FL ARCHIVED May 2018 | Page 178

Market Action Report May 2018 Agent Name

FORT City : Fort LAUDERDALE Lauderdale / FORT LAUDERDALE BEACH

Price Range : $ 1,000,000 and Up | 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
$ 2,020,000
1 %
3 %
Average List Price of all Current Listings
$ 3,306,621
1 %
8 %
May Median Sales Price
$ 1,150,000
0 %
-23% -21% -24%
$ 1,437,500
-1%
-5%
May Average Sales Price
$ 1,750,000
36 %
9 %
-16% -11%
$ 1,590,233
-20%
-19%
Total Properties Currently for Sale ( Inventory )
596
-2%
5 %
May Number of Properties Sold
6
100 %
-79%
30
-78%
May Average Days on Market ( Solds )
82
-5% -28% -47% -50%
111
-32%
-33%
Asking Price per Square Foot ( based on New Listings )
$ 647
-27%
4 %
19 %
-3%
$ 609
1 %
-9%
May Sold Price per Square Foot
$ 1,041
145 % 86 % 111 % 91 %
$ 557
5 %
2 %
May Month ' s Supply of Inventory
99.3 -51% -18% 406 % 85 %
116.2
409 %
117 %
May Sale Price vs List Price Ratio
93.4 % -1.6% 1.3 % 4.0 % 3.0 %
91.7 %
3 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales May Property sales were 6 , down 79.3 % from 29 in May of 2017 and 100.0 % higher than the 3 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and 2016 . Property May YTD sales Sales of 30 are running 77.8 % behind last year ' s yearto-date Property sales of sales 135 were . 6 , down 79.3 % from 29 in May of 2017
May and 100.0 % higher than the 3 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and 2016 . May YTD sales of 30 are running 77.8 % behind last year ' s yearto-date sales of 135 .
Prices The Median Sales Price in May was $ 1,150,000 , down 20.7 % from $ 1,450,000 in May of 2017 and equal to $ 1,150,000 last month . The Average Sales Price in May was $ 1,750,000 , down
Prices 16.5 % from $ 2,095,632 in May of 2017 and up 36.4 % from The $ 1,283,333 Median Sales last month Price . in May May 2018 was ASP $ 1,150,000 was at the , down lowest 20.7 level % from compared $ 1,450,000 to May in of May 2017 of and 2017 2016 and . equal to $ 1,150,000 last month . The Average Sales Price in May was $ 1,750,000 , down 16.5 % from $ 2,095,632 in May of 2017 and up 36.4 % from $ 1,283,333 last month . May 2018 ASP was at the lowest level compared to May of 2017 and 2016 .
50
45
40
Number of Properties Sold
3 Mo Avg
50
35
45
30
40
25
35
20
30
15
25
10
205
150
10
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
5
15
16
17
18
0
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
2,70015
16
17
18
2,500
2,300
Median Sales Price and Average Sales Price
3 Mo Avg
2,700 2,100
2,500 1,900
2,300 1,700
2,100 1,500
1,900 1,300
1,700 1,100 1,500 1,300
28 28 34
Title Phone Website Other
Community Information | School District
33 28 21 34 24
Inventory & MSI
The Total Inventory of Properties available for sale as of May was 596 , down 1.7 % from 606 last month and up 4.7 % from 569
1,100
700
J
15
J
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
16
17
18
250.0
in May of last year . May 2018 Inventory was at its highest level
Inventory compared with & MSI May of 2017 and 2016 .
The Total Inventory of Properties available for sale as of May was 596 , down 1.7 % from 606 last month and up 4.7 % from 569
600
500
700
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
200.0
150.0
250.0
in May of last year . May 2018 Inventory was at its highest level compared
A comparatively with May lower of 2017 MSI and is more 2016 beneficial . for sellers while a higher MSI is better for buyers . The May 2018 MSI of 99.3 months was at its highest level compared with May of 2017 and
600
300
500
200
400
100
100.0
200.0
50.0
150.0
2016 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 99.3 months was at its highest level compared with May of 2017 and
3000
200
100
J
J A S O N D J
F M A M J
15
16
J A S O N D J
F M A M J
17
J A S O N D J
F M A M
18
0.0
100.0
50.0
2016 .
0
0.0
J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
J A S O N D J
F M A M J
17
J A S O N D J
F M A M
18
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 REAL
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 .
90 | coldwellbankerluxury . com
512 527 533 527 556 586 559
611
25 26 30 32
Number of Properties Sold
36 25 21 18 22 35 33
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
512 527 533 527 556 586 559
611
24 19
658 608 604 584 565 565 563 558 582 580 566 590 590 599 590 569 574 575 562 557 570 571 576 589 604 614 606 596
658 608 604 584 565 565 563 558 582 580 566 590 590 599 590 569 574 575 562 557 570 571 576 589 604 614 606 596
37 26 29 45 28 34 5 5 3 9 5 6
3 Mo Avg
28 28 34 33 28 21 34 24 25 26 30 32 36 25 21 18 22 35 33 24 19 37 26 29 45 28 34 5 5 3 9 5 6
10
10 3 6
3 6