FL ARCHIVED July 2017 | Page 90

Market Action Report July 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report July 2017 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other

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
$ 507,500
3 %
17 %
Average List Price of all Current Listings
$ 1,152,965
1 %
22 %
July Median Sales Price
$ 312,500
1 %
3 %
18 %
12 %
$ 292,750
7 %
5 %
July Average Sales Price
$ 523,661
4 %
8 %
15 %
14 %
$ 475,782
5 %
3 %
Total Properties Currently for Sale ( Inventory )
2,130
-1%
-16%
July Number of Properties Sold
276 -31%
-7%
2,214
-1%
July Average Days on Market ( Solds )
88 -16% -8% -26% -18%
95
-13%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 340
-13% -1%
14 %
10 %
$ 335
9 %
8 %
July Sold Price per Square Foot
$ 275
2 %
4 %
14 %
12 %
$ 260
7 %
5 %
July Month ' s Supply of Inventory
7.7
44 %
21 %
-9%
-7%
7.6
-10%
-8%
July Sale Price vs List Price Ratio
94.4 %
. 4 %
. 1 %
-. 2 %
. 4 %
94.2 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
450
July Property sales were 276 , down 7.1 % from 297 in July of
2016 and 31.2 % lower than the 401 sales last month . July 2017
400
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to July of 2016 and
450
350
July
2015 Property . July YTD sales sales were of 276 2,214 , down are 7.1 running % from 0.7 297 % in behind July of last
2016 year and ' s year-to-date 31.2 % lower sales than of the 2,229 401 sales . last month . July 2017
400
300
sales were at their lowest level compared to July of 2016 and
350
250
2015 . July YTD sales of 2,214 are running 0.7 % behind last year ' s year-to-date sales of 2,229 .
300
200
250
150
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in July was $ 312,500 , up 17.9 % from
Prices
$ 265,000 in July of 2016 and up 0.8 % from $ 310,000 last
The month Median . The Sales Average Price Sales in July Price was $ in 312,500 July was , up $ 17.9 523,661 % from , up 14.9 %
600
$ from 265,000 $ 455,887 in July in of July 2016 of and 2016 up and 0.8 % up from 3.9 % $ 310,000 from $ 504,121 last last month . . The July Average 2017 ASP Sales was Price at in the July highest was $ level 523,661 compared , up 14.9 to % July
550 from of 2016 $ 455,887 and 2015 in July . of 2016 and up 3.9 % from $ 504,121 last
500
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
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
500
450
3 Mo Avg
month . July 2017 ASP was at the highest level compared to July of 2016 and 2015 .
450
400
400
350
350
300
300
250
272 306 273 236 343 242
272 306 273 236 343 242 254 373 347 362 370 394 315 354 305 257 348 239 289 362 337 345 360 297 303 331 267 279 305 241 236 368 331 361 401 276
250
200
200
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
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 2,130 Inventory , down 1.2 of % Properties from 2,155 available last month for sale and as down of July 15.7 %
3,000 was from 2,130 2,526 , down in July 1.2 % of from last 2,155 year . last July month 2017 and Inventory down 15.7 was % at its
3,000
2,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
from lowest 2,526 level in compared July of last with year . July of 2017 2016 Inventory and 2015 was . at its lowest level compared with July of 2016 and 2015 .
2,500
2,000
10.0
8.0
2,000
1,500
8.0
6.0
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The July 2017 MSI of 7.7 higher months MSI was is better at a mid for level buyers compared . The July with 2017 July MSI of of 2016 7.7
500 and
2015500 .
2.0 months was at a mid level compared with July of 2016 and 2015 .
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
4.0
2.0
0.0
2,241 2,317 2,398 2,401
254 373 347 362 370
2,241 2,317 2,398 2,401 2,349 2,524 2,600 2,463 2,444 2,374 2,327 2,317 2,271 2,246 2,337 2,378 2,323
2,495
Number of Properties Sold
394 315 354 305
2,349 2,524 2,600 2,463 2,444 2,374 2,327 2,317 2,271 2,246 2,337 2,378 257 348 239 289
2,729
2,323 2,724 2,729 2,680 2,607
362 337 345 360 297
2,495 2,729 2,724 2,729 2,680 2,607 2,526 2,469 303 331 267 279 305 241 236
2,526 2,469 2,346 2,362 2,375 2,316 2,465 2,437 2,432 2,282 2,192 2,155 2,130
368 331
2,346 2,362 2,375 2,316 2,465 2,437 2,432 2,282 2,192 2,155
3 Mo Avg
361
2,130 401 276
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
90 | 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 .