FL ARCHIVED April 2017 - Page 71

Collier County 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 $499,000 1% 0% Average List Price of all Current Listings $1,024,215 1% 1% April Median Sales Price $385,000 3% 4% 10% 12% $369,000 5% 7% April Average Sales Price $669,132 1% 4% 5% 15% $641,196 3% 10% Total Properties Currently for Sale (Inventory) 6,593 -6% 3% April Number of Properties Sold 905 -7% -7% 3,217 6% April Average Days on Market (Solds) 108 3% 0% 26% 14% 108 23% 14% Asking Price per Square Foot (based on New Listings) $297 -3% -2% 3% -1% $303 0% 1% April Sold Price per Square Foot $290 1% 3% 2% 11% $282 3% 8% April Month's Supply of Inventory 7.3 1% -12% 11% -15% 8.9 4% 4% April Sale Price vs List Price Ratio 92.2% -.2% -.4% -1.5% -1.0% 92.6% -2% -1% * 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 905, down 7.2% from 975 in April of 2016 and 7.2% lower than the 975 sales last month. April 2017 sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 3,217 are running 6.2% ahead of last year's year-to-date sales of 3,028. 1,400 1,200 1,000 800 Number of Properties Sold 3 Mo Avg 600 400 Prices The Median Sales Price in April was $385,000, up 10.0% from $350,000 in April of 2016 and up 2.7% from $375,000 last month. The Average Sales Price in April was $669,132, up 4.8% from $638,264 in April of 2016 and up 1.3% from $660,388 last month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. 200 700 650 600 550 500 450 400 350 300 250 1,162 958 759 768 712 793 646 860 657 707 1,071 1,212 1,048 985 784 757 773 687 616 772 622 580 851 975 889 907 686 703 644 602 596 717 644 693 975 905 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 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 6,593, down 6.1% from 7,020 last month and up 3.2% from 6,391 in April of last year. April 2017 Inventory was at its highest 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 7.3 months was at its highest level compared with April of 2016 and 2015. 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Total Inventory & Month's Supply of Inventory (MSI) 5,044 4,845 4,619 4,551 4,517 4,808 4,944 5,089 5,405 5,439 5,314 5,072 4,789 4,584 4,399 4,290 4,270 4,556 4,909 5,108 5,836 6,308 6,413 6,391 6,149 5,930 5,641 5,554 5,713 6,005 6,388 6,495 6,986 7,141 7,020 6,593 M J 14 J A S O N D J F M A M J 15 J A S O N D J F M A M J 16 J A S O N D J F M A 17 12.0 10.0 8.0 6.0 4.0 2.0 0.0 c o l d w e l l b a n k e r h o m e s.c o m | 71