FL ARCHIVED November 2017 | Page 105

Market Action Report
City: Coconut Grove
November 2017
Coconut Grove
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
250
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 November was 171, up 37.9% from 150
124 days last month and up 29.5% from 132 days in November of
last year. The November 2017 DOM was at a mid level
100
compared with November of 2016 and 2015.
171
132
60
50
0
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
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Selling Price per Square Foot
Selling Price per Square Foot
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 November 2017 Selling Price per Square Foot of $454 was
down 22.0% from $583 last month and down 5.8% from 483 in
November of last year.
3 Mo Avg
600
550
483
500
457
454
450
400
350
300
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
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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 November 2017 Selling Price vs
Original List Price of 86.5% was down from 90.1% last month
and equal to 86.5% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
95.0%
100%
86.5%
86.5%
80%
60%
40%
20%
0%
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
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200
180
160
140
120
100
80
60
40
20
0
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 November 2017 was 14, down 46.2% from 26 last month and
down 44.0% from 25 in November of last year.
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
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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 REALT
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.
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