FL ARCHIVED March 2017 | Page 116

Market Action Report
City: Miami Beach
March 2017
Miami Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: Miami Beach 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
$585,000
0%
1%
Other
$1,804,518 Trending
0% versus*:
-4%
Month
LM 5%
L3M 7%
PYM 3%
LY
$375,000
$585,000
0% -38% -4%
1% -1%
$845,147
$1,804,518 3,442
0% -0% -4% 8%
$375,000 186
5% 31%
7% 3% -12%
1%
$845,147 146
-38% -9%
-4% 2%
-1% 35%
2%
3,442 -0%
8%
$724 -2% 0% -1%
186 31%
-12%
$561 -3% -1% -2%
146 -9% 2% 35% 19%
18.5 -24% -15% 22%
$724 -2% 0% -1% -1%
88.3% 1.4% -1.0% -2.9%
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
$561 -3% -1% -2%
18.5 -24% -15% 22%
88.3% 1.4% -1.0% -2.9%
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
350
March Property sales were 186, down 11.8% from 211 in March
of 2016 and 31.0% higher than the 142 sales last month. March 300
Property
2017 sales Sales
were at their lowest level compared to March of 2016
350
March
Property
sales
were
186, of
down
from 211
in March
250
and 2015.
March
YTD
sales
482 11.8%
are running
14.2%
behind
of last
2016
and year-to-date
31.0% higher sales
than the
142 sales last month. March 300
year's
of 562.
200
2017 sales were at their lowest level compared to March of 2016
-8% -14% -4%
482
19%
148
35% 18%
-1%
$727
-5%
482 -14%
1%
$567
2%
148
35%
20%
-2%
21.6
26%
$727
-5%
0%
-2.0%
88.4%
-3%
20%
0%
2%
15%
-2%
3 Mo Avg
3 Mo Avg
Prices
14
The Median Sales Price in March was $375,000, up 3.4% from
Prices
$362,500 in March of 2016 and up 4.5% from $358,750 last
1,300
The
Median
Sales
Price Sales
in March
was
3.4% from down
month.
The
Average
Price
in $375,000,
March was up $845,147,
$362,500
in $853,858
March of 2016
and up
$358,750
last from
1.0% from
in March
of 4.5%
2016 from
and down
37.6%
1,300
month.
The Average
Sales March
Price in 2017
March
was
$845,147,
down level 1,100
$1,354,022
last month.
ASP
was
at the lowest
1.0%
from
$853,858
in
March
of
2016
and
down
37.6%
from
compared to March of 2016 and 2015.
1,100 900
$1,354,022 last month. March 2017 ASP was at the lowest level
15
16
159
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
17
Median Sales Price and Average Sales Price
3 Mo Avg
900 700
500
300
Inventory & MSI
500
300
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
was Total
3,442,
down 0.1%
from 3,444
last month
and
7.6% from 4,000
The
Inventory
of Properties
available
for sale
as up
of March
3,200
in March
of last
year.
March
2017 Inventory
was from
at its 4,000 3,500
was
3,442,
down 0.1%
from
3,444
last month
and up 7.6%
3,500 3,000
3,200
in March
of last year.
March
2017
at its
highest
level compared
with
March
of Inventory
2016 and was
2015.
highest level compared with March of 2016 and 2015.
3,000 2,500
2,500 2,000
2,000 1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
1,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 18.5
1,000
higher
MSI
is better
for buyers.
March 2017
of 18.5
500
months
was
at its highest
level The
compared
with MSI
March
of 2016
500
months
was at its highest level compared with March of 2016
0
and 2015.
700
0
and 2015.
20.0
15.0
10.0
5.0
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
.
25.0
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
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
116 | c
242
0
50
50
100
compared to March of 2016 and 2015.
$355,000
$973,291
19%
100
150
-4%
18%
19%
150
200
250
$973,291
Number of Properties Sold
and 2015. March YTD sales of 482 are running 14.2% behind
last year's year-to-date sales of 562.
Trending versus*:
YTD
Prior YTD -8%
Prior Year
$355,000
1%
2%
1%
$567
2%
2%
-2%
21.6
26%
15%
Number of 88.4%
Properties
-2.0%
-3% Sold -2%
* 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
17
Data
provided
courtesy
of
Fort
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
el
l Lauderdale
ban
k REALTORS,
erh
o REALTOR
m Association
e s Asso ciation
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.