FL ARCHIVED April 2017 - Page 143

Melbourne Community Information | School District

Melbourne Community Information | School District

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 287,900
-0%
7 %
Average List Price of all Current Listings
$ 345,338
-2%
6 %
April Median Sales Price
$ 205,000
-2%
-4%
5 %
0 %
$ 214,450
13 %
5 %
April Average Sales Price
$ 233,741
-4%
-4%
4 %
-1%
$ 244,395
12 %
4 %
Total Properties Currently for Sale ( Inventory )
535
-0%
-16%
April Number of Properties Sold
212 -15%
-18%
820
-7%
April Average Days on Market ( Solds )
48
7 %
-6%
-6%
-2%
51
-4%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 140
2 %
1 %
8 %
8 %
$ 138
10 %
6 %
April Sold Price per Square Foot
$ 126
1 %
-1%
9 %
6 %
$ 127
12 %
7 %
April Month ' s Supply of Inventory
2.5
17 %
-3%
3 %
-7%
2.7
-12%
1 %
April Sale Price vs List Price Ratio
95.8 %
. 9 %
. 7 %
. 7 %
. 7 %
95.1 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales April Property sales were 212 , down 18.5 % from 260 in April of 2016 and 15.2 % lower than the 250 sales last month . April 2017 sales were at their lowest level compared to April of 2016 and 2015 . April YTD sales of 820 are running 6.6 % behind last year ' s year-to-date sales of 878 .
350 300 250 200
Number of Properties Sold
3 Mo Avg
150 100
Prices The Median Sales Price in April was $ 205,000 , up 5.1 % from $ 195,000 in April of 2016 and down 2.4 % from $ 210,000 last month . The Average Sales Price in April was $ 233,741 , up 4.2 % from $ 224,294 in April of 2016 and down 4.2 % from $ 244,087 last month . April 2017 ASP was at the highest level compared to April of 2016 and 2015 .
50
243 219 237 261 218 225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 284 237 253 209 199 231 182 176 250 212
0
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
14
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
300 280 260 240 220 200 180 160 140 120 100
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
14
15
16
17
Inventory & MSI The Total Inventory of Properties available for sale as of April was 535 , down 0.4 % from 537 last month and down 15.9 % from 636 in April of last year . April 2017 Inventory was at its lowest level compared with April of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2017 MSI of 2.5 months was at a mid level compared with April of 2016 and 2015 .
900 800 700 600 500 400 300 200 100
0
774 763 759 704 671
Total Inventory & Month ' s Supply of Inventory ( MSI )
688
681 631 642 648 664 660 663 665 643 622 624 659
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
14
15
16
17
676 667 685 669 633 636 592 653 637 606 582 610 624 593 579 545
537 535
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
c o l d w e l l b a n k e r h o m e s . c o m | 143
Market Action Report City: Melbourne Melbourne Agent Name Title Phone Agent Name Website Title Other Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $287,900 -0% 7% Other $345,338 Trending -2% versus*: 6% Month LM -2% L3M -4% PYM 5% LY $205,000 $287,900 -0% 7% $233,741 -4% -4% 4% $345,338 535 -2% -0% 6% -16% $205,000 212 -2% -15% -4% 5% -18% 0% $233,741 -4% -4% 4% -1% 48 7% -6% -6% 535 -0% -16% $140 2% 1% 8% 212 -15% -18% $126 1% -1% 9% 48 7% -6% -6% -2% 2.5 17% -3% 3% $140 2% 1% 8% 8% 95.8% .9% .7% .7% $126 1% -1% 2.5 17% -3% 95.8% .9% .7% April Month's Supply of Inventory April 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 April Property sales were 212, down 18.5% from 260 in April of 2016 and 15.2% lower than the 250 sales last month. April 2017 300 Property sales were Sales at their lowest level compared to April of 2016 and 350 April Property sales sales were of 212, down from 260 behind in April of 250 2015. April YTD 820 are 18.5% running 6.6% last 2016 and 15.2% lower sales than of the 878. 250 sales last month. April 2017 300 year's year-to-date 200 sales were at their lowest level compared to April of 2016 and 3 Mo Avg 247 279 174 207 16 17 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of April 900 was Total 535, Inventory down 0.4% from 537 last month The of Properties available for and sale down as of 15.9% April from 636 535, in April last from year. 537 April Inventory was at its lowest 900 800 was down of 0.4% last 2017 month and down 15.9% from 800 700 636 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 700 600 level compared with April of 2016 and 2015. 600 500 500 400 A comparatively lower MSI is more beneficial for sellers while 400 a 300 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 2.5 a 300 200 higher MSI is better for level buyers. 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