FL ARCHIVED September 2017 | Page 139

Market Action Report September 2017
Community Information | School District
Market Action Report September 2017

City : Melbourne

Price Range : All | 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
$ 298,889
3 %
7 %
Average List Price of all Current Listings
$ 344,577
0 %
4 %
September Median Sales Price
$ 233,750
-3%
0 %
13 %
14 %
$ 227,750
10 %
11 %
September Average Sales Price
$ 266,436
3 %
2 %
14 %
13 %
$ 256,059
9 %
9 %
Total Properties Currently for Sale ( Inventory )
594
-4%
2 %
September Number of Properties Sold
218 -19%
-14%
2,158
-3%
September Average Days on Market ( Solds )
42 -11% 11 % -16% -14%
43
-14%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 145
0 %
1 %
7 %
12 %
$ 140
9 %
8 %
September Sold Price per Square Foot
$ 135
2 %
1 %
12 %
13 %
$ 131
11 %
10 %
September Month ' s Supply of Inventory
2.7
19 %
12 %
19 %
0 %
2.6
-4%
-6%
September Sale Price vs List Price Ratio
95.4 %
. 0 %
-. 5 %
. 2 %
. 3 %
95.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
September Property sales were 218 , down 14.2 % from 254 in
September of 2016 and 19.3 % lower than the 270 sales last
300
Property month . September Sales 2017 sales were at their lowest level
September compared Property to September sales were of 2016 218 , and down 2015 14.2 . % September from 254 in YTD
350
250
September sales of 2,158 of 2016 are and running 19.3 % 2.9 lower % behind than the last 270 year sales ' s year-to-date last
300 month sales . of September 2,223 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
250 sales of 2,158 are running 2.9 % behind last year ' s year-to-date sales of 2,223 .
200
200
150
100
150
50
100
Number of Properties Sold
50
0
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 J
J
A S
0
14
15
16
17
Prices
The Median Sales Price in September was $ 233,750 , up 13.2 %
Prices from $ 206,500 in September of 2016 and down 2.6 % from
The
$ 239,950 Median last Sales month Price . in The September Average was Sales $ 233,750 Price in , up September 13.2 %
300 from was $ 206,500 266,436 in , up September 14.4 % from of 2016 $ 232,907 and down in September 2.6 % from of 2016
280
$ and 239,950 up 2.5 last % month from $ . 259,938 The Average last Sales month Price . September in September 2017 ASP was $ 266,436 , up 14.4 % from $ 232,907 in of 2016
260 was at the highest level compared to September of 2016 and and up 2.5 % from $ 259,938 last month . September 2017 ASP
240
2015 . was at the highest level compared to September of 2016 and
220
2015 .
200
180
160
140
120
100
O
N D
J
F M A M J
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
J
A S
14
15
16
17
3 Mo Avg
300
Median Sales Price and Average Sales Price
280
3 Mo Avg
260
240
220
200
180
160
140
120
100
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 J
J
A S
14
15
16
17
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 J
J
A S
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
September Total Inventory was 594 of , down Properties 4.0 % available from 619 for last sale month as of and up
September
1.9 % from was 583594 in , September down 4.0 % of from last 619 year last . September month and 2017 up
800
1.9
Inventory % from 583 was in at September a mid level of compared last year . September with September 2017 of
2016700
Inventory and 2015 was . at a mid level compared with September of 2016
600 and 2015 .
800
700
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.5
4.0
3.5
3.0
500
400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower for MSI buyers is more . The beneficial September for sellers 2017 while MSI a of 2.7
200 higher months MSI was is better at a mid for level buyers compared . The September with September 2017 MSI of of 2016 2.7 months was at a mid level compared with September of 2016 100 and 2015 . and 2015 .
0

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 221 271 297 269 270 218
689
400 300 200 100 0
O
14
225 177 235 180 204 254 216 260 270 279
Number of Properties Sold
682
632 689
642 682
648 632
664 642
660 648
663 664
665 660 643 663
622 665
624
643
659 622 677 624
668 659
687
677 671 635
668
638 687
594 671
655 635
639 638
606 594
583 655
247 227 197 192 207 174
3 Mo Avg
611 639
626 606
593 583
584 611
557 626 571 593
584
584 612 557 632 571 622
584 619
612 594
632
2.5 2.0 1.5 1.0 0.5 0.0
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 J J A S O N D J 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 J J A S
14 15 16
17 15
16
17
182 262 260 278 291 285 237 254 209 199 230 182 176 254 221 271 297 622
3 Mo Avg
269
619 270
594 218
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | 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 Assoc 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 .
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