FL ARCHIVED January 2017 | Page 108

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 924,000
-2%
3 %
Average List Price of all Current Listings
$ 1,830,616
-8%
-3%
January Median Sales Price
$ 672,500
0 %
-1%
-9%
1 %
$ 672,500
-9%
1 %
January Average Sales Price
$ 1,055,435
23 %
1 %
-11%
-3%
$ 1,055,435
-11%
-3%
Total Properties Currently for Sale ( Inventory )
581
3 %
9 %
January Number of Properties Sold
42 -37%
-24%
42
-24%
January Average Days on Market ( Solds )
98
13 %
7 %
-16%
7 %
98
-16%
7 %
Asking Price per Square Foot ( based on New Listings )
$ 433
3 %
-2%
0 %
-1%
$ 433
0 %
-1%
January Sold Price per Square Foot
$ 364
-1%
-5%
-3%
-5%
$ 364
-3%
-5%
January Month ' s Supply of Inventory
13.8
64 %
33 %
42 %
51 %
13.8
42 %
51 %
January Sale Price vs List Price Ratio
92.3 %
. 4 %
. 8 %
1.8 %
. 1 %
92.3 %
2 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
January Property sales were 42 , down 23.6 % from 55 in January of 2016 and 37.3 % lower than the 67 sales last month . January
90
Property
2017 sales Sales were at their lowest level compared to January of
100
80
January
2016 and Property 2015 . sales January were YTD 42 , down sales 23.6 of 42 % are from running 55 January 23.6 % of behind 2016 and last 37.3 year %' s lower year-to-date than the sales 67 sales of 55 last . month . January
2017 sales were at their lowest level compared to January of
90
80
70
60
2016 and 2015 . January YTD sales of 42 are running 23.6 %
70
50
behind last year ' s year-to-date sales of 55 .
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
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 $ 672,500 , down 9.1 %
1,500
Prices from $ 740,000 in January of 2016 and up 0.4 % from $ 670,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in January Sales Price was $ in 672,500 January , down was 9.1 $ 1,055,435 % ,
1,400
1,500 from down $ 740,000 10.7 % from in January $ 1,182,504 of 2016 in January and up 0.4 of % 2016 from and $ 670,000 up 23.2 %
1,300 last month . The Average Sales Price in January was $ 1,055,435 ,
1,400 from $ 856,422 last month . January 2017 ASP was at the lowest
1,200 down 10.7 % from $ 1,182,504 in January of 2016 and up 23.2 %
1,300 level compared to January of 2016 and 2015 .
1,100 from $ 856,422 last month . January 2017 ASP was at the lowest
1,200
1,000 level compared to January of 2016 and 2015 .
1,100
900
1,000
800
900
700
800
600
700
600
500
500
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
14 A 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
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
January Total Inventory was 581 , up of Properties 2.8 % from available 565 last for month sale as and of up 8.8 %
January from 534 was in 581 January , up 2.8 of % last from year 565 . last January month 2017 and Inventory up 8.8 % was
700 at
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
16.0
14.0
from its highest 534 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 was . at
600 its highest level compared with January of 2016 and 2015 .
500
400
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 January for 2017 sellers MSI while of a
13.8200 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 13.8 of 2016 months was at its highest level compared with January of 2016
100 and 2015 . and 2015 .
0
500
400
300
200
100
0
F
M A M J
M 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
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
J A S O N D J
17
12.0
10.0
8.0
6.0
4.0
2.0
0.0
49 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 66 67 42
528
F 14
543 49 528 536
73 543
523 77 84 86 86 71 54 80
550 536
555 523
531 550
517 555
542 531 538 517
501
542 538
535 546
J A S O N D J 15
50 501
66 526
535
Number of Properties Sold
57 532
546 50 517
526 63
504 532
84
505 517 508
88 504 510
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
3 Mo Avg
68
534 527
567 507
488 591
534 614
616 567 612
591 603 614
604
616 623
612
609 603
591 604
565 623
581 609
J A S O N D J 17
59 591
46 565
3 Mo Avg
66
581 67 42
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 .