FL ARCHIVED January 2018 | Page 141

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

City : Merritt Island

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
$ 379,000
2 %
-4%
Average List Price of all Current Listings
$ 522,273
9 %
1 %
January Median Sales Price
$ 286,000
14 %
5 %
32 %
8 %
$ 286,000
32 %
8 %
January Average Sales Price
$ 343,636
19 %
14 %
27 %
11 %
$ 343,636
27 %
11 %
Total Properties Currently for Sale ( Inventory )
255
-3%
-1%
January Number of Properties Sold
71 -17%
22 %
71
22 %
January Average Days on Market ( Solds )
75
15 %
23 %
39 %
34 %
75
39 %
34 %
Asking Price per Square Foot ( based on New Listings )
$ 200
24 %
14 %
23 %
18 %
$ 200
23 %
18 %
January Sold Price per Square Foot
$ 149
6 %
0 %
-1%
0 %
$ 149
-1%
0 %
January Month ' s Supply of Inventory
3.6
18 %
-4% -19%
-3%
3.6
-19%
-3%
January Sale Price vs List Price Ratio
93.2 %
. 2 %
-. 9 % -2.3% -1.2%
93.2 %
-2%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
120
January Property sales were 71 , up 22.4 % from 58 in January of
2017 and 17.4 % lower than the 86 sales last month . January
Property
2018 sales Sales were at their highest level compared to January of
120
100
January
2017 and Property 2016 . sales January were YTD 71 , up sales 22.4 of % 71 from are 58 running January 22.4 % of
2017 ahead and of 17.4 last % year lower ' s year-to-date than the 86 sales sales last of 58 month . . January
2018 sales were at their highest level compared to January of
100
80
2017 and 2016 . January YTD sales of 71 are running 22.4 % ahead of last year ' s year-to-date sales of 58 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in January was $ 286,000 , up 31.5 %
Prices from $ 217,450 in January of 2017 and up 14.4 % from $ 250,000 The last Median month Sales . The Price Average in January Sales Price was $ in 286,000 January , up was 31.5 $ 343,636 % ,
400 from up 27.2 $ 217,450 % from in $ January 270,198 of in 2017 January and up of 14.4 2017 % and from up $ 250,000 19.5 % from last $ 287,635 month . last The month Average . January Sales Price 2018 in January ASP was was at the $ 343,636 highest , level up 27.2 % from $ 270,198 in January of 2017 and up 19.5 % from 350 compared to January of 2017 and 2016 . $ 287,635 last month . January 2018 ASP was at the highest level
compared to January of 2017 and 2016 .
300
40
20
0
20
0
52
81 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 70 66 86 71
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
15
16
17
18
99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 70 66 86 71
F M A M J 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 15
16 17
18 3 Mo Avg
400 Median Sales Price and Average Sales Price
3 Mo Avg
350
300
250
250 200
200
150
150
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 255 , down of Properties 2.7 % from available 262 last for sale month as of and down
January
1.2 % from was 258 255 , in down January 2.7 % of from last 262 year last . January month and 2018 down Inventory
450
1.2 was % from at its 258 lowest in January level compared of last year with . January 2018 of 2017 Inventory and
2016400 .
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
8.0
7.0
6.0
was at its lowest level compared with January of 2017 and 2016 .
350
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The January 2018 MSI of 3.6 higher MSI is better for buyers . The January 2018 MSI of 3.6
100 months was at its lowest level compared with January of 2017 months was at its lowest level compared with January of 2017
50 and 2016 . and 2016 .
0
300
6.0
250
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
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
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
15
16
17
18
15
16
17
18
5.0
4.0
3.0
2.0
1.0
0.0
386 373
386 362
373
380 362 340
380
343
318 340
285 343
291 318 304
285 314 291 312
304 296
314 291
312 286
296 270
291 291 287
286
261 270
254 291
248 287
256 261
264 254
258 248
258 256
281 264
281 258
258 309
320 281 329
281 309
309 298
320 293
329 300
309 262
298
255 293
300 262 255
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 .
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