FL ARCHIVED July 2017 | Page 98

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

City : Weston

Price Range : All | Properties : SFH - Con
Agent Name

Weston Community Information Website | School District

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
$ 598,850
1 %
11 %
Average List Price of all Current Listings
$ 751,945
0 %
4 %
July Median Sales Price
$ 450,000
-7%
0 %
13 %
2 %
$ 445,000
2 %
1 %
July Average Sales Price
$ 492,610
-8%
-4%
12 %
1 %
$ 501,852
4 %
2 %
Total Properties Currently for Sale ( Inventory )
490
0 %
-9%
July Number of Properties Sold
95 -18%
8 %
632
0 %
July Average Days on Market ( Solds )
55
-5% -14% -25% -29%
68
-11%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 233
5 %
3 %
7 %
10 %
$ 222
5 %
5 %
July Sold Price per Square Foot
$ 206
2 %
2 %
5 %
5 %
$ 200
3 %
2 %
July Month ' s Supply of Inventory
5.2
22 %
16 % -15%
-8%
5.5
-4%
-1%
July Sale Price vs List Price Ratio
95.3 %
. 6 %
. 2 %
. 1 %
. 4 %
95.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Title Phone
Other
Number of Properties Sold
Property Sales
160
July Property sales were 95 , up 8.0 % from 88 in July of 2016 and 18.1 % lower than the 116 sales last month . July 2017 sales
140
Number of Properties Sold
3 Mo Avg
Property were at a mid Sales level compared to July of 2016 and 2015 . July
160
July
YTD Property sales of sales 632 are were running 95 , up 8.0 0.5 % from ahead 88 of in last July year of 2016 ' s year-todate sales of 629 . and 18.1 % lower than the 116 sales last month . July 2017 sales
140 were at a mid level compared to July of 2016 and 2015 . July
120
YTD sales of 632 are running 0.5 % ahead of last year ' s year-todate
120
100
80
sales of 629 .
100
60
80
40
60
20
40
0
20
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 $ 450,000 , up 13.4 % from
Prices
$ 396,750 in July of 2016 and down 7.1 % from $ 484,500 last
The month Median . The Sales Average Price Sales in July Price was $ in 450,000 July was , up $ 492,610 13.4 % from , up 11.6 %
600
$ from 396,750 $ 441,214 in July in of July 2016 of and 2016 down and 7.1 down % from 8.4 $ % 484,500 from $ last 537,864
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
3 Mo Avg
month last month . The . Average July 2017 Sales ASP Price was in at July the was highest $ 492,610 level , compared up 11.6 % to
550 from
July $ of 441,214 2016 and in July 2015 of . 2016 and down 8.4 % from $ 537,864
500
last month . July 2017 ASP was at the highest level compared to
500
450
July of 2016 and 2015 .
450
400
88 82 97 71 90 62 60 100 82 104 124 115 106 94 78 78
88 82 97 71 90 62 60 100 82 104 124 115 106 94 78 78 98 63 68 73 98 103 136 88 103 94 82 59 83 51 57 98 102 113 116 95
98 63 68 73 98 103 136 88 103 94 82 59 83 51 57 98 102
3 Mo Avg
113 116 95
400 350 300
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of July The was Total 490 , Inventory up 0.2 % of from Properties 489 last available month and for sale down as 8.6 of July % from was 536490 in , July up 0.2 of % last from year 489 . July last 2017 month Inventory and down was 8.6 at % from a mid level 700 536 compared in July of with last July year . of July 2016 2017 and Inventory 2015 . was at a mid 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 5.2 a 200
higher months MSI was is better at a mid for level buyers compared . The July with 2017 July MSI of of 2016 5.2 and 2015 months was at a mid level compared with July of 2016 and 2015 .
100 . 0
350
300
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 )
10.0
600
10.0
8.0
500
8.0
400
300
6.0
6.0
4.0
200
4.0
100
2.0
2.0
613 599
613 564
599 528
564 486
528
509 486 487
509
499 487 483
499 479
483
477 479
483 463
477 445
483 427
463 382
445
384 415
427
382 462
384 498
415 509
518 462
527 498
536 509
506 518
447 527
436 536
425 506 399 447
435 436
440 425 455 399 463 435
445 440 489 455 490
463
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
445 489 490
0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
98 | 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 .