FL ARCHIVED September 2017 | Page 143

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

City : Palm Bay

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
$ 210,000
4 %
17 %
Average List Price of all Current Listings
$ 230,700
4 %
26 %
September Median Sales Price
$ 164,500
2 %
0 %
10 %
15 %
$ 162,000
15 %
13 %
September Average Sales Price
$ 171,896
0 %
0 %
10 %
15 %
$ 167,528
13 %
12 %
Total Properties Currently for Sale ( Inventory )
458
-4%
-1%
September Number of Properties Sold
153 -28%
-20%
1,820
0 %
September Average Days on Market ( Solds )
33
-3%
-6%
-8%
-23%
42
-5%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 116
3 %
2 %
16 %
17 %
$ 111
14 %
12 %
September Sold Price per Square Foot
$ 107
-2%
-1%
11 %
17 %
$ 104
14 %
13 %
September Month ' s Supply of Inventory
3.0
33 %
21 %
24 %
27 %
2.3
3 %
-1%
September Sale Price vs List Price Ratio
95.1 % -1.7% -1.1% -1.6% -1.0%
96.0 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
September Property sales were 153 , down 19.9 % from 191 in
September of 2016 and 27.8 % lower than the 212 sales last
Property month . September Sales 2017 sales were at their lowest level
300
250
September compared Property to September sales were of 2016 153 , and down 2015 19.9 . % September from 191 in YTD
September sales of 1,820 of 2016 are and running 27.8 % 0.4 lower % ahead than the of last 212 year sales ' s last year-to-date
250 month sales . of September 1,813 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
200 sales of 1,820 are running 0.4 % ahead of last year ' s year-to-date
200
150
sales of 1,813 .
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in September was $ 164,500 , up 9.7 %
Prices from $ 149,900 in September of 2016 and up 2.2 % from The $ 161,000 Median last Sales month Price . in The September Average was Sales $ 164,500 Price in , up September 9.7 % was from $ 171,896 $ 149,900 , up 9.9 in September % from $ 156,469 of 2016 in and September up 2.2 % from of 2016 and up 190 $ 0.0 161,000 % from last $ month 171,825 . The last Average month . Sales September Price in 2017 September ASP was was at $ 171,896 , up 9.9 % from $ 156,469 in September of 2016 and up
170 the highest level compared to September of 2016 and 2015 . 0.0 % from $ 171,825 last month . September 2017 ASP was at 150
the highest level compared to September of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The September Total Inventory was 458 of , down Properties 4.2 % available from 478 for last sale month as of and down September 0.7 % from was 461458 in , September down 4.2 % of from last 478 year last . September month and 2017 down
600
0.7 Inventory % from 461 was in at September a mid level of compared last year . September with September 2017 of 2016500 Inventory and 2015 was . at a mid level compared with September of 2016 and 2015 .
400
300 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200 higher MSI is better for buyers . The September 2017 MSI of 3.0 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 3.0 of 100
months 2016 and was 2015 at its . highest level compared with September of 2016 and 2015 .
0
100
50
0
110 90 70 50
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
14
15
16
17
O
N D
J
F M A M J
14
15
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
16
17
J
A S
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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
14
N D
J
15
F M A M J
J
A S O N D
J
16
F M A M J
J
A S O N D
J
17
F M A M J
J
A S
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
500
5.0
4.0
400
4.0
3.0
300
3.0
200
2.0
2.0
100
1.0
1.0
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
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
0.0
J
A S
0.0
195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 152 234 185 240 269 218 212 153
542 545
195 542 540
166 545 563
202 540 509
127 563 463
169 211 239 209 217 216 197 223 183 146 215 152 163 217
444 509
432 463
432 444 450
432 437 432
421 450
441 437
451 421
437
441 490 451 451 458
437
435 490
417 451
428 458
431 435
443 417
461 428
473 431
503 443
474 461
475 473
465 503 452 474
433 475
408 465
444
452 468 433 478 408 458
444
211 219 267 188 205 191 178 177 202 157 152 234 185 240 269 468
218
478 212
458
153
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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