Florida Market Viewpoint April 2017 - Page 153

Market Action Report County: Martin Martin County Agent Name Market Action Report County: Martin 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 $419,000 1% 5% Other $837,565 Trending 1% versus*: 14% Month LM -3% L3M 1% PYM 1% LY $282,750 $419,000 1% 5% $389,998 -16% -3% -2% $837,565 1,821 1% -6% 14% -12% $282,750 372 -3% -8% 1% 1% -10% 3% $389,998 -16% -3% -2% 3% 79 -22% -11% -11% 1,821 -6% -12% $200 1% -3% -1% 372 -8% -10% $173 -5% 0% 7% 79 -22% -11% -11% -11% 4.9 2% -9% -2% $200 1% -3% -1% 3% 93.0% 1.0% .2% .4% 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 $173 -5% 0% 4.9 2% -9% 93.0% 1.0% .2% 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 April Property sales were 372, down 9.9% from 413 in April of 2016 and 8.4% lower than the 406 sales last month. April 2017 Property sales were Sales at their lowest level compared to April of 2016 and 500 April Property sales sales were of 372, down from 1.3% 413 in behind April of 2015. April YTD 1,340 are 9.9% running last 450 2016 and 8.4% lower sales than the 406 sales last month. April 2017 year's year-to-date of 1,358. sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 1,340 are running 1.3% behind last year's year-to-date sales of 1,358. Trending versus*: YTD Prior YTD 1% Prior Year $278,700 3% 3% $403,551 $278,700 1,340 1% $403,551 4% -11% 89 3% $206 1,340 -1% 6% $173 89 -3% -18% 6.1 $206 7% .2% 92.8% 4% 1% 6% -1% 1% -3% 6% 7% 6% 0% -2% 6% 0% 0% 6% 5% 3% -0% 7% 6% $173 6% 5% -2% -18% 6.1 -2% 3% of 92.8% Properties .4% Number .2% 0% Sold -0% * 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 500 Number of Properties Sold 450 3 Mo Avg 400 350 400 300 350 250 300 200 Prices 14 The Median Sales Price in April was $282,750, up 1.0% from 500 Prices $280,000 in April of 2016 and down 2.5% from $290,000 last The Median Sales Price Sales in April was in $282,750, 1.0% from down month. The Average Price April was up $389,998, 500 450 $280,000 in $399,795 April of 2016 and down 2.5% $290,000 last 2.5% from in April of 2016 and from down 15.5% from month. The last Average Sales Price in April down $461,610 month. April 2017 ASP was was $389,998, at a mid range 450 400 2.5% from $399,795 in April 2016 and down 15.5% from compared to April of 2016 of and 2015. $461,610 last month. April 2017 ASP was at a mid range 400 350 326 368 15 16 265 317 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 compared to April of 2016 and 2015. 0 50 100 200 100 150 50 250 150 17 Median Sales Price and Average Sales Price 3 Mo Avg 350 300 300 250 250 200 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 200 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 2,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a 1,000 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 4.9 a 1,000 500 higher MSI is better for buyers. 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