FL ARCHIVED March 2017 | Page 106

Market Action Report
March 2017
Coconut
Grove
Market Action Report
City: Coconut Grove
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: Coconut Grove Community Information | School District
Trending versus*:
L3M PYM
LY
17%
82%
$2,713,732 Trending
2% versus*:
49%
Month
LM -60%
L3M -10%
PYM 21%
LY
$862,500
$2,150,000
17% -45% -13%
82% 11%
$1,145,875
$2,713,732 133
2% -2% 49% -20%
$862,500 -60% -10% 21% 8%
8 0%
-27%
$1,145,875 -45% -13% 11% 6%
110 -40% -31% 25%
133 -2%
-20%
$571 -31% -14% 14%
8 0%
-27%
$489 -4% 10% -0%
110 -40% -31% 25% -11%
$571 16.6
-31% -2%
-14% -12%
14% 10%
0%
91.3%
7.0%
3.2%
$489 -4% 10% -0% 1.6%
14%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Prices
3 Mo Avg
14
Median Sales Price and 16 Average Sales Price
15
Median Sales Price and Average Sales Price
15
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 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
The Median Sales Price in March was $862,500, up 21.5% from
2,200
Prices
$710,000 in March of 2016 and down 60.1% from $2,162,500
The
Median
Sales
Price
in
March
was
$862,500,
up
21.5%
from
last month. The Average Sales Price in March was $1,145,875, 2,200 2,000
$710,000
March
of 2016 and
down 60.1%
from
1,800
up 11.3% in from
$1,029,955
in March
of 2016
and $2,162,500
down 44.5%
2,000
last
month.
The Average
Sales Price
in March
was $1,145,875,
from
$2,064,875
last month.
March
2017 ASP
was at a mid
1,600
1,800
up
11.3% compared
from $1,029,955
in of
March
2016
and down 44.5%
range
to March
2016 of and
2015.
1,400
from $2,064,875 last month. March 2017 ASP was at a mid
range compared to March of 2016 and 2015.
0
5 5
10 10
15 15
were at their lowest level compared to March of 2016 and 2015.
March YTD sales of 22 are running 33.3% behind last year's year-
20
to-date sales of 33.
Number of Properties Sold
30
March Property sales were 8, down 27.3% from 11 in March of
2016 and the same as the 8 sales last month. March 2017 sales
25
Property
Sales
30
were at their
lowest level compared to March of 2016 and 2015.
March
sales
8, running
down 27.3%
from
11 in March
of year-
March Property
YTD sales
of were
22 are
33.3%
behind
last year's
20
2016
and sales
the same
to-date
of 33. as the 8 sales last month. March 2017 sales 25
3 Mo Avg
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
March Sale Price vs List Price Ratio
0
33%
15%
9%
37%
1%
16.6 -2% -12% 10% 20%
19.0
6%
37%
Number of 88.9%
Properties
91.3% 7.0% 3.2% 1.6% 4.1%
-2% Sold 1%
March Month's Supply of Inventory
March Sold
Sale Price
Price per
vs Square
List Price
March
Foot Ratio
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Number of Properties Sold
41%
-33%
34%
-11%
165 104%
0%
$656
24%
22 -33%
14%
$465
-4%
165 104%
33%
20% $656 19.0
24% 6% 15%
4.1% $465 88.9%
-4% -2% 9%
Asking Price per Square Foot (based on New Listings)
41%
34%
15%
-4%
22
15%
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$1,127,500
$1,443,915
March Number of Properties Sold
March Average Sales Price
Total Properties Currently for Sale (Inventory)
March Median Sales Price
$1,443,915
Average List Price of all Current Listings
Trending versus*:
YTD
Prior YTD -4%
Prior Year
$1,127,500
8%
6%
21
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
28
Average List Price of all Current Listings
Trending versus*:
Prior YTD Prior Year
YTD
LM
Phone
Month
Website
$2,150,000
Other
Market Profile & Trends Over view
Median
Price
all Current Listings
Price
Range: All List
| Properties:
SFH of
- Con
Price Range: All | Properties: SFH - Con
17
3 Mo Avg
3 Mo Avg
1,600
1,400 1,200
1,200 1,000
1,000 800
800 600
600 400
400
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while 100
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 16.6
higher MSI is better for buyers. The March 2017 MSI of 16.6
months was at its highest level compared with March of 2016 50
months was at its highest level compared with March of 2016
and 2015.
0
and 2015.
30.0
150
100
50
.
20.0
15.0
10.0
5.0
0
0.0
30.0
25.0
20.0
15.0
10.0
5.0
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
17
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
15
16
14 14
15
16
17
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
106 | c
25.0
150
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
The
of from
Properties
available
sale
as of 20.4%
March from 250
was Total
133, Inventory
down 2.2%
136 last
month for
and
down
250
was
down 2.2%
from
136 March
last month
down 20.4%
167 133,
in March
of last
year.
2017 and
Inventory
was at from
its
200
167
in March
last year. with
March
2017 of
Inventory
was
at its
lowest
level of
compared
March
2016 and
2015.
200
lowest level compared with March of 2016 and 2015.
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
A M 14
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 F M
14
15
16
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
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
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
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.