FL ARCHIVED March 2017 | Page 102

Market Action Report
March 2017
Miami-Dade
County
Market Action Report
County: Miami-Dade
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
County: Miami-Dade Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$459,900
2%
11%
Other
$1,066,295 Trending
3% versus*: 8%
Month
LM 4%
L3M 3%
PYM 14%
LY
$285,000
$459,900
2% 3% 11%
11% 14%
$484,652
$1,066,295
3% -2%
8% -2%
20,153
$285,00 0 2,203
4% 29%
3% 14% -7%
8%
$484,652 3%
11%
14%
15%
92 -1% 0% 11%
20,153 -2%
-2%
$373 2% 1% 6%
2,203 29%
-7%
$256 3% 4% 6%
92 -1% 0% 11% 10%
9.1 -24% -19% 5%
$373 2% 1% 6% 6%
92.9% .2% -.4% -1.1%
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
March
Sales
Price
March Median
Number
of Properties
Sold
March Average Sales Price
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
$256 3% 4% 6%
9.1 -24% -19% 5%
92.9% .2% -.4% -1.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
March Month's Supply of Inventory
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
3,000
March Property sales were 2,203, down 7.0% from 2,368 in
March of 2016 and 29.1% higher than the 1,707 sales last month. 2,500
Property
Sales
March 2017
sales were at their lowest level compared to March 3,000
March
Property
sales March
were 2,203,
down of
7.0%
from
in 7.8%
of 2016
and 2015.
YTD sales
5,527
are 2,368
running
2,000
March
of last
2016 year's
and 29.1%
higher than
behind
year-to-date
sales the
of 1,707
5,997. sales last month. 2,500
March 2017 sales were at their lowest level compared to March
of 2016 and 2015. March YTD sales of 5,527 are running 7.8%
behind last year's year-to-date sales of 5,997.
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
Prior YTD 12%
Prior Year 6%
8% YTD
$280,000
15%
$459,984
9%
9%
$280,000 5,527
12%
$459,984
9%
10%
94
-8% 6%
11% 9%
3%
4%
12%
10%
6%
-1%
6%
$371
5,527
-8%
7%
$251
94
11%
-5%
11.3
$371
3%
-1.2%
92.9%
12%
6%
5%
17%
-1%
7%
$251
4%
5%
-5%
11.3
10%
17%
Number of 92.9%
Properties
-1.2%
-1% Sold -1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
1,500
2,000
1,000
2,744
2,635
1,964
2,435
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
15
16
17
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
Prices
14
The Median Sales Price in March was $285,000, up 14.0% from
500
Prices
$250,000 in March of 2016 and up 3.6% from $275,000 last
The
Median
Sales
Price Sales
in March
was
14.0% from
month.
The
Average
Price
in $285,000,
March was up
$484,652,
up
500 450
$250,000
in March
of 2016
and up
last
13.7% from
$426,415
in March
of 3.6%
2016 from
and $275,000
up 3.3% from
month.
The last
Average
Sales March
Price in
March
up level 450 400
$469,068
month.
2017
ASP was
was $484,652,
at the highest
13.7%
from $426,415
of 2016
and up 3.3% from
compared
to March in
of March
2016 and
2015.
$469,068 last month. March 2017 ASP was at the highest level
400 350
compared to March of 2016 and 2015.
0
500
1,000 500
1,500
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
350 300
300 250
250 200
Inventory & MSI
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
17
15 A M J J A S O N D J F M 16
A M 14 J J A S O N D J F M
A M J J A S O N D J F M
14
15
16
17
20,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
14.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
22,000
was Total
20,153,
down of
2.1%
from 20,592
last for
month
and
The
Inventory
Properties
available
sale as
of down
March 1.9%
from
20,544
in March
of last
year. last
March
2017
at 21,000
was
20,153,
down
2.1% from
20,592
month
and Inventory
down 1.9% was 22,000
from
20,544
March of with
last year.
March
2017
Inventory
a mid
level in
compared
March
of 2016
and
2015. was at 21,000
20,000
a mid level compared with March of 2016 and 2015.
19,000
19,000
A comparatively lower MSI is more beneficial for sellers while a 18,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 18,000
MSI is better
for buyers.
March for
2017
MSI
of 9.1
17,000
higher
MSI
is better
for buyers.
March 2017
of 9.1
months
was
at its highest
level The
compared
with MSI
March
of 2016 17,000
months
was
at
its
highest
level
compared
with
March
of
2016
16,000
and 2015.
16,000
and 2015.
10.0
10.0
8.0
6.0
4.0
2.0
0.0
15
16
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
.
12.0
12.0
8.0
6.0
4.0
2.0
0.0
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 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
15
16
17
14
102 | c
14.0
200
17
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
Data
is is
provided
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.