FL ARCHIVED July 2017 | Page 66

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

City : Venice

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
$ 315,000
5 %
17 %
Average List Price of all Current Listings
$ 375,414
2 %
11 %
July Median Sales Price
$ 230,250
-11% -6%
-3%
-2%
$ 245,000
7 %
4 %
July Average Sales Price
$ 268,601
-7%
-3%
-2%
2 %
$ 276,626
7 %
5 %
Total Properties Currently for Sale ( Inventory )
717
-9%
3 %
July Number of Properties Sold
196 -22%
-11%
1,621
7 %
July Average Days on Market ( Solds )
69
-4%
-3%
3 %
15 %
72
22 %
20 %
Asking Price per Square Foot ( based on New Listings )
$ 181
-3%
-2%
9 %
4 %
$ 181
6 %
4 %
July Sold Price per Square Foot
$ 171
4 %
2 %
6 %
7 %
$ 168
5 %
5 %
July Month ' s Supply of Inventory
3.7
17 %
15 %
16 %
-0%
4.0
10 %
9 %
July Sale Price vs List Price Ratio
94.1 %
. 2 %
. 4 %
. 9 %
-. 6 %
93.9 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
July Property sales were 196 , down 10.9 % from 220 in July of
2016 and 22.2 % lower than the 252 sales last month . July 2017
300
Property sales were Sales at their lowest level compared to July of 2016 and
350
July
2015 Property . July YTD sales sales were of 196 1,621 , down are 10.9 running % from 7.4220 % ahead in July of of last
250
2016 year and ' s year-to-date 22.2 % lower sales than of the 1,509 252 . sales last month . July 2017 sales were at their lowest level compared to July of 2016 and
300
200
2015 . July YTD sales of 1,621 are running 7.4 % ahead of last
250
year ' s year-to-date sales of 1,509 .
150
200
100
150
100
50
Prices
The Median Sales Price in July was $ 230,250 , down 2.8 % from
Prices
$ 237,000 in July of 2016 and down 11.3 % from $ 259,450 last
290
The month Median . The Sales Average Price Sales in July Price was $ in 230,250 July was , down $ 268,601 2.8 % , from down
$
1.7 237,000 % from in $ July 273,251 of 2016 in July and of down 2016 11.3 and % from down $ 6.6 259,450 % from last
290
270
month
$ 287,589 . The last Average month Sales . July Price 2017 in July ASP was $ at 268,601 a mid , range down
1.7 compared % from $ 273,251 to July of in 2016 July of and 2016 2015 and . down 6.6 % from
$ 287,589 last month . July 2017 ASP was at a mid range
270
250
250
230
compared to July of 2016 and 2015 .
230
210
50 0
210 190
190 170

Venice

0
222 199
Number of Properties Sold
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
14
15
16
17
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
15
16
17
J
Median Sales Price and Average Sales Price
222 199 210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 196
A S O N D 14
Agent Name
210
Title Phone Website Other

Community Information | School District

163 195
170
150
150
A
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
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 717 , Inventory down 8.9 % of from Properties 787 last available month for and sale up as 3.2 of % July from 695
1,200 was in July 717 , down of last 8.9 year % from . July 787 2017 last Inventory month and was up at 3.2 its % highest from 695 level
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
in compared July of last with year July . July of 2017 2016 Inventory and 2015 was . at its highest level
1,000 compared with July of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The July 2017 MSI of 3.7 higher months MSI was is better at its highest for buyers level . The compared July 2017 with MSI July of 3.7 of 2016 and
200 months
2015 . was at its highest level compared with July of 2016 and
2015 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
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
139 174 265 291
658 685 671 694 720 749 742 742 689
278
658 685 671 694 720 749 742 742 689 642 565 550 499
242
Number of Properties Sold
266 214 195
503
524 595 617
191
642 565 550 499 503 524
165 197 160 158 236 251
723 793 846 770 750 724 695 693
595 617
251 233
723 793 846 770 750 724 695
220
689 753
817 206 207
693 853 689
753 206 189
956 972 967
817
853 219 148
3 Mo Avg
187
956 972 967
3 Mo Avg
848 815 787
717 286 257
848 815
3 Mo Avg
295 252
787 717
196
J
3 Mo Avg
J
7.0 6.0 5.0
4.0 3.0 2.0 1.0 0.0
66 | c o l d w e l l b a n k e r h o m e s . c o m
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 .