FL ARCHIVED May 2018 | Page 116

Market Action Report
May 2018
City: Pinecrest
PINECREST
Market Action Report
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$2,197,000
-9%
City: Pinecrest
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
$2,586,667
Month
$1,830,000
$2,197,000
0% 13%
$2,185,500 19%
$2,586,667
-1%
176 7%
$1,830,000
13 23%
-7% 7%
May
Average
Sales
Price
$2,185,500
19%
May Average Days on Market (Solds)
221 40% 13%
18%
Total
Properties
Currently
for
Sale
(Inventory)
176
Asking Price per Square Foot (based on New Listings)
$369 7%
8% 4%
May
of Properties
13 -7%
May Number
Sold Price
per Square Sold
Foot
$311
2% -4%
May
Average
Days
on
Market
(Solds)
221
May Month's Supply of Inventory
13.5 40%
15% 18%
7%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$369 -2.1%
8% -1.8%
4%
May Sale
Price
List Price
87.7%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $311 2% -4%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
13.5 15% 7%
May
Sale Price
vs List Price Ratio
87.7% -2.1% -1.8%
Property
Sales
18
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
16
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Market Time
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 May was 221, up 39.9% from 158
days last month and up 29.2% from 171 days in May of last year.
The May 2018 DOM was at a mid level compared with May of
2017 and 2016.
Trending versus*:
Prior
YTD Prior
15%
8% Year
YTD
$1,656,250
-9% 13% $1,896,484
34%
11%
0%
4%
37%
15%
-7% 20% $1,656,250
60
43%
34%
13%
$1,896,484
11%
29% 60%
181
16%
4%
13% 3%
$355
0%
-7 %
60
43%
7% -2%
$321
6%
29%
60%
181 -35%
16%
11% -32%
13.9
13% -.3%
3%
$355
0%
2.5%
88.7%
0%
7% -2%
$321
6%
11%
-32%
13.9
-35%
Number of Properties Sold
2.5% -.3%
88.7%
0%
-2%
8%
-2%
31%
-1%
1%
31%
-30%
-1%
1%
1%
-30%
1%
200
171
136
150
100
0
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
16
17
18
3 Mo Avg
3 Mo Avg
Selling Price per Square Foot
Selling Price per Square Foot
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 May 2018 Selling Price per Square Foot of $311 was up 1.9%
from $306 last month and up 6.8% from 292 in May of last year.
3 Mo Avg
390
370
345
350
330
311
292
4
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
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
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
16
17
18
3,100
Median Sales Price and Average Sales Price
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
16
17
18
250
3 Mo Avg
2,600
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
95%
91.2%
90%
87.7%
85.6%
85%
80%
2,600
1,600
75%
200
180
160
140
120
100
80
60
40
20
0
Inventory / New Listings / Sales
Inventory / New Listings / Sales
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 May 2018 was 39, up 8.3% from 36 last month and up 44.4%
from 27 in May of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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
16
17
18
200
40.0
35.0
Total Inventory & Month's Supply of Inventory (MSI)
150
30.0
25.0
200
40.0
100
20.0
35.0
15.0
150
30.0
50
10.0
25.0
5.0
100
20.0
0
0.0
15.0
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
A comparatively lower MSI is more beneficial for sellers while a
50
10.0
15
16
17
18
higher MSI is better for buyers. The May 2018 MSI of 13.5
5.0
months was at a mid level compared with May of 2017 and 2016.
0
0.0
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
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
16
17
18
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
16
17
18
1,100
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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 May 2018 Selling Price vs Original List
Price of 87.7% was down from 89.6% last month and up from
85.6% in May of last year.
3,100
2,100
1,600
Inventory & MSI
221
50
2,100
1,100
The Total Inventory of Properties available for sale as of May
was 176, up 6.7% from 165 last month and up 3.5% from 170 in
May of last year. May 2018 Inventory was at its highest level
Inventory
& MSI
compared with
May of 2017 and 2016.
The Total Inventory of Properties available for sale as of May
was 176, up 6.7% from 165 last month and up 3.5% from 170 in
May of last year. May 2018 Inventory was at its highest level
A comparatively
lower
MSI and
is more
beneficial for sellers while a
compared
with May
of 2017
2016.
higher MSI is better for buyers. The May 2018 MSI of 13.5
months was at a mid level compared with May of 2017 and 2016.
3 Mo Avg
250
270
0
Title
Phone
Website
Other
290
Prices
The Median Sales Price in May was $1,830,000, up 36.6% from
$1,340,000 in May of 2017 and up 23.2% from $1,485,500 last
month. The Average Sales Price in May was $2,185,500, up
Prices
33.6% from $1,635,500 in May of 2017 and up 18.9% from
The
Median Sales
Price in May
May 2018
was ASP
$1,830,000,
up highest
36.6% from
$1,838,607
last month.
was at the
level
$1,340,000
in May
May of of 2017
2017 and
and 2016.
up 23.2% from $1,485,500 last
compared to
month. The Average Sales Price in May was $2,185,500, up
33.6% from $1,635,500 in May of 2017 and up 18.9% from
$1,838,607 last month. May 2018 ASP was at the highest level
compared to May of 2017 and 2016.
Agent Name
310
2
City: Pinecrest
PINECREST
Price Range: $1,000,000 and Up | Properties: SFH - Con
Number of Properties Sold
14
18
12
16
10
14
8
12
6
10
4
8
2
6
0
4
May Property sales were 13, down 7.1% from 14 in May of 2017
and 7.1% lower than the 14 sales last month. May 2018 sales
were at a mid level compared to May of 2017 and 2016. May
Property
Sales
YTD sales of
60 are running 42.9% ahead of last year's year-to-
May
sales were 13, down 7.1% from 14 in May of 2017
date Property
sales of 42.
and 7.1% lower than the 14 sales last month. May 2018 sales
were at a mid level compared to May of 2017 and 2016. May
YTD sales of 60 are running 42.9% ahead of last year's year-to-
date sales of 42.
May 2018
Community Information | School District
-1% Trending versus*:
0%
LM L3M
LY
23%
7% PYM
37% 20%
Average List Price of all Current Listings
Market
Profile
& Price
Trends Overview
May Median
Sales
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May
Median Sales Price
May Number of Properties Sold
Market Action Report
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
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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 REALT
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.
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, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estat
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.
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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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, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real es
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.