FL ARCHIVED March 2017 | Page 114
Market Action Report
Miami
City: Miami
Agent Name
Market Action Report
Title
Phone
Agent
Name
Website
Title Other
March 2017
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
$419,000
5%
12%
Other
$637,816 Trending
4% versus*:
13%
Month
LM 7%
L3M 5%
PYM 17%
LY
$295,000
$419,000
5% 8% 5%
12% 18%
$353,074
$637,816 7,814
4% -3% 13% -7%
$295,000 982
7% 22%
5% 17% -10%
10%
$353,074 8%
5%
18%
10%
84 1% 0% 8%
7,814 -3%
-7%
$294 -1% -1% 8%
982 22%
-10%
$212 2% 2% 8%
84 1% 0% 8% 8%
8.0 -21% -18% 4%
$294 -1% -1% 8% 5%
93.8% .4% -.2% -.7%
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 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
1,400
March Property sales were 982, down 10.3% from 1,095 in
March of 2016 and 22.1% higher than the 804 sales last month.
1,200
Property
Sales
March 2017
sales were at their lowest level compared to March 1,400
March
Property
sales March
were 982,
from
1,095
in 10.0%
1,000
of 2016
and 2015.
YTD down
sales 10.3%
of 2,514
are
running
March
of last
2016 year's
and 22.1%
higher than
sales last month.
1,200
behind
year-to-date
sales the
of 804
2,793.
800
March 2017 sales were at their lowest level compared to March
1,000
9%
5%
5%
18%
-1%
3 Mo Avg
3 Mo Avg
Prices
14
400
380
360
340
320
300
280
260
240
220
200
15
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
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
4,000
10.0
6,000
6,000
12.0
12.0
8,000
8.0
6.0
4,000
4.0
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 8.0
2,000
higher
MSI
is better
for buyers.
March 2017
of 8.0
months
was
at its highest
level The
compared
with MSI
March
of 2016 2,000
2.0
months
was at its highest level compared with March of 2016
0
and 2015.
0
0.0
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
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
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
.
16
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
12,000
was Total
7,814,
down 3.1%
from 8,061
last month
and
7.1%
The
Inventory
of Properties
available
for sale
as down
of March
from
8,413
in March
of last
year.
Inventory
was
7,814,
down
3.1% from
8,061
last March
month 2017
and down
7.1% was at 12,000
10,000
from
8,413 in
March
of last year.
Inventory
was at
its lowest
level
compared
with March 2017
of 2016
and 2015.
10,000
8,000
its lowest level compared with March of 2016 and 2015.
114 | c
982
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
A comparatively lower MSI is more beneficial for sellers while a
1,292
1,255
1,150
0
200
Inventory & MSI
5%
6%
-4%
-.9%
Number of Properties Sold
2 00
400
340
320
300
280
260
240
220
200
-10% 6%
8% 6%
$296
6%
2,514 -10%
$211
9%
85
8%
9%
9.7
7%
$296
6%
5%
93.7%
-1%
400
600
$325,469 last month. March 2017 ASP was at the highest level
compared to March of 2016 and 2015.
$285,000 2,514
15%
$339,553
12%
8%
85
600
800
The Median Sales Price in March was $295,000, up 17.1% from
Prices
$252,000 in March of 2016 and up 7.3% from $275,000 last
The
Median
Sales
Price Sales
in March
was
17.1% from
month.
The
Average
Price
in $295,000,
March was up
$353,074,
up
400
$252,000
in March
of 2016
and up
last
18.4% from
$298,115
in March
of 7.3%
2016 from
and $275,000
up 8.5% from
month.
The last
Average
Sales
Price 2017
in March
up level 380
$325,469
month.
March
ASP was
was $353,074,
at the highest
360
18.4%
from $298,115
of 2016
and up 8.5% from
compared
to March in
of March
2016 and
2015.
Trending versus*:
$212 2% 2% 8% 6%
$211
9%
5%
8.0 -21% -18% 4% -4%
9.7
7%
18%
of 93.7%
Properties
93.8% .4% -.2% -.7% Number
-.9%
-1% Sold -1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
of 2016 and 2015. March YTD sales of 2,514 are running 10.0%
behind last year's year-to-date sales of 2,793.
Trending versus*:
Prior YTD Prior Year
YTD
Prior YTD 15%
Prior Year 6%
10% YTD
$285,000
10%
$339,553
12%
6%
City: Miami
March 2017
10.0
8.0
6.0
4.0
2.0
0.0
Data
provided
courtesy
of
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
d Greater
w Fort
e l Fort
l Lauderdale
ban
k REALTORS,
erh
o REALTOR
m Association
e s Association
co
m of Martin
Data
is is
provided
courtesy
Lauderdale
REALTORS,
REALTOR
of Martin
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.