FL ARCHIVED January 2018 | Page 143

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

City : Palm Bay

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
$ 210,000
0 %
17 %
Average List Price of all Current Listings
$ 232,526
3 %
19 %
January Median Sales Price
$ 174,750
-3%
1 %
17 %
6 %
$ 174,750
17 %
6 %
January Average Sales Price
$ 179,629
-2%
1 %
14 %
5 %
$ 179,629
14 %
5 %
Total Properties Currently for Sale ( Inventory )
506
13 %
6 %
January Number of Properties Sold
142 -38%
-10%
142
-10%
January Average Days on Market ( Solds )
42 -13% -7% -18%
-2%
42
-18%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 124
8 %
5 %
17 %
10 %
$ 124
17 %
10 %
January Sold Price per Square Foot
$ 110
-1%
0 %
14 %
4 %
$ 110
13 %
4 %
January Month ' s Supply of Inventory
3.6
83 %
33 %
17 %
49 %
3.6
17 %
49 %
January Sale Price vs List Price Ratio
95.9 %
. 2 %
. 1 %
. 1 %
-. 0 %
95.9 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
300
January Property sales were 142 , down 9.6 % from 157 in
January of 2017 and 38.3 % lower than the 230 sales last month .
Property
January 2018 Sales sales were at their lowest level compared to
300
250
January Property of 2017 sales and 2016 were . 142 January , down YTD 9.6 % sales from of 157142 in are
January running of 9.6 2017 % behind and 38.3 last % lower year ' s than year-to-date the 230 sales sales last of month 157 . .
January 2018 sales were at their lowest level compared to
250
200
January of 2017 and 2016 . January YTD sales of 142 are running 9.6 % behind last year ' s year-to-date sales of 157 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
169 211 239 210 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 203 157 153 235 186 240 271 221 213 164 192 188 230 142
511
169 211 239 210 217 216 197 223 183 146 215
Number of Properties Sold
50
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 174,750 , up 16.5 % from
Prices
$ 150,000 in January of 2017 and down 2.8 % from $ 179,800
The last Median month Sales . The Price Average in January Sales Price was $ in 174,750 January , up was 16.5 $ % 179,629 from ,
200
$ up 150,000 13.9 % in from January $ 157,639 of 2017 in and January down of 2.8 2017 % from and $ down 179,800 1.6 % from last month . The Average Sales Price in January was $ 179,629 ,
190
$ 182,470 last month . January 2018 ASP was at the highest level up 13.9 % from $ 157,639 in January of 2017 and down 1.6 % from
180 compared to January of 2017 and 2016 .
$ 182,470 last month . January 2018 ASP was at the highest level
170 compared to January of 2017 and 2016 .
160
150
140
130
120
110
100
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
200
Median Sales Price and Average Sales Price
190
3 Mo Avg
180
170
160
150
140
130
120
110
100
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
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 506 , up of Properties 12.7 % from available 449 last for month sale as and of up 6.1 %
January from 477 was in 506 January , up 12.7 of % last from year 449 . January last month 2018 and Inventory up 6.1 % was
600 at from its highest 477 in January level compared of last year with . January 2018 of 2017 Inventory and 2016 was . at
500 its highest level compared with January of 2017 and 2016 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.0
3.5
3.0
2.5
4.0
3.5
3.0
2.5
2.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The January 2018 MSI of 3.6 higher months MSI was is better at its highest for buyers level . The compared January with 2018 January MSI of 3.6 of
2017100 months and 2016 was
. at its highest level compared with January of 2017 and 2016 .
0
2.0
200
1.5
100
1.0
0.5
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
1.5
1.0
0.5
0.0
152 163 217 211 219
3 Mo Avg
466
446 511
433 466
433 446
451 433
437 433
422 451
443 437 454
422
439 443 491 454
453 439
458 491
436 453
418
458 428 432
436
445 418
462 428
476 432
445 505
476 462
477 476
469 505
457 476
438 477
410 469
456 457 489
438 520
410 517 456 496
489 477
520 449
517
506 496
267 188 205 191 178 177 203 157 153 235 186 240 271 221 213 164 192 477
3 Mo Avg
188
449 230
506
142
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 .
c o l d w e l l b a n k e r h o m e s . c o m | 143