FL ARCHIVED January 2017 | Page 106

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 1,742,500
-6%
59 %
Average List Price of all Current Listings
$ 2,492,548
5 %
40 %
January Median Sales Price
$ 707,130
-18% -13%
5 %
-12%
$ 707,130
5 %
-12%
January Average Sales Price
$ 956,026
-5% -11% -3%
-11%
$ 956,026
-3%
-11%
Total Properties Currently for Sale ( Inventory )
136
3 %
-20%
January Number of Properties Sold
5 -44%
-17%
5
-17%
January Average Days on Market ( Solds )
244
64 %
61 % 398 % 97 %
244
398 %
97 %
Asking Price per Square Foot ( based on New Listings )
$ 664
-8%
-6%
55 %
15 %
$ 664
55 %
15 %
January Sold Price per Square Foot
$ 373
-7%
-6%
-7%
-13%
$ 373
-7%
-13%
January Month ' s Supply of Inventory
27.2
85 %
55 %
-3%
98 %
27.2
-3%
98 %
January Sale Price vs List Price Ratio
89.8 %
2.6 % 2.2 % -1.9% 2.5 %
89.8 %
-2%
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales January Property sales were 5 , down 16.7 % from 6 in January of 2016 and 44.4 % lower than the 9 sales last month . January Property 2017 sales Sales were at their lowest level compared to January of 30
January 2016 and Property 2015 . sales January were YTD 5 , down sales 16.7 of % 5 are from running 6 January 16.7 % of 2016 behind and last 44.4 year % lower
' s year-to-date than the 9 sales sales last of 6 month .
. January
25 2017 sales were at their lowest level compared to January of 2016 and 2015 . January YTD sales of 5 are running 16.7 %
20 behind last year ' s year-to-date sales of 6 .
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
5 0 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 M J J A S O N D J
0 14 15
16 17
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 M J J A S O N D J Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg
The Median Sales Price in January was $ 707,130 , up 5.3 % from Prices
1,600 $ 671,750 in January of 2016 and down 18.3 % from $ 865,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in January Sales Price was $ in 707,130 January , up was 5.3 % $ 956,026 from 1,600
,
1,400 $ down 671,750 2.7 in % January from $ 982,250 of 2016 and in January down 18.3 of % 2016 from and $ 865,000 down 5.0 % last from month $ 1,006,667 . The Average last month Sales . Price January in January 2017 ASP was $ was 956,026 at a mid ,
1,4001,200 down range 2.7 compared % from $ 982,250 to January in January of 2016 of and 2016 2015 and . down 5.0 % from $ 1,006,667 last month . January 2017 ASP was at a mid 1,2001,000 range compared to January of 2016 and 2015 .
1,000 800 800 600 400
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 M J
J
A S O N D
J
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
January Total Inventory was 136 , up of Properties 3.0 % from available 132 last for month sale and as of down 19.5 %
January from 169 was in 136 January , up 3.0 of % last from year 132 . last January month 2017 and Inventory down 19.5 % was
250 at from its lowest 169 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 was . at
200 its lowest level compared with January of 2016 and 2015 .
150
250
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
100
15.0
A comparatively lower MSI is more beneficial for sellers while
100 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
January for 2017 sellers MSI while of a 27.2 higher MSI is better for buyers . The January 2017 MSI of 27.2 months was at a mid level compared with January of 2016 and
50 months was at a mid level compared with January of 2016 and
2015 .
2015 .
0
10.0
50
5.0
0
0.0
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 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
14
14
15
15
16
16
17
17
165
600
400
20 22
166
178 165
166 187 25 20 19 25 20 14 16
185 178
194 187
199 185
195 194
191 199 186 195
183 191
19
184
180 20 20 16 21 21 15 28 21 15
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 M J
J
A S O N D
J
14
15
16
17
186
11 20
183 181
184 160
180 152
181
148 149
160
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
134 150
132 146
138 136
132 134
136 132
20 22 25 20 19 25 20 14 16 19 20 20 16 21 21 15 28 21 15 11 20 15 15 6 15 15 6 16 11 12 12
16 11 12 12 24 16 9
24
11 16
7 9
13 11
138 7
9 5
132 13
136 9 5
30.0 25.0 20.0
15.0 10.0 5.0 0.0
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 .