Florida Market Viewpoint April 2017 - Page 147

Market Action Report City: Palm Bay Palm Bay Agent Name Market Action Report City: Palm Bay April 2017 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 $195,000 0% 15% Other $213,506 Trending 3% versus*: 21% Month LM L3M PYM LY $149,950 -9% -3% 6% $195,000 0% 15% $162,131 1% 1% 8% $213,506 386 3% -9% 21% -11% $149,950 180 -9% -22% -3% 6% -15% 5% $162,131 1% 1% 8% 8% 46 -8% -4% 10% 386 -9% -11% $110 1% 2% 15% 180 -22% -15% $104 4% 4% 13% 46 -8% -4% 10% 7% 2.1 17% -7% 4% $110 1% 2% 15% 11% 96.0% .7% .5% -1.1% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Current Listings April Average Sales Price 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 Average 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 $104 4% 4% 13% 2.1 17% -7% 4% 96.0% .7% .5% -1.1% 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 300 April Property sales were 180, down 14.7% from 211 in April of 2016 and 22.1% lower than the 231 sales last month. April 2017 250 Property sales were Sales at their lowest level compared to April of 2016 and 300 April Property sales sales were of 180, 14.7% from 211 behind in April last of year's 2015. April YTD 720 down are running 3.1% 200 2016 and 22.1% sales lower year-to-date of than 743. the 231 sales last month. April 2017 250 Trending versus*: YTD Prior YTD 15% Prior Year $155,000 5% 8% $161,129 $155,000 7% $161,129 15% 720 15% 48 $108 720 -3% $100 48 0% 2.5 $108 15% 95.5% 11% 13% -9% -.0% 15% 8% 8% -3% 8% 0% 8% 15% 15% 12% -2% 9% -0% 12% 9% 9% 5% -1% 13% $100 15% 9% -9% 2.5 -2% 5% Number of 95.5% Properties -.0% -0% Sold -1% * 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 Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg Number of Properties Sold 3 Mo Avg sales were at their lowest level compared to April of 2016 and 150 2015. April YTD sales of 720 are running 3.1% behind last year's 200 year-to-date sales of 743. Prices 110 90 90 70 70 50 197 216 152 215 16 17 Median Sales Price and Average Sales Price 3 Mo Avg 0 3.0 3.0 4.0 4.0 300 A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 2.1 a 200 100 higher MSI is better for buyers. April 2017 MSI of 2.1 months was at its highest level The compared with April of 2016 and 100 months 0 2015. was at its highest level compared with April of 2016 and 400 5.0 5.0 400 500 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 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 The Total Inventory Inventory & MSI of Properties available for sale as of April 700 was Total 386, Inventory down 9.0% from 424 last month The of Properties available for and sale down as of 10.9% April from 433 386, in April last from year. 424 April Inventory was at its from lowest 700 600 was down of 9.0% last 2017 month and down 10.9% 433 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 600 500 2015. 15 130 110 50 level compared with April of 2016 and 2015. 14 The Median Sales Price in April was $149,950, up 5.6% from Prices $142,000 in April of 2016 and down 9.1% from $165,000 last 190 The Median Sales Price Sales in April was in $149,950, up $162,131, 5.6% from month. The Average Price April was up 8.2% 170 $142,000 in April in of April 2016 of and down 9.1% from $165,000 last last from $149,803 2016 and up 1.2% from $160,166 190 month. Average Price at in the April was $162,131, up 8.2% to month. The April 2017 Sales ASP was highest level compared 170 150 from April of 2016 and up 1.2% from $160,166 last April $149,803 of 2016 in and 2015. month. April 2017 ASP was at the highest level compared to 150 130 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 0 0 50 50 100 100 150 2.0 1.0 0.0 2.0 1.0 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 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 16 17 c o l dw el l b a n k er h o m es . c o m | 147 Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Asso X][ۂوPSԔܚYHSY[ۘ[S\وPSԔPSԔو\X][ۂوH[BXX\XH\\‘]B\\œݚYY\\BوܙX]\ܝܝ]Y\[BPSԔPSԂ\X][ۂوX\[[K[KZX[ZH\X][ۂوPSԔ^HܚYH^BY[ۘ[\\\XH\\\\XBوPSԔPSԔ\X][ۂH[HXX\XB\\X][ۂوPS\\[܈X\[YBX\XBو[ܛX][ۋ\[ܛX][ۋ]\\ۜX[]BH\ۜX[]B[H܈^Y\\YB[[[ܛX][ۂXۜ[Y\&\™\]H[X[ۋ\›\[܈X\[YBHBX\XBو\’]\Bو[Hق^Y\[\܈[\\YH[B[[B[[ܛX][ۂ[][[][Xۜ[Y\&\œX[\]HX[[X[ۋ