FL ARCHIVED July 2017 | Page 143

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

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
$ 399,000
2 %
5 %
Average List Price of all Current Listings
$ 624,596
1 %
22 %
July Median Sales Price
$ 283,000
-10%
3 %
15 %
19 %
$ 265,000
13 %
11 %
July Average Sales Price
$ 305,294
-8%
0 %
12 %
12 %
$ 303,708
12 %
11 %
Total Properties Currently for Sale ( Inventory )
301
-0%
4 %
July Number of Properties Sold
73 -25%
-13%
575
-1%
July Average Days on Market ( Solds )
37 -10% -20% -16% -36%
52
-10%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 165
-5%
-2%
6 %
6 %
$ 169
9 %
8 %
July Sold Price per Square Foot
$ 151
-0%
2 %
15 %
12 %
$ 148
13 %
10 %
July Month ' s Supply of Inventory
4.1
32 %
21 %
20 %
15 %
3.5
-5%
-1%
July Sale Price vs List Price Ratio
95.2 %
. 1 %
. 3 %
. 7 %
1.3 %
94.6 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
July Property sales were 73 , down 13.1 % from 84 in July of 2016
and 24.7 % lower than the 97 sales last month . July 2017 sales
Property were at their Sales lowest level compared to July of 2016 and 2015 .
120
100
July
July Property YTD sales sales of were 575 are 73 , running down 13.1.4 %% from behind 84 in last July year of 2016 ' s year-todate 24.7 sales % lower of 583 than . the 97 sales last month . July 2017 sales and
100 were at their lowest level compared to July of 2016 and 2015 .
80
July YTD sales of 575 are running 1.4 % behind last year ' s year-todate sales of 583 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40 20
Number of Properties Sold
20
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 $ 283,000 , up 15.3 % from
Prices
$ 245,500 in July of 2016 and down 10.2 % from $ 315,000 last
The month Median . The Sales Average Price Sales in July Price was $ in 283,000 July was , up $ 305,294 15.3 % from , up 11.7 %
350
$ from 245,500 $ 273,315 in July in of July 2016 of and 2016 down and 10.2 down % from 8.0 % $ 315,000 from $ 331,681 last month . The Average Sales Price in July was $ 305,294 , up 11.7 %
330 last month . July 2017 ASP was at the highest level compared to from $ 273,315 in July of 2016 and down 8.0 % from $ 331,681
310
July of 2016 and 2015 . last month . July 2017 ASP was at the highest level compared to
290
July of 2016 and 2015 .
270
250
230
210
190
170
150
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
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
150
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 301 , Inventory down 0.3 of % Properties from 302 last available month for and sale up as 4.2 of % July from 289 was in July 301 , of down last 0.3 year %. from July 302 2017 last Inventory month and was up at 4.2 a % mid from level 289
450 in compared July of last with year July . July of 2017 2016 Inventory and 2015 was . at a mid level
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
compared with July of 2016 and 2015 .
350
300
6.0
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 July 2017 MSI of 4.1 higher MSI is better for buyers . The July 2017 MSI of 4.1
100 months was at its highest level compared with July of 2016 and months was at its highest level compared with July of 2016 and
50
2015 .
2015 .
0
250
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
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
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
14
15
16
17
14
15
16
17
J
76 78 94 58 75 61 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 73
331
76 78 94 58 75 61 52 81 99 103
Number of Properties Sold
316
301 331
330 316
320 301
363 330
320 388
375 363
363 388 381 375
341 363
344 381
319 341
286 344
292
319 305 286 315 313
292
297 305
292 315
287 313
271 297
293 292
289 287
102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58
3 Mo Avg
64 88
263 271
256 293
249 289
256 263
264 256 258
249
257 256 281
264 277 258 296 257 302 281 301 277
95 296
3 Mo Avg
100
302 97
301 73
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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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