FL ARCHIVED September 2017 | Page 88

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

City : Coral Springs

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%
13 %
Average List Price of all Current Listings
$ 400,541
-0%
15 %
September Median Sales Price
$ 330,000
-12%
-8%
-1%
2 %
$ 347,500
7 %
7 %
September Average Sales Price
$ 277,920
-21% -17% -10%
-8%
$ 320,576
7 %
6 %
Total Properties Currently for Sale ( Inventory )
410
-3%
-27%
September Number of Properties Sold
38 -77%
-82%
1,284
-26%
September Average Days on Market ( Solds )
98
139 % 100 % 23 %
27 %
53
-35%
-31%
Asking Price per Square Foot ( based on New Listings )
$ 162
-5%
-2%
3 %
7 %
$ 164
9 %
8 %
September Sold Price per Square Foot
$ 145
-10%
-9%
1 %
1 %
$ 156
10 %
9 %
September Month ' s Supply of Inventory
10.8
326 % 98 % 315 % 185 %
4.0
-3%
5 %
September Sale Price vs List Price Ratio
95.0 % -1.9% -1.8% -1.8% -1.6%
96.7 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
September Property sales were 38 , down 82.4 % from 216 in
September of 2016 and 77.2 % lower than the 167 sales last
Property month . September Sales 2017 sales were at their lowest level
250
200
September compared Property to September sales were of 2016 38 , down and 2015 82.4 .% September from 216 in YTD
September sales of 1,284 of 2016 are and running 77.2 % 25.6 lower % behind than the last 167 year sales ' s last year-to-date month . September 2017 sales were at their lowest level
200 sales of 1,725 . compared to September of 2016 and 2015 . September YTD
150
sales of 1,284 are running 25.6 % behind last year ' s year-to-date
150
100
sales of 1,725 .
Agent Name

Coral Springs Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
Prices
The Median Sales Price in September was $ 330,000 , down 1.5 %
Prices from $ 335,000 in September of 2016 and down 12.0 % from
390
The
$ 375,000 Median last Sales month Price . in The September Average was Sales $ 330,000 Price in , down September 1.5 % from was $ 335,000 277,920 , in down September 10.1 % of from 2016 $ 309,184 and down in 12.0 September % from of 2016
390
370
$ and 375,000 down last 21.0 month % from . The $ 351,611 Average last Sales month Price . in September 2017 was $ 277,920 , down 10.1 % from $ 309,184 in of
370
ASP was at the lowest level compared to September of 2016 and and
2015 down . 21.0 % from $ 351,611 last month . September 2017
350
350
330
ASP was at the lowest level compared to September of 2016 and
2015 .
330
310
310
290
50
0
0
290 270
188
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
188 133 171 121 131 163 183 165 197 192 192 172 166 134 202 131 145 170 195 216 230 202 220 216 170 150 157 96 134 159 150 188 201 151 167 38
O N D
14
133 171 121 131 163
270
250
250
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 410 of , down Properties 3.1 % available from 423 for last sale month as of and down
1,000
September
26.9 % from was 561 410 in , down September 3.1 % from of last 423 year last . month September and down 2017
1,000
800
26.9
Inventory % from was 561 in at September its lowest level of last compared year . September with September 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with September of
600
2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial September for sellers 2017 while MSI a of higher
10.8 months MSI is better was at for its buyers highest . The level September compared 2017 with MSI September of
200
10.8 of 2016 months and was 2015 at . its highest level compared with September of 2016 and 2015 .
0
400
6.0
4.0
200
2.0
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
4.0
2.0
0.0
183 165
937 937 907 934 864 857 823 816 844 834
197 192
937 937 907 934 864 857 823 816 844 834 192 172 166 134
781 757 773 705
781 757 773 705 665
720
795 202 131 145 170
826 843 797 791 793
665 720
195 694
216 561
230
795 826 843 797 791 793
202 694
220
561 216 170 150 157 96 134 159 150
457 454 443 473 462 472 481 487 487 457 423 410
188
3 Mo Avg
201 151
457 454 443 473 462 472 481 487 487 457 423 410 167 38
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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
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