FL ARCHIVED January 2018 | Page 130

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

City : Wellington

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
$ 575,000
1 %
16 %
Average List Price of all Current Listings
$ 1,775,750
-1%
19 %
January Median Sales Price
$ 393,000
2 %
8 %
14 %
5 %
$ 393,000
14 %
5 %
January Average Sales Price
$ 560,804
3 %
2 %
-10%
7 %
$ 560,804
-10%
7 %
Total Properties Currently for Sale ( Inventory )
695
7 %
-4%
January Number of Properties Sold
49 -56%
-36%
49
-36%
January Average Days on Market ( Solds )
97
56 %
28 %
39 %
23 %
97
39 %
23 %
Asking Price per Square Foot ( based on New Listings )
$ 267
4 %
-14% -9%
-5%
$ 267
-9%
-5%
January Sold Price per Square Foot
$ 212
8 %
10 % -18%
9 %
$ 212
-18%
9 %
January Month ' s Supply of Inventory
14.2
144 % 55 %
51 % 103 %
14.2
51 %
103 %
January Sale Price vs List Price Ratio
92.4 % -1.6% -1.0% -1.1% -. 9 %
92.4 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Agent Name

Wellington Title

Phone Website Other

Community Information | School District

Property Sales
180
January Property sales were 49 , down 36.4 % from 77 in January of 2017 and 56.3 % lower than the 112 sales last month . January
160
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their lowest level compared to January of
180
140
January
2017 and Property 2016 . sales January were YTD 49 , down sales 36.4 of 49 % are from running 77 January 36.4 % of behind 2017 and last 56.3 year %' s lower year-to-date than the sales 112 sales of 77 last . month . January
160
120
2018 sales were at their lowest level compared to January of
140
100
2017 and 2016 . January YTD sales of 49 are running 36.4 % behind last year ' s year-to-date sales of 77 .
120
80
100
60
80
40
60
20
40
0
20
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
J
0
15
16
17
18
F
M A M J
Prices
15
The Median Sales Price in January was $ 393,000 , up 13.9 %
1,000
Prices from $ 345,000 in January of 2017 and up 2.1 % from $ 385,000
The last Median month Sales . The Price Average in January Sales Price was $ in 393,000 January , up was 13.9 $ % 560,804 ,
1,000
900 from down $ 345,000 10.1 % from in January $ 623,623 of 2017 in January and up of 2.12017 % from and $ 385,000 up 2.6 % last from month $ 546,562 . The Average last month Sales . January Price in January 2018 ASP was was $ 560,804 at a mid ,
900
800
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
down range 10.1 compared % from $ to 623,623 January in January of 2017 and of 2017 2016 and . up 2.6 % from $ 546,562 last month . January 2018 ASP was at a mid
800
700
range compared to January of 2017 and 2016 .
700
600
600
500
72 91 138 135 131 158 115 125 116 86 112 80 71 116 95 126 146 117 143 106 96 95 101 77 92 116 105 126 125 107 115 77 113 89 112 49
400
300
300
F
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
J
M
15 A 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
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
January Total Inventory was 695 , up of Properties 6.9 % from available 650 last for month sale as and of down 3.9 %
January from 723 was in 695 January , up 6.9 of % last from year 650 . January last month 2018 and Inventory down 3.9 % was
900 at from its lowest 723 in level January compared of last year with . January 2018 of 2017 Inventory and 2016 was . at
800
900
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
14.0
16.0
14.0
12.0
its lowest level compared with January of 2017 and 2016 .
700
600
500
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The January 2018 MSI of 14.2 higher MSI is better for buyers . The January 2018 MSI of 14.2
200 months was at its highest level compared with January of 2017 months was at its highest level compared with January of 2017
100 and 2016 . and 2016 .
0
600
500
400
300
200
100
0
12.0
10.0
10.0
8.0
6.0
4.0
2.0
0.0
821
500 400
814 72 821 792
91 814 758
138 792 720
F M A M J 15
15
135 758 710
131 720 672
F M A M J
686 158 710
692 115
672 699
125
686
669 116
692 699
700 756
J A S O N D J
16
86 112
669 767 700 746
756 728
767
713 684
746
667 728
710 713
692 684
716 667
696 710
723 692
757 716
754 696
748 723
730 757 726 754
726 748
705 730
676 726
687 726
668 705
650
676 695
687
J A S O N D J F M A M J F M A M J
16
Number of Properties Sold
80 71 116 95 126 146 117 143 106
J A S O N D J F M A M J 17
J A S O N D J
17
96 95 101 77 92 116 105 126 125 107 115 77
668 113 650
3 Mo Avg
89
695
8.0 6.0 4.0 2.0 0.0
F M A M J J A S O N D J J A S O N D J
18
18
112
49
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130 | c o l d w e l l b a n k e r h o m e s . c o m
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 .