FL ARCHIVED August 2017 | Page 110

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Miami

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
$ 429,000
2 %
11 %
Average List Price of all Current Listings
$ 666,960
4 %
17 %
August Median Sales Price
$ 305,000
2 %
2 %
10 %
14 %
$ 293,250
13 %
10 %
August Average Sales Price
$ 354,950
-4%
0 %
10 %
10 %
$ 348,282
10 %
8 %
Total Properties Currently for Sale ( Inventory )
7,767
-2%
-5%
August Number of Properties Sold
859
-6%
-24%
7,720
-8%
August Average Days on Market ( Solds )
80
3 %
0 %
0 %
3 %
82
5 %
5 %
Asking Price per Square Foot ( based on New Listings )
$ 301
-1%
1 %
9 %
8 %
$ 297
8 %
6 %
August Sold Price per Square Foot
$ 226
-1%
0 %
12 %
12 %
$ 219
10 %
9 %
August Month ' s Supply of Inventory
9.0
3 %
9 %
25 %
9 %
8.6
6 %
3 %
August Sale Price vs List Price Ratio
94.1 %
. 3 %
-. 1 % -. 8 %
-. 6 %
94.1 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400
August Property sales were 859 , down 24.4 % from 1,136 in
August of 2016 and 5.6 % lower than the 910 sales last month .
1,200
Property
August 2017 Sales sales were at their lowest level compared to August
1,400
August of 2016 Property and 2015 sales . August were 859 YTD , down sales 24.4 of 7,720 % from are 1,136 running 7.5 %
1,000
August behind of last 2016 year and ' s 5.6 year-to-date % lower than sales the of 910 8,347 sales . last month .
August 2017 sales were at their lowest level compared to August
1,200
800
of 2016 and 2015 . August YTD sales of 7,720 are running 7.5 %
1,000
behind last year ' s year-to-date sales of 8,347 .
600
800
400
600
400
200

Miami

1,226 1,248
Agent Name
Title Phone Website Other

Community Information | School District

1,054 1,264 949
Number of Properties Sold
200
0
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 305,000 , up 9.6 % from
Prices
$ 278,295 in August of 2016 and up 1.7 % from $ 300,000 last
The month Median . The Sales Average Price Sales in August Price was in August $ 305,000 was , up $ 354,950 9.6 % from , up
400
$
9.9 278,295 % from in August $ 322,887 of 2016 in August and up of 1.7 2016 % from and $ down 300,000 4.3 % last from month . The Average Sales Price in August $ 354,950 , up
380
$ 370,854 last month . August 2017 ASP was at the highest level
9.9 % from $ 322,887 in August of 2016 and down 4.3 % from
360 compared to August of 2016 and 2015 .
$ 370,854 last month . August 2017 ASP was at the highest level
340 compared to August of 2016 and 2015 .
320
300
280
260
240
220
200
S
O N D
J
F M A
MMedian J
J
A S Sales O N D Price
J
F M and A M Average J
J
A S OSales N D
J Price
F M A M J
J
A
14
15
16
17
3 Mo Avg
400
Median Sales Price and Average Sales Price
380
3 Mo Avg
360
340
320
300
280
260
240
220
200
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
14 N D
J
F
15 M 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 A
17 M J
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 7,767 Inventory , down 2.4 of % Properties from 7,956 available last month for sale and as down of August 5.2 %
12,000 was from 7,767 8,191 , down in August 2.4 % from of last 7,956 year last . August month 2017 and down Inventory 5.2 % was at
12,000
10,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
from its lowest 8,191 in level August compared of last year with . August of 2017 2016 Inventory and 2015 was . at its lowest level compared with August of 2016 and 2015 .
10,000
8,000
10.0
8.0
8,000
6,000
8.0
6.0
6,000
6.0
A comparatively lower MSI is more beneficial for sellers while a
4,000
A comparatively lower MSI is more beneficial for sellers while a
4,000
4.0 higher MSI is better for buyers . The August 2017 MSI of 9.0 higher months MSI was is better at its highest for buyers level . The compared August 2017 with MSI August of 9.0
2,000 of 2016
2,000
2.0 months and 2015 was
. at its highest level compared with August of 2016
0 and 2015 .
0
0.0
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 M J
J A
14
15
16
17
14
15
16
17
4.0
2.0
0.0
1,054 1,199 1,231
1,226 1,248 1,054 1,264 949 1,054 1,199 1,231 1,256 1,292 1,307 1,180 1,110 1,150 982 1,082 819 883 1,097 1,087 1,122 1,189 1,014 1,136 1,021 899 896 1,021 750 848 1,101 977 1,158 1,117 910 859
9,592 9,655 9,643 9,134 9,129 8,996 8,783 8,464 8,240 8,070 8,118 1,256 1,292 1,307
Number of Properties Sold
1,180 1,110 1,150
9,592 9,655 9,643 9,134 9,129 8,996 8,783 8,464 8,240 8,070 8,118 8,056 7,969 8,198 7,888 982 1,082 819 883 1,097 1,087
8,056 7,969 8,198 7,888 7,708 8,164 8,488 8,443 8,382 8,348 8,353 8,320 8,191 8,312 8,360 8,423 8,085 8,342 8,352 8,316 8,118 8,032 7,910 7,956 7,767
1,122 1,189 1,014 1,136 1,021 899 896 1,021 750
3 Mo Avg
7,708 8,164 8,488 8,443 8,382 8,348 8,353 8,320 8,191 8,312 8,360 8,423 8,085 8,342 8,352 8,316 8,118 8,032 7,910 7,956 7,767
848 1,101 977 1,158
3 Mo Avg
1,117 910 859
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
110 | 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 .