FL ARCHIVED February 2018 | Page 130

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

City : Venice

Price Range : All | 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
$ 304,500
2 %
8 %
Average List Price of all Current Listings
$ 375,064
3 %
7 %
February Median Sales Price
$ 233,750
-2%
-7%
-4%
-6%
$ 235,000
-2%
-5%
February Average Sales Price
$ 260,559
-5%
-6%
-8%
-6%
$ 267,191
-3%
-4%
Total Properties Currently for Sale ( Inventory )
966
0 %
-1%
February Number of Properties Sold
192
25 %
3 %
345
3 %
February Average Days on Market ( Solds )
68
8 %
6 %
-7%
-1%
66
-6%
-4%
Asking Price per Square Foot ( based on New Listings )
$ 190
-1%
1 %
9 %
5 %
$ 190
7 %
5 %
February Sold Price per Square Foot
$ 160
-6%
-4%
-8%
-4%
$ 164
-3%
-2%
February Month ' s Supply of Inventory
5.0 -20% -1%
-3%
27 %
5.7
-3%
44 %
February Sale Price vs List Price Ratio
94.5 %
-. 4 % -. 2 % -. 1 %
. 2 %
94.7 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
350
February Property sales were 192 , up 2.7 % from 187 in February
of 2017 and 25.5 % higher than the 153 sales last month .
300
Property
February 2018 Sales sales were at their highest level compared to
350
February Property of 2017 sales and 2016 were . 192 February , up 2.7 % YTD from sales 187 in of February 345 are
250
of running 2017 and 3.0 25.5 % ahead % higher of last than year the ' 153 s year-to-date sales last month sales . of 335 .
February 2018 sales were at their highest level compared to
300
200
February of 2017 and 2016 . February YTD sales of 345 are
250
running 3.0 % ahead of last year ' s year-to-date sales of 335 .
150
200
100
150
100
50
Number of Properties Sold
50
0
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
J
F
0
15
16
17
18
Prices
The Median Sales Price in February was $ 233,750 , down 4.2 %
M
A M J
15
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
16
17
18
3 Mo Avg
Prices from $ 244,000 in February of 2017 and down 1.8 % from
The
$ 238,000 Median last Sales month Price . in The February Average was Sales $ 233,750 Price , down in February 4.2 % was from
$ 260,559 $ 244,000 , down in February 8.0 % from of $ 2017 283,165 and down in February 1.8 % from of 2017 and
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 238,000 5.4 last % from month $ 275,514 . The Average last month Sales . Price February in February 2018 ASP was was
$ 260,559 , down 8.0 % from $ 283,165 in February of 2017 and
270 at a mid range compared to February of 2017 and 2016 . down 5.4 % from $ 275,514 last month . February 2018 ASP was
250
250
230
at a mid range compared to February of 2017 and 2016 .
230
210
210 190
190 170

Venice

265 291
265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 162 195 184 209 153 192
170
150
150
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
J
F
M
A
15 M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 966 , of up Properties 0.1 % from available 965 last for month sale as and of down 0.8 %
1,200
February from 974 was in 966 February , up 0.1 of % last from year 965 . last February month 2018 and down Inventory 0.8 % was
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
from at a 974 mid in level February compared of last with year February . of 2018 2017 Inventory and 2016 was .
1,000 at a mid level compared with February of 2017 and 2016 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The February 2018 MSI of 5.0 higher months MSI was is better at a mid for level buyers compared . The February with February 2018 MSI of of 2017 5.0 and
200 months
2016 . was at a mid level compared with February of 2017 and
2016 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
1.0
0
0.0
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 J
F
M
A 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
15
16
17
18
15
16
17
18
5.0
4.0
3.0
2.0
1.0
0.0
742 689 642
Agent Name 278
Title Phone Website Other

Community Information | School District

742 689 642 242 266 214 195 191
565 550 499 503 524 595 617
165
565 550 499 503 524
595 197 160
Number of Properties Sold
158 236 251 251
723 793 846 770 750 724 695 694
690 854
723 793
617 846
770 750 724 695 694 233 220 206
690 754
818
207 206 189
754 957
818 974
968 854 219 148
957 974
187
968 286 257 295 252
849 818 799 748 690 823 690
849 818 799 748 690 690 746 795 197 235
3 Mo Avg
162
965
966 195 184
746 795 823
3 Mo Avg
209 153
965 966
192
66 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 Asso 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 .