FL ARCHIVED May 2018 | Page 36

Market Action Report May 2018 City: Tarpon Springs SPRINGS TARPON Agent Name Title Phone Website Other Market Profile & Trends Overview Price Range: $1,000,000 and Up of | Properties: SFH - Con Median List Price all Current Listings 4 * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date May Property sales were 0, up from 0 in May of 2017 and higher than the 0 sales last month. May 2018 sales were at their 3 highest level compared to May of 2017 and 2016. May YTD Property Sales 4 3 sales of 0 are running 100.0% behind last year's year-to-date May sales were 0, up from 0 in May of 2017 and sales Property of 5. higher than the 0 sales last month. May 2018 sales were at their 3 2 highest level compared to May of 2017 and 2016. May YTD 3 2 sales of 0 are running 100.0% behind last year's year-to-date sales of 5. 2 1 150 73.8% 80% 60% 40% 20% 0% 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 2, down 33.3% from 3 last month and down 33.3% from 3 in May of last year. Median Sales Price and Average Sales Price 3 Mo Avg 1,800 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 1,700 Median Sales Price and Average Sales Price 1,600 1,800 1,500 3 Mo Avg 1,700 1,400 1,600 1,300 1,500 1,200 1,400 1,100 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 1,200 Inventory / New Listings / Sales 1,100 25 0 1,300 1,000 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 Inventory / New Listings / Sales 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 Prices The Median Sales Price in May was $0, up from $0 in May of 2017 and up from $0 last month. The Average Sales Price in May was $0, up from $0 in May of 2017 and up from $0 last Prices month. May 2018 ASP was at the highest level compared to The Price in May was $0, up from $0 in May of May Median of 2017 Sales and 2016. 2017 and up from $0 last month. The Average Sales Price in May was $0, up from $0 in May of 2017 and up from $0 last month. May 2018 ASP was at the highest level compared to May of 2017 and 2016. 100% 3 Mo Avg -1 1 Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 1 0 3 Mo Avg Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price 3 Mo Avg 2 1 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 18 200 256 250 300 Trending versus*: Prior YTD Prior Year Number of Properties Sold 350 400 450 3 Mo Avg Selling Price per Square Foot 500 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 0 150 200 YTD Trending versus*: -4% Trending versus*: 4% LM -100% L3M PYM -100% LY YTD Prior YTD Prior Year $1,390,000 32% 26% -3% 0% 2% -100% $0 -100% -100% -4% 4% 7% 59% -100% -100% $1,390,000 0 -100% 32% 26% 0% -100% $0 -100% -100% 0% -100% 0 -100% -100% 7% -3% 59% -21% 9% -27% $427 14% -2% -100% 0% -100% $0 0 -100% -100% 0 -100% -100% -100% 0% 0% 0% 0% -100% -100% 0.0 -100% -21% -3% 9% -27% $427 14% -2% .0% -100.0% 0.0% -100% -100% 0% -100% $0 -100% -100% 0% 0% 0% -100% of Properties 0.0 Sold -100% -100% Number .0% -100.0% 0.0% -100% -100% 250 Selling Price per Square Foot $1,919,041 Month $0 $1,412,500 $0 $1,919,041 46 $0 0 May $0 0 May Average Average Sales Days Price on Market (Solds) Total Properties Currently for Sale (Inventory) 46 Asking Price per Square Foot (based on New Listings) $320 May Number of Properties Sold May Sold Price per Square Foot $0 0 May Average Days on Market (Solds) 0 May Month's Supply of Inventory 0.0 Asking Price per Square Foot (based on New Listings) $320 May Sale Price vs List Price Ratio 0.0% May Sold Price per 3 Square Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $0 * LM=Last Month / L3M=Last Months / PYM=Same May Month's Supply of Inventory 0.0 May Sale Price vs List Price Ratio 0.0% Property Sales 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 293 300 350 50 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 0.0% was down from 84.4% last month and up from 0.0% in May of last year. May 2018 Title Phone Name Agent Website Title Other Phone Trending versus*: Website LM L3M PYM LY Month Other -3% $1,412,500 2% 3 Mo Avg 100 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 in