FL ARCHIVED April 2017 | Page 115

Market Action Report
April 2017
MERRITT
ISLAND
City: Merritt Island
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$1,998,000
31%
Other 6%
Community Information | School District
City: Merritt Island
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
YTD
Trending versus*:
Prior YTD Prior Year
$2,922,316 -1% Trending versus*:
16%
Trending versus*:
$1,190,000
0% PYM -18%
$1,190,000
-18%
-18%
Month -57%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$1,190,000 -57%
-5%
-2%
$1,998,000
6% -15% 31% -17% $1,401,258
Total Properties
for Sale
(Inventory)
23 -1%
10%
53%
Average
List Price Currently
of all Current
Listings
$2,922,316
16%
April Median
Number Sales
of Properties
Sold
100% 0%
April
Price
$1,190,000 2 -57%
-18% $1,190,000 7 133%
-18%
-18%
April Average
Average Sales
Days Price
on Market (Solds)
283 -57%
14050% -15%
146%
626%
115
20%
195%
April
$1,190,000
-17% $1,401,258
-5%
-2%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$374
4% -9% 53%
1% -13%
$409
21%
-5%
Total
Properties
for Sale
(Inventory)
23 10%
April Number
Sold Price
per Square Sold
Foot
$237 2 100%
-47% -44%
-45%
$423 7 133%
34%
-1%
April
of Properties
April Average
Month's Days
Supply
Inventory
11.5
-45% 146%
-16% 0% 626%
-12%
12.4
13%
-5%
April
on of
Market
(Solds)
283 14050%
115
20%
195%
April Sale
Price
List Price
95.2%
1.7%
97.6%
4%
4%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$374 -4.8%
4% -2.4%
-9% 1% -13%
$409
21%
-5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$237 -47% -44%
-45%
$423
34%
-1%
Number
April Month's Supply of Inventory
11.5 -45% -16% 0%
-12% of Properties
12.4 Sold
13%
-5%
Property
Sales
April
Sale Price
vs List Price Ratio
95.2% -4.8% -2.4%
1.7%
97.6%
4%
4%
4
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 2,
up from
0 Prior
in April
of 2016
and
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Month
Year / LY=Last
Year
(2016) / YTD = Year-to-date
1
Total Inventory & Month's Supply of Inventory (MSI)
1,000
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
25.0
14
15
16
17
20
25
Total Inventory & Month's Supply of Inventory (MSI)
20.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
10.0
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
15
The Total Inventory of Properties available for sale as of April
25
was 23, up 9.5% from 21 last month and up 53.3% from 15 in
10
April of last year. April 2017 Inventory was at its highest level
A comparatively lower MSI is more beneficial for sellers while a 20
compared with April of 2016 and 2015.
higher MSI is better for buyers. The April 2017 MSI of 11.5
5
months was at its highest level compared with April of 2016 and 15
0
2015.
10
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The April 2017 MSI of 11.5
5
months was at its highest level compared with April of 2016 and
0
2015.
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
1,200
Inventory & MSI
3 Mo Avg
1,400
The Total Inventory of Properties available for sale as of April
was 23, up 9.5% from 21 last month and up 53.3% from 15 in
April of last year. April 2017 Inventory was at its highest level
compared with April of 2016 and 2015.
Median Sales Price and Average Sales Price
3 Mo Avg
0
2,800
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
-1
2,600
14
15
16
17
2,400
Median Sales Price and Average Sales Price
2,200
2,800
2,000
The Average Sales Price in April was $1,190,000, up from $0 in 2,600
1,800
2,400
April of 2016 and down 56.8% from $2,753,808 last month.
1,600
April 2017 ASP was at the lowest level compared to April of 2016 2,200
1,400
and 2015.
2,000
1,200
1,800
1,000
1,600
Inventory & MSI
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
Prices
The Median Sales Price in April was $1,190,000, up from $0 in
April of 2016 and down 56.8% from $2,753,808 last month.
The Average Sales Price in April was $1,190,000, up from $0 in
April of 2016 and down 56.8% from $2,753,808 last month.
Prices
April
2017 ASP
at the
lowest
level
compared up
to April
The
Median
Sales was
Price
in April
was
$1,190,000,
from of
$0 2016
in
and 2015.
April
of 2016 and down 56.8% from $2,753,808 last month.
-1
1
0
1
1
2
Number of Properties Sold
100.0% higher than the 1 sales last month. April 2017 sales were 3
at a mid level compared to April of 2016 and 2015. April YTD
3
sales of 7 are
running 133.3% ahead of last year's year-to-date
Property
Sales
4
sales Property
of 3.
April
sales were 2, up from 0 in April of 2016 and
2
100.0% higher than the 1 sales last month. April 2017 sales were 3
at a mid leve l compared to April of 2016 and 2015. April YTD
2
3
sales of 7 are running 133.3% ahead of last year's year-to-date
sales of 3.
1
2
5.0
0.0
M J J A S O N D J F M A M J J A S O N D J F M A
15 My Florida Regional MLS, Naples Area Board of 16
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, 14
Miami Association of REALTORS,
REALTORS, REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
M J J and A Up S | Property
O N Types:
D J SFH
F M
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
- Con A
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury SM | 115
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REA
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.