Florida Market Viewpoint April 2017 - Page 193

Market Action Report City: Pensacola Pensacola Agent Name Market Action Report City: Pensacola 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 $197,538 6% 27% Other $271,576 Trending 5% versus*: 28% Month LM 3% L3M 3% PYM -1% LY $149,000 $197,538 6% 10% 6% 27% -3% $177,168 $271,576 1,160 5% -6% 28% -18% $149,000 327 3% -9% 3% -1% -13% 6% $177,168 10% 6% -3% 7% 71 -13% -12% -20% 1,160 -6% -18% $110 0% 2% 8% 327 -9% -13% $100 10% 6% 4% 71 -13% -12% -20% -15% 3.5 4% -8% -6% $110 0% 2% 8% 12% 94.8% .4% .6% .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 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 $100 10% 6% 3.5 4% -8% 94.8% .4% .6% 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 327, down 13.0% from 376 in April of 2016 and 9.4% lower than the 361 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 327, down from 376 behind in April last of 2015. April YTD 1,199 are 13.0% running 1.6% 450 2016 and 9.4% lower sales than the 361 sales last month. April 2017 year's year-to-date of 1,218. sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 1,199 are running 1.6% behind last year's year-to-date sales of 1,218. Trending versus*: YTD Prior YTD 7% Prior Year $144,000 6% 7% $166,955 3% 1% 2% $144,000 1,199 7% $166,955 2% -15% 81 -2% 3% -13% 1% 12% $108 11% 1,199 -2% 12% $94 8% 81 -13% -4% -16% 4.1 -18% $108 11% 10% .9% 94.3% 1% -4% 10% 6% -3% 0% 4% 12% $94 8% 6% -6% -16% 4.1 -18% -3% of 94.3% Properties .4% Number .9% 1% 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 170 160 150 140 130 120 110 100 14 200 190 180 170 160 150 140 130 120 110 100 219 310 17 Median Sales Price and Average Sales Price 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 Inventory & MSI Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,500 1,000 1,000 A comparatively lower MSI is more beneficial for sellers while a 381 365 16 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 2,000 was Total 1,160, down 6.1% from 1,235 last month and as down 18.0% The Inventory of Properties available for sale of April from 1,414 in April last 1,235 year. last April 2017 and Inventory was at its 2,000 was 1,160, down 6.1% of from month down 18.0% from 1,414 in April of last with year. April April of 2017 Inventory was at its lowest level compared 2016 and 2015. 1,500 lowest level compared with April of 2016 and 2015. 15 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 last month. April 2017 ASP was at a mid range 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 0 The Median Sales Price in April was $149,000, down 0.7% from Prices $150,000 in April of 2016 and up 2.8% from $145,000 last The Median Sales Price Sales in April was in $149,000, 0.7% from month. 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