FL ARCHIVED January 2018 | Page 100

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

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
1 %
8 %
Average List Price of all Current Listings
$ 1,057,765
2 %
7 %
January Median Sales Price
$ 299,000
1 %
1 %
9 %
3 %
$ 299,000
9 %
3 %
January Average Sales Price
$ 464,983
0 %
3 %
13 %
4 %
$ 464,983
13 %
4 %
Total Properties Currently for Sale ( Inventory )
20,548
2 %
-4%
January Number of Properties Sold
1,569 -22%
-6%
1,569
-6%
January Average Days on Market ( Solds )
92
-2%
-2%
-4%
1 %
92
-4%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 359
-2%
2 %
6 %
8 %
$ 359
6 %
8 %
January Sold Price per Square Foot
$ 245
3 %
4 %
6 %
4 %
$ 245
7 %
4 %
January Month ' s Supply of Inventory
13.1
30 %
11 %
2 %
23 %
13.1
2 %
23 %
January Sale Price vs List Price Ratio
92.3 % -1.0% -. 7 % -. 6 %
-. 9 %
92.3 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
3,000 January Property sales were 1,569 , down 5.8 % from 1,666 in January of 2017 and 21.6 % lower than the 2,001 sales last
2,500 Property month . January Sales 2018 sales were at their lowest level compared 3,000 January to January Property of 2017 sales and were 2016 1,569 . January , down 5.8 YTD % from sales 1,666 of 1,569 in are January of 2017 and 21.6 % lower than the 2,001 last
2,000 running 5.8 % behind last year ' s year-to-date sales of 1,666 . 2,500 month . January 2018 sales were at their lowest level compared
to January of 2017 and 2016 . January YTD sales of 1,569 are 1,500 2,000 running 5.8 % behind last year ' s year-to-date sales of 1,666 . 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
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 299,000 , up 8.7 % from
Prices
$ 275,000 in January of 2017 and up 1.4 % from $ 295,000 last
The month Median . The Sales Average Price Sales in January Price was in January $ 299,000 was , up $ 464,983 8.7 % from , up
500
$
12.5 275,000 % from in January $ 413,249 of 2017 in January and up of 1.4 2017 % from and $ up 295,000 0.2 % from last
F
M A M J
15
500
450
J
A S
OMedian N D
J
F Sales M A M Price J
J
A and S O NAverage D
J
F MSales A M J Price
J
A S O N D
J
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 463,919 . The last Average month Sales . January Price in 2018 January ASP was $ at 464,983 the highest , up level
450
12.5 compared % from $ to 413,249 January in of January 2017 and of 2017 2016 and . up 0.2 % from
400
$ 463,919 last month . January 2018 ASP was at the highest level
400
350
compared to January of 2017 and 2016 .
350
300
300 250
2,079 2,584 2,676
2,079 2,584 2,676 2,651 2,762 2,775 2,398 2,379 2,449 1,973 2,276 1,718 1,939 2,380 2,357 2,320 2,518 2,190 2,344 2,145 1,896 1,917 2,104 1,666 1,788 2,474 2,158 2,527 2,507 2,093 2,182 1,404 1,852 1,707 2,001 1,569
20,473 20,113
19,536 19,005
18,502 2,651 2,762 2,775 2,398 2,379
18,513 18,326 18,311 18,729 18,326 18,953 18,311 18,751 2,449 1,973 2,276
19,933 20,751 20,832
Number of Properties Sold
250
200
200
F
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
M
15 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
17 A M J
J
A S O N D
J
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 20,548 of , Properties up 2.0 % from available 20,143 for last sale month as of and down
22,000
January
3.9 % from was 21,391 20,548 in , up January 2.0 % from of last 20,143 year last . January month and 2018 down
22,000
21,000
3.9
Inventory % from 21,391 was at in a January mid level of compared last year . January with January 2018 of 2017 and
21,000
Inventory
2016 . was at a mid level compared with January of 2017 and
20,000
2016 .
20,000
19,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
12.0
10.0
16.0
14.0
12.0
10.0
8.0
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 January 2018 MSI of 13.1 higher MSI is better for buyers . The January 2018 MSI of 13.1
17,000
4.0 months was at its highest level compared with January of
201717,000 months was at its highest level compared with January of 2017
2.0 and 2016 .
16,000 and 2016 .
16,000
0.0
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 N D J
15
16
17
18
15
16
17
18
6.0
4.0
2.0
0.0
20,473 20,113
19,536
19,005 18,502 18,513
18,729 18,953 18,751
1,718 1,939 2,380 2,357 2,320 2,518 2,190 2,344 2,145
20,864 20,791
20,751
20,792 20,832
20,728 20,864
20,670 20,791
20,816 20,792
20,947 20,728
20,670 21,273
20,584 20,816 21,391
19,933
1,896
20,947
21,273 1,917 2,104 1,666
21,491
20,584 21,559 21,250
21,165
1,788 2,474 2,158 2,527 2,507
20,885 21,023 21,033
20,528 21,249
20,890 20,143
20,548
3 Mo Avg
2,093 2,182 1,404
21,391 21,491 21,559 21,250 21,165 20,885 21,023 21,033
20,528 21,249
20,890 1,852
3 Mo Avg
1,707
20,143
20,548 2,001 1,569
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 .