FL ARCHIVED April 2018 | Page 100

Market Action Report
April 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
Trending versus*:
LM L3M PYM
LY
$470,000
2%
8%
Other
$1,069,658 Trending
2% versus*: 7%
Month
LM -1%
L3M 1%
PYM 5%
LY
$305,000
$470,000
2% 0% 1%
8% 8%
$489,150
$1,069,658
2% -3%
7% -3%
20,611
$305,000 2,214
-1% 0%
1% 5% 3%
5%
$489,150 0%
1%
8%
10%
96 4% 0% 7%
20,611 -3%
-3%
$328 -1% -3% 3%
2,214 0%
3%
$253 2% 1% 6%
96 4% 0% 7% 5%
9.3 -3% -12% -5%
$328 -1% -3% 3% -1%
93.2% .1% .4% -.2%
$253 2% 1% 6% 8%
$250
6%
6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
April Month's Supply of Inventory
9.3 -3% -12% -5% -13%
11.1
2%
4%
of 92.8%
Properties
April Sale Price vs List Price Ratio
93.2% .1% .4% -.2% Number
.1%
-0% Sold -0%
20
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
15
16
17
18
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
3,000
April Property sales were 2,214, up 2.5% from 2,159 in April of
2017 and 0.0% higher than the 2,213 sales last month. April
2,500
Property
2018 sales Sales
were at a mid level compared to April of 2017 and 3,000
April
Property
sales sales
were of
2,214,
2.5%
from 2,159
April of
2016.
April YTD
7,756 up are
running
4.1% in
behind
last
2,000
2017
and
0.0% higher sales
than of
the 8,089.
2,213 sales last month. April
year's
year-to-date
2,500
Number of Properties Sold
3 Mo Avg
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 April 2018 Selling Price per Square Foot of $253 was up
2.2% from $247 last month and up 5.9% from 239 in April of
last year.
1,500
2,000
1,000
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
18
M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
15
16
17
18
3 Mo Avg
.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
16,000
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
18
15
16
17
18
15,000
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
20,000
Total Inventory & Month's Supply of Inventory (MSI)
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
18
25,000
17
17,000
16,000
93.2%
Inventory / New Listings / Sales
Inventory / New Listings / Sales
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 April 2018 was 4,422, down 3.8% from 4,595 last
month and up 5.4% from 4,196 in April of last year.
16
Total Inventory & Month's Supply of Inventory (MSI)
18,000
17,000
93.4%
94%
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
18
19,000
18,000
94%
91%
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
22,000
was Total
20,611,
down 2.9%
from 21,227
last for
month
and
The
Inventory
of Properties
available
sale as
of down
April 3.1%
22,000
from
21,265
in April
last 21,227
year. last
April
2018 and
Inventory
was at its
was
20,611,
down
2.9% of
from
month
down 3.1%
21,000
from
21,265
April of last
year.
April
2018 Inventory
lowest
level in compared
with
April
of 2017
and 2016. was at its 21,000
20,000
lowest level compared with April of 2017 and 2016.
A comparatively lower MSI is more beneficial for sellers while a
94.4%
95%
92%
15
A higher
comparatively
lower MSI
is more The
ben eficial
sellers
MSI is better
for buyers.
April for
2018
MSI while
of 9.3 a
higher
MSI
is better
for level
buyers.
The April
2018
MSI of of 2017
9.3 and
months
was
at a mid
compared
with
April
months
2016. was at a mid level compared with April of 2017 and
2016.
95%
92%
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
16 A M J J A S O N D J F M 17
M J 15 J A S O N D J F M
A M J J A S O N D J F M A 18
19,000
96%
93%
250 200
20,000
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93%
300 250
Inventory & MSI
239
Selling Price versus Listing Price Ratio
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 April 2018 Selling Price vs Original
List Price of 93.2% was up from 93.1% last month and down
from 93.4% in April of last year.
350 300
200
239
April of 2017 and 2016.
Median Sales Price and Average Sales Price
253
Prices
The Median Sales Price in April was $305,000, up 5.2% from
500
Prices
$290,000 in April of 2017 and down 1.3% from $309,000 last
The
Median
Sales
Price Sales
in April
was in
$305,000,
5.2% from up 8.0%
month.
The
Average
Price
April was up
$489,150,
500 450
$290,000
in April in of April
2017 of and
down
from $309,000
last last
from $452,954
2017
and 1.3%
up 0.4%
from $487,156
month.
Average
Price at in the
April
was $489,150,
up 8.0%
month. The
April
2018 Sales
ASP was
highest
level compared
to 450 400
from
in April
of 2017 and up 0.4% from $487,156 last
April $452,954
of 2017 and
2016.
month. April 2018 ASP was at the highest level compared to
400 350
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
15
16
17
18
2,190
2,518
2,106
1,917
0
0
500
1,000 500
1,500
300
290
280
270
260
250
240
230
220
210
200
2018 sales were at a mid level compared to April of 2017 and
2016. April YTD sales of 7,756 are running 4.1% behind last
year's year-to-date sales of 8,089.
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
40
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
-1%
$339
7,756
-4%
8%
$250
96
4%
-13%
11.1
$339
2%
.1%
92.8%
5%
2%
6%
4%
-0%
60
April Average Days on Market (Solds)
-4% 4%
4% 9%
2%
6%
5%
2%
2%
-0%
80
April Sold Price per Square Foot
$301,938 7,756
8%
$485,391
8%
5%
96
96
90
81
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
8%
100
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
4%
9%
April Average Sales Price
$485,391
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 April was 96, up 4.3% from 92
days last month and up 6.7% from 90 days in April of last year.
The April 2018 DOM was at a mid level compared with April of
2017 and 2016.
3 Mo Avg
120
April
Sales
Price
April Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 8%
Prior Year
$301,938
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
5%
10%
Community Information | School District
Price Range: All | Properties: SFH - Con
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
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
April 2018
Miami-Dade County
County: Miami-Dade
April 2018
County: Miami-Dade Community Information | School District
Market Action Report
10,000
5,000
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
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 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.
.
| 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
estat e 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.