FL ARCHIVED February 2017 | Page 116

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

City : Miami Beach

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
$ 589,000
1 %
5 %
Average List Price of all Current Listings
$ 1,818,610
0 %
-3%
February Median Sales Price
$ 390,000
12 %
10 %
-3%
5 %
$ 360,500
-9%
-3%
February Average Sales Price
$ 1,483,126
86 %
65 % 108 % 79 %
$ 1,114,610
41 %
34 %
Total Properties Currently for Sale ( Inventory )
3,411
1 %
7 %
February Number of Properties Sold
125 -14%
-38%
271
-23%
February Average Days on Market ( Solds )
168
17 %
17 %
47 %
37 %
154
38 %
25 %
Asking Price per Square Foot ( based on New Listings )
$ 742
2 %
0 %
-4%
2 %
$ 734
-7%
1 %
February Sold Price per Square Foot
$ 592
5 %
5 %
13 %
7 %
$ 578
6 %
4 %
February Month ' s Supply of Inventory
27.3
17 %
15 %
73 %
45 %
25.3
39 %
34 %
February Sale Price vs List Price Ratio
87.0 % -2.7% -2.6% -5.0% -3.4%
88.3 %
-3%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
February Property sales were 125 , down 38.1 % from 202 in
February of 2016 and 14.4 % lower than the 146 sales last month .
300
Property
February 2017 Sales sales were at their lowest level compared to
350
February Property of 2016 sales and 2015 were . 125 February , down 38.1 YTD % sales from 202 of 271 in are
250
February running of 22.8 2016 % behind and 14.4 last % lower year ' than s year-to-date the 146 sales sales last of month 351 . .
February 2017 sales were at their lowest level compared to
300
200
February of 2016 and 2015 . February YTD sales of 271 are
250
running 22.8 % behind last year ' s year-to-date sales of 351 .
150
200
100
150
100
50
Agent Name

Miami Beach Title

Phone Website Other

Community Information | School District

Number of Properties Sold
50
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
Prices
14
The Median Sales Price in February was $ 390,000 , down 3.5 %
1,500
Prices from $ 403,950 in February of 2016 and up 12.2 % from
The
$ 347,500 Median last Sales month Price . in The February Average was Sales $ 390,000 Price , in down February 3.5 % was
1,5001,300 from
$ 1,483,126 $ 403,950 , up in 107.9 February % from of 2016 $ 713,535 and up in 12.2 February % from of 2016 and
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand 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
$ up 347,500 85.6 % last from month $ 799,099 . The Average last month Sales . Price February in February 2017 ASP was was
1,300 at
1,100
$ the 1,483,126 highest , up level 107.9 compared % from $ 713,535 to February in February of 2016 of and 2016 2015 and .
up 85.6 % from $ 799,099 last month . February 2017 ASP was at
1,100
900
the highest level compared to February of 2016 and 2015 .
900
700
700
267 290 278 262 214 193
Number of Properties Sold
267 290 278 262 214 193 224 229 180 222 208 175 241 288 250 242 226 187 213 196 159 192 149 202 211 214 193 210 158 156 167 136 136 160 146 125
500
500 300
300 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 3,411 of , up Properties 0.5 % from available 3,393 for last sale month as of and up 6.9 % 4,000
30.0
February from 3,192 was in 3,411 February , up 0.5 of % last from year 3,393 . February last month 2017 and Inventory up 6.9 % 4,0003,500 30.0
25.0 from was 3,192 at its in highest February level of compared last year . February with February 2017 Inventory of 2016 and 3,5003,000
25.0 was 2015 at . its highest level compared with February of 2016 and 3,0002,500
20.0
2015 . 2,500
20.0 2,000
15.0
2,000 1,500
15.0
A comparatively lower MSI is more beneficial for sellers while 1,500 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 27.3 1,000 higher MSI is better for buyers . The February 2017 MSI of 27.3
1,000 months was at its highest level compared with February of 2016 500
5.0
5.0 months was at its highest level compared with February of 2016 500 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
15 16
17 14
15 16
17
224 229 180
2,595 2,645 2,624 2,594 2,583 2,644 2,566 2,606 2,649 2,507 2,638 2,664 2,706 2,653 2,547 2,510 2,542 2,504 2,536 2,691 2,806 2,866
222
2,595 2,645 2,624 2,594 2,583 2,644 2,566 2,606 2,649 2,507 2,638 2,664 2,706 2,653 2,547 2,510 2,542 2,504 2,536 2,691
208 175 241 288 250 242 226 187 213 196 159 192 149 202 211 214 193
3,049
2,806 3,192 3,199 3,247 3,185 3,142 3,143 3,106 3,143 3,216
210
2,866 3,049 3,192 3,199 3,247 3,185 3,142 3,143
158
3,106 156
3,362 3,299 3,393 3,411
3 Mo Avg
167 136 136 160
3,143 3,216 3,362 3,299 3,393 3,411
3 Mo Avg
146
125
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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 .