FL ARCHIVED January 2018 | Page 90

Market Action Report January 2018 City: Fort Lauderdale/Fort Lauderdale Fort Lauderdale Beach January 2018 Market Action Report Agent Name Title Phone Agent Name Website Title Other City: Fort Lauderdale Community Information | School District Price Range: All | Properties: SFH - Con Phone 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 $499,000 0% 11% Other $1,195,316 Trending 0% versus*: 15% Trending versus*: Month LM 3% L3M 3% PYM 4% LY -6% YTD Prior YTD 4% Prior Year -6% $267,000 $267,000 $499,000 0% -24% -10% 11% -14% -20% $378,047 $378,047 -14% -20% $1,195,316 2,102 0% 0% 15% -15% $267,000 3% 3% 4% -75% -6% $267,000 4% -75% -6% 61 -27% 61 $378,047 -24% -10% -14% -20% $378,047 -14% 84 6% -2% -8% -10% 84 -8% -20% -10% 2,102 0% -15% $284 -9% -2% -6% -10% $284 -6% -10% 61 -27% -75% 61 -75% $228 -0% 0% -7% -9% $228 -7% -9% 84 6% -2% -8% -10% 84 -8% -10% 34.5 37% 21% 236% 129% 34.5 236% 129% $284 -9% -2% -6% -10% $284 -6% -10% 93.8% 2.2% .9% .8% -.2% 93.8% 1% -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 $228 -0% 0% -7% 34.5 37% 21% 236% 93.8% 2.2% .9% .8% -9% $228 -7% -9% 129% 34.5 236% 129% Number of 93.8% Properties -.2% 1% Sold -0% * 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 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 450 January Property sales were 61, down 74.8% from 242 in 400 January of 2017 and 26.5% lower than the 83 sales last month. Property Sales January 2018 sales were at their lowest level compared to 450 350 January were 61, down 74.8% from of 242 January Property of 2017 sales and 2016. January YTD sales 61 in are running 400 300 January of 2017 last and year's 26.5% year-to-date lower than the 83 sales last month. 74.8% behind sales of 242. January 2018 sales were at their lowest level compared to 350 250 3 Mo Avg 300 200 338 0 50 Prices 15 600 550 16 17 Median Sales Price and Average Sales Price 331 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 The Median Sales Price in January was $267,000, up 4.2% from Prices $256,250 in January of 2017 and up 2.7% from $260,000 last The Median Sales Price Sales in January $26 7,000, 4.2% from down month. The Average Price was in January was up $378,047, 600 $256,250 in January of 2017 and up of 2.7% from last from 14.2% from $440,507 in January 2017 and $260,000 down 24.2% 550 month. The last Average Sales Price in 2018 January down level $498,554 month. January ASP was was $378,047, at the lowest 14.2% from $440,507 in of January of 2017 and down 24.2% from 500 compared to January 2017 and 2016. 50 100 250 150 200 100 150 $498,554 last month. January 2018 ASP was at the lowest level compared to January of 2017 and 2016. 3 Mo Avg Number of Properties Sold January of 2017 and 2016. January YTD sales of 61 are running 74.8% behind last year's year-to-date sales of 242. Trending versus*: Prior YTD Prior Year YTD 18 3 Mo Avg 500 450 450 400 400 350 350 300 300 250 250 200 200 2,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a 1,000 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of 3,000 January was 2,102, of up 0.5% from 2,092 for last sale month The Total Inventory Properties available as of and down 3,000 15.4% from 2,485 up in 0.5% January last year. January January was 2,102, from of 2,092 last month and 2018 down 2,500 15.4% from 2,485 last compared year. January Inventory was at in its January lowest of level with 2018 January of 2017 2,500 2,000 Inventory was at its lowest level compared with January of 2017 and 2016. and 2016. 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 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 A higher comparatively lower MSI is more The beneficial for 2018 sellers MSI while MSI is better for buyers. January of a 34.5 1,000 500 higher MSI is better for buyers. January with 2018 January MSI of 34.5 months was at its highest level The compared of 2017 500 months was at its highest level compared with January of 2017 0 and 2016. 0 and 2016. 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 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 15 16 17 18 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con 90 | c . 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Data provided courtesy of w Greater REALTORS, REALTOR of Martin Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o l of d Greater e Fort l Fort l b Lauderdale a n REALTORS, ke r h REALTOR om e Association s Association c o of m Data is is provided courtesy Lauderdale 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 consumer’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.