FL ARCHIVED January 2017 | Page 116

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 585,000
1 %
6 %
Average List Price of all Current Listings
$ 1,839,545
1 %
0 %
January Median Sales Price
$ 353,500
2 %
1 %
-9%
-4%
$ 353,500
-9%
-4%
January Average Sales Price
$ 848,932
37 %
10 %
-5%
2 %
$ 848,932
-5%
2 %
Total Properties Currently for Sale ( Inventory )
3,373
3 %
11 %
January Number of Properties Sold
130 -17%
-13%
130
-13%
January Average Days on Market ( Solds )
145
16 %
7 %
33 %
18 %
145
33 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 735
0 %
1 %
-8%
0 %
$ 735
-8%
0 %
January Sold Price per Square Foot
$ 584
3 %
4 %
1 %
5 %
$ 584
1 %
5 %
January Month ' s Supply of Inventory
25.9
24 %
9 %
27 %
38 %
25.9
27 %
38 %
January Sale Price vs List Price Ratio
89.0 % -2.7% -. 8 % -2.2% -1.1%
89.0 %
-2%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
January Property sales were 130 , down 12.8 % from 149 in
January of 2016 and 17.2 % lower than the 157 sales last month .
300
Property
January 2017 Sales sales were at their lowest level compared to
350
January Property of 2016 sales and 2015 were . 130 January , down YTD 12.8 % sales from of 149 130 in are
250
January running of 12.8 2016 % and behind 17.2 % last lower year than ' s year-to-date the 157 sales sales last of month 149 ..
January 2017 sales were at their lowest level compared to
300
200
January of 2016 and 2015 . January YTD sales of 130 are
250
running 12.8 % behind last year ' s year-to-date sales of 149 .
150
200
100
150
100
50
Agent Name

Miami Beach Title

Phone Website Other

Community Information | School District

Number of Properties Sold
50
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 $ 353,500 , down 9.4 %
1,300
Prices from $ 390,000 in January of 2016 and up 2.5 % from $ 345,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in January Sales Price was $ in 353,500 January , down was 9.4 $ 848,932 % ,
1,200
1,300 from down $ 390,000 5.5 % from in January $ 897,974 of in 2016 January and up of 2.5 2016 % from and $ up 345,000 37.3 %
1,100 last month . The Average Sales Price in January was $ 848,932 ,
1,200 from $ 618,229 last month . January 2017 ASP was at a mid
1,000 down 5.5 % from $ 897,974 in January of 2016 and up 37.3 %
1,100 range compared to January of 2016 and 2015 .
900 from $ 618,229 last month . January 2017 ASP was at a mid
1,000
800 range compared to January of 2016 and 2015 .
900
700
800
600
700
500
600
400
500
400
300
300
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 3,373 of , up Properties 2.8 % from available 3,281 last for sale month as of and up
January
10.8 % from was 3,373 3,045 , up in 2.8 January % from of 3,281 last year last month . January and 2017 up
10.8
Inventory % from was 3,045 at in its January highest of level last compared year . January with 2017 January of
Inventory
2016 and was 2015 at . its highest level compared with January of
2016 and 2015 .
4,000
4,0003,500
3,5003,000
3,0002,500
2,5002,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
2,000
1,500
A comparatively lower MSI is more beneficial for sellers while
1,500 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2017 sellers MSI while of a 25.9
1,000 higher MSI is better for buyers . The January 2017 MSI of 25.9
1,000 months was at its highest level compared with January of 2016
500 months was at its highest level compared with January of 2016
500 and 2015 .
0 and 2015 .
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
15.0
10.0
5.0
0.0
J A S O N D J
17
10.0
5.0
0.0
185 267 290 278 262 214 193 224 229 180 222 208 174 241 288 250 242 226 187 213 196 159 192 149 202 211 214 193 209 157 156 166 135 136 157 130
2,548 2,595 2,645 2,624 2,594 2,583 2,644 2,565 2,605 2,648 2,506 2,637 2,663 2,705 2,650 2,544 2,507 2,539 2,502 2,532 2,687 2,802 2,861
F
14
185 267 290 278 262 214 193 224 229 180
J A S O N D J 15
222
Number of Properties Sold
2,548 2,595 2,645 2,624 2,594 2,583 2,644 2,565 2,605 2,648 2,506 2,637 2,663 2,705 2,650 2,544 2,507 2,539 2,502 2,532 2,687
208 174 241 288 250 242 226 187 213 3,045 3,189
J A S O N D J 16
196
2,802 159 192 149 202 211 214 193 209 157
3,196 2,861 3,243 3,181 3,137 3,135 3,096 3,131 3,202 3,346 3,281 3,373
3 Mo Avg
156
J A S O N D J
17
166 135 136
3,045 3,189 3,196 3,243 3,181 3,137 3,135 3,096 3,131 3,202 3,346 3,281 3,373
3 Mo Avg
157
130
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
116 | 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 .