FL ARCHIVED September 2017 | Page 141

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

City : Merritt Island

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
$ 390,000
-1%
-2%
Average List Price of all Current Listings
$ 605,496
-1%
7 %
September Median Sales Price
$ 266,700
1 %
-5%
14 %
12 %
$ 265,000
13 %
11 %
September Average Sales Price
$ 372,920
18 %
13 %
42 %
36 %
$ 311,551
15 %
14 %
Total Properties Currently for Sale ( Inventory )
281
-5%
10 %
September Number of Properties Sold
68 -33%
-26%
746
-3%
September Average Days on Market ( Solds )
82
67 %
61 % 116 %
41 %
54
-4%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 176
1 %
3 %
13 %
13 %
$ 170
10 %
9 %
September Sold Price per Square Foot
$ 155
-2%
1 %
12 %
15 %
$ 150
13 %
11 %
September Month ' s Supply of Inventory
4.1
42 %
9 %
49 %
15 %
3.6
2 %
-0%
September Sale Price vs List Price Ratio
93.2 % -1.5% -1.4% -. 6 %
-. 8 %
94.5 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
September Property sales were 68 , down 26.1 % from 92 in
September of 2016 and 33.3 % lower than the 102 sales last
Property month . September Sales 2017 sales were at their lowest level
120
100
September compared Property to September sales were of 2016 68 , down and 2015 26.1 .% September from 92 in YTD
September sales of 746 of 2016 are running and 33.32.6 % % lower behind than last the year 102 sales ' s year-to-date last
100 month sales . of September 766 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
80 sales of 746 are running 2.6 % behind last year ' s year-to-date
80
60
sales of 766 .
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40
20
Number of Properties Sold
20
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 $ 266,700 , up 14.5 %
Prices from $ 233,000 in September of 2016 and up 1.2 % from
The
$ 263,500 Median last Sales month Price . in The September Average was Sales $ 266,700 Price in , up September 14.5 %
400 from was $ 233,000 372,920 in , up September 41.7 % from of 2016 $ 263,115 and up in September 1.2 % from of 2016
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
400
Median Sales Price and Average Sales Price
3 Mo Avg
350
3 Mo Avg
$ and 263,500 up 17.9 last % month from . $ The 316,360 Average last Sales month Price . September in 2017 ASP was $ 372,920 , up 41.7 % from $ 263,115 in of
350 was at the highest level compared to September of 2016 and
300
and
2015 up . 17.9 % from $ 316,360 last month . September 2017 ASP was at the highest level compared to September of 2016 and
300
250
2015 .
250
200
94 58 75 61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 74 102 68
200
150
150
O
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
14
15
16
17
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
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 281 of , down Properties 5.4 % available from 297 for last sale month as of and up
September
9.8 % from was 256281 in , September down 5.4 % from of last 297 year last . September month and 2017 up
450
9.8
Inventory % from 256 was in at September a mid level of compared last year . September with September 2017 of
2016400
Inventory and 2015 was . at a mid level compared with September of 2016
350 and 2015 .
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The September 2017 MSI of 4.1 higher MSI is better for buyers . The September 2017 MSI of 4.1
100 months was at its highest level compared with September of months was at its highest level compared with September of
50
2016 and 2015 .
2016 and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
8.0
350
7.0
300
6.0
250
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
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
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
14
15
16
17
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
301
94 58 75 61 52 81 99 103 102
330
320 301
363 330
320 388
375 363
364 388
382 375
342 364 345 382
320 342
100 109
Number of Properties Sold
91 89 55 73 47 83 87 91 96
287 345
293 320
306 287 316 293
314
306 298 293
316
288 314
272 298
293 293
289 288
263 272
256 293 95 84 91 92 69 71 64 58 64 88
3 Mo Avg
95 100
250 289
258 263
266 256
260 250
259 258 280
266 281 260 309 259 316 280 318 281
297 309
281 316
97 318
3 Mo Avg
74
297 102
281
68
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 .
c o l d w e l l b a n k e r h o m e s . c o m | 141