FL ARCHIVED December 2017 | Page 64

Market Action Report
December 2017
County: Broward
BROWARD
Market Action Report COUNTY
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,799,000
0%
County: Broward
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
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
$2,641,707 2% Trending versus*:
1%
Month 23%
LM L3M
LY
YTD
Prior
YTD Prior
$1,450,000
5% PYM
-0% 2%
$1,395,000
-1%
-2% Year
$1,799,000
0%
0%
$1,612,815 15% 4% -14% -12% $1,791,613
-3%
-3%
Average
List Price Currently
of all Current
Listings
$2,641,707
2%
1%
Total Properties
for Sale
(Inventory)
1,327 -3%
2%
December
Price
$1,450,000
23% 5% -44%
-0% 2% $1,395,000
-1%
-2%
December Median
Number Sales
of Properties
Sold
35 106%
642 -10%
December
$1,612,815
4% -14%
-3%
-3%
December Average
Average Sales
Days Price
on Market (Solds)
176 15%
19% 13%
15% -12%
11% $1,791,613
149
-7%
-6%
Total
Properties
for Sale
(Inventory)
1,327
2%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$519 -3%
-3% 4% -5%
2%
$535
5%
6%
December
of Properties
35 106%
642 -10%
December Number
Sold Price
per Square Sold
Foot
$386
2% -1% -44%
-24% -14%
$460
4%
3%
December
on of
Market
(Solds)
176 -53%
19% -67%
13% 15%
149 115%
-7%
-6%
December Average
Month's Days
Supply
Inventory
37.9
84% 11%
66%
49.2
115%
Asking
Price Sale
per Price
Square
(based
on New Listings)
$519 -4.8%
-3% -2.9%
4% -5.2%
-5% -6.4%
2%
$535
5%
6%
December
vs Foot
List Price
Ratio
85.0%
90.4%
-1%
-1%
* 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
$386 2% -1% -24% -14%
$460
4%
3%
December Month's Supply of Inventory
37.9 -53% -67% 84%
66%
49.2
115%
115%
Number of Properties Sold
December
Price vs List Price Ratio
85.0% -4.8% -2.9% -5.2% -6.4%
90.4%
-1%
-1%
Property Sale
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
100
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 35, down 44.4% from 63 in
90
December of 2016 and 105.9% higher than the 17 sales last
80
month. December 2017 sales were at their lowest level
80
50
70
40
60
30
The Median Sales Price in December was $1,450,000, down
0.3% from $1,455,000 in December of 2016 and up 23.3% from
$1,176,000 last month. The Average Sales Price in December
Prices
was $1,612,815, down 13.7% from $1,868,752 in December of
The
Median
Price
in $1,404,995
December was
down
2016
and up Sales
14.8%
from
last $1,450,000,
month. December
0.3%
$1,455,000
in December
of 2016 to and
up 23.3%
2017 from
ASP was
at the lowest
level compared
December
of from
2016
$1,176,000
and 2015. last month. The Average Sales Price in December
was $1,612,815, down 13.7% from $1,868,752 in December of
2016 and up 14.8% from $1,404,995 last month. December
2017 ASP was at the lowest level compared to December of 2016
and 2015.
63
Median Sales Price and Average Sales Price
1,900
2,300
3 Mo Avg
1,700
2,100
1,500
1,900
1,300
1,700
1,300
1,100
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
16
17
1,600 15
1,400
1,200
Total Inventory & Month's Supply of Inventory (MSI)
1,000
1,600
800
1,400
600
1,200
400
1,000
200
800
0
600
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
400 15
16
17
200
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
The Total Inventory of Properties available for sale as of
December was 1,327, down 3.0% from 1,368 last month and up
2.2% from 1,299 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
its highest level compared with December of
2016
and Inventory
2015.
The
Total
of Properties available for sale as of
December was 1,327, down 3.0% from 1,368 last month and up
2.2% from 1,299 in December of last year. December 2017
A comparatively
lower
MSI level
is more
beneficial
for December
sellers while
Inventory
was at its
highest
compared
with
of a
higher
MSI
is better for buyers. The December 2017 MSI of 37.9
2016
and
2015.
months 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 37.9
months was at its highest level compared with December of
2016 and 2015.
80
63
Median Sales Price and Average Sales Price
0
3 Mo Avg
2,300 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
2,100
1,100
1,500
Inventory & MSI
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
20
30 0
20
50
10
40
Prices
3 Mo Avg
90
60
December
35, last
down
44.4%
from 63 in sales of
of 642 are Property
running sales
10.3% were
behind
year's
year-to-date
December
of 2016 and 105.9% higher than the 17 sales last
716.
month. December 2017 sales were at their lowest level
compared to December of 2016 and 2015. December YTD sales
of 642 are running 10.3% behind last year's year-to-date sales of
716.
Number of Properties Sold
100
70
Property
Sales
compared to
December of 2016 and 2015. December YTD sales
3 Mo Avg
N D
250.0
200.0
150.0
250.0
100.0
200.0
50.0
150.0
0.0
100.0
50.0
0.0
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of M