Florida Market Viewpoint April 2017 - Page 118

Market Action Report City: Pinecrest Pinecrest Agent Name Title Phone Agent Name Website Title Other April 2017 Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $1,700,000 -3% 14% Other $2,193,449 Trending 0% versus*: 16% Month LM 8% L3M 9% PYM -5% LY $930,000 $1,700,000 -3% -13% 4% 14% -9% $1,149,761 $2,193,449 225 0% 10% 16% 6% $930,000 8% 9% -5% -4% -6% 23 44% $1,149,761 121 -13% -15% 4% -10% -9% 19% -7% 225 10% 6% $388 0% 1% 18% 23 44% -4% $310 3% 4% -1% 121 -15% -10% 19% 17% 9.8 -24% -21% 11% $388 0% 1% 18% 7% 90.4% -.8% 1.2% -1.4% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Aver age Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $310 3% 4% -1% 9.8 -24% -21% 11% 90.4% -.8% 1.2% -1.4% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales Prices 3 Mo Avg 3 Mo Avg 21 33 0 14 15 16 Median Sales Price and Average Sales Price 14 15 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 14 15 16 17 M J J A S O N D J F Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A The Median Sales Price in April was $930,000, down 4.6% from Prices $975,000 in April of 2016 and up 7.8% from $862,859 last 1,900 The Median Sales Price Sales in April was in $930,000, 4.6% from month. The Average Price April was down $1,149,761, down $975,000 in April of 2016 in and up of 7.8% from last from 1,900 1,700 9.0% from $1,263,579 April 2016 and $862,859 down 13.5% month. The Average Sales April Price 2017 in April was $1,149,761, down $1,329,107 last month. ASP was at a mid range 9.0% from $1,263,579 April and of 2016 1,700 1,500 compared to April of in 2016 2015. and down 13.5% from $1,329,107 last month. April 2017 ASP was at a mid range compared to April of 2016 and 2015. 0% $297 -4% -4% -15% 12.0 -8% 4% Number of 89.3% Properties -.5% -2% Sold -2% 5 0 31% 7% -4% 4% -2% 10 10 5 7% $386 68 5% 0% $297 135 26% -15% 12.0 $386 7% -.5% 89.3% 5% -14% 26% -10% 7% -4% 31% -8% 7% -2% 15 15 -15% 68 -9% 135 -14% -10% 20 20 $850,359 $1,108,841 17% -9% 25 25 $1,108,841 Number of Properties Sold 30 sales were at a mid level compared to April of 2016 and 2015. April YTD sales of 68 are running 4.6% ahead of last year's year- to-date sales of 65. Trending versus*: YTD Prior YTD -15% Prior Year $850,359 -6% -7% 35 April Property sales were 23, down 4.2% from 24 in April of 2016 and 43.8% higher than the 16 sales last month. April 2017 Property sales were Sales at a mid level compared to April of 2016 and 2015. 35 April sales 23, running down 4.2% from 24 in of April Property YTD sales of were 68 are 4.6% ahead of April last year's year- 2016 and sales 43.8% of higher to-date 65. than the 16 sales last month. April 2017 30 Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Pinecrest April 2017 3 Mo Avg 17 3 Mo Avg 1,500 1,300 1,300 1,100 1,100 900 900 700 Inventory & MSI 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 15 A M J J A S O N D J F M 16 M J 14 J A S O N D J F M A M J J A S O N D J F M A 17 14 15 16 17 200 compared with April of 2016 and 2015. 150 A comparatively lower MSI is more beneficial for sellers while 100 a A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 9.8 a higher MSI is better for buyers. April 2017 MSI of 9.8 months was at its highest level The compared with April of 2016 and 50 months 2015. was at its highest level compared with April of 2016 and 0 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of April 250 was Total 225, Inventory up 9.8% from 205 last available month and up 6.1% The of Properties for sale as of from April 212 in April of up last 9.8% year. April at its from highest level 250 was 225, from 205 2017 last Inventory month and was up 6.1% 212 in 200 April of last year. April of 2017 Inventory was at its highest level compared with April 2016 and 2015. 150 100 50 0 . 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 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 O N D J F M A 14 15 16 17 14 15 16 17 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con 118 | c 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 700 Data provided courtesy of Fort Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater d Greater w Fort el l Lauderdale ban k REALTORS, erh o REALTOR m Association e s Association co m of Martin Data is is provided courtesy Lauderdale REALTORS, REALTOR of Martin County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.