FL ARCHIVED May 2018 | Page 194

Market Action Report May 2018

WESTON

City : Weston

Community Information | School District
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
$ 1,499,000
-3%
-6%
Average List Price of all Current Listings
$ 1,918,332
-3%
-9%
May Median Sales Price
$ 1,200,000
8 %
0 %
3 %
-15%
$ 1,200,000
-19%
-15%
May Average Sales Price
$ 1,200,000
8 %
-15% -11% -23%
$ 1,419,025
-12%
-9%
Total Properties Currently for Sale ( Inventory )
77
-1%
5 %
May Number of Properties Sold
1 -50%
-86%
14
-30%
May Average Days on Market ( Solds )
8 -96% -89% -93% -94%
90
-34%
-38%
Asking Price per Square Foot ( based on New Listings )
$ 232
-7%
-9% -38% -17%
$ 257
-10%
-8%
May Sold Price per Square Foot
$ 218
0 %
-4%
-5%
$ 217
-9%
-6%
May Month ' s Supply of Inventory
77.0
97 %
26 % 638 % 226 %
42.4
72 %
80 %
May Sale Price vs List Price Ratio
90.6 %
. 0 % -1.6% -3.0% 2.6 %
92.1 %
3 %
4 %
* 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 1 , down 85.7 % from 7 in May of 2017 and 50.0 % lower than the 2 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and 2016 . Property May YTD sales Sales of 14 are running 30.0 % behind last year ' s yearto-date Property sales of sales 20 . were 1 , down 85.7 % from 7 in May of 2017
May and 50.0 % lower than the 2 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and 2016 . May YTD sales of 14 are running 30.0 % behind last year ' s yearto-date sales of 20 .
Prices The Median Sales Price in May was $ 1,200,000 , up 2.6 % from $ 1,170,000 in May of 2017 and up 7.9 % from $ 1,112,500 last month . The Average Sales Price in May was $ 1,200,000 , down
Prices 10.6 % from $ 1,342,857 in May of 2017 and up 7.9 % from The $ 1,112,500 Median last Sales month Price . in May May 2018 was ASP $ 1,200,000 was at the , up lowest 2.6 % level from $ compared 1,170,000 to in May of 2017 and 2016 up 7.9 . % from $ 1,112,500 last month . The Average Sales Price in May was $ 1,200,000 , down 10.6 % from $ 1,342,857 in May of 2017 and up 7.9 % from $ 1,112,500 last month . May 2018 ASP was at the lowest level compared to May of 2017 and 2016 .
7
Number of Properties Sold
3 Mo Avg
6
8
5
7
4
6
3
5
2
4
1
3
0
2
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
1
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
2,400
15
16
17
18
2,200
Median Sales Price and Average Sales Price
4
2,000 2,400 1,800 2,200 1,600 2,000 1,400 1,800 1,200 1,600 1,000 1,400
1,200
Inventory & MSI
The Total Inventory of Properties available for sale as of May was 77 , down 1.3 % from 78 last month and up 5.5 % from 73 in
1,000
90
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
90.0
May of last year . May 2018 Inventory was at its highest level
80
80.0
Inventory compared with & MSI May of 2017 and 2016 .
70
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
The Total Inventory of Properties available for sale as of May
60
60.0
was 77 , down 1.3 % from 78 last month and up 5.5 % from 73 in
90
50
50.0
90.0
May of last year . May 2018 Inventory was at its highest level
80
40
40.0
80.0
compared
A comparatively with May lower of 2017 MSI and is more 2016 beneficial . for sellers while a
70
30
30.0
70.0
higher MSI is better for buyers . The May 2018 MSI of 77.0
60
20
20.0
60.0
months was at its highest level compared with May of 2017 and
50
10
10.0
50.0
2016 .
400
40.0
A comparatively lower MSI is more beneficial for sellers while a
30
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
30.0
higher MSI is better for buyers . The May 2018 MSI of 77.0
20
15
16
17
18
20.0
months was at its highest level compared with May of 2017 and
10
10.0
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 .
65 7 59
3 55
Agent Name 98 | coldwellbankerluxury . com
8
65
Title Phone Website Other
7 50
6 54
1 61
3 58
2 61
2 62
1 63
5
66 4
71
Number of Properties Sold
7
73
77 1 4
75
75 4 3 1
68 68 67 2 3
73
74 2 2
77
79 6 7
73
73 7 4 5
67 67 67
0 71
1 5 6 4
68 65 68 66 68 6 1
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
59
55 50 54 61 58 61 62 63 66 71 73 77 75 75
68 68 67 73 74 77 79 73 73 67 67 67 71 68 65 68 66 68
78
3 Mo Avg
77
78
77 2 1
4 7 3 7 6 1 3 2 2 1 5 4 7 1 4 4 3 1 2 3 2 2 6 7 7 4 5 0 1 5 6 4 6 1 2 1