Florida Market Viewpoint April 2017 - Page 29

Market Action Report City: Palm Harbor Palm Harbor Agent Name Community Information | School District Price Range: All | Properties: SFH - Con Phone Website Month Other $293,730 Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con LM Trending versus*: L3M PYM LY 3% 18% $387,195 Trending 3% versus*: 16% Month LM 35% L3M 18% PYM 18% LY $265,000 $293,730 3% 20% 13% 18% 10% $294,400 $387,195 3% 16% 436 -11% -19% $265,000 35% 18% 18% 16% 177 -10% 7% $294,400 20% 13% 10% 15% 94 16% 9% 71% 436 -11% -19% $153 -6% -3% 7% 177 -10% 7% $148 7% 6% 94 16% 9% 71% 8% 54% $153 2.5 -6% -1% -3% -15% 7% -25% 5% $148 94.6% 7% .2% 6% -.2% 8% -.9% 9% 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 Listings Total Properties Currently for Sale (Inventory) April Median Sales Price April 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 Inventory Asking Price per Supply Square of Foot (based on New Listings) April Sold Sale Price Price per vs Square List Price April Foot Ratio Trending versus*: $224,900 $259,515 10% -2% 608 9% 54% 86 5% $157 608 11% 9% 86 $140 32% -27% $157 3.4 11% -.2% $140 94.8% 9% 11% 1% 32% 11% 9% 41% -15% 8% 0% 3% 41% 8% 3% -0% -0% 2.5 -1% -15% -25% -27% 3.4 -15% -0% of 94.8% Properties 94.6% .2% -.2% -.9% Number -.2% 0% Sold -0% 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 250 April Property sales were 177, up 7.3% from 165 in April of 2016 and 10.2% lower than the 197 sales last month. April 2017 sales Property Sales were at a mid level compared to April of 2016 and 2015. April 250 200 April Property sales were 177, up 7.3% from 165 in April of 2016 YTD sales of 608 are running 10.9% ahead of last year's year-to- and 10.2% lower than the 197 sales last month. April 2017 sales date sales of 548. 200 150 were at a mid level compared to April of 2016 and 2015. April 3 Mo Avg Number of Properties Sold 3 Mo Avg 150 100 Prices 166 14 15 The Median Sales Price in April was $265,000, up 17.8% from Prices $225,000 in April of 2016 and up 34.9% from $196,500 last 290 The Median Sales Price Sales in April was in $265,000, 17.8% from month. The Average Price April was up $294,400, up $225,000 in April of 2016 and up 34.9% from $196,500 last 290 270 10.5% from $266,469 in April of 2016 and up 20.0% from month. The last Average Sales Price in April up level $245,296 month. April 2017 ASP was was $294,400, at the highest 270 250 10.5% from $266,469 in April of 2016 and up 20.0% from compared to April of 2016 and 2015. $245,296 last month. April 2017 ASP was at the highest level 250 230 Median Sales Price and 16 Average Sales Price 95 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 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 0 0 50 50 100 YTD sales of 608 are running 10.9% ahead of last year's year-to- date sales of 548. Trending versus*: Prior YTD Prior Year YTD Prior YTD 10% Prior Year -2% 16% YTD $224,900 15% $259,515 9% 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 compared to April of 2016 and 2015. April 2017 Title Phone Agent Name Website Title Other Market Action Report City: Palm Harbor April 2017 17 Median Sales Price and Average Sales Price 3 Mo Avg 3 Mo Avg 230 210 210 190 190 170 170 150 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 Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI 7.0 6.0 5.0 4.0 5.0 6.0 300 7.0 400 400 Total Inventory & Month's Supply of Inventory (MSI) 500 Inventory & MSI of Properties available for sale as of April The Total Inventory 700 The of Properties for sale of April was Total 436, Inventory down 10.8% from 489 available last month and as down 19.1% 700 was 436, down 10.8% 489 last month down 19.1% from 539 in April of from last year. April 2017 and Inventory was at its 600 from 539 level in April of last year. April 2017 Inventory was at its 600 lowest compared with April of 2016 and 2015. 500 lowest level compared with April of 2016 and 2015. 150 300 3.0 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200 200 2.0 higher MSI is better for buyers. The April 2017 MSI of 2.5 higher MSI is better for buyers. 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