FL ARCHIVED July 2017 | Page 145

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

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
$ 204,445
2 %
14 %
Average List Price of all Current Listings
$ 222,540
2 %
20 %
July Median Sales Price
$ 174,000
6 %
6 %
17 %
22 %
$ 162,000
16 %
13 %
July Average Sales Price
$ 177,670
6 %
5 %
14 %
19 %
$ 166,292
13 %
11 %
Total Properties Currently for Sale ( Inventory )
430
3 %
-0%
July Number of Properties Sold
211 -21%
12 %
1,445
2 %
July Average Days on Market ( Solds )
31 -21% -24% -28% -28%
44
-4%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 116
4 %
4 %
18 %
17 %
$ 110
15 %
11 %
July Sold Price per Square Foot
$ 106
-1%
0 %
10 %
16 %
$ 103
14 %
12 %
July Month ' s Supply of Inventory
2.0
30 %
16 % -11% -14%
2.2
-2%
-6%
July Sale Price vs List Price Ratio
96.1 %
-. 1 % -. 1 % -1.4%
. 1 %
95.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
July Property sales were 211 , up 12.2 % from 188 in July of 2016
and 21.0 % lower than the 267 sales last month . July 2017 sales
Property were at a mid Sales level compared to July of 2016 and 2015 . July
300
250
July
YTD Property sales of sales 1,445 were are 211 running , up 12.2 2.0 % from ahead 188 of in last July year of ' 2016 s year-todate 21.0 sales % lower of 1,417 than . the 267 sales last month . July 2017 sales and
250 were at a mid level compared to July of 2016 and 2015 . July
200
YTD sales of 1,445 are running 2.0 % ahead of last year ' s year-todate sales of 1,417 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in July was $ 174,000 , up 17.2 % from
Prices $ 148,500 in July of 2016 and up 6.0 % from $ 164,110 last The month Median . The Sales Average Price Sales in July Price was $ in 174,000 July was , up $ 17.2 177,670 % from , up 14.4 % $ from 148,500 $ 155,342 in July in of July 2016 of and 2016 up and 6.0 % up from 6.1 % $ 164,110 from $ 167,493 last last 190
month . . The July Average 2017 ASP Sales was Price at in the July highest was $ level 177,670 compared , up 14.4 to % July from $ 155,342 in July of 2016 and up 6.1 % from $ 167,493 last 170 of 2016 and 2015 . month . July 2017 ASP was at the highest level compared to July 150
of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of July The was Total 430 , Inventory up 2.6 % from of Properties 419 last available month and for sale down as 0.2 of % July from 431 was in July 430 , of up last 2.6 % year from . July 4192017 last month Inventory and down was at 0.2 its % lowest from 431 level 700 in compared July of last with year July . July of 2017 2016 Inventory and 2015 was . at its lowest level 600 compared with July of 2016 and 2015 . 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 2.0 a 200
higher months MSI was is better at its lowest for buyers level . The compared July 2017 with MSI July of 2.0 of 2016 and months was at its lowest level compared with July of 2016 and
100
2015 . 2015 .
0
100
50
0
110 90 70 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
14
15
16
17
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
14
15
16
17
J
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
600
5.0
4.0
500
4.0
400
300
3.0
3.0
2.0
200
2.0
100
1.0
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
0.0
179 198 195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 152 234 184 240 267 211
596 553
179 596 542
198 553 545
195 542 540
166 545 563
202 540 509
127 563 463
169 211 239 209 217 216 197 223 183 146 215 152 163
444 509 432 463
432
444 450
432 437
432 421
450
441
437 451 421
437 490
441
451 451
458 437
435 490
417 451
428 458
431 435
444 417
462 428
474 431
504 444
474 462 475 474
465 504
452 474
435 475
396 465
419 452
430 435
217 211 219 267 188 205 191 178 177 202 157 152 234 184 396
240
419 267
430
211
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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