FL ARCHIVED May 2018 | Page 50

Market Action Report
May 2018
City: Bradenton
BRADENTON
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%
$1,499,750
-3%
City: Bradenton
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
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 495, up 292.9% from 126
days last month and up 94.1% from 255 days in May of last year.
The May 2018 DOM was at a mid level compared with May of
2017 and 2016.
255
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 $345 was up
31.2% from $263 last month and up 18.3% from 292 in May of
last year.
3 Mo Avg
550
500
450
385
400
345
350
292
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
Median Sales Price and Average Sales Price
2,200
2,600
2,000
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
2
3 Mo Avg
2,400
1,800
2,200
1,600
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
94.2%
100%
89.2%
76.4%
80%
60%
40%
20%
2,000
1,400
1,800
1,200
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
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
40.0
70.0 40
30.0
60.0 30
20.0
50.0 20
10.0
40.0 10
0.0
30.0 0
20.0
10.0
0.0
50
60
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
50.0
70
60.0
Total Inventory & Month's Supply of Inventory (MSI)
80
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
70.0
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 6, down 25.0% from 8 last month and down
57.1% from 14 in May of last year.
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
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
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 76.4% was down from 88.4% last month and down from
89.2% in May of last year.
200
1,200
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
300
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
2,600
15
16
17
18
2,400
80
70
60
50
80
40
70
30
60
20
50
10
40
0
30
20
10
0
407
400
250
1,400
Inventory & MSI
495
500
0
1,600
1,000
The Total Inventory of Properties available for sale as of May
was 60, equal to 60 last month and down 10.4% from 67 in May
of last year. May 2018 Inventory was at a mid level compared
Inventory
& MSI
with May of 2017
and 2016.
The Total Inventory of Properties available for sale as of May
was 60, equal to 60 last month and down 10.4% from 67 in May
of last year. May 2018 Inventory was at a mid 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 10.0
months was at its lowest level compared with May of 2017 and
2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The May 2018 MSI of 10.0
months was at its lowest level compared with May of 2017 and
2016.
600
300
0
3 Mo Avg
700
100
Number of Properties Sold
Prices
The Median Sales Price in May was $1,267,500, up 2.6% from
$1,235,000 in May of 2017 and down 2.5% from $1,300,000
last month. The Average Sales Price in May was $1,295,000, up
Prices
4.4% from $1,240,679 in May of 2017 and down 0.1% from
The
Median last
Sales
Price in May
May 2018
was ASP
$1,267,500,
up highest
2.6% from
$1,296,143
month.
was at the
level
$1,235,000
in May
May of
of 2017
2017 and
and 2016.
down 2.5% from $1,300,000
compared to
last month. The Average Sales Price in May was $1,295,000, up
4.4% from $1,240,679 in May of 2017 and down 0.1% from
$1,296,143 last month. May 2018 ASP was at the highest level
compared to May of 2017 and 2016.
Title
Phone
Website
Other
200
9
1
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
7
9
6
8
5
7
4
6
3
5
2
4
1
3
0
2
City: Bradenton
BRADENTON
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
$1,840,847 0% Trending versus*:
-4%
Month -3%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$1,267,500
5% PYM
3% 1%
$1,170,820
-6%
-6%
$1,499,750
0% -1% -3%
$1,295,000 -0%
4% -10% $1,308,109
-2%
-9%
$1,840,847
-4%
60 0%
0%
-10%
$1,267,500 6 -14%
-3% 5% 3%
-6%
-6%
0% 1% $1,170,820
23
64%
$1,295,000
-0%
-1%
4%
-10%
$1,308,109
-2%
-9%
495 293% 97% 94% 124%
277
13%
25%
Total
Properties
Currently
for
Sale
(Inventory)
60
0%
-10%
Asking Price per Square Foot (based on New Listings)
$341 -22% -15% -9% -12%
$402
4%
3%
May
of Properties
0% 10%
23
64%
May Number
Sold Price
per Square Sold
Foot
$345 6 -14%
31% 14% 18%
$310
4%
-1%
May
on of
Market
(Solds)
495 293%
97% -10%
94% 124%
277 -53%
13%
25%
May Average
Month's Days
Supply
Inventory
10.0
17% -21%
-63%
15.0
-45%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$341
-22%
-15%
-9%
-12%
$402
4%
3%
May Sale Price vs List Price Ratio
76.4% -13.6% -9.6% -14.3% -13.6%
84.2%
-3%
-5%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $345 31% 14% 18% 10%
$310
4%
-1%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
10.0 17% -21% -10%
-63% of Properties
15.0 Sold
-53%
-45%
Number
May
Sale Price
vs List Price Ratio
76.4% -13.6% -9.6% -14.3% -13.6%
84.2%
-3%
-5%
Property
Sales
8
May 2018
Community Information | School District
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
May
May Average
Average Sales
Days Price
on Market (Solds)
May Property sales were 6, equal to 6 in May of 2017 and 14.3%
lower than the 7 sales last month. May 2018 sales were at their
highest level compared to May of 2017 and 2016. May YTD
Property
Sales
sales of 23 are
running 64.3% ahead of last year's year-to-date
May
sales Property
of 14. sales were 6, equal to 6 in May of 2017 and 14.3%
lower than the 7 sales last month. May 2018 sales were at their
highest level compared to May of 2017 and 2016. May YTD
sales of 23 are running 64.3% ahead of last year's year-to-date
sales of 14.
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
15
16
17
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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.
50 | 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 ® | 51
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 an d all information relevant to such consumer’s real estate transaction.