FL ARCHIVED September 2017 | Page 66

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

City : Venice

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
$ 299,900
-3%
8 %
Average List Price of all Current Listings
$ 377,329
1 %
10 %
September Median Sales Price
$ 254,500
3 %
2 %
11 %
8 %
$ 245,000
7 %
4 %
September Average Sales Price
$ 275,810
2 %
0 %
4 %
5 %
$ 275,720
6 %
5 %
Total Properties Currently for Sale ( Inventory )
655
-2%
-5%
September Number of Properties Sold
160 -32%
-23%
2,017
5 %
September Average Days on Market ( Solds )
68
5 %
0 %
3 %
13 %
71
18 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 183
5 %
1 %
2 %
5 %
$ 180
5 %
3 %
September Sold Price per Square Foot
$ 163
1 %
-1%
3 %
2 %
$ 167
4 %
4 %
September Month ' s Supply of Inventory
4.1
44 %
15 %
23 %
12 %
3.9
9 %
6 %
September Sale Price vs List Price Ratio
94.5 %
-. 2 %
. 2 %
-. 1 %
-. 2 %
94.1 %
-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 160 , down 22.7 % from 207 in
September of 2016 and 31.9 % lower than the 235 sales last
300
Property month . September Sales 2017 sales were at their lowest level
September compared Property to September sales were of 2016 160 , and down 2015 22.7 . % September from 207 in YTD
350
250
September sales of 2,017 of 2016 are and running 31.9 % 4.9 lower % ahead than the of last 235 year sales ' s last year-to-date
300 month sales . of September 1,922 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
250 sales of 2,017 are running 4.9 % ahead of last year ' s year-to-date sales of 1,922 .
200
200
150
100
150
50
100
Prices
The Median Sales Price in September was $ 254,500 , up 11.1 %
Prices from $ 229,000 in September of 2016 and up 3.5 % from
290
The
$ 245,900 Median last Sales month Price . in The September Average was Sales $ 254,500 Price in , up September 11.1 % from was $ 229,000 275,810 , in up September 4.3 % from of $ 2016 264,523 and in up September 3.5 % from of 2016
290
270
$ and 245,900 up 2.3 last % month from $ . 269,625 The Average last month Sales Price . September in September 2017 ASP was $ 275,810 , up 4.3 % from $ 264,523 in of
270 was at the highest level compared to September of 2016 and and
2015 up . 2.3 % from $ 269,625 last month . September 2017 ASP
250
250
230
was at the highest level compared to September of 2016 and
2015 .
230
210
210
190
50 0
0
190 170

Venice

210
Number of Properties Sold
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
J
F M A M J
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
Median Sales Price and Average Sales Price
210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 160
O N D 14
163
Agent Name
195
Title Phone Website Other

Community Information | School District

139 174 265
170
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 655 of , down Properties 2.1 % available from 669 for last sale month as of and down
1,200
September
4.9 % from was 689655 in , September down 2.1 % from of last 669 year last . September month and down 2017
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
4.9
Inventory % from 689 was in at September a mid level of compared last year . September with September 2017 of
20161,000
Inventory and 2015 was . at a mid level compared with September of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The September 2017 MSI of 4.1 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 4.1 of
200 months
2016 and was 2015 at its . highest level compared with September of
2016 and 2015 .
0
6.0
800
5.0
600
4.0
400
3.0
200
2.0
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
5.0
4.0
3.0
2.0
1.0
0.0
671 694 720 749 742 742 291 278 242
689
642 565
671 694 720 749 742 742 689 642 565 550 499
266 214
550 499
503
524 595 617
Number of Properties Sold
195 191
503 524
165
723 793
197
595 617
160 158 236
723 793 846
251
770
750 251 233
846 770 750 724 695 693
689 724
753 695 220 206
817 853
693
689 207 206 189
753 956 817
973 968 853 219 148
956 973
187 968
286 848
3 Mo Avg
257
3 Mo Avg
848 816 796 741 669 655
295
816 796
252 741
3 Mo Avg
197 235
669 655
160
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
66 | c o l d w e l l b a n k e r h o m e s . c o m
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 .