Market Action Report February 2017
Community Information | School District
Market Action Report February 2017
City : Coconut Grove
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 |
$ 1,900,000 |
6 % |
|
51 % |
|
|
|
|
Average List Price of all Current Listings |
$ 2,728,033 |
9 % |
|
44 % |
|
|
|
|
February Median Sales Price |
$ 2,162,500 |
160 % 84 % |
65 % 170 % |
$ 1,550,000 |
27 % |
94 % |
February Average Sales Price |
$ 2,064,875 |
104 % 44 % |
37 % |
92 % |
$ 1,614,224 |
18 % |
50 % |
Total Properties Currently for Sale ( Inventory ) |
133 |
-4% |
-18% |
|
|
|
|
February Number of Properties Sold |
8 |
33 % |
-50% |
|
14 |
-36% |
|
February Average Days on Market ( Solds ) |
184 -13% 14 % 109 % 48 % |
196 |
155 % |
58 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 822 |
26 % |
12 % |
17 % |
43 % |
$ 707 |
31 % |
23 % |
February Sold Price per Square Foot |
$ 508 |
36 % |
18 % |
-1% |
19 % |
$ 451 |
-6% |
5 % |
February Month ' s Supply of Inventory |
16.6 -28% -8% |
64 % |
21 % |
19.8 |
3 % |
44 % |
February Sale Price vs List Price Ratio |
85.3 % -5.5% -2.1% -6.7% -2.7% |
87.5 % |
-4% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 8 , down 50.0 % from 16 in February of 2016 and 33.3 % higher than the 6 sales last month . Property February 2017 Sales sales were at their lowest level compared to 30
February February Property of 2016 sales and 2015 were . 8 , February down 50.0 YTD % from sales 16 of in 14 are February running of 36.4
2016 % behind and 33.3 last % higher year ' s than year-to-date the 6 sales sales last of month
22 . .
25
February 2017 sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 14 are
20 running 36.4 % behind last year ' s year-to-date sales of 22 .
Agent Name
Coconut Grove Title
Phone Website Other
Community Information | School District
15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
166
22 25
178
166 187
185 178 20 19 25 20
5 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
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 Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg
The Median Sales Price in February was $ 2,162,500 , up 64.8 % Prices
2,200 from $ 1,312,500 in February of 2016 and up 160.2 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 831,065 Median last Sales month Price . in The February Average was Sales $ 2,162,500 Price in , up February 64.8 % was 2,000
2,200 from $ 2,064,875 $ 1,312,500 , up in 36.7 February % from of $ 2016 1,510,422 and up in 160.2 February % from of 2016 and 1,800 $ 831,065 last month . The Average Sales Price in February was 2,000 up 103.8 % from $ 1,013,355 last month . February 2017 ASP was 1,600 $ at 2,064,875 the highest , up 36.7 level % compared from $ 1,510,422 to February in February of 2016 of and 20162015 and .
1,800 up 103.8 % from $ 1,013,355 last month . February 2017 ASP was 1,400
1,600 at the highest level compared to February of 2016 and 2015 .
1,400
1,200
1,2001,000
1,000 800
800 600
600 400
400 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 M15A 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 133 , of down Properties 3.6 % from available 138 last for sale month as of and down 250 30.0
February 17.9 % from was 162 133 , in down February 3.6 % from of last 138 year last . month February and 2017 down 250 30.0
17.9 Inventory % from 162 was in at February its lowest of level last year compared . February with 2017 200
25.0 February of
200 25.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 20.0
150 2016 and 2015 .
20.0 150
15.0
100 15.0
A comparatively lower MSI is more beneficial for sellers while 100 a 10.0
A comparatively lower MSI is more beneficial for sellers while a
10.0 higher MSI is better for buyers . The February 2017 MSI of 16.6 50 higher MSI is better for buyers . The February 2017 MSI of 16.6 months was at its highest level compared with February of 2016
50 5.0
5.0 months was at its highest level compared with February of 2016 and 2015 .
0 0.0 and 2015 . 0
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
14 15
15 16
16 17
17
14 16 19
194 187
199 185
195 194
191 199
186 195 183 191
184 186
20 183
180
181 20 16 21 21 15 28 21 15 11 20 15
22 25 20 19 25 20 14 16 19 20 20 16 21 21 15 28 21 15 11 20 15 15 6
184 160
180 152
181 148
160
149 153
152
157 148
165 149
165 153
150 157
169 165
162 165
166 150
150 169
148 162
150 166 146 150
136 148
133 150
132 146
139 136
133
133 138 132
133 139
15 6 16 11 12 12
16 11 12 12 24 16 9
24 11
16
7 9
13
11 7
133 13
9 6 8
138 9
133 6 8
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
106 | 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 .