FL ARCHIVED July 2017 | Page 112

Market Action Report
Miami
City: Miami
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
July 2017
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
$425,000
2%
12%
Other
$652,951 Trending
2% versus*:
15%
Month
LM 1%
L3M 1%
PYM 9%
LY
$300,000
$425,000
2% 6% 5%
12% 23%
$371,917
$652,951 7,795
2% -0% 15% -6%
$300,000 870
1% -21%
1% 9% -14%
12%
$371,917 6%
5%
23%
16%
79 -7% -2% 4%
7,795 -0%
-6%
$303 3% 2% 12%
870 -21%
-14%
$229 4% 2% 15%
79 -7% -2% 4% 1%
9.0 27% 17% 9%
$303 3% 2% 12% 8%
93.7% -.8% -.5% -1.3%
Average List Price of all Current Listings
Market
Profile
& Trends
July Median
Sales
Price Overview
Median
List Price
of all
Current Listings
July Average
Sales
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
July
Sales
Price
July Median
Number
of Properties
Sold
July Average Sales Price
July Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
July Number of Properties Sold
July Sold Price per Square Foot
July Average Days on Market (Solds)
July Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
July Sale Price vs List Price Ratio
July Sold Price per Square Foot
$229 4% 2% 15%
9.0 27% 17% 9%
93.7% -.8% -.5% -1.3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
July Month's Supply of Inventory
July 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
1,400
July Property sales were 870, down 14.1% from 1,013 in July of
2016 and 21.5% lower than the 1,108 sales last month. July 2017 1,200
Property
sales were Sales
at their lowest level compared to July of 2016 and 1,400
July
Property
sales sales
were of
870,
down
from 5.6%
1,013 behind
in July last
of
1,000
2015.
July YTD
6,804
are 14.1%
running
2016
and
21.5% lower sales
than of
the 7,210.
1,108 sales last month. July 2017 1,200
year's
year-to-date
800
sales were at their lowest level compared to July of 2016 and
1,000
8%
$297
6,804
-6%
14%
$218
82
6%
8%
8.5
$297
8%
-1.0%
94.0%
3 Mo Avg
3 Mo Avg
14
400
380
360
340
320
300
280
260
240
220
200
16
17
3 Mo Avg
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
15 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 S 14
O N D J F M
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
4,000
10.0
8.0
6,000
6,000
12.0
12.0
8,000
6.0
4,000
4.0
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
July 2017
MSI of
9.0 a
2,000
higher
MSI
is better
for buyers.
July 2017
MSI July
of 9.0
months
was
at its highest
level The
compared
with
of 2016 and 2,000
2.0
months
0
2015. was at its highest level compared with July of 2016 and
0
0.0
2015.
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 M J J
14
15
16
17
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
.
15
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of July
12,000
was Total
7,795,
down 0.2%
from 7,813
last month
and
6.3%
The
Inventory
of Properties
available
for sale
as down
of July
from
8,318
in July
last 7,813
year. last
July month
2017 Inventory
was at its 12,000
was
7,795,
down
0.2% of from
and down 6.3%
10,000
from
8,318
in compared
July of last with
year. July
July of
2017
Inventory
was at its
lowest
level
2016
and 2015.
10,000
8,000
lowest level compared with July of 2016 and 2015.
112 | c
1,097
1,150
1,110
Prices
A comparatively lower MSI is more beneficial for sellers while a
5%
6%
8%
3%
-1%
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
14
15
16
17
A S O N D J F M A Median
M J J A Sales
S O N Price
D J F and
M A M
J
J
A
S
O
N
D
J
F
M
A
M J J
Average Sales Price
3 Mo Avg
0
Inventory & MSI
0
200
200
400
340
320
300
280
260
240
220
200
-6% 8%
6% 8%
8%
10%
5%
4%
6%
-1%
400
600
month. July 2017 ASP was at the highest level compared to July
of 2016 and 2015.
$290,118 6,804
12%
$347,621
10%
1%
82
600
800
The Median Sales Price in July was $300,000, up 9.1% from
Prices
$275,000 in July of 2016 and up 0.8% from $297,500 last
The
Median
Sales
Price Sales
in July Price
was $300,000,
9.1% from
month.
The
Average
in July was up
$371,917,
up 22.7%
400
$275,000
in July of
and
up 0.8%
from
$297,500
last
from $303,039
in 2016
July of
2016
and up
5.5%
from $352,383
last
380
month.
Average
Sales was
Price
was $371,917,
up 22.7%
month. The
July
2017 ASP
at in
the July
highest
level compared
to July
360
from
$303,039
in
July
of
2016
and
up
5.5%
from
$352,383
last
of 2016 and 2015.
Trending versus*:
Prior YTD 12%
Prior Year 8%
12% YTD
$290,118
16%
$347,621
10%
8%
Number of Properties Sold
2015. July YTD sales of 6,804 are running 5.6% behind last
year's year-to-date sales of 7,210.
Trending versus*:
Prior YTD Prior Year
YTD
14%
$218
10%
8%
8%
8.5
4%
3%
Number of 94.0%
Properties
-1.0%
-1% Sold -1%
City: Miami
July 2017
10.0
8.0
6.0
4.0
2.0
0.0
Data
provided
courtesy
of
Miami Association
of REALTORS,
Florida MLS,
R egional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
o of l Greater
d Greater
w Fort
e l Fort
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.