FL ARCHIVED December 2017 | Page 72

Market Action Report December 2017

WESTON

City : Weston

Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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
$ 1,611,950
1 %
-5%
Average List Price of all Current Listings
$ 2,129,576
2 %
-5%
December Median Sales Price
$ 1,762,500
53 %
23 %
44 %
31 %
$ 1,418,750
6 %
5 %
December Average Sales Price
$ 1,720,167
40 %
15 %
41 %
3 %
$ 1,569,476
-3%
-6%
Total Properties Currently for Sale ( Inventory )
66
-6%
-1%
December Number of Properties Sold
6
20 %
200 %
48
33 %
December Average Days on Market ( Solds )
203
47 %
28 % 323 %
99 %
145
44 %
42 %
Asking Price per Square Foot ( based on New Listings )
$ 279
1 %
2 %
-1%
4 %
$ 282
4 %
5 %
December Sold Price per Square Foot
$ 222
-7%
-2%
23 %
-10%
$ 231
-8%
-7%
December Month ' s Supply of Inventory
11.0 -21% -66% -67% -67%
24.0
-29%
-29%
December Sale Price vs List Price Ratio
79.5 % -9.7% -5.2% -12.8% -9.3%
88.0 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
10
December Property sales were 6 , up 200.0 % from 2 in
December of 2016 and 20.0 % higher than the 5 sales last
9
month . December 2017 sales were at their highest level
8
Property compared to Sales December of 2016 and 2015 . December YTD sales
107
December of 48 are running Property 33.3 sales % were ahead 6 , of up last 200.0 year %' s from year-to-date 2 in sales of
96
December
36 . of 2016 and 20.0 % higher than the 5 sales last month . December 2017 sales were at their highest level
85
compared to December of 2016 and 2015 . December YTD sales
74
of 48 are running 33.3 % ahead of last year ' s year-to-date sales of
63
36 .
52
1
Prices
0
The Median Sales Price in December was $ 1,762,500 , up 44.2 % from $ 1,222,500 in December of 2016 and up 52.5 % from
J
2,40015
$ 1,155,420 last month . The Average Sales Price in December
Prices was $ 1,720,167 , up 40.7 % from $ 1,222,500 in December of 2016
2,200
The and Median up 39.6 Sales % from Price $ 1,232,084 in December last month was $ 1,762,500 . December , up 2017 44.2 ASP %
2,000
from was at $ 1,222,500 the highest in level December compared of 2016 to December and up 52.5 of 2016 % from and
$
2015 1,155,420 . last month . The Average Sales Price in December was $ 1,720,167 , up 40.7 % from $ 1,222,500 in December of 2016
2,400
1,800
2,200
1,600
and up 39.6 % from $ 1,232,084 last month . December 2017 ASP was at the highest level compared to December of 2016 and
2015 .
2,000
1,400
1,800
1,200
1,600
1,000
1,400
41 30 2
1,200
0
Number of Properties Sold
Median Sales Price and Average Sales Price
3 Mo Avg
F M A M J
J
A
S O N D
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
16
17
Median Sales Price and Average Sales Price
Coast Association of REALT
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 66 , down 5.7 % from 70 last month and down
1.5 % from 67 in December of last year . December 2017
Inventory was & at MSI a mid level compared with December of 2016
The and Total 2015 Inventory . of Properties available for sale as of
December was 66 , down 5.7 % from 70 last month and down
1.5 % from 67 in December of last year . December 2017
Inventory
A comparatively was at a lower mid level MSI compared is more beneficial with December for sellers of while 2016 a and higher 2015 MSI . is better for buyers . The December 2017 MSI of 11.0 months was at its lowest level compared with December of 2016
1,000
90
80
70
60
90
50
80
40
70
30
60
20
50
10
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
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
A S O N D
90.0
80.0
70.0
60.0
50.0
90.0
40.0
80.0
30.0
70.0
20.0
60.0
10.0
50.0
and 2015 .
400
40.0
A comparatively lower MSI is more beneficial for sellers while a
30
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
30.0
higher MSI is better for buyers . The December 2017 MSI of 11.0 months was at its lowest level compared with December of 2016 and 2015 .
20
10
0
15
16
17
20.0
10.0
0.0
J
F M A M J
J
A S O N D
J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area
J Board
A S O N D
J
F M A M J
17 of REALTORS , REALTORS Association of
J the Palm
A S O N D Beaches , Space
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 .
72 | coldwellbankerluxury . com
67 4 67
1 69
Agent Name
Title Phone Website Other
2
70 9
72 4
65 7
59 55
3 50
7 54
6 61
1 58
3
Number of Properties Sold
61 2 62
2 63
1 66
5 71
4 73
7 77
1 75
4
75 4 3 1
68 68 67
2 3
73 74
2 2
78 80
6 7
74 74
7 4
69 69 69
5 73
0 70
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
15
16
17
67
1
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
15
16
17
67 69 70 72
65 59 55 50 54 61 58 61 62 63 66 71 73 77 75 75
68 68 67 73 74 78 80 74 74 69 69 69 73 70
3 Mo Avg
66
66 5 6
0 4 1 2 9 4 7 3 7 6 1 3 2 2 1 5 4 7 1 4 4 3 1 2 3 2 2 6 7 7 4 5 0 1 5 6