FL ARCHIVED July 2017 | Page 86

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

County : Broward

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
$ 329,900
2 %
20 %
Average List Price of all Current Listings
$ 601,670
2 %
23 %
July Median Sales Price
$ 260,250
-4%
4 %
16 %
18 %
$ 237,500
10 %
8 %
July Average Sales Price
$ 332,957
1 %
5 %
12 %
15 %
$ 310,125
8 %
7 %
Total Properties Currently for Sale ( Inventory )
11,618
-4%
-23%
July Number of Properties Sold
2,334 -20%
-13%
17,329
-6%
July Average Days on Market ( Solds )
69
-3%
-3% -24% -19%
72
-17%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 209
-8%
-2%
9 %
8 %
$ 209
9 %
8 %
July Sold Price per Square Foot
$ 183
-0%
2 %
12 %
13 %
$ 175
9 %
8 %
July Month ' s Supply of Inventory
5.0
19 %
10 % -12% -14%
5.3
-14%
-9%
July Sale Price vs List Price Ratio
95.3 %
. 4 %
. 2 %
-. 3 %
. 3 %
95.0 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 July Property sales were 2,334 , down 12.7 % from 2,673 in July
of 2016 and 19.6 % lower than the 2,902 sales last month . July 3,000 Property 2017 sales Sales were at their lowest level compared to July of 2016 3,500
July and Property 2015 . July sales YTD were sales 2,334 of , 17,329 down 12.7 are % running from 2,673 6.3 % in behind July 2,500 of last 2016 year and ' s year-to-date 19.6 % lower than sales the of 2,902 18,487 sales . last month . July 3,000 2017 sales were at their lowest level compared to July of 2016 2,000 and 2015 . July YTD sales of 17,329 are running 6.3 % behind 2,500 last year ' s year-to-date sales of 18,487 .
1,500 2,000
1,000 1,500
500 1,000
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

2,456 2,370 2,546 1,979 2,621
Number of Properties Sold
500
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 $ 260,250 , up 15.7 % from
Prices
$ 225,000 in July of 2016 and down 3.6 % from $ 270,000 last
The month Median . The Sales Average Price Sales in July Price was $ in 260,250 July was , up $ 332,957 15.7 % from , up 12.2 %
350
$ from 225,000 $ 296,719 in July in of July 2016 of and 2016 down and 3.6 up % 0.7 from % from $ 270,000 $ 330,480 last last . The Average Sales Price in July was $ 332,957 , up 12.2 %
330 month . July 2017 ASP was at the highest level compared to July from $ 296,719 in July of 2016 and up 0.7 % from $ 330,480 last
310 of 2016 and 2015 . month . July 2017 ASP was at the highest level compared to July
290 of 2016 and 2015 .
270
250
230
210
190
170
150
A
S O N D
J
F M A
Median M J
J
A Sales S O N Price D
J
F and M A MAverage J
J
A S Sales O N DPrice
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 11,618 Inventory , down 3.9 of Properties % from 12,091 available last month for sale and as of down July 23.3 %
18,000 was from 11,618 15,152 , down in July 3.9 % of from last 12,091 year . July last month 2017 Inventory and down was 23.3 at % its
18,000
16,000 from lowest 15,152 level in compared July of last with year July . of 2017 2016 Inventory and 2015 was . at its
16,000
14,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
lowest level compared with July of 2016 and 2015 .
14,000
12,000
7.0
12,000
10,000
6.0
10,0008,000
5.0
A comparatively lower MSI is more beneficial for sellers while a
8,0006,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
6,000
3.0 higher MSI is better for buyers . The July 2017 MSI of 5.0
4,000 higher MSI is better for buyers . The July 2017 MSI of 5.0
4,000
2.0 months was at a mid level compared with July of 2016 and 2015 .
2,000 months was at a mid level compared with July of 2016 and 2015 .
2,000
1.0
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
1,942 2,044 2,689 2,859 2,716 3,021
2,456 2,370 2,546 1,979 2,621 1,942 2,044 2,689 2,859 2,716 3,021 2,971 2,709 2,639 2,615 2,166 2,752 1,949 2,181 2,824 2,812 2,912 3,136 2,673 2,902 2,622 2,273 2,243 2,501 1,865 1,989 2,854 2,547 2,838 2,902 2,334
15,535 15,654 15,992 15,978 15,457 15,991 16,096 15,774 15,333 14,854 14,604 14,476 14,214 14,027 14,289 14,112 13,934
15,000 16,198
Number of Properties Sold
2,971 2,709 2,639 2,615
15,535 15,654 15,992 15,978 15,457 15,991 16,096 15,774 15,333 14,854 14,604 14,476 14,214 14,027 14,289 14,112 2,166 2,752 1,949 2,181 2,824 2,812 2,912 3,136 2,673
16,198 16,629 16,660 16,263 15,634 15,152 14,479
13,934 16,629
16,660 15,000 16,263 15,634 15,152 14,479 13,560 12,850 12,974
2,902 2,622 2,273 2,243 2,501
3 Mo Avg
1,865 1,989
12,684 13,334 13,374 13,131 12,719 12,443 12,091 11,618 2,854 2,547
13,560 12,850 12,974 12,684 13,334 13,374 13,131 12,719 12,443
3 Mo Avg
2,838 2,902
12,091 11,618
2,334
9.0 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
86 | c o l d w e l l b a n k e r h o m e s . c o m
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 .