FL ARCHIVED April 2017 | Page 116
Market Action Report
City: Miami Beach
April 2017
Miami Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
April 2017
City: Miami Beach 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
$585,000
1%
-1%
Other
$1,782,466 Trending
-0% versus*:
-4%
Month
LM 14%
L3M 10%
PYM 4%
LY
$400,000
$585,000
1% 10% -4%
-1% 27%
$894,393
$1,782,466 3,358
-0% -3% -4% 3%
$400,000 177
14% -11%
10% 4% -17%
8%
$894,393 136
10% -7%
-4% -6%
27% 23%
8%
3,358 -3%
3%
$663 -7% -6% -11%
177 -11%
-17%
$541 -2% -3% -4%
136 -7% -6% 23% 11%
19.0 9% -5% 25%
$663 -7% -6% -11% -9%
88.8% .5% .4% -.4%
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
$541 -2%
19.0 9%
88.8% .5%
* 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
-5% -13% -1%
677
19%
145
31% 13%
-9%
$706
-7%
677 -13%
-2%
$556
-1%
145
31%
18%
1%
20.5
24%
$706
-7%
-3%
-1.4%
88.5%
-2%
18%
-3%
0%
10%
-2%
3 Mo Avg
3 Mo Avg
Prices
14
The Median Sales Price in April was $400,000, up 3.9% from
Prices
$385,000 in April of 2016 and up 14.0% from $351,000 last
1,300
The
Median
Sales
Price Sales
in April
was in
$400,000,
3.9% from up
month.
The
Average
Price
April was up
$894,393,
$385,000
in April
of 2016
and up
$351,000
last
27.1% from
$703,652
in April
of 14.0%
2016 from
and up
10.3% from
1,300 1,100
month.
The last
Average
Sales
Price 2017
in April
up level
$810,882
month.
April
ASP was
was $894,393,
at the highest
27.1%
from
$703,652
in
April
of
2016
and
up
10.3%
from
compared to April of 2016 and 2015.
1,100 900
$810,882 last month. April 2017 ASP was at the highest level
15
16
193
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 F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
17
Median Sales Price and Average Sales Price
3 Mo Avg
900 700
500
300
Inventory & MSI
500
300
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
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
was Total
3,358,
down 3.2%
from 3,468
last month
and
up April
3.4% from 4,000
The
Inventory
of Properties
available
for sale
as of
4,000 3,500
3,247
in April
last from
year. 3,468
April last
2017
Inventory
at from
its
was
3,358,
down of
3.2%
month
and up was
3.4%
3,500 3,000
3,247
in April
last year. with
April April
2017 of
Inventory
was
at its
highest
level of compared
2016 and
2015.
highest level compared with April of 2016 and 2015.
3,000 2,500
2,500 2,000
2,000 1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
1,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
a
MSI is better
for buyers.
April for
2017
MSI while
of 19.0
1,000
higher
MSI
is better
for buyers.
April 2017
MSI
of 19.0
500
months
was
at its highest
level The
compared
with
April
of 2016 and
500
months
0
2015. was at its highest level compared with April of 2016 and
700
0
2015.
20.0
15.0
10.0
5.0
0.0
15
16
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
.
25.0
25.0
20.0
15.0
10.0
5.0
0.0
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
116 | c
226
0
50
50
100
compared to April of 2016 and 2015.
$365,000
$935,966
11%
100
150
-1%
13%
19%
150
200
$935,966
Number of Properties Sold
250
Trending versus*:
YTD
Prior YTD -5%
Prior Year
$365,000
8%
8%
-3% -4% -2%
$556
-1%
0%
-5% 25% 1%
20.5
24%
10%
Number of 88.5%
Properties
.4% -.4% -1.4%
-2% Sold -2%
350
April Property sales were 177, down 17.3% from 214 in April of
2016 and 11.1% lower than the 199 sales last month. April 2017
300
Property
sales were Sales
at their lowest level compared to April of 2016 and 350
April
Property
sales sales
were of
177,
down
17.3% from
214 behind
in April last
of
250
2015.
April YTD
677
are running
12.9%
2016
and
11.1% lower sales
than the
199 sales last month. April 2017
300
year's
year-to-date
of 777.
200
sales were at their lowest level compared to April of 2016 and
2015. April YTD sales of 677 are running 12.9% behind last
year's year-to-date sales of 777.
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
17
Data
provided
courtesy
of
Fort
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTOR S of Association
of the Palm
Beaches,
Space Coast
Asso
o of l Greater
d Greater
w Fort
el
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.