FL ARCHIVED December 2017 | Page 104

Market Action Report
December 2017
City: Wellington
WELLINGTON
Market Action Report
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 2%
$2,595,000
2%
City: Wellington
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
$4,539,600
Month
$1,750,000
$2,595,000
$2,908,571
Average
List Price Currently
of all Current
Listings
$4,539,600
Total Properties
for Sale
(Inventory)
215
December
Price
$1,750,000 7
December Median
Number Sales
of Properties
Sold
December
$2,908,571
December Average
Average Sales
Days Price
on Market (Solds)
103
Total
Properties
for Sale
(Inventory)
215
Asking
Price per Currently
Square Foot
(based
on New Listings)
$676
December
of Properties
December Number
Sold Price
per Square Sold
Foot
$658 7
December
Average
Days
on
Market
(Solds)
103
December Month's Supply of Inventory
30.7
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$676
December Sale Price vs List Price Ratio
88.7%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$658
December Month's Supply of Inventory
30.7
December
Sale
Price
vs
List
Price
Ratio
88.7%
Property Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
-0% Trending versus*:
2%
LM L3M
PYM -17%
LY
YTD
Prior
YTD Prior
Year
54%
25% -51%
$1,750,389
-17%
-17%
2%
2%
13% -9% -18% -18% $3,069,787
-11%
-13%
-0%
2%
2%
23%
54%
-17%
-17%
75% 25% -51%
600% -17% $1,750,389
64 -28%
13% -38%
-9% -18%
-11%
-13%
-57%
-64% -18%
-55% $3,069,787
179 -21%
-21%
2% -36% -45%
23% -16%
-61%
$972
23%
21%
75%
64 -11%
-28%
1% 15% 600%
-56% -21%
$695
-17%
-57%
179 -21%
-21%
-42% -38%
-22% -64%
-82% -55%
-18%
54.0
44%
44%
-61%
-36%
-45%
-16%
$972
23%
21%
9.8% 7.4% -12.6% -.0%
85.1%
-4%
-4%
1% 15% -56% -21%
$695
-11%
-17%
-42% -22% -82%
-18% of Properties
54.0 Sold
44%
44%
Number
9.8% 7.4% -12.6% -.0%
85.1%
-4%
-4%
3 Mo Avg
5,000
6
15
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
4,000
6,000
3,000
5,000
2,000
4,000
2,000
Inventory & MSI
Median Sales Price and Average Sales Price
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
16
17
6,000 15
1,000
3,000
The Total Inventory of Properties available for sale as of
December was 215, up 1.9% from 211 last month and up 22.9%
from 175 in December of last year. December 2017 Inventory
Inventory
& MSI
was at its highest
level compared with December of 2016 and
2015.
The
Total Inventory of Properties available for sale as of
December was 215, up 1.9% from 211 last month and up 22.9%
from 175 in December of last year. December 2017 Inventory
A comparatively
lower compared
MSI is more
beneficial
for of sellers
was
at its highest level
with
December
2016 while
and a
higher MSI is better for buyers. The December 2017 MSI of
2015.
30.7 months was at a mid level comp ared with December of
2016 and 2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The December 2017 MSI of
30.7 months was at a mid level compared with December of
2016 and 2015.
0
1,000
250
200
150
250
100
200
50
150
0
100
50
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
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
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
15
16
17
200.0
Total Inventory & Month's Supply of Inventory (MSI)
Prices
The Median Sales Price in December was $1,750,000, down
50.7% from $3,550,000 in December of 2016 and up 53.8%
from $1,137,500 last month. The Average Sales Price in
Prices
December was $2,908,571, down 18.1% from $3,550,000 in
The
Median of Sales
$1,750,000,
December
2016 Price
and in
up December
12.7% from was
$2,581,250
last down
month.
50.7%
from 2017
$3,550,000
2016 compared
and up 53.8%
December
ASP was in at December
the lowest of level
to
from
$1,137,500
last and
month.
December
of 2016
2015. The Average Sales Price in
December was $2,908,571, down 18.1% from $3,550,000 in
December of 2016 and up 12.7% from $2,581,250 last month.
December 2017 ASP was at the lowest level compared to
December of 2016 and 2015.
16
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 7, up 600.0% from 1 in December
14
of 2016 and 75.0% higher than the 4 sales last month.
3 Mo Avg
Number of Properties Sold
December 2017 sales were at a mid level compared to December 12
Property
of 2016 and Sales
2015. December YTD sales of 64 are running 28.1% 16
December
Property
sales were 7, sales
up 600.0%
behind last
year's year-to-date
of 89. from 1 in December 10
14
of 2016 and 75.0% higher than the 4 sales last month.
December 2017 sales were at a mid level compared to December 12 8
of 2016 and 2015. December YTD sales of 64 are running 28.1%
6
10
behind last year's year-to-date sales of 89.
4
8
2
6
0
4
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
16
17
2 15
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
15
16
17
0
150.0
200.0
100.0
150.0
50.0
100.0
0.0
50.0
0.0
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
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 REALT
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
104 | coldwellbankerluxury.com
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 REAL
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.