Market Action Report February 2017
Community Information | School District
Market Action Report February 2017
City : Miami
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 |
$ 415,000 |
4 % |
|
11 % |
|
|
|
|
Average List Price of all Current Listings |
$ 625,212 |
1 % |
|
13 % |
|
|
|
|
February Median Sales Price |
$ 276,450 |
-1% |
0 % |
11 % |
3 % |
$ 279,900 |
14 % |
5 % |
February Average Sales Price |
$ 329,276 |
-2% |
-1% |
2 % |
2 % |
$ 333,452 |
8 % |
4 % |
Total Properties Currently for Sale ( Inventory ) |
7,784 |
-3% |
|
-8% |
|
|
|
|
February Number of Properties Sold |
699 |
-2% |
|
-21% |
|
1,414 |
-17% |
|
February Average Days on Market ( Solds ) |
80 -10% -2% |
-1% |
3 % |
85 |
8 % |
9 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 300 |
0 % |
2 % |
7 % |
7 % |
$ 300 |
7 % |
7 % |
February Sold Price per Square Foot |
$ 209 |
-1% |
2 % |
9 % |
4 % |
$ 210 |
10 % |
4 % |
February Month ' s Supply of Inventory |
11.1 |
-0% |
11 % |
16 % |
35 % |
11.2 |
14 % |
35 % |
February Sale Price vs List Price Ratio |
93.3 % |
-. 5 % -. 8 % -2.5% -1.5% |
93.6 % |
-2% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales |
1,400 |
February Property sales were 699 , down 20.7 % from 881 in |
February of 2016 and 2.2 % lower than the 715 sales last month . |
1,200 |
|
Property
February 2017 Sales sales were at their lowest level compared to
|
1,400 |
February Property of 2016 sales and 2015 were . 699 February , down 20.7 YTD % sales from of 881 1,414 in are |
1,000 |
|
February running of 16.7 2016 % behind and 2.2 last % lower year than ' s year-to-date the 715 sales sales last of month 1,697 ..
February 2017 sales were at their lowest level compared to
|
1,200 |
800 |
February of 2016 and 2015 . February YTD sales of 1,414 are |
1,000 |
|
running 16.7 % behind last year ' s year-to-date sales of 1,697 . |
|
600 |
|
800 |
|
|
|
400 |
|
600 |
|
|
400 |
200 |
Miami
Number of Properties Sold
0
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
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 $ 276,450 , up 10.6 %
400
Prices from $ 250,000 in February of 2016 and down 1.3 % from Median Sales Price and Average Sales Price
3 Mo Avg The $ 280,000 Median Sales last month Price in . The February Average was Sales $ 276,450 Price , up in February 10.6 % was
380
400 from $ 329,276 $ 250,000 , up 2.2 in February % from $ of 322,038 2016 and in February down 1.3 % of from 2016 and 360 $ 280,000 last month . The Average Sales Price in February was
380
down 2.4 % from $ 337,536 last month . February 2017 ASP was 340 $ 329,276 , up 2.2 % from $ 322,038 in of 2016 and 360 at the highest level compared to February of 2016 and 2015 . 320 down 2.4 % from $ 337,536 last month . February 2017 ASP was 340
300 at the highest level compared to February of 2016 and 2015 . 320
280 300
260 280
240 260
220
240 220
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 7,784 of , Properties down 2.7 % available from 7,997 for sale last as month of and 12,000
12.0
February down 7.8 was % from 7,7848,439 , down in 2.7 February % from 7,997 of last last year month . February and 201712,000 12.0
10,000 10.0 down Inventory 7.8 % from was at 8,439 its lowest in February level compared of last year with . February 2017 of 10,000 10.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 8,000
8.0
2016 and 2015 . 8,000
8.0 6,000
6.0
6,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 4.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 higher MSI is better for buyers . The February 2017 MSI of 11.1 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 11.1 2,000
2.0 of 20162,000
2.0 months and 2015 was . at its highest level compared with February of 2016
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
A J F M A M J
F M A M J F
14 15
16 17
1,155 1,226 1,247 1,208 1,146 1,138 1,226 1,248 1,054 1,264 949 1,054 1,199 1,230 1,254 1,292 1,306 1,178 1,107 1,150 981 1,081 816 881 1,093 1,085 1,119 1,187 1,010 1,133 1,016 890 886 993 715 699
9,242 9,458 9,661 9,599 9,573 9,508 9,577 9,638 9,626 9,116 9,108 8,973 8,756 8,436 8,212 8,038 8,082 8,019
M
14
1,155 1,226
Agent Name
Title Phone Website Other
Community Information | School District
1,247 1,208 1,146 1,138 1,226 1,248 1,054
J A S O N D J
15
1,264 949
Number of Properties Sold
1,054 1,199 1,230
9,242 9,458 9,661 9,599 9,573 9,508 9,577 9,638 9,626 9,116 9,108 8,973 8,756 8,436 8,212 1,254 1,292 1,306 1,178 1,107
7,933 8,169 7,851 7,673 8,124 8,439 8,395 8,334 8,292 8,294 8,246 8,099 8,201 8,219 8,260 7,857 7,997 7,784
J A S O N D J
16
1,150 981 1,081 816 881 1,093 1,085 1,119 1,187 1,010
J A S O N D J 17
3 Mo Avg
8,038 8,082 8,019 7,933 8,169 7,851 7,673 8,124 8,439 8,395 8,334 8,292 8,294 8,246 8,099 8,201 8,219 8,260 7,857 7,997 7,784
1,133 1,016 890 886
3 Mo Avg
993 715 699
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
114 | 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 .