FL ARCHIVED March 2018 | Page 74

March 2018
Naples
County: Lee
Agent Name
Title
Phone
Website
Other
County: Lee
108
102
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
84
80
60 Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
40 March Average Sales Price
March
Sales
Price
March Median
Number
of Properties
Sold
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
20
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
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
15
16
17
18
Selling Price per Square Foot
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
3 Mo Avg
283
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
274
March Property sales were 1,832, down 6.9% from 1,967 in
March of 2017 and 37.4% higher than the 1,333 sales last month.
Property
Sales
March 2018
sales were at a mid level compared to March of 2,500 2,000
March
Property
were YTD
1,832,
down
6.9% from
1,967 in 0.9%
2017 and
2016. sales
March
sales
of 4,429
are running
March
37.4%
higher than
the of
1,333
sales last month.
ahead of of 2017
last and
year's
year-to-date
sales
4,388.
1,500
March 2018 sales were at a mid level compared to March of
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.
Prices
93.1%
93%
92.5%
91%
90%
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
150
3,000
4,000
5,000
300
200
7,000
6,000
Inventory & MSI
15
250
Inventory / New Listings / Sales
Inventory / New Listings / Sales
16
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
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
The Median Sales Price in March was $242,000, up 3.0% from
400
Prices
$234,900 in March of 2017 and up 5.2% from $230,000 last
The
Median
Sales
Price Sales
in March
was
3.0% from down
month.
The
Average
Price
in $242,000,
March was up
$332,607,
400 350
$234,900
in March
of 2017
and up
$230,000
last
0.8% from
$335,265
in March
of 5.2%
2017 from
and up
2.9% from
month.
The last
Average
Sales
Price 2018
in March
down
$323,302
month.
March
ASP was
was $332,607,
at a mid range
350 300
0.8%
from $335,265
of 2017
and up 2.9% from
compared
to March in of March
2017 and
2016.
$323,302 last month. March 2018 ASP was at a mid range
compared to March of 2017 and 2016.
89%
0
95%
0
500
92%
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 1,377, down 0.6% from 1,385 last month and
up 0.3% from 1,373 in March of last year.
1,500 1,000
3 Mo Avg
93.8%
3 Mo Avg
2,000
Selling Price versus Listing Price Ratio
94%
3 Mo Avg
1,000 500
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
-5%
4%
6%
12%
0%
Number of Properties Sold
248
Selling Price vs Original Listings Price
3%
8%
2,500
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
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 93.1% was down from 93.4% last month and up
from 92.5% in March of last year.
$176 3% 2% 1% 5%
$177
4%
6%
5.5 -24% -17% 14% -7%
6.7
-3%
12%
of 94.0%
Properties
94.1% .1% .0% .1% Number
.3%
0% Sold 0%
March Month's Supply of Inventory
300
290
280
270
260
250
240
230
220
210
200
Trending versus*:
Prior YTD Prior Year
YTD
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $283 was down
3.3% from $292 last month and up 3.3% from 274 in March of
last year.
March Average Days on Market (Solds)
Selling Price per Square Foot
Trending versus*:
L3M PYM
LY
$309,000
-0%
-0%
Other
$488,772 Trending
-1% versus*: 0%
Trending versus*:
Month
LM 5%
L3M 4%
PYM 3%
LY
Prior YTD 2%
Prior Year
$242,000
6% YTD
$235,000
$309,000
-0% 3% 2%
-0% -1% 6%
$332,607
$337,112
5%
$488,772
-1% 5%
0% 6%
10,150
$242,000 1,832
5% 37%
4% 3% -7%
6%
$235,000 4,429
2%
1% 3%
$332,607 3%
2%
-1%
6%
$337,112
5%
80 -4% -2% -6% -6%
81
-7% 8%
10,150 5%
6%
$191 -2% -4% 4% 2%
$195
4%
1,832 37%
-7%
4,429
1%
$176 3% 2% 1% 5%
$177
4%
80 -4% -2% -6% -6%
81
-7%
-5%
5.5 -24% -17% 14% -7%
6.7
-3%
$191 -2% -4% 4% 2%
$195
4%
4%
94.1% .1% .0% .1% .3%
94.0%
0%
Average List Price of all Current Listings
100
LM
120
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 108, down 0.9% from
109 days last month and up 5.9% from 102 days in March of last
year. Th e March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
Phone
Month
Website
3 Mo Avg
140
March 2018
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Agent Name
Market Action Report
Community Information | School District
March 2018
Lee County
City: Naples
Market Action Report
Market Action Report
17
Median Sales Price and Average Sales Price
3 Mo Avg
18
3 Mo Avg
250
200
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
18
16 A M J J A S O N D J F M 17
A M 15 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
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
12,000
was Total
10,150,
up 5.0%
from 9,666 available
last month
and as
up of 6.4%
from
The
Inventory
of Properties
for sale
March
12,000
9,543
in
March
of
last
year.
March
2018
Inventory
was
at
its
was 10,150, up 5.0% from 9,666 last month and up 6.4% from
10,000
9,543
in March
of last year.
March
2018
at its
highest
level compared
with
March
of Inventory
2017 and was
2016.
10,000
8,000
highest level compared with March of 2017 and 2016.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
9.0
8.0
9.0
2,000
8.0
7.0
7.0
6.0
1,000
8,000
6.0
5.0
6,000
0
5.0
4.0
6,000
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
4.0
4,000
3.0
A comparatively lower MSI is more beneficial for sellers while a
15
16
17
18
4,000
3.0
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
2.0
MSI is better
for buyers.
March for
2018
MSI
of 5.5
2,000
2.0
higher
MSI
is better
for buyers.
March 2018
of 5.5
1.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
months
was
at its highest
level The
compared
with MSI
March
of 2017 2,000
1.0
months
was at its highest level compared with March of 2017
0.0
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 Association of REALTORS, Flagler County Association
of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, 0 Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estate activity.
and 2016.
0
0.0
and 2016.
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.
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
74 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
c o l dw el l b a n k er h o m es . c o m
| 75
C
Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
Fort Fort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.