FL ARCHIVED March 2017 | Page 108

Market Action Report
City: Coral Gables
March 2017
Coral Gables
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: Coral Gables 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
$949,000
2%
3%
Other
$1,893,793 Trending
5% versus*:
-0%
Month
LM -15%
L3M -3%
PYM 6%
LY
$646,875
$949,000
2% 34% 27%
3% 21%
$1,352,577
$1,893,793 609
5% 3%
-0% 3%
$646,875 -15%
-3%
-3%
70 15% 6% -14%
$1,352,577 34%
27%
21%
24%
71 -41% -24% -21%
609 3%
3%
$481 3% 7% 7%
70 15%
-14%
$382 2% 3% 0%
71 -41% -24% -21% -23%
8.7 -10% -15% 19%
$481 3% 7% 7% 11%
93.8% 4.8% 2.4% 2.5%
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
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
14
47
17
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
400
300
A comparatively lower MSI is more beneficial for sellers while 300
a 200
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 200
MSI is better
for buyers.
March for
2017
MSI
of 8.7
higher
MSI
is better
for buyers.
March 2017
of 8.7
months
was
at its highest
level The
compared
with MSI
March
of 2016 100 100
months
was at its highest level compared with March of 2016
0
and 2015.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
16.0
14.0
12.0
10.0
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
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
14
15
16
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
108 | c
93
16
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
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
was Total
609, Inventory
up 3.0% of
from
591 last available
month and
up 2.9%
592 in 700
The
Properties
for sale
as of from
March
March
year.
March
2017
Inventory
its highest
was
609, of
up last
3.0%
from
591 last
month
and up was
2.9% at from
592 in 700 600
March
of last year. with
March
2017 of Inventory
at its highest
level compared
March
2016 and was
2015.
600 500
0
15
Median Sales Price and Average Sales Price
500
Prices
The Median Sales Price in March was $646,875, up 6.0% from
1,500
Prices
$610,000 in March of 2016 and down 15.4% from $765,000
1,400
The
in March
$646,875,
6.0%
from
last Median
month. Sales
The Price
Average
Sales was
Price
in March up was
$1,352,577,
1,500
$610,000
March
of 2016 and
down 15.4%
from
$765,000
up 20.9% in from
$1,118,359
in March
of 2016
and
up 33.9% from 1,300
1,400
last
month. The
Price
in ASP
March
was
$1,010,211
last Average
month. Sales
March
2017
was
at $1,352,577,
the highest level 1,200
1,300 1,100
up
20.9%
from
$1,118,359
in
March
of
2016
and
up
33.9%
from
compared to March of 2016 and 2015.
$1,010,211 last month. March 2017 ASP was at the highest level 1,200 1,000
1,100
compared to March of 2016 and 2015.
900
1,000
800
900
700
800
600
700
600 500
and 2015.
3 Mo Avg
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 M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
400
0
10
20 20
30 30
40 40
50 50
70 60 60
500
3 Mo Avg
70
10
level compared with March of 2016 and 2015.
4%
6%
-2%
11%
-1%
80
80
Inventory & MSI
-1% -6% 2%
179
0% -14% 6%
96
11%
$459
3%
179
-6%
0%
$375
-1%
96 -14%
4%
-5%
10.2
12%
$459
3%
6%
1.8%
91.6%
1%
Number of Properties Sold
90
2017 sales were at a mid level compared to March of 2016 and
2015. March YTD sales of 179 are running 6.3% behind last
year's year-to-date sales of 191.
$675,000
$1,149,380
-23%
100
March Property sales were 70, down 13.6% from 81 in March of
2016 and 14.8% higher than the 61 sales last month. March
Property
2017 sales Sales
were at a mid level compared to March of 2016 and 100
March
sales sales
were of
70, 179
down
from
81 in
March last
of
2015. Property
March YTD
are 13.6%
running
6.3%
behind
90
2016
and
14.8% higher
than of the
61 sales last month. March
year's
year-to-date
sales
191.
Trending versus*:
Prior YTD -1%
Prior Year 2%
-3% YTD
$675,000
24% $1,149,380
0%
6%
$382 2% 3% 0% 0%
$375
-1%
-2%
8.7 -10% -15% 19% -5%
10.2
12%
11%
Number of 91.6%
Properties
93.8% 4.8% 2.4% 2.5% 1.8%
1% Sold -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
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
.
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.