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 |
$ 1,162,345 |
-0% |
|
-3% |
|
|
|
|
Average List Price of all Current Listings |
$ 1,198,031 |
-1% |
|
-9% |
|
|
|
|
December Median Sales Price |
$ 1,129,559 |
8 % |
6 % |
|
-8% |
$ 1,080,000 |
-13% |
-12% |
December Average Sales Price |
$ 1,129,559 |
8 % |
4 % |
|
-14% |
$ 1,144,920 |
-14% |
-13% |
Total Properties Currently for Sale ( Inventory ) |
11 -15% |
0 % |
December Number of Properties Sold |
2
100 %
|
|
11 |
83 % |
|
December Average Days on Market ( Solds ) |
12 -93% -85% |
-88% |
81 |
-17% |
-16% |
Asking Price per Square Foot ( based on New Listings ) |
$ 304 |
6 % |
3 % |
62 % |
-5% |
$ 296 |
-11% |
-8% |
December Sold Price per Square Foot |
$ 319 |
60 % |
44 % |
|
21 % |
$ 239 |
-9% |
-9% |
December Month ' s Supply of Inventory |
5.5 -58% -42% |
0 % |
-30% |
9.7 |
23 % |
23 % |
December Sale Price vs List Price Ratio |
102.0 %
36.0 % 18.1 %
|
|
11.9 % |
90.1 % |
-2% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales December Property sales were 2 , up from 0 in December of 2016 and 100.0 % higher than the 1 sales last month . December 2017 sales were at their highest level compared to December of 2016 and 2015 . December YTD sales of 11 are running 83.3 % ahead of last year ' s year-to-date sales of 6 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2 1 1
Prices The Median Sales Price in December was $ 1,129,559 , up from $ 0 in December of 2016 and up 7.6 % from $ 1,050,000 last month . The Average Sales Price in December was $ 1,129,559 , up from $ 0 in December of 2016 and up 7.6 % from $ 1,050,000 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
0
3 Mo Avg 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
-1 15 16
17 Median Sales Price and Average Sales Price
3 Mo Avg
1,600 1,500 1,400 1,300
0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 0 2 2 0 0 0 0 1 0 1 0 1 0 0 3 0 1 1 1 1 2
1,200 1,100
Inventory & MSI The Total Inventory of Properties available for sale as of December was 11 , down 15.4 % from 13 last month and equal to 11 in December of last year . December 2017 Inventory was at its highest level compared 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 5.5 months was at its highest level compared with December of 2016 and 2015 .
1,000
16 14 12 16 10
14 8 12 6 10 4 8 2
0 6
4 2 0
6 6
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 |
15 |
|
|
|
16 |
|
|
|
17 |
4 4
4 4
8 8
10 10
7
Total Inventory & Month ' s Supply of Inventory ( MSI )
7 10 10
11
11 10 10 10
10 10 10 8 8
J F M A M J J A S O N D J 15
16
8 8
7 7
11 11
9 9
11 11
10
10 11
8 9 10
13
11 14
11
9
F M A M J |
J |
A S O N D |
|
|
16.0 |
8 12 12
11
12
10 10
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 |
|
|
|
11
8 9 10
13
11 14
F M A M J |
J |
A S O N D |
J |
|
|
|
17 |
11
9
8 12 12
11
12
10 10
13 13
11 11
F M A M J J A S O N D
14.0 12.0 10.0
8.0 16.0
6.0 14.0
4.0 12.0
2.0 10.0
0.0 8.0 6.0
4.0 2.0 0.0
Coldwell Banker Global Luxury SM | 111