FL ARCHIVED July 2017 | Page 114

Market Action Report
City: Miami Beach
July 2017
Miami Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
July 2017
City: Miami Beach 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
$579,000
0%
1%
Other
$1,725,747 Trending
-0% versus*:
-5%
Month
LM -21%
L3M -14%
PYM -13%
LY
$330,000
$579,000
0% -16% -9%
1% -18%
$792,936
$1,725,747 3,260
-0% -1% -5% 3%
$330,000 153
-21% -21%
-14% -13% -4%
-11%
$792,936 132
-16% -5%
-9% -6%
-18% 12%
-4%
3,260 -1%
3%
$657 0% -2% -5%
153 -21%
-4%
$468 -22% -14% -14%
132 -5% -6% 12% 7%
21.3 25% 15% 7%
$657 0% -2% -5% -9%
89.4% 1.2% .8% .0%
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 S old
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
$468 -22% -14% -14%
21.3 25% 15% 7%
89.4% 1.2% .8% .0%
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
350
July Property sales were 153, down 3.8% from 159 in July of
2016 and 20.7% lower than the 193 sales last month. July 2017
300
Property
sales were Sales
at their lowest level compared to July of 2016 and 350
July
Property
sales sales
were of
153,
down
from 8.0%
159 in behind
July of last
250
2015.
July YTD
1,237
are 3.8%
running
2016
and
20.7% lower sales
than of
the
193 sales last month. July 2017
300
year's
year-to-date
1,344.
200
sales were at their lowest level compared to July of 2016 and
3 Mo Avg
3 Mo Avg
Prices
14
The Median Sales Price in July was $330,000, down 13.2% from
Prices
$380,000 in July of 2016 and down 21.4% from $420,000 last
1,300
The
Median
Sales
Price Sales
in July Price
was $330,000,
13.2% down
from
month.
The
Average
in July was down
$792,936,
$380,000
in July
of 2016 in and
21.4%
from
$420,000
last
18.3% from
$970,595
July down
of 2016
and
down
15.9% from
1,300 1,100
month.
The last
Average
Sales
Price
in July
down
$943,310
month.
July
2017
ASP was
was $792,936,
at the lowest
level
18.3%
from
$970,595
in
July
of
2016
and
down
15.9%
from
compared to July of 2016 and 2015.
1,100 900
$943,310 last month. July 2017 ASP was at the lowest level
15
16
212
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 M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
Median Sales Price and Average Sales Price M J J 3 Mo Avg
0
17
Median Sales Price and Average Sales Price
3 Mo Avg
900 700
700
500
300
Inventory & MSI
500
300
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 S 14
O N D J F M
A M J J A S O N D J F M A 17 M J J
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
30.0
0
2015.
The Total Inventory
Inventory
& MSI of Properties available for sale as of July
was Total
3,260,
down 1.3%
from 3,303
last month
and
3.3% from 4,000
The
Inventory
of Properties
available
for sale
as up
of July
4,000 3,500
3,156
in July
of 1.3%
last year.
July 2017
Inventory
was 3.3%
at its
highest
was
3,260,
down
from 3,303
last month
and up
from
3,156
July of last
year.
July
level in
compared
with
July
of 2017
2016 Inventory
and 2015. was at its highest 3,500 3,000
level compared with July of 2016 and 2015.
3,000 2,500
2,500 2,000
2,000 1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
July 2017
MSI of
21.3 a 1,000 1,000
higher
MSI
is better
for buyers.
July 2017
MSI July
of 21.3
500
months
was
at its highest
level The
compared
with
of 2016 and
500
months
0
2015. was at its highest level compared with July of 2016 and
20.0
15.0
10.0
5.0
0.0
15
16
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
.
25.0
25.0
20.0
15.0
10.0
5.0
0.0
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
114 | c
196
0
50
50
100
compared to July of 2016 and 2015.
17%
-5%
-1%
4%
-2%
100
150
-9%
$689
1,237
-8%
-15%
$551
144
22%
14%
19.5
$689
-7%
-.7%
88.6%
-8% 0%
22% 10%
-7%
-2%
17%
16%
-5%
-2%
150
200
250
$370,000 1,237
-4%
$904,606
6%
7%
144
Number of Properties Sold
2015. July YTD sales of 1,237 are running 8.0% behind last
year's year-to-date sales of 1,344.
Trending versus*:
Prior YTD -4%
Prior Year 0%
-11% YTD
$370,000
-4%
$904,606
6%
10%
-15%
$551
-2%
-1%
14%
19.5
16%
4%
Number
of 88.6%
Properties
-.7%
-2% Sold -2%
* 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
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
17
Data
provided
courtesy
of
Miami Association
of REALTORS,
Florida MLS,
Regional
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.