FL ARCHIVED March 2018 | Page 148

Market Action Report March 2018 Title Market Action Report March 2018 Phone Community Information | School District Agent Name

County : Lee

Lee County

Agent Name

Market Action Report March 2018 Title Market Action Report March 2018 Phone Community Information | School District Agent Name

County : Lee

Website Price Range : All | Properties : SFH - Con
TitleOther
Phone Trending versus *: Trending versus *: Market Profile & Trends Overview Website Month LM L3M PYM LY YTD Prior YTD Prior Year Median List Price of all Current Listings $
Price Range : All | Properties : SFH - Con
Other 309,000 -0% -0% Average List Price of all Current Listings $ 488,772 Trending -1% versus *: 0 %
Trending versus *: March Median Sales Price $ 242,000 5 % 4 % 3 % 6 % $ 235,000 2 % 3 % March Average Sales Price $ 309,000 $ 332,607 3 % 2 % -1% 6 % $ 337,112 5 % 8 % Total Properties Currently for Sale ( Inventory ) $ 488,772 10,150 5 % 6 % March Number of Properties Sold
$ 242,0001,832 37 % -7% $ 235,000 4,429 1 %
$ 332,607
$ 337,112 March Average Days on Market ( Solds ) 80 -4% -2% -6% -6% 81 -7% -5%
10,150 Asking Price per Square Foot ( based on New Listings ) $ 191 -2% -4% 4 % 2 % $ 195 4 % 4 % 1,832
4,429 March Sold Price per Square Foot $ 176 3 % 2 % 1 % 5 % $ 177 4 % 6 % 80
81 March Month ' s Supply of Inventory 5.5 -24% -17% 14 % -7% 6.7 -3% 12 %
$ 191
$ 195 March Sale Price vs List Price Ratio 94.1 % . 1 % . 0 % . 1 % . 3 % 94.0 % 0 % 0 % $ 176
$ 177
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
5.5 6.7
94.1 % Number of 94.0 Properties % Sold
* LM Property = Last Month / L3M Sales = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
2,500 March Property sales were 1,832 , down 6.9 % from 1,967 in
Number of Properties Sold
March of 2017 and 37.4 % higher than the 1,333 sales last month . Property March 2018 Sales sales were at a mid level compared to March of 2,5002,000
March 2017 and Property 2016 sales . March were YTD 1,832 sales , down of 4,429 6.9 % from are running 1,967 0.9 % March ahead of of 2017 last and year 37.4 ' s year-to-date % higher than sales the of 1,333 4,388 sales . last month . March 2018 sales were at a mid level compared to March of 2,0001,500 2017 and 2016 . March YTD sales of 4,429 are running 0.9 % ahead of last year ' s year-to-date sales of 4,388 .
1,5001,000
3 Mo Avg
3 Mo Avg
1,000 500
500
0
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
0
15
16
17
18
Prices
The Median Sales Price in March was $ 242,000 , up 3.0 % from
Prices
$ 234,900 in March of 2017 and up 5.2 % from $ 230,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 242,000 was , up $ 332,607 3.0 % from , down
400
$
0.8 234,900 % from in March $ 335,265 of 2017 in March and up of 5.2 2017 % from and up $ 230,000 2.9 % from last
A
M J
15
400
350
J
A S O N
DMedian
J
F M A Sales M J
J Price
A S O and N D Average
J
F M A MSales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 323,302 . The last Average month Sales . March Price 2018 in March ASP was was $ 332,607 at a mid , range down
0.8 compared % from $ to 335,265 March in of March 2017 and of 2017 2016 and . up 2.9 % from
350
300
$ 323,302 last month . March 2018 ASP was at a mid range
compared to March of 2017 and 2016 .
300
250
250
200
2,040 1,870 1,910 1,723
2,040 1,870 1,910 1,723 1,466 1,496 1,443 1,158 1,562 1,147 1,172 1,631 1,814 1,798 1,661 1,442 1,510 1,372 1,294 1,311 1,469 1,193 1,228 1,967 1,737 1,905 1,757 1,457 1,543 972 1,205 1,160 1,497 1,264 1,333 1,832
7,639 7,097 6,692 6,404 6,212 6,276
1,466
200 150
150 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
15 J J A S O N D J F M
16 A M J J A S O N D J F M
17 A M J J A S O N D J F M
18
15 16
17 18
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 10,150 Inventory , up 5.0 of % Properties from 9,666 available last month for sale and as up of 6.4 March % from 12,000
9.0 was 9,543 10,150 in March , up 5.0 of % last from year 9,666 . March last month 2018 and Inventory up 6.4 % was from at its 12,000
9.0 8.0 10,000
9,543 highest in March level compared of last year with . March March 2018 of Inventory 2017 and was 2016 at . its
8.0 7.0 10,000 highest level compared with March of 2017 and 2016 . 8,000
7.0 6.0
8,000
6.0 5.0 6,000
5.0 6,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 3.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 3.0 higher MSI is better for buyers . The March 2018 MSI of 5.5 2.0 higher MSI is better for buyers . The March 2018 MSI of 5.5 2,000
2.0 months was at its highest level compared with March of 2017 2,000
1.0 months was at its highest level compared with March of 2017
1.0 and 2016 .
0 0.0 and 2016 . 0
0.0 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 A S O N D J F M 15
16 17
18 15
16 17
18
1,496 1,443
7,639 7,097 6,692 6,404 6,212 6,276 6,696
6,696 7,172 7,304
1,158
8,230
1,562 1,147 1,172
8,876 8,899 8,603 8,197
7,172 7,304
1,631 1,814 1,798 1,661 1,442 1,510
8,230 8,876 8,899 8,603 8,197 7,849 7,565 7,399 7,555
1,372
7,849 7,565 7,399 7,555 7,984 8,433 8,589
1,294 1,311 1,469 1,193 1,228 1,967 1,737 1,905
7,984 9,462
8,433 9,785 9,543 8,986 8,488 8,070 7,697 7,445 7,286
1,757
8,589 9,462 9,785 9,543 8,986 8,488 8,070 7,697
1,457
7,720 8,158 8,266 1,543 972 1,205 10,150
7,445
7,286 9,150 7,720 9,666 8,158
1,160 1,497
8,266 9,150
1,264 1,333
9,666 10,150
1,832
Copyright
Copyright © Coldwell
© Coldwell Banker
Banker Residential
Residential Real
Real Estate
Estate / Coldwell
/ Coldwell Banker
Banker United
United , Realtors
, Realtors | Price
| Range
Price
:
Range All |
: Property
All | Property Types : SFH
Types - Con
: SFH - Con
Data Data is is provided provided courtesy courtesy of Greater of Greater Fort Fort Lauderdale Lauderdale REALTORS REALTORS , REALTOR , REALTOR Association Association of Martin of Martin County , County Miami , Association Miami Association of REALTORS of REALTORS , My Florida , My Regional Florida MLS Regional , Naples MLS Area , Naples Board Area of REALTORS Board of , REALTORS REALTORS , Association REALTORS of Association the Palm Beaches of the , Palm Space Beaches Coast Association , Space Coast of REAL Asso does does not not warrant warrant or guarantee or guarantee the the accuracy accuracy of this of information this information . It is . the It is responsibility the responsibility of any of buyer any or buyer seller or to seller verify to any verify and any all information and all information relevant to relevant such consumer to such ’ consumer s real estate ’ s real transaction estate . transaction .
c o l d w e l l b a n k e r h o m e s . c o m | 75