%
-15%
$259 5% 7% 12%
102 10% 6% 11% 12%
13.8 8% 13% 15%
$348 -3% -2% 5% 5%
92.7% .3% -.2% -.2%
-9% 3%
3% 10%
5%
10%
29%
-.5% 5%
$353
7%
6%
7%
24%
-1%
3,145
-9%
February Sold Price per Square Foot
$252
9%
February Average Days on Market (Solds)
97
3%
7%
February Month's Supply of Inventory
13.3
7%
Asking Price per Square Foot (based on New Listings)
$353
5%
6%
February Sale Price vs List Price Ratio
92.5%
-0%
February Sold Price per Square Foot
$259
5%
7%
12%
10%
$252
9%
7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
13.8 8% 13% 15% 29%
13.3
7%
24%
of 92.5%
Properties
February Sale Price vs List Price Ratio
92.7% .3% -.2% -.2% Number
-.5%
-0% Sold -1%
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
15
16
17
18
3 Mo Avg
1,500
2,000
1,000
2,320
2,358
1,896
2,146
600
Median Sales Price and Average Sales Price
550
3 Mo Avg
450
16,000
94.4%
95%
94%
94%
92.9%
92.7%
Inventory / New Listings / Sales
Inventory / New Listings / Sales
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
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
18
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
15,000
20,000
25,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 4,372, down 13.8% from 5,073 last month
and down 1.9% from 4,456 in February of last year.
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
18
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
15
16
17
15
16
17
18
.
95%
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
15
16
17
18
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
100 | c
96%
91%
A comparatively lower MSI is more beneficial for sellers while a 18,000
18,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 13.8
MSI is better
for buyers.
February
2018 MSI
17,000
higher
MSI
is better
for buyers.
February with
2018
MSI of 13.8
months
was
at its highest
level The
compared
February
of 2017
17,000
months
was
at
its
highest
level
compared
with
February
of
2017
16,000
and 2016.
and 2016.
3 Mo Avg
92%
19,000
19,000
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month
92%
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
20,000
232
93%
The Total Inventory
Inventory
& MSI of Properties available for sale as of
22,000
February
was 20,874,
up 0.3% available
from 20,810
last as
month
and
The
Total Inventory
of Properties
for sale
of
22,000
down 2.9%
21,499
in February
of last
February
2018
February
was from
20,874,
up 0.3%
from 20,810
last year.
month
and
21,000
down
2.9% from
21,499
February
of last with
year. February
February of 2018
Inventory
was at
a mid in level
compared
2017 21,000
20,000
Inventory
was at a mid level compared with February of 2017
and 2016.
and 2016.
235
93%
350 300
300 250
Inventory & MSI
259
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 92.7% was up from 92.4% last month and down
from 92.9% in February of last year.
450 400
400 350
200
3 Mo Avg
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
15
16
17
18
500
250 200
300
290
280
270
260
250
240
230
220
210
200
11.4% from $464,971 last month. February 2018 ASP was at the
highest level compared to February of 2017 and 2016.
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
15
16
17
18
M A M J J A S O N Median
D J F M Sales
A M J Price
J A S and
O N D Average
J F M A Sales
M J J Price
A S O N D J F
3 Mo Avg
15
16
17
18
Prices
The Median Sales Price in February was $298,000, up 8.4%
Prices
from $275,000 in February of 2017 and down 0.6% from
The
Median last
Sales
Price in The
February
was Sales
$298,000,
up February
8.4%
$299,700
month.
Average
Price in
was
600
from
$275,000
in February
of 2017 and
0.6% of
from
$518,034,
up 11.7%
from $463,863
in down
February
2017 and up
550
$299,700
last $464,971
month. The
Price in
February
was at the
11.4% from
last Average
month. Sales
February
2018
ASP was
$518,034,
up 11.7%
from $463,863
in February
of 2017
and up
highest level
compared
to February
of 2017 and
2016.
500
0
0
500
1,500
1,000 500
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $259 was up
5.5% from $246 last month and up 11.8% from 232 in February
of last year.
month. February 2018 sales were at their lowest level compared
to February of 2017 and 2016. February YTD sales of 3,145 are
running 8.9% behind last year's year-to-date sales of 3,454.
40
0
3 Mo Avg
Number of Properties Sold
60
20
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
3,000
February Property sales were 1,513, down 15.4% from 1,788 in
February of 2017 and 7.3% lower than the 1,632 sales last
2,500
Property
Sales 2018 sales were at their lowest level compared
month. February
3,000
February
Property
sales
were
1,513,
down 15.4%
in are
to February
of 2017
and
2016.
February
YTD from
sales 1,788
of 3,145
2,000
February
2017 behind
and 7.3%
than
the 1,632 sales
running of
8.9%
last lower
year's
year-to-date
sales last
of 3,454. 2,500
80
February Number of Properties Sold
92
88
Asking Price per Square Foot (based on New Listings)
$299,000 3,145
9%
$490,498
12%
12%
97
3%
10%
102
100
February Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
12%
3 Mo Avg
120
February Average Sales Price
$490,498
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 102, up 9.7% from
93 days last month and up 10.9% from 92 days in February of
last year. The February 2018 DOM was at a mid level compared
with February of 2017 and 2016.
February
Sales
Price
February Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 9%
Prior Year
$299,000
Days On Market for Sold Properties
Market Time
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
YTD
3%
16%
Community Information | School District
Price Range: All | Properties: SFH - Con
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median
List Average
Price of Sales
all Current
February
Price Listings
Title
Phone
Website
Other
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
February 2018
Miami-Dade County
County: Miami-Dade
February 2018
County: Miami-Dade Community Information | School District
Market Action Report
10,000
5,000
0
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
15
16
17
18
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 Association of REALTORS
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.
.
| 101
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
c Coast
l
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
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 REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
Association
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant 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.