FL ARCHIVED July 2017 | Page 141

Market Action Report July 2017
Community Information | School District
Market Action Report July 2017

City : Melbourne

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
$ 289,700
4 %
10 %
Average List Price of all Current Listings
$ 351,730
3 %
9 %
July Median Sales Price
$ 227,000
-2%
0 %
1 %
11 %
$ 225,000
9 %
10 %
July Average Sales Price
$ 248,123
-8%
-3%
-2%
5 %
$ 253,488
8 %
8 %
Total Properties Currently for Sale ( Inventory )
582
-2%
-9%
July Number of Properties Sold
259 -12%
-9%
1,655
-4%
July Average Days on Market ( Solds )
36
24 %
-3% -23% -27%
42
-18%
-14%
Asking Price per Square Foot ( based on New Listings )
$ 141
-3%
0 %
10 %
8 %
$ 140
9 %
8 %
July Sold Price per Square Foot
$ 129
-5%
-2%
4 %
8 %
$ 130
11 %
9 %
July Month ' s Supply of Inventory
2.2
11 %
5 %
0 %
-17%
2.5
-8%
-8%
July Sale Price vs List Price Ratio
95.6 % -1.2% -. 7 % -. 9 %
. 5 %
95.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
700 600 500
400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial July 2017 for sellers MSI of while 2.2 a
higher MSI is better for buyers . The July 2017 MSI of 2.2
200 months was at a mid level compared with July of 2016 and 2015 . months was at a mid level compared with July of 2016 and 2015 . 100
0

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
350
July Property sales were 259 , down 9.1 % from 285 in July of
2016 and 11.6 % lower than the 293 sales last month . July 2017
300
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to July of 2016 and
350
July
2015 Property . July YTD sales sales were of 259 1,655 , down are 9.1 running % from 4.4 285 % in behind July of last
250
2016 year and ' s year-to-date 11.6 % lower sales than of the 1,732 293 . sales last month . July 2017 sales were at their lowest level compared to July of 2016 and
300
200
2015 . July YTD sales of 1,655 are running 4.4 % behind last
250
year ' s year-to-date sales of 1,732 .
150
200
100
150
100
50
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in July was $ 227,000 , up 0.9 % from
Prices
$ 225,000 in July of 2016 and down 2.2 % from $ 232,000 last
The month Median . The Sales Average Price Sales in July Price was $ in 227,000 July was , up $ 248,123 0.9 % from , down
300
$
1.7 225,000 % from in $ July 252,394 of 2016 in July and down of 2016 2.2 and % from down $ 232,000 8.3 % from last month . The Average Sales Price in July $ 248,123 , down
280
$ 270,653 last month . July 2017 ASP was at a mid range
1.7 % from $ 252,394 in July of 2016 and down 8.3 % from
260 compared to July of 2016 and 2015 .
$ 270,653 last month . July 2017 ASP was at a mid range
240 compared to July of 2016 and 2015 .
220
200
180
160
140
120
100
A
S O N D
J
F M A
MMedian J
J A SSales O N DPrice
J
F Mand A MAverage J
J
A S Sales O N D Price
J
F M A M J
J
14
15
16
17
3 Mo Avg
300
Median Sales Price and Average Sales Price
280
3 Mo Avg
260
240
220
200
180
160
140
120
100
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
14 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 A
17 M J
J
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of July
The was Total 582 , Inventory down 2.2 of % Properties from 595 last available month for and sale down as of 8.8 July % from was 638582 in , July down of 2.2 last % year from . 595 July last 2017 month Inventory and down was 8.8 at % its from lowest
800
638 level in compared July of last with year . July of 2017 2016 Inventory and 2015 was . at its lowest level compared with July of 2016 and 2015 .
800
700
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.5
4.0
3.5
3.0
261 218 225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 220 271 293 259
705
400 300 200 100 0
A
14
261 218 225 177 235 180 204 254 216 260
672
689 705
682 672
632 689
642 682
648 632
664 642
660 648 663
664 665
660 643
663 622
665 624
643
659 622 676 624 667 686
659
670 676
634 667
637 686
593 670
654 634
638 637
270 279 247 227 197 192
606 593
583 654
610 638
624 606
590 583 581 610
554 624
563 590
568
581
584 554 595
563 582
568
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 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 14
15 16
17 15
16
17
207 174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 220 584
271
595
2.5 2.0 1.5 1.0 0.5 0.0
F M A M J
293
582
J
259
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
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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