FL ARCHIVED February 2017 | Page 102

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

County : Miami-Dade

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
$ 455,000
1 %
11 %
Average List Price of all Current Listings
$ 1,058,331
2 %
8 %
February Median Sales Price
$ 280,000
2 %
2 %
12 %
6 %
$ 279,900
12 %
6 %
February Average Sales Price
$ 493,526
18 %
16 %
18 %
17 %
$ 454,990
8 %
8 %
Total Properties Currently for Sale ( Inventory )
20,030
-2%
-2%
February Number of Properties Sold
1,482
-6%
-23%
3,058
-16%
February Average Days on Market ( Solds )
92
-5%
3 %
5 %
10 %
94
11 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 371
-1%
-1%
3 %
5 %
$ 373
2 %
6 %
February Sold Price per Square Foot
$ 254
2 %
4 %
7 %
6 %
$ 251
5 %
5 %
February Month ' s Supply of Inventory
13.5
4 %
12 %
27 %
40 %
13.2
19 %
37 %
February Sale Price vs List Price Ratio
92.8 %
. 0 %
-. 7 % -1.8% -1.3%
92.8 %
-2%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,000 February Property sales were 1,482 , down 23.0 % from 1,924 in February of 2016 and 6.0 % lower than the 1,576 sales last
2,500 Property month . February Sales 2017 sales were at their lowest level compared 3,000 February to February Property of 2016 sales and were 2015 1,482 . February , down 23.0 YTD % from sales 1,924 of 3,058 in are February of 2016 and 6.0 % lower than the 1,576 sales last
2,000 running 15.6 % behind last year ' s year-to-date sales of 3,625 . 2,500 month . February 2017 sales were at their lowest level compared
to February of 2016 and 2015 . February YTD sales of 3,058 are 1,500 2,000 running 15.6 % behind last year ' s year-to-date sales of 3,625 . 1,000
1,500
Agent Name

Miami-Dade County Title

Phone Website Other

Community Information | School District

1,000 500
Number of Properties Sold
500
0
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 280,000 , up 12.2 %
Prices from $ 249,500 in February of 2016 and up 1.6 % from $ 275,700
The last Median month Sales . The Price Average in February Sales Price was in $ 280,000 February , up was 12.2 $ 493,526 % ,
500 from up 17.9 $ 249,500 % from in $ February 418,673 in of February 2016 and of up 2016 1.6 % and from up $ 275,700 17.9 % from
M
A M J
14
500
450
J
A S O
NMedian D
J
F M Sales A M J Price
J A S and O N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
last
$ 418,752 month . last The month Average . February Sales Price 2017 in February ASP was was at the $ 493,526 highest , up level 17.9 compared % from $ 418,673 to February in February of 2016 of and 20162015 and . up 17.9 % from
450
400
$ 418,752 last month . February 2017 ASP was at the highest
400
350
level compared to February of 2016 and 2015 .
350
300
300 250
2,435 2,648 2,723 2,628 2,497
2,435 2,648 2,723 2,628 2,497 2,386 2,552 2,632 2,083 2,607 2,024 2,065 2,563 2,654 2,634 2,744 2,758 2,380 2,364 2,434 1,961 2,249 1,701 1,924 2,364 2,342 2,296 2,509 2,172 2,332 2,127 1,877 1,881 2,039 1,576 1,482
250
200
200
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
14 M J
J
A S O N D
J
F M
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
17
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
The
February Total Inventory was 20,030 of Properties , down 1.8 available % from 20,390 for sale last of month and
22,000
February down 2.0 was % from 20,030 20,430 , down in 1.8 February % from 20,390 of last last year month . February and 2017
22,000
21,000 down
Inventory 2.0 % from was at 20,430 its lowest in February level compared of last year with . February 2017 of
21,000
Inventory
2016 and was 2015 at . its lowest level compared with February of
20,000
2016 and 2015 .
20,000
19,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
12.0
10.0
19,000
8.0
A comparatively lower MSI is more beneficial for sellers while a
18,000
6.0
A comparatively lower MSI is more beneficial for sellers while a
18,000 higher MSI is better for buyers . The February 2017 MSI of 13.5 higher MSI is better for buyers . The February 2017 MSI of 13.5
17,000
4.0 months was at its highest level compared with February of 2016
17,000 months was at its highest level compared with February of 2016
2.0 and 2015 .
16,000 and 2015 .
16,000
0.0
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 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
14
15
16
17
14
15
16
17
2,386 2,552 2,632 2,083
21,224 21,495 21,332 21,261 21,175 21,049 21,328 21,402
20,735 21,224
20,735 21,495 21,332 21,261 21,175 21,049 21,328 21,402
20,222 20,465 20,290 2,607 2,024
Number of Properties Sold
2,065 2,563
19,926 19,326
18,801 18,297
2,654
20,222 20,465 20,290
19,926 19,326
2,634 2,744
18,801 18,297 18,305
18,305 18,146 18,202
18,875
2,758 2,380 2,364 2,434 1,961
19,627 20,430 20,505 20,518
18,487 18,146
18,442 18,202
18,875 18,487 18,442
2,249
19,627 1,701 1,924 2,364 2,342 2,296 2,509 2,172
20,438 20,422 20,314 20,221 20,315 20,394 20,654
19,829 20,390
20,030
3 Mo Avg
2,332 2,127
20,430 20,505 20,518 20,438 20,422 20,314 20,221 20,315 20,394 20,654
1,877 19,829
1,881
3 Mo Avg
2,039
20,390
20,030 1,576 1,482
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
102 | 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 .