FL ARCHIVED May 2018 | Page 64

Market Action Report May 2018

ST City :. St PETERSBURG

Petersburg

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
$ 1,500,000
0 %
-5%
Average List Price of all Current Listings
$ 1,912,399
3 %
2 %
May Median Sales Price
$ 1,545,000
19 %
15 %
26 %
14 %
$ 1,355,000
12 %
0 %
May Average Sales Price
$ 1,713,125
15 %
11 %
21 %
5 %
$ 1,542,571
4 %
-6%
Total Properties Currently for Sale ( Inventory )
106
-7%
-3%
May Number of Properties Sold
16
33 %
60 %
72
18 %
May Average Days on Market ( Solds )
102
4 %
2 %
-11% -14%
115
26 %
-3%
Asking Price per Square Foot ( based on New Listings )
$ 447
-2%
-4%
-7%
-8%
$ 463
-6%
-5%
May Sold Price per Square Foot
$ 433
-1%
2 %
16 %
-8%
$ 423
-7%
-10%
May Month ' s Supply of Inventory
6.6 -30% -10% -39% -44%
8.3
-25%
-30%
May Sale Price vs List Price Ratio
91.8 %
-. 1 % 1.2 % 3.5 %
-. 8 %
90.2 %
-4%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
10
Agent Name Title Phone Website Other
Number of Properties Sold
Property Sales
25
May Property sales were 16 , up 60.0 % from 10 in May of 2017
and 33.3 % higher than the 12 sales last month . May 2018 sales were at their highest level compared to May of 2017 and 2016 .
Property
May YTD sales Sales of 72 are running 18.0 % ahead of last year ' s yearto-date Property sales of sales 61 . were 16 , up 60.0 % from 10 in May of 2017
May and 33.3 % higher than the 12 sales last month . May 2018 sales
20
25
15
Number of Properties Sold
3 Mo Avg
were at their highest level compared to May of 2017 and 2016 .
20
May YTD sales of 72 are running 18.0 % ahead of last year ' s yearto-date
10
sales of 61 .
15
5
10
0
5
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 $ 1,545,000 , up 26.1 % from
$ 1,225,000 in May of 2017 and up 18.9 % from $ 1,299,500 last
0
J
15
J
Median Sales Price and Average Sales Price
3 Mo Avg
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
month . The Average Sales Price in May was $ 1,713,125 , up
Prices
20.7 % from $ 1,419,150 in May of 2017 and up 15.4 % from
The
$ 1,484,403 Median Sales last month Price . in May 2018 was $ ASP 1,545,000 was at a , up mid 26.1 range % from
$ compared 1,225,000 to in May of of 2017 and and 2016 up 18.9 . % from $ 1,299,500 last
3,000
2,500
Median Sales Price and Average Sales Price
3 Mo Avg
month . The Average Sales Price in May was $ 1,713,125 , up
20.7 % from $ 1,419,150 in May of 2017 and up 15.4 % from
3,000
2,000
$ 1,484,403 last month . May 2018 ASP was at a mid range compared to May of 2017 and 2016 .
2,500
1,500
10 9 4 9 6 7 8 9 7 4 8 3
9 4 9 6 7 8 9 7 4 8 3
14
14 3 17 10 9 5 9 8
3 17 10 9 5 9 8 21 12 10 10 14 18 9
21 12 10 10 14 18 9 13 11 5 7
13 11 5 7 10 14
3 Mo Avg
20 12 16
10 14 20 12 16
2,000 1,000
1,500
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
Inventory & MSI
The Total Inventory of Properties available for sale as of May was 106 , down 7.0 % from 114 last month and down 2.8 % from
1,000
140
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
30.0
109 in May of last year . May 2018 Inventory was at a mid level
Inventory compared with & MSI May of 2017 and 2016 .
The Total Inventory of Properties available for sale as of May was 106 , down 7.0 % from 114 last month and down 2.8 % from
109 in May of last year . May 2018 Inventory was at a mid 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 6.6 months was at its lowest level compared with May of 2017 and
2016 .
120
100
140
80
120
60
100
40
80
20
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
30.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 6.6 months was at its lowest level compared with May of 2017 and
40
20
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
10.0
5.0
2016 .
0
0.0
ORS , 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
15
16
17
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 .
59 59
62 62
56 56
59 59
65 65
66 66
70 70
77 77
83 83
86 86
96
96 81 88
81 88
78 78
74 74
85 85
101 101
106 106
113 113
127 127
130 130
126 126
118 118
109 109
112 112
110 110
106 106
Coldwell Banker Global Luxury ® | 33
109 109
122 122
124 124
122 122
116 116
111 111
118 118
114 114
106
106