FL ARCHIVED January 2017 | Page 114

Market Action Report January 2017
Community Information | School District
Market Action Report January 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 %
12 %
Average List Price of all Current Listings
$ 632,418
3 %
16 %
January Median Sales Price
$ 288,000
7 %
3 %
20 %
7 %
$ 288,000
20 %
7 %
January Average Sales Price
$ 340,859
6 %
2 %
17 %
6 %
$ 340,859
17 %
6 %
Total Properties Currently for Sale ( Inventory )
7,770
0 %
-4%
January Number of Properties Sold
623 -35%
-23%
623
-23%
January Average Days on Market ( Solds )
89
6 %
9 %
14 %
14 %
89
14 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 301
1 %
3 %
7 %
7 %
$ 301
7 %
7 %
January Sold Price per Square Foot
$ 210
4 %
2 %
10 %
4 %
$ 210
11 %
4 %
January Month ' s Supply of Inventory
12.5
55 %
25 %
25 %
51 %
12.5
25 %
51 %
January Sale Price vs List Price Ratio
93.8 % -1.0% -. 6 % -1.0% -. 9 %
93.8 %
-1%
-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
January Property sales were 623 , down 23.4 % from 813 in
January of 2016 and 35.0 % lower than the 959 sales last month .
1,200
Property
January 2017 Sales sales were at their lowest level compared to
1,400
January Property of 2016 sales and 2015 were . 623 January , down YTD 23.4 % sales from of 813 623 in are
1,000
January running of 23.4 2016 % and behind 35.0 % last lower year than ' s year-to-date the 959 sales sales last of month 813 . .
January 2017 sales were at their lowest level compared to
1,200
800
January of 2016 and 2015 . January YTD sales of 623 are
1,000
running 23.4 % behind last year ' s year-to-date sales of 813 .
600
800
400
600
400
200
Number of Properties Sold
200
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
Prices
The Median Sales Price in January was $ 288,000 , up 20.0 %
Prices from $ 240,000 in January of 2016 and up 6.7 % from $ 269,900
The last Median month Sales . The Price Average in January Sales Price was $ in 288,000 January , up was 20.0 $ 340,859 % ,
400 from up 16.7 $ 240,000 % from in $ 292,054 January of in 2016 January and of up 2016 6.7 % and from up $ 269,900 5.7 % from
F
M A M J
14
400
350
J
A S
OMedian N D
J
F Sales M A M Price J
J
A and S O NAverage D
J
F MSales A M J Price
J
A S O N D
J
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
last
$ 322,467 month . last The month Average . January Sales Price 2017 in January ASP was was at the $ 340,859 highest , level up 16.7 % from $ 292,054 in January of 2016 and up 5.7 % from
350 compared to January of 2016 and 2015 .
300
$ 322,467 last month . January 2017 ASP was at the highest level
compared to January of 2016 and 2015 .
300
250
250
200

Miami

900 1,155
Agent Name
Title Phone Website Other

Community Information | School District

1,226 1,247 1,208
900 1,155 1,226 1,247 1,208 1,146 1,138 1,226 1,248 1,054 1,264 949 1,053 1,199 1,230 1,253 1,292 1,306 1,178 1,105 1,148 980 1,079 813 880 1,093 1,083 1,116 1,183 1,006 1,124 1,011 885 872 959 623
200 150
150 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The January Total Inventory was 7,770 of , up Properties 0.5 % from available 7,733 last for sale month as of and down 12,000
14.0
January 4.1 % from was 8,102 7,770 , in up January 0.5 % from of last 7,733 year last . month January and 2017 down 12,000 14.0
10,000 12.0
4.1 Inventory % from 8,102 was at in its January lowest of level last year compared . January with 2017 January of 2016 10,000 12.0
10.0 Inventory and 2015 was . at its lowest level compared with January of 2016 8,000
10.0 and 2015 .
8,000 8.0
6,000 8.0
6,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 6.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 higher MSI is better for buyers . The January 2017 MSI of 12.5
4.0 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 12.5 2,000 of 2016
2.0 2,000 months was at its highest level compared with January of 2016 2.0 and 2015 . 0
0.0 and 2015 .
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
15 16
17 14
15 16
17
1,146 1,138 1,226 1,248 1,054 1,264
9,099 9,238 9,454 9,657 9,594 9,568 9,503 9,570 9,631 9,622 9,112 9,104 8,971 8,753 8,431 8,205 8,031 8,075 8,009
Number of Properties Sold
949 1,053 1,199
9,099 9,238 9,454 9,657 9,594 9,568 9,503 9,570 9,631 9,622 9,112 9,104 8,971 8,753 8,431 1,230 1,253 1,292 1,306 1,178 1,105 1,148 980 1,079 813 880 1,093 1,083 1,116 1,183
7,919 8,154 7,835 7,655 8,102 8,418 8,374 8,311 8,262 8,255 8,202 8,050 8,146 8,162 8,178 7,733 7,770
3 Mo Avg
8,205 8,031 8,075 8,009 7,919 8,154 7,835 7,655 8,102 8,418 8,374 8,311 8,262 8,255 8,202 8,050 8,146 8,162 8,178 7,733 7,770
1,006 1,124 1,011 885
3 Mo Avg
872 959 623
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 .