FL ARCHIVED May 2018 | Page 66

Market Action Report
May 2018
City: Venice
VENICE
Market Action Report
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -11%
$1,400,000
-13%
City: Venice Information | School District
Community
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
$1,732,258
Month
$1,225,000
$1,400,000
$1,260,833
$1,732,258
19
$1,225,000 3
$1,260,833
174
Total
Properties
Currently
for
Sale
(Inventory)
19
Asking Price per Square Foot (based on New Listings)
$612
May
Number
of
Properties
Sold
May Sold Price per Square Foot
$487 3
May
Average
Days
on
Market
(Solds)
174
May Month's Supply of Inventory
6.3
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$612
May Sale Price vs List Price Ratio
89.1%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $487
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
6.3
May
Sale Price
vs List Price Ratio
89.1%
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
May
May Average
Average Sales
Days Pri ce
on Market (Solds)
4
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
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 174, up from 0 days last
month and up from 0 days in May of last year. The May 2018
DOM was at a mid level compared with May of 2017 and 2016.
Trending versus*:
Prior
YTD Prior
Year
15%
-25%
-21%
15%
-20%
-15%
77% -25%
-21%
-6%
$520
16%
-8%
$513 4 -20%
-3%
6%
154
77%
0% -53%
13.2
-0%
43% -1.7%
20%
$520
16%
89.1%
-5%
-8%
$513
-3%
0%
-53%
13.2
-0%
Number of Properties Sold
-1.7%
89.1%
-5% 2%
-3%
-6%
-1%
2%
-2%
-3%
-1%
-2%
$1,347,500 4
$1,491,875
154
600
500
400
300
100
24
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
15
16
17
18
-100
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 $487 was up
from $0 last month and up from 0 in May of last year.
3 Mo Avg
650
600
550
487
500
Median Sales Price and Average Sales Price
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
15
16
17
18
-1
1
3 Mo Avg
2,800 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
2,600
Median
Sales
Price
and
Average
Sales
Price
2,400
3 Mo Avg
2,200
2,800
2,000
2,600
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 89.1% was up from 0.0% last month and up from 0.0%
in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
89.1%
84.6%
80%
60%
40%
1,800
2,400
1,600
2,200
1,400
2,000
20%
0%
0
0.0
10.0 5
5.0
15.0 10
10.0
20.0 15
15.0
25.0
20
25
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
5.0
0.0
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
15
16
17
18
30
20.0
Total Inventory & Month's Supply of Inventory (MSI)
25
30
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 2, up 100.0% from 1 last month and down
33.3% from 3 in May of last year.
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
25.0
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
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
1,000
322
2
2 1 300
350
2 1
5
174
200
400
20
30
15
25
10
20
5
15
0
10
3 Mo Avg
700
3 2
1,200
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
Title
Phone
Website
Other
450
1,400
Inventory & MSI
YTD
$1,347,500
$1,491,875
Market Time
3 2
1,200
1,800
1,000
1,600
The Total Inventory of Properties available for sale as of May
was 19, down 13.6% from 22 last month and up 11.8% from 17 in
May of last year. May 2018 Inventory was at its highest level
Inventory
& MSI
compared with
May of 2017 and 2016.
The Total Inventory of Properties available for sale as of May
was 19, down 13.6% from 22 last month and up 11.8% from 17 in
May of last year. May 2018 Inventory was at its highest level
A comparatively
lower
MSI and
is more
beneficial for sellers while a
compared
with May
of 2017
2016.
higher MSI is better for buyers. The May 2018 MSI of 6.3
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 6.3
months was at its lowest level compared with May of 2017 and
2016.
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Number of Properties Sold
Prices
YTD
4 3
1 0
The Median Sales Price in May was $1,225,000, up from $0 in
May of 2017 and up from $0 last month. The Average Sales
Price in May was $1,260,833, up from $0 in May of 2017 and
Prices
up from $0 last month. May 2018 ASP was at the highest level
The
Median to Sales
in May
was $1,225,000, up from $0 in
compared
May Price
of 2017
and 2016.
May of 2017 and up from $0 last month. The Average Sales
Price in May was $1,260,833, 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.
City: Venice
VENICE
Price Range: $1,000,000 and Up | Properties: SFH - Con
-15%
3
May Property sales were 3, up from 0 in May of 2017 and
higher than the 0 sales last month. May 2018 sales were at their
highest level compared to May of 2017 and 2016. May YTD
Property
Sales
sales of 4 are
running 20.0% behind last year's year-to-date
May
sales were 3, 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
highest level compared to May of 2017 and 2016. May YTD
sales of 4 are running 20.0% behind last year's year-to-date
sales of 5.
May 2018
Community Information | School District
Trending -15%
versus*:
-15%
LM L3M
LY
0% PYM -32%
-11% 0% -13% -34%
-15%
-15%
-14%
12%
0%
-32%
0%
-34%
0%
6%
-14%
12%
-49% 7% 43% 20%
0%
0% 0%
0%
-49% -.0%
7%
0%
0% 0%
-.0%
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
18
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.
66 | 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 ® | 67
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 and all information relevant to such consumer’s real estate transaction.