FL ARCHIVED April 2017 | Page 84

Market Action Report
April 2017
COCONUT
GROVE
City: Coconut Grove
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$2,698,500
23%
Other -0%
Community Information | School District
City: Coconut Grove
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
$3,788,198 5% Trending versus*:
33%
Trending versus*:
$2,200,000
0% PYM
49% 47%
$2,195,000
46%
46%
Month 33%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$2,230,222 -0%
19% 1% 23%
40% 18% $2,202,350
25%
16%
$2,698,500
Total Properties
for Sale
(Inventory)
86 -3%
8%
Average
List Price Currently
of all Current
Listings
$3,788,198
5%
33%
April Median
Number Sales
of Properties
Sold
20
-9%
April
Price
$2,200,000 9 200%
33% 0% 200%
49% 47% $2,195,000
46%
46%
April Average
Average Sales
Days Price
on Market (Solds)
177 19%
45% 16%
26% 18%
45% $2,202,350
153
68%
25%
April
$2,230,222
1% 40%
25%
16%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$686
-1% -8% 10%
$749
15%
6%
Total
Properties
for Sale
(Inventory)
86 -3%
8% -3%
April Number
Sold Price
per Square Sold
Foot
$609 9 200%
21% 11% 200%
-2% 19%
$547
-1%
6%
April
of Properties
20
-9%
April Average
Month's Days
Supply
Inventory
9.6 -68%
24.8
3%
-1%
April
on of
Market
(Solds)
177
45% -47%
16% -64%
26% -62%
45%
153
68%
25%
April Sale
Price
List Price
85.7%
87.2%
-3%
0%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$686 -3.2%
-1% -1.7%
-8% -4.8%
10% -1.4%
-3%
$749
15%
6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$609 21% 11% -2% 19%
$547
-1%
6%
Number
April Month's Supply of Inventory
9.6 -68% -47% -64%
-62% of Properties
24.8 Sold
3%
-1%
Property
Sales
April
Sale Price
vs List Price Ratio
85.7% -3.2% -1.7% -4.8% -1.4%
87.2%
-3%
0%
14
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 9,
up 200.0%
from
April
of (2016)
2016 / YTD = Year-to-date
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Month Prior
Year 3 / in
LY=Last
Year
12
Number of Properties Sold
8
12
6
10
$1,655,000 last month. The Average Sales Price in April was
$2,230,222, up 40.2% from $1,590,667 in April of 2016 and up
18.9% from $1,875,000 last month. April 2017 ASP was at the
highest level compared to April of 2016 and 2015.
2,400
2,200
2,800
2,000
2,600
1,800
2,400
1,600
2,200
1,400
2,000
1,200
1,800
1,400
The Total Inventory of Properties available for sale as of April
was 86, down 3.4% from 89 last month and up 7.5% from 80 in
April of last year. April 2017 Inventory was at its highest level
compared with April of 2016 and 2015.
5
2
Median Sales Price and Average Sales Price
3 Mo Avg
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
2,800
14
15
16
17
2,600
1,600
Inventory & MSI
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
14
15
16
17
2
Prices
0
4
4
8
2
6
The Median Sales Price in April was $2,200,000, up 49.2%
from $1,475,000 in April of 2016 and up 32.9% from
$1,655,000 last month. The Average Sales Price in April was
$2,230,222, up 40.2% from $1,590,667 in April of 2016 and up
Prices
18.9%
from Sales
$1,875,000
month.
April 2017 ASP
was at the
The
Median
Price in last
April
was $2,200,000,
up 49.2%
highest
level compared
2016
2015.
from
$1,475,000
in April to of April
2016 of and
up and
32.9%
from
3 Mo Avg
10
14
and 200.0% higher than the 3 sales last month. April 2017 sales
were at their highest level compared to April of 2016 and 2015.
April YTD sales
of 20 are running 9.1% behind last year's year-to-
Property
Sales
date Property
sales of 22.
April
sales were 9, up 200.0% from 3 in April of 2016
and 200.0% higher than the 3 sales last month. April 2017 sales
were at their highest level compared to April of 2016 and 2015.
April YTD sales of 20 are running 9.1% behind last year's year-to-
date sales of 22.
1,200
Median Sales Price and Average Sales Price
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
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
120
90.0
14
15
16
17
80.0
100
70.0
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
80
60.0
The Total Inventory of Properties available for sale as of April
50.0
90.0
120
60
was 86, down 3.4% from 89 last month and up 7.5% from 80 in
40.0
80.0
April of last year. April 2017 Inventory was at its highest level
100
40
30.0
A comparatively lower MSI is more beneficial for sellers while a
70.0
compared with April of 2016 and 2015.
20.0
higher MSI is better for buyers. The April 2017 MSI of 9.6
80
60.0
20
10.0
months was at its lowest level compared with April of 2016 and
50.0
60 0
0.0
2015.
40.0
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
30.0
40
A comparatively lower MSI is more beneficial for sellers while a
14
15
16
17
20.0
higher MSI is better for buyers. The April 2017 MSI of 9.6
20
10.0
months was at its lowest level compared with April of 2016 and
0.0
0
2015.
M J and
J Up
A | S Property
O N Types:
D J SFH
F - M
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
Con 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 Association of REALTORS, 15
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
My Florida Regional MLS, Naples Area Board of 16
REALTORS, REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
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.
84 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REA
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.