FL ARCHIVED July 2017 - Page 66

Market Action Report Venice City: Venice Agent Name Market Action Report City: Venice July 2017 Title Phone Agent Name Website Other Title July 2017 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 $315,000 5% 17% Other $375,414 Trending 2% versus*: 11% Month LM -11% L3M -6% PYM -3% LY $230,250 $315,000 5% -7% -3% 17% -2% $268,601 $375,414 717 2% -9% 11% 3% $230,250 196 -11% -22% -6% -3% -11% -2% $268,601 -7% -3% -2% 2% 69 -4% -3% 3% 717 -9% 3% $181 -3% -2% 9% 196 -22% -11% $171 4% 2% 6% 69 -4% -3% 3% 15% 3.7 17% 15% 16% $181 -3% -2% 9% 4% 94.1% .2% .4% .9% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales Trending versus*: YTD Prior YTD 7% Prior Year $245,000 -2% 2% $276,626 $245,000 1,621 7% $276,626 7% 15% 72 4% 7% -0% -.6% $181 1,621 7% $168 72 22% 4.0 $181 6% 93.9% 7% 4% 5% 7% 4% 22% 5% 6% 5% 20% 10% 4% -1% 20% 4% 5% 9% -1% $171 4% 2% 6% 7% $168 5% 5% 3.7 17% 15% 16% -0% 4.0 10% 9% of 93.9% Properties 94.1% .2% .4% .9% Number -.6% -1% Sold -1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg 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 Property sales sales were of 196, down from 220 ahead in July of of last 250 2015. July YTD 1,621 are 10.9% running 7.4% 2016 and 22.2% lower sales than of the 252 sales last month. July 2017 300 year's year-to-date 1,509. 200 sales were at their lowest level compared to July of 2016 and Prices 14 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 Median Sales Price Sales in July Price was $230,250, 2.8% from month. The Average in July was down $268,601, down 270 $237,000 in July of 2016 and down 11.3% from $259,450 last 1.7% from $273,251 in July of 2016 and down 6.6% from 290 month. The last Average Sales Price in July down $287,589 month. July 2017 ASP was was $268,601, at a mid range 270 250 1.7% from $273,251 in 2016 July of and 2016 and down 6.6% from compared to July of 2015. $287,589 last month. July 2017 ASP was at a mid range 250 230 165 15 16 251 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 M J J A S O N D J F M A M J J A S O N D J F M A Median Sales Price and Average Sales Price M J J 3 Mo Avg 0 compared to July of 2016 and 2015. 0 50 50 100 100 150 3 Mo Avg 150 200 250 2015. July YTD sales of 1,621 are running 7.4% ahead of last year's year-to-date sales of 1,509. Number of Properties Sold 17 Median Sales Price and Average Sales Price 3 Mo Avg 230 210 210 190 190 170 170 150 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 150 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 A S 14 O N D J F M 14 15 16 17 600 600 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 3.7 a 200 higher MSI is better for buyers. July 2017 MSI July of 3.7 months was at its highest level The compared with of 2016 and 200 months was at its highest level compared with July of 2016 and 0 2015. 0 2015. 66 | c 7.0 800 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 7.0 6.0 6.0 5.0 5.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July was Total 717, Inventory down 8.9% 787 last month for and up as 3.2% from 695 1,200 The of from Properties available sale of July in July of last 8.9% year. from July 787 2017 was its highest was 717, down last Inventory month and up at 3.2% from 695 level 1,200 1,000 in compared July of last with year. July July of 2017 2016 Inventory and 2015. was at its highest level 1,000 800 compared with July of 2016 and 2015. 4.0 3.0 2.0 1.0 0.0 4.0 3.0 2.0 1.0 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 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 . 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