FL ARCHIVED January 2018 | Page 66

Market Action Report
Venice
City: Venice
Agent Name
Market Action Report
City: Venice
January 2018
Title
Phone
Agent
Name
Website
Other
Title
January 2018
Community Information | School District
Price Range: All | Properties: SFH - Con
P hone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$299,950
2%
5%
Other
$365,827 Trending
1% versus*: 5%
Month
LM -12%
L3M -6%
PYM 0%
LY
$238,000
$299,950
2% -6% -3%
5% 4%
$275,514
$365,827 956
1% 17% 5% -0%
$238,000 153
-12% -27%
-6% 0% 3%
-4%
$275,514 -6%
-3%
4%
-1%
63 -5% -3% -5%
956 17%
-0%
$193 3% 3% 8%
153 -27%
3%
$170 -1% 1% 4%
63 -5% -3% -5% -9%
6.2 59% 29% -3%
$193 3% 3% 8% 6%
94.9% .5% -.0% .0%
Average List Price of all Current Listings
Market
Trends
Overview
January Profile
Median & Sales
Price
Median
List
Price of Sales
all Current
January
Average
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
January
Sales
Price
January Median
Number
of Properties
Sold
January Average Sales Price
January Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
January Number of Properties Sold
January Sold Price per Square Foot
January Average Days on Market (Solds)
January Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
January Sale Price vs List Price Ratio
January Sold Price per Square Foot
January Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 0%
Prior Year
$238,000
-4%
-1%
$275,514
$238,000
$275,514
-9%
0%
153
4%
63
$193
153
3%
$170
63
-5%
6.2
$193
8%
94.9%
6%
2%
58%
.6%
4% -4%
-1%
3% -4%
-5% -1%
8%
4%
-9%
-3%
6%
0% -9%
6%
2%
58%
1%
$170 -1% 1% 4% 2%
$170
4%
2%
6.2 59% 29% -3% 58%
6.2
-3%
58%
of 94.9%
Properties
94.9% .5% -.0% .0% Number
.6%
0% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
January Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
350
January Property sales were 153, up 3.4% from 148 in January
of 2017 and 26.8% lower than the 209 sales last month. January 300
Property
2018 sales Sales
were at a mid level compared to January of 2017 and
350
January
Property YTD
sales sales
were of
153,
up are
3.4%
from 148
in ahead
January
250
2016. January
153
running
3.4%
of last
of year's
2017 and
26.8% lower
than
the 209 sales last month. January 300
year-to-date
sales
of 148.
200
2018 sales were at a mid level compared to January of 2017 and
Prices
15
The Median Sales Price in January was $238,000, up 0.4% from
Prices
$237,000 in January of 2017 and down 11.8% from $269,900
290
The
in January
was $238,000,
0.4%
from
last Median
month. Sales
The Price
Average
Sales Price
in January up
was
$275,514,
270
$237,000
in
January
of
2017
and
down
11.8%
from
$269,900
up 3.7% from $265,647 in January of 2017 and down 6.0% from
290
last
month. last
The month.
Average January
Sales Price
in January
$275,514,
$293,184
2018
ASP was was
at the
highest level 250
up
3.7% from to $265,647
2017 and down 6.0% from 270
compared
January in
of January
2017 and of 2016.
$293,184 last month. January 2018 ASP was at the highest level 250 230
251
16
17
Median Sales Price and Average Sales Price
206
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
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
Median Sales Price and Average Sales Price
3 Mo Avg
0
compared to January of 2017 and 2016.
0
50
50
100
100
150
3 Mo Avg
150
200
250
2016. January YTD sales of 153 are running 3.4% ahead of last
year's year-to-date sales of 148.
Number of Properties Sold
18
3 Mo Avg
230 210
210 190
190 170
170 150
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
18
150
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
15
16
17
18
600
600
400
A comparatively lower MSI is more beneficial for sellers while a
A higher
comparatively
lower MSI
is more The
beneficial
for 2018
sellers MSI
while
MSI is better
for buyers.
January
of a 6.2 400
200
higher
MSI
is better
for level
buyers.
The January
2018 MSI of of 2017
6.2 and
months
was
at a mid
compared
with January
200
months
was
at
a
mid
level
compared
with
January
of
2017
and
0
2016.
0
2016.
66 | c
7.0
7.0 6.0
6.0 5.0
5.0
800
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
1,200
January
was 956, up
16.7% from
819 last for
month
The
Total Inventory
of Properties
available
sale as and
of down 0.1%
from 957
January
of last
year.
2018
at 1,000
January
was in 956,
up 16.7%
from
819 January
last month
and Inventory
down 0.1% was 1,200
from
957
in January
of last
year.
January
2018 and
Inventory
a mid
level
compared
with
January
of 2017
2016. was at 1,000
800
a mid level compared with January of 2017 and 2016.
4.0
3.0
2.0
1.0
0.0
4.0
3.0
2.0
1.0
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
18
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
15
16
17
18
.
Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l d Residential
w e l Real
l b Estate
a n / k
e r Banker
h o United,
mes
c o | Price
m
Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
Fort Fort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consu mer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.