Florida Market Viewpoint April 2017 - Page 134

Market Action Report City: Wellington Wellington Agent Name Title Phone Agent Name Website Title Other April 2017 Community Information | School District 180 April Property sales were 95, equal to 95 in April of 2016 and 15.9% lower than the 113 sales last month. April 2017 sales were 160 Property Sales at their lowest level compared to April of 2016 and 2015. April 180 140 April sales are were 95, equal to 95 in April of 2016 YTD Property sales of 374 running 3.3% ahead of last year's and year-to- 15.9% lower of than the 113 sales last month. April 2017 sales were 160 120 date sales 362. at their lowest level compared to April of 2016 and 2015. April 140 100 3 Mo Avg Prices 14 The Median Sales Price in April was $375,000, up 0.8% from 1,000 Prices $372,000 in April of 2016 and up 1.4% from $370,000 last The Median Sales Price Sales in April was in $375,000, 0.8% from down month. The Average Price April was up $609,235, 1,000 900 $372,000 in April of 2016 in and up of 1.4% from last from 33.0% from $908,710 April 2016 and $370,000 down 4.9% month. The last Average Sales Price in April down $640,755 month. April 2017 ASP was was $609,235, at the lowest level 900 800 33.0% from to $908,710 April and of 2016 compared April of in 2016 2015. and down 4.9% from 800 700 15 16 112 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 3 Mo Avg 0 $640,755 last month. April 2017 ASP was at the lowest level compared to April of 2016 and 2015. 0 20 20 40 40 60 60 80 80 100 120 3 Mo Avg Number of Properties Sold YTD sales of 374 are running 3.3% ahead of last year's year-to- date sales of 362. -2% 21% 3% 9% -1% 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 3% 0% 1% -3% 26% 7% -2% -13% 21% -1% April Month's Supply of Inventory 0% -3% $228 17% 8% -5% 12% $210 7% 3% 7.5 18% 2% -13% 3% 7.9 -13% 9% Number of 92.9% Properties 92.4% -1.0% -.6% -1.8% -1.2% -1% Sold -1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Sale Price vs List Price Ratio April Sold Price per Square Foot -8% April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sold Price per Square Foot April Average Days on Market (Solds) April Number of Properties Sold Asking Price per Square Foot (based on New Listings) 4% 374 -8% 95 -8% $297 374 3% 12% $210 95 1% 3% 7.9 $297 26% -1.2% 92.9% April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) $366,000 $575,246 14% April Average Sales Price April Sales Price April Median Number of Properties Sold $575,246 Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Trending versus*: YTD Prior YTD 4% Prior Year $366,000 2% 3% 158 Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales $549,350 0% 11% Other $1,644,334 Trending -1% versus*: 19% Month LM 1% L3M 2% PYM 1% LY $375,000 $549,350 0% -5% 6% 11% -33% $609,235 $1,644,334 716 -1% -1% 19% -13% $375,000 1% 2% 1% 0% 2% 95 -16% $609,235 111 -5% 16% 6% 17% -33% 10% 3% 716 -1% -13% $225 -38% -24% 22% 95 -16% 0% $228 17% 8% -5% 111 16% 17% 10% 14% 7.5 18% 2% -13% $225 -38% -24% 22% -8% 92.4% -1.0% -.6% -1.8% Average List Price of all Current Listings Trending versus*: Prior YTD Prior Year YTD Trending versus*: L3M PYM LY LM Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con Price Range: All | Properties: SFH - Con Market Action Report City: Wellington April 2017 17 Median Sales Price and Average Sales Price 3 Mo Avg 700 600 600 500 500 400 400 300 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 17 800 level compared with April of 2016 and 2015. 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 600 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more beneficial for sellers while a MSI is better for buyers. The April 2017 MSI of 7.5 200 higher MSI is better for level buyers. The April 2017 MSI of of 2016 7.5 and 200 months was at a mid compared with April months was at a mid level compared with April of 2016 and 0 2015. 0 2015. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 15 16 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 . 14.0 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 14 134 | c 14.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 1,000 was Total 716, Inventory down 1.0% 723 last month for and down The of from Properties available sale as of 12.7% April from 820 716, in April last from year. 723 April Inventory at its lowest 1,000 was down of 1.0% last 2017 month and down was 12.7% from 800 820 in compared April of last with year. April level April of 2017 2016 Inventory and 2015. was at its lowest 300 17 Data provided courtesy of d Greater 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 w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy 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.