FL ARCHIVED May 2018 | Page 30

Market Action Report
May 2018
Title
Phone
Website
Other
3 Mo Avg
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
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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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30
A comparatively lower MSI is more beneficial for sellers while a 10
higher MSI is better for buyers. The May 2018 MSI of 8.3
months was at a mid level compared with May of 2017 and 2016. 5
0
10.0
25.0
20.0
35.0
15.0
30.0
25.0
15 0
20 5
10
25
20
35
15
30
30.0
Total Inventory & Month's Supply of Inventory (MSI)
25
0
Total Inventory & Month's Supply of Inventory (MSI)
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16
17
18
35.0
5
1,000
10
15
25
The Total Inventory of Properties available for sale as of May
was 25, equal to 25 last month and up 4.2% from 24 in May of
last year. May 2018 Inventory was at its highest level compared
Inventory
& MSI
with May of 2017
and 2016.
The Total Inventory of Properties available for sale as of May
was 25, equal to 25 last month and up 4.2% from 24 in May of
last year. May 2018 Inventory was at its highest level compared
A comparatively
lower
MSI is more beneficial for sellers while a
with
May of 2017 and
2016.
higher MSI is better for buyers. The May 2018 MSI of 8.3
months was at a mid level compared with May of 2017 and 2016.
Inventory & MSI
30
35
20
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1,500
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 7, up 250.0% from 2 last month and up 133.3%
from 3 in May of last year.
1,000
2,000
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1,500
2,500
0%
2,000
3,000
20%
3 Mo Avg
3,500
2,500
40%
60%
3 Mo Avg
Median Sales Price and Average Sales Price
3,000
80%
Median Sales Price and Average Sales Price
89.4%
3 Mo Avg
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3,500
90.2%
0
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18
100%
Prices
The Median Sales Price in May was $1,185,000, down 8.7%
from $1,297,500 in May of 2017 and down 1.3% from
$1,200,000 last month. The Average Sales Price in May was
Prices
$1,453,333, down 6.4% from $1,553,125 in May of 2017 and up
The
Median
Sales Price last
in May
was $1,185,000,
down
4.5%
from $1,391,268
month.
May 2018 ASP
was 8.7%
at a mid
from
$1,297,500
and 2016.
down 1.3% from
range
compared in
to May
May of
of 2017
2017 and
$1,200,000 last month. The Average Sales Price in May was
$1,453,333, down 6.4% from $1,553,125 in May of 2017 and up
4.5% from $1,391,268 last month. May 2018 ASP was at a mid
range compared to May of 2017 and 2016.
120%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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 89.4% was down from 98.5% last month and down from
90.2% in May of last year.
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18
100
150
200
250
300
319
291
350
Trending versus*:
Prior YTD Prior Year
8
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
May Property sales were 3, down 25.0% from 4 in May of 2017
7
and 57.1% lower than the 7 sales last month. May 2018 sales
3 Mo Avg
Number of Properties Sold
were at a mid level compared to May of 2017 and 2016. May
6
Property
Sales
YTD sales of
18 are running 100.0% ahead of last year's year-to- 8
May
sales were 3, down 25.0% from 4 in May of 2017
date Property
sales of 9.
5
7
and 57.1% lower than the 7 sales last month. May 2018 sales
4
were at a mid level compared to May of 2017 and 2016. May
6
YTD sales of 18 are running 100.0% ahead of last year's year-to-
3
date sales of 9.
5
2
4
1
3
0
2
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3 Mo Avg
400
Selling Price per Square Foot
Selling Price per Square Foot
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0
118
100
200
386
400
500
600
YTD
Trending versus*:
$2,111,080 2% Trending versus*:
-5%
Month -1%
LM -23%
L3M PYM
LY
YTD
Prior
YTD Prior
Year
$1,185,000
-9% -7%
$1,518,750
10%
19%
$1,850,000
$1,453,333 9%
4% -13% -10%
-6% -5% $1,648,965
12%
7%
$2,111,080
-5%
25 2%
0%
4%
$1,185,000 3 -57%
-1% -23% -25%
-9% -7% $1,518,750
10%
19%
18 100%
May
Average
Sales
Price
$1,453,333
4%
-13%
-6%
-5%
$1,648,965
12%
7%
May Average Days on Market (Solds)
37 -63% -60% -84% -69%
88 -28%
-27%
Total
Properties
Currently
for
Sale
(Inventory)
25
0%
4%
Asking Price per Square Foot (based on New Listings)
$634 -18% 2% -11% 18%
$605
-6%
12%
May
of Properties
18 100%
May Number
Sold Price
per Square Sold
Foot
$544 3 -57%
-0% 7% -25%
19% 17%
$499
5%
8%
May
on of
Market
(Solds)
37 -63%
88 -38%
-28%
-27%
May Average
Month's Days
Supply
Inventory
8.3
133% -60%
26% -84%
39% -69%
-28%
10.2
-12%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$634 -18%
2% -11%
18%
$605
-6%
12%
May Sale
Price
List Price
111.8%
26.5% 19.9%
38.5% 26.8%
93.1%
7%
6%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $544 -0% 7% 19% 17%
$499
5%
8%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
8.3 133% 26% 39%
-28%
10.2
-38%
-12%
Number of Properties Sold
May
Sale Price
vs List Price Ratio
111.8% 26.5% 19.9% 38.5% 26.8%
93.1%
7%
6%
Property
Sales
700
300
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 $319 was down
7.6% from $345 last month and up 9.8% from 29 1 in May of last
year.
May 2018
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
800
900
1,000
-100
Agent Name
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 9%
$1,850,000
-10%
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 386, up 672.0% from 50
days last month and up 227.1% from 118 days in May of last year.
The May 2018 DOM was at a mid level compared with May of
2017 and 2016.
City: St Pete
Beach BEACH
ST.
Market PETE
Action Report
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
May 2018
City: St Pete Information
Beach
Community
| School District
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
City: Palm Harbor
PALM
HARBOR
Agent Name
5.0
20.0
0.0
15.0
10.0
5.0
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, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estate ac
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
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.
15
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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 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.
30 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury ® | 31
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 REA
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.