FL ARCHIVED February 2017 | Page 108

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

City : Coral Gables

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
$ 949,000
6 %
6 %
Average List Price of all Current Listings
$ 1,850,730
2 %
-2%
February Median Sales Price
$ 790,000
16 %
11 %
15 %
19 %
$ 738,750
0 %
11 %
February Average Sales Price
$ 1,083,163
5 %
10 %
-5%
0 %
$ 1,057,603
-9%
-3%
Total Properties Currently for Sale ( Inventory )
585
0 %
3 %
February Number of Properties Sold
52
8 %
-5%
100
-9%
February Average Days on Market ( Solds )
116
15 %
17 % -13%
26 %
109
-13%
18 %
Asking Price per Square Foot ( based on New Listings )
$ 476
11 %
5 %
3 %
9 %
$ 452
1 %
3 %
February Sold Price per Square Foot
$ 381
4 %
1 %
1 %
0 %
$ 374
-1%
-2%
February Month ' s Supply of Inventory
11.3
-8%
6 %
9 %
23 %
11.7
17 %
28 %
February Sale Price vs List Price Ratio
89.8 % -1.3% -1.3% -. 4 % -2.5%
90.4 %
-0%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
February Property sales were 52 , down 5.5 % from 55 in
February of 2016 and 8.3 % higher than the 48 sales last month .
90
Property
February 2017 Sales sales were at a mid level compared to February
100 of
80
February
2016 and Property 2015 . February sales were YTD 52 , down sales 5.5 of 100 % from are 55 running 9.1 %
February behind last of 2016 year and ' s year-to-date 8.3 % higher sales than of the 110 48 . sales last month .
February 2017 sales were at a mid level compared to February of
90
80
70
60
2016 and 2015 . February YTD sales of 100 are running 9.1 %
70
50
behind last year ' s year-to-date sales of 110 .
60
40
Agent Name

Coral Gables Title

Phone Website Other

Community Information | School District

50 30
Number of Properties Sold
40
20
30
10
20
0
10
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 $ 790,000 , up 15.3 %
1,500
Prices from $ 685,000 in February of 2016 and up 16.2 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 680,120 Median last Sales month Price . in The February Average was Sales $ 790,000 Price , in up February 15.3 % was
1,400
1,500 from
$ 1,083,163 $ 685,000 , down in February 5.3 % from of 2016 $ 1,144,089 and up 16.2 in February % from of 2016
1,300
$ 680,120 last month . The Average Sales Price in February was
1,400 and up 5.2 % from $ 1,029,912 last month . February 2017 ASP
1,200
$ 1,083,163 , down 5.3 % from $ 1,144,089 in February of 2016
1,300 was at the lowest level compared to February of 2016 and 2015 .
1,100 and up 5.2 % from $ 1,029,912 last month . February 2017 ASP
1,200
1,000 was at the lowest level compared to February of 2016 and 2015 .
1,100
900
1,000
800
900
700
800
600
700
600
500
500
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 585 , of up Properties 0.2 % from available 584 last for month sale as and of up 3.0 %
February from 568 was in 585 February , up 0.2 of % last from year 584 . last February month 2017 and up Inventory 3.0 % was
700 from at its 568 highest in February level compared of last year with . February 2017 of Inventory 2016 and was 2015 .
600 at its highest level compared with February of 2016 and 2015 .
500
700
600
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
12.0
10.0
14.0
12.0
10.0
8.0
400
300
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a
11.3200 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 11.3 of 2016 months was at its highest level compared with February of 2016
100 and 2015 . and 2015 .
0
200
100
0
M
A M J
A J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
6.0
4.0
2.0
0.0
J A S O N D J
F
F
17
4.0
2.0
0.0
73 77 84 86 86 71 54 80 50 66 57 50 63 84 88 93 79 62 74 60 47 60 55 55 81 63 74 88 80 68 59 46 67 69 48 52
543
M 14
536 73 543 523
77 536
550 84 86 86 71 54 80
555 523
531 550
517 555
542 531
538 517 501 542
535 538
J A S O N D J 15
50 501
66
535
546 526
57 532
546
Number of Properties Sold
50 517
526 63 504
532 84
505 517
88
508 504 510
93 505 527
79 508 507
62 510 488
74
J A S O N D J
16
60 47 60 55 55 81 63 74 88 80 68
534 527
568 507
488 592
534 616
617 568
613 592 604 616
605 617
624 613
610 604
597 605
572 624
584 610
585 597
J A S O N D J 17
3 Mo Avg
59 46
572 67 584
3 Mo Avg
69
585 48 52
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
108 | 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 .