FL ARCHIVED April 2018 | Page 22

Community Information | School District City: Belleair 80 54 50 April Average Sales Price Total Properties Currently for Sale (Inventory) April Median Sales Price April Number of Properties Sold 30 April Average Sales Price April Average Days on Market (Solds) 20 Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) 10 April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) 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 15 16 17 18 April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 96% 94.8% 95% 94.8% 94.4% 95% 94% 93% Prices The Median Sales Price in April was $370,000, up 47.3% from Prices $251,250 in April of 2017 and down 17.4% from $448,000 last The Median Sales Price Sales in April was in $370,000, 47.3% from month. The Average Price April was up $458,850, up 900 $251,250 in April of 2017 in and down 17.4% and from $448,000 last 39.0% from $330,109 April of 2017 down 6.5% from 800 month. The Average Sales Price in April was $458,850, up $490,653 last month. April 2018 ASP was at the highest level 700 39.0% from $330,109 in April of 2017 and down 6.5% from compared to April of 2017 and 2016. $490,653 last month. April 2018 ASP was at the highest level compared to April of 2017 and 2016. 93% 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 15 16 17 18 0 0 5 3 Mo Avg Selling Price versus Listing Price Ratio 5 10 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 15 16 17 18 10 15 15 20 Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg 20 sales were at their lowest level compared to April of 2017 and 2016. April YTD sales of 59 are running 7.3% ahead of last year's year-to-date sales of 55. 3 Mo Avg Number of Properties Sold 25 150 94% 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 15 16 Median Sales Price and 17 Average Sales Price 18 3 Mo Avg 900 Median Sales Price and Average Sales Price 800 3 Mo Avg 700 600 600 500 500 400 400 300 92% 300 200 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 15 16 17 18 200 100 Inventory / New Listings / Sales 100 0 3,000 2,000 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 16 A M J J A S O N D J F M 17 M J 15 J A S O N D J F M A M J J A S O N D J F M A 18 15 16 17 18 Total Inventory & Month's Supply of Inventory (MSI) 60 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 15 16 17 18 Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI of Properties available for sale as of April The Total Inventory 120 The Inventory of Properties available as of April was Total 80, up 6.7% from 75 last month and for up sale 19.4% from 67 in was 80, of up last 6.7% from 75 last month and up was 19.4% from 67 in level 120 April year. April 2018 Inventory at its highest 100 April of last year. April of 2018 Inventory was at its highest level compared with April 2017 and 2016. 100 compared with April of 2017 and 2016. 80 80 1,000 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con 0 Inventory & MSI 4,000 5,000 6,000 7,000 A comparatively lower MSI is more beneficial for sellers while a 40 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2018 MSI of 5.7 higher MSI is better for buyers. The April 2018 MSI of 5.7 months was at its highest level compared with April of 2017 and 20 months was at its highest level compared with April of 2017 and 2016. 0 2016. 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2018 was 2,400, down 7.6% from 2,596 last month and down 0.9% from 2,423 in April of last year. 30 April Property sales were 14, down 30.0% from 20 in April of 2017 and 12.5% lower than the 16 sales last month. April 2018 Property sales were Sales at their lowest level compared to Apr il of 2017 and 30 April Property sales were 14, down 30.0% from 20 in April of 2016. April YTD sales of 59 are running 7.3% ahead of last 2017 and 12.5% lower than the 16 sales last month. April 2018 25 year's year-to-date sales of 55. 171 96% 5.7 22% 19% 71% -15% 5.0 -12% -25% Number of 90.5% Properties 88.7% -2.7% -2.0% -5.2% -5.3% -4% Sold -3% April Month's Supply of Inventory 186 Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2018 Selling Price vs Original List Price of 94.8% was up from 94.6% last month and equal to 94.8% in April of last year. April Sold Sale Price Price per vs Square List Price April Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 3 Mo Avg 200 190 180 170 160 150 140 130 120 110 100 April Month's Inventory Asking Price per Supply Square of Foot (based on New Listings) Selling Price per Square Foot Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2018 Selling Price per Square Foot of $186 was up 3.7% from $180 last month and up 9.1% from 171 in April of last year. Market Profile & Trends April Median Sales Price Overview Median List Price of all Current Listings Average List Price of all Current Listings 40 Trending versus*: Prior YTD Prior Year YTD Trending versus*: $1,251,480 Trending -4% versus*: -3% Month LM -17% L3M -5% PYM 47% LY 16% YTD Prior YTD 44% Prior Year 22% $370,000 $390,000 $649,000 -13% -13% $458,850 -6% -17% 39% 1% $550,216 66% 21% $1,251,480 -4% -3% 80 7% 19% $370,000 -17% -5% 47% 16% $390,000 44% 22% 14 -13% -30% 59 7% $458,850 -6% -17% 39% 1% $550,216 66% 21% 72 -46% -35% 29% -15% 111 66% 31% 80 7% 19% $211 -11% -14% 11% 1% $246 24% 18% 14 -13% -30% 59 7% $198 -3% -4% 17% 4% $206 19% 8% 72 -46% -35% 29% -15% 111 66% 31% 5.7 22% 19% 71% -15% 5.0 -12% -25% $211 -11% -14% 11% 1% $246 24% 18% -3% $198 88.7% -3% -2.7% -4% -2.0% 17% -5.2% 4% -5.3% $206 90.5% 19% -4% 8% Average List Price of all Current Listings 61 61 60 70 Phone Trending versus*: Website Month LM L3M PYM LY Other $649,000 -13% -13% Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 54, down 5.3% from 57 days last month and down 11.5% from 61 days in April of last year. The April 2018 DOM was at its lowest level compared with April of 2017 and 2016. 3 Mo Avg Market Time Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties April 2018 Title Phone Agent Name Website Title Other Price Range: All | Properties: SFH - Con Agent Name Market Action Report Title Phone Website Other April 2018 Belleair City: Belleair Agent Name Pinellas County Market Action Report County: Pinellas April 2018 Market Action Report 60 40 20 0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 A Area J O A N S D of O REALTORS, D A J Pensacola F M F all M relevant A real estate 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 REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Board Emerald of J REALTORS M Association, J M J A J Navarre S J O N S D O J N of F D REALTORS, M J A F M M J A J M Coast A J S Association J N F M M J Association J A A M S J O N A D S J O and F N may M D not A J reflect 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. 22 | c o l d w e l l b a n k e r h o m e s . c o m 15 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 16 17 17 18 c o l dw el l b a n k er h o m es . c o m 18 | 23 Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso Data is is provided courtesy of Greater Fort Fort Lauderdale REALTORS, REALTOR Association 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 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. 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.