Florida Market Viewpoint April 2017 - Page 145

Agent Name Title Phone Agent Name Website Title Other April 2017 City: Merritt Island Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $399,900 3% 18% Other $620,712 Trending 5% versus*: 31% Month LM L3M PYM LY $248,550 -17% 0% -3% $399,900 3% 18% $309,518 -7% 2% 9% $620,712 273 5% 1% 31% -5% $248,550 -17% 0% -3% 3% 4% 94 8% $309,518 -7% 2% 9% 13% 57 -2% -5% -12% 273 1% -5% $168 -4% -2% 13% 94 8% 3% $150 -3% 1% 6% 57 -2% -5% -12% -2% 2.9 -7% -13% -8% $168 -4% -2% 13% 7% 94.6% .4% .3% .6% 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 120 April Property sales were 94, up 3.3% from 91 in April of 2016 and 8.0% higher than the 87 sales last month. April 2017 sales 100 Property Sales were at a mid level compared to April of 2016 and 2015. April 120 April sales are were 94, up 3.3% 91 last in April of 2016 YTD Property sales of 303 running 1.6% from behind year's year-to- 80 and 8.0% higher than the 87 sales last month. April 2017 sales date sales of 308. 100 47 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Total Inventory & Month's Supply of Inventory (MSI) 0 17 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 The Total Inventory Inventory & MSI of Properties available for sale as of April was Total 273, Inventory up 0.7% from 271 last available month and from 288 450 The of Properties for down sale as 5.2% of April 450 400 in April of 0.7% last year. 2017 Inventory was 5.2% at its from lowest was 273, up from April 271 last month and down 288 level in compared April of last year. April 2017 Inventory with April of 2016 and 2015. was at its lowest level 400 350 350 300 compared with April of 2016 and 2015. 300 250 250 200 A comparatively lower MSI is more beneficial for sellers while 200 a 150 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 2.9 a 150 100 100 50 higher MSI is better for buyers. April 2017 of 2.9 months was at its lowest level The compared with MSI April of 2016 and 50 months 0 2015. was at its lowest level compared with April of 2016 and 2015. 16 Median Sales Price and Average Sales Price Inventory & MSI 15 290 270 250 230 210 190 170 150 14 350 330 310 290 270 250 230 210 190 170 150 last month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. 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 Prices 0 20 20 The Median Sales Price in April was $248,550, down 2.5% from Prices $255,000 in April of 2016 and down 17.2% from $300,000 last The Median Sales Price Sales in April was in $248,550, 2.5% from month. The Average Price April was down $309,518, up 8.7% 350 $255,000 in April in of April 2016 of and down 17.2% from $300,000 last from $284,703 2016 and down 7.1% from $333,315 month. The Average Sales ASP Price in April $309,518, up 8.7% 330 last month. April 2017 was at the was highest level compared to 310 from in April of 2016 and down 7.1% from $333,315 April $284,703 of 2016 and 2015. 3 Mo Avg 40 40 0 3 Mo Avg 60 60 3% 9% 10% 0% 0% Number of Properties Sold 80 were at a mid level compared to April of 2016 and 2015. April YTD sales of 303 are running 1.6% behind last year's year-to- date sales of 308. -2% 4% -8% 11% 14% 15% 3% -14% 9% 0% $150 -3% 1% 6% 11% $148 15% 10% 2.9 -7% -13% -8% -19% 3.6 -14% 0% of 94.3% Properties 94.6% .4% .3% .6% Number .7% 0% Sold 0% * 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 109 A