FL ARCHIVED April 2017 | Page 106

Market Action Report
April 2017
Coconut
Grove
Market Action Report
City: Coconut Grove
Agent Name
Title
Phone
Agent
Name
Website
Title Other
April 2017
City: Coconut Grove Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
$2,165,000
Other
Market Profile & Trends Overview
Median
Price
all Current Listings
Price
Range: All List
| Properties:
SFH of
- Con
LM
Trending versus*:
L3M PYM
LY
8%
88%
$2,938,542 Trending
11% versus*:
64%
Month
LM 9%
L3M -2%
PYM 15%
LY
$940,000
$2,165,000
8% 20% -3%
88% 59%
$1,376,047
$2,938,542 118
11% -9% 64% -22%
$940,000 9% -2% 15% 18%
19 138%
58%
$1,376,047 20% -3% 59% 28%
157 43% -2% 44%
118 -9%
-22%
$624 9% -4% 15%
19 138%
58%
$480 -2% 2% -1%
157 43% -2% 44% 27%
$624 6.2
9% -62%
-4% -53%
15% -51%
9%
89.0%
-2.5%
.1%
$480 -2% 2% -1% -4.7%
12%
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 Listings
Total Properties Currently for Sale (Inventory)
April Median Sales Price
April 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 Sold
Sale Price
Price per
vs Square
List Price
April
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
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
3 Mo Avg
3 Mo Avg
15
21
0
5 5
10
14
15
Median Sales Price and
Average Sales Price
16
Median Sales Price and Average Sales Price
15
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 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
The Median Sales Price in April was $940,000, up 15.0% from
2,200
Prices
$817,500 in April of 2016 and up 9.0% from $862,500 last
The
Median
Sales
Price
in
April
was
$940,000,
up
15.0%
from
month. The Average Sales Price in April was $1,376,047, up 2,200 2,000
$817,500
in April
of 2016
up of 9.0%
1,800
58.7% from
$867,125
in and
April
2016 from
and $862,500
up 20.1% last
from
month.
The Average
Sales April
Price 2017
in April
was
$1,376,047,
up level 2,000
$1,145,875
last month.
ASP
was
at the highest
1,600
1,800
58.7%
from $867,125
April and
of 2016
and up 20.1% from
compared
to April of in 2016
2015.
1,400
$1,145,875 last month. April 2017 ASP was at the highest level
compared to April of 2016 and 2015.
30%
14%
10%
13%
1%
15
10
Prices
27%
161
9%
$649
41
-9%
12%
$472
161
83%
-55% $649 15.8
22%
1.5% $472 88.9%
-3%
19%
-9%
31%
83%
22%
-3%
30%
-5% 14%
-3% 10%
20
15
0
4%
41
23%
Number of Properties Sold
25
20
$955,000
$1,412,464
30
were at a mid level compared to April of 2016 and 2015. April
YTD sales of 41 are running 8.9% behind last year's year-to-date
sales of 45.
Trending versus*:
Prior YTD 4%
Prior Year 19%
18% YTD
$955,000
28% $1,412,464
23%
31%
6.2 -62% -53% -51% -55%
15.8
-5%
13%
Number of 88.9%
Properties
89.0% -2.5% .1% -4.7% 1.5%
-3% Sold 1%
April Month's Supply of Inventory
April Property sales were 19, up 58.3% from 12 in April of 2016
and 137.5% higher than the 8 sales last month. April 2017 sales
Property
Sales
were at a mid
level compared to April of 2016 and 2015. April 30
April
sales
19, up 8.9%
58.3%
from 12
April of
2016
YTD Prope rty
sales of 41
are were
running
behind
last in year's
year-to-date
and
137.5%
sales
of 45. higher than the 8 sales last month. April 2017 sales 25
Trending versus*:
Prior YTD Prior Year
YTD
17
3 Mo Avg
3 Mo Avg
1,600
1,400 1,200
1,200 1,000
1,000 800
800 600
600 400
400
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while 100
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 6.2 a
higher MSI is better for buyers. The April 2017 MSI of 6.2
months was at its lowest level compared with April of 2016 and 50
months was at its lowest level compared with April of 2016 and
2015.
0
2015.
30.0
150
100
50
.
20.0
15.0
10.0
5.0
0
0.0
30.0
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
15
16
17
14 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
106 | c
25.0
150
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
250
The
of from
Properties
available
sale
as of 21.9%
April from
was Total
118, Inventory
down 9.2%
130 last
month for
and
down
was
down of 9.2%
last 2017
month
and down
21.9%
151 118,
in April
last from
year. 130
April
Inventory
was
at its from
lowest 250
200
151
in April
of last with
year. April
April of 2017
Inventory
was at its lowest
level
compared
2016
and 2015.
200
level compared with 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
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
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
Asso
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 REAL
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
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.