FL ARCHIVED February 2018 | Page 194

Market Action Report February 2018
City : Weston Community Information Agent Website Name| School District
Market Action Report February 2018

City : Weston

Agent Name

Weston Title Market Action Report February 2018 Phone

City : Weston Community Information Agent Website Name| School District

Price Range : All | Properties : SFH - Con
TitleOther
Phone
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Website
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
Price Range : All | Properties : SFH - Con
Average List Price of all Current Listings
$
Other 599,700
2 %
8 %
$ 804,660
Trending
2 % versus *:
2 %
Trending versus *:
February Median Sales Price
$ 485,000
-5%
-3%
25 %
6 %
$ 503,000
18 %
10 %
February Average Sales Price
$ 599,700
$ 603,096
8 %
5 %
39 %
18 %
$ 580,084
14 %
13 %
Total Properties Currently for Sale ( Inventory )
$ 804,660
388 -1% -13%
February Number of Properties Sold
$ 485,000
53 0 % -9%
$ 603,096
February Average Days on Market ( Solds )
86 -30% -10% 30 %
388
Asking Price per Square Foot ( based on New Listings )
$ 191
1 % 1 % -1%
53
February Sold Price per Square Foot
$ 179
5 %
1 %
2 %
86
February Month ' s Supply of Inventory 7.3 -1% -4% -5%
$ 191
February Sale Price vs List Price Ratio
93.9 %
2.3 % 1.6 % -. 5 %
$ 179
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
7.3
$ 503,000
106
19 %
$ 580,084
104 -3%
$ 190
106 -1%
$ 174
104
13 %
7.4
$ 190 -. 5 %
92.9 %
$ 174
7.4
-3%
37 % -3% -4% -10% -2%
44 % -3% -4%
14 % -2%
93.9 %
Number of
92.9 Properties % Sold
3 Mo Avg
* LM
Property = Last Month / L3M Sales = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
160
February Property sales were 53 , down 8.6 % from 58 in
February of 2017 and the same as the 53 sales last month .
140
Number of Properties Sold
3 Mo Avg
Property
February 2018 Sales sales were at their lowest level compared to
February Property of 2017 sales and 2016 were . 53 February , down 8.6 YTD % from sales 58 of in 106 are
February running of 2.8 2017 % behind and the last same year as ' s the year-to-date 53 sales last sales month of 109 . .
February 2018 sales were at their lowest level compared to
February of 2017 and 2016 . February YTD sales of 106 are
160
140
120
120
100
80
running 2.8 % behind last year ' s year-to-date sales of 109 .
100
60
80
40
60
20
40
0
20
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 $ 485,000 , up 24.8 %
Prices from $ 388,750 in February of 2017 and down 4.9 % from
The
$ 510,000 Median last Sales month Price . in The February Average was Sales $ 485,000 Price , in up February 24.8 % was
700 from
$ 603,096 $ 388,750 , up in 38.7 February % from of $ 2017 434,672 and in down February 4.9 % from of 2017 and up
$
8.3 510,000 % from last $ 557,072 month . The last Average month . Sales February Price 2018 in February ASP was was at the
650
$ highest 603,096 level , up 38.7 compared % from to $ 434,672 February in February of 2017 and of 2017 2016 and . up
600
M
A M J
15
700
650
600
550
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
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
8.3 % from $ 557,072 last month . February 2018 ASP was at the highest level compared to February of 2017 and 2016 .
550
500
500
450
450
400
400
350
100 82 104 125 115 106 94 78 78 98 63 68 73 98 104 136 88 103 94 82 59 83 51 58 98 102 113 118 102 75 51 60 58 48 53 53
350 300 300
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 388 , of down Properties 1.3 % from available 393 for last sale month as of and down 600
10.0
February 12.8 % from was 445 388 , in down February 1.3 % from of last 393 year last . month February and 2018 down 600 10.0
500 8.0
12.8 Inventory % from 445 was in at February its lowest of level last compared year . February with 2018 February of 500
8.0 Inventory 2017 and was 2016 at . its lowest level compared with February of 400 2017 and 2016 .
400 6.0
300 6.0
300 4.0
A comparatively lower MSI is more beneficial for sellers while a 200
4.0 A comparatively lower MSI is more beneficial for sellers while a 200 higher MSI is better for buyers . The February 2018 MSI of 7.3 higher months MSI was is better at a mid for level buyers compared . The February with February 2018 MSI of of 2017 7.3 100
2.0 and 100
2.0 months 2016 . was at a mid level compared with February of 2017 and 0 0.0
2016 . 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
497 481
100 497 475
82 481
472 104 125 115 106 94 78 78
478 475
459 472
438 478
414 459
384 438 385
414 417 384
98
466 500
385
63 68 73 98 104 136 88 103 94 82 59
417 512 466 519
500 528
512 538 509
519
451 528
440 538
430 509
404 451
441 440
445 430
458 404
471 441
460 445
509 458 519
471 497 460
454 509
464 519
424 497
391 454
393 464
388 424
83 51 58 98 102 113 118 102 75 51 60
391 58
393 48
388 53 53
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Data 98 Data is is provided provided | courtesy ccourtesy o lof dGreater of wGreater eFort lFort lLauderdale bLauderdale a nREALTORS k eREALTORS r h, REALTOR o, mREALTOR eAssociation s . Association c oof mMartin of Martin County , County Miami , Association Miami Association of REALTORS of REALTORS , My Florida , My Regional Florida MLS Regional , Naples MLS Area , Naples Board Area of REALTORS Board of , REALTORS REALTORS , Association REALTORS of Association the Palm Beaches of the , Palm Space Beaches Coast Association , Space Coast of REAL Asso does does not not warrant warrant or guarantee or guarantee the the accuracy accuracy of this of information this information . It is . the It is responsibility the responsibility of any of buyer any or buyer seller or to seller verify to any verify and any all information and all information relevant to relevant such consumer to such ’ consumer s real estate ’ s real transaction estate . transaction .