Florida Market Viewpoint April 2017 - Page 68

Market Action Report Venice City: Venice Agent Name Market Action Report City: Venice April 2017 Title Phone Agent Name Website Other Title 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 $299,000 6% 12% Other $365,447 Trending 4% versus*: 5% Month LM 2% L3M 3% PYM 8% LY $254,625 $299,000 6% 3% 3% 12% 10% $288,470 $365,447 821 4% -14% 5% 6% $254,625 256 2% -10% 3% 8% 2% 8% $288,470 3% 3% 10% 10% 68 -13% -6% 19% 821 -14% 6% $187 5% 4% 6% 256 -10% 2% $172 0% 1% 9% 68 -13% -6% 19% 13% 3.2 -4% -18% 4% $187 5% 4% 6% 7% 93.7% -.1% -.5% -1.4% 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 $172 0% 1% 9% 3.2 -4% -18% 4% 93.7% -.1% -.5% -1.4% 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 Trending versus*: Prior YTD 10% Prior Year 5% 8% YTD $247,000 10% $280,888 12% 7% $247,000 $280,888 13% 10% 877 12% 72 7% $179 877 9% 8% $171 72 26% -13% 4.5 $179 4% -1.1% 94.1% 9% 5% 26% 7% 4% 8% 20% 12% 3% -1% 20% 3% 7% 24% -1% 8% $171 8% 7% -13% 4.5 12% 24% Number of 94.1% Properties -1.1% -1% 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 350 April Property sales were 256, up 2.0% from 251 in April of 2016 and 10.5% lower than the 286 sales last month. April 2017 sales 300 Property Sales were at a mid level compared to April of 2016 and 2015. April 350 April sales are were 256, up 8.9% 2.0% ahead from 251 in April 2016 250 YTD Property sales of 877 running of last year's of year-to- and 10.5% than the 286 sales last month. April 2017 sales 300 date sales lower of 805. 200 were at a mid level compared to April of 2016 and 2015. April Prices 14 The Median Sales Price in April was $254,625, up 8.4% from Prices $235,000 in April of 2016 and up 1.9% from $249,950 last 290 The Median Sales Price Sales in April was in $254,625, up $288,470, 8.4% from up month. The Average Price April was 270 $235,000 in April of 2016 and up 1.9% from $249,950 last 10.1% from $261,907 in April of 2016 and up 2.9% from 290 month. The last Average Sales Price 2017 in April up level $280,434 month. April ASP was was $288,470, at the highest 270 250 10.1% from $261,907 in 2016 April and of 2016 and up 2.9% from compared to April of 2015. $280,434 last month. April 2017 ASP was at the highest level 250 230 214 15 16 Median Sales Price and Average Sales Price 160 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 50 100 100 150 3 Mo Avg 150 200 250 YTD sales of 877 are running 8.9% ahead of last year's year-to- date sales of 805. Number of Properties Sold 17 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 150 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 7.0 7.0 6.0 6.0 5.0 5.0 600 4.0 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 3.2 a 200 higher MSI is better for buyers. April 2017 MSI of 3.2 months was at its highest level The compared with April of 2016 and 200 months was at its highest level compared with April of 2016 and 0 2015. 3.0 600 0 2015. 68 | c 800 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of April was Total 821, Inventory down 13.9% from 953 available last month 6.5% from 771 1,200 The of Properties for and sale up as of April 1,200 in April of last 13.9% year. from April 2017 at its from highest was 821, down 953 last Inventory month and was up 6.5% 771 level 1,000 in compared April of last year. April 2017 Inventory with April of 2016 and 2015. was at its highest level 1,000 800 compared with April of 2016 and 2015. 2.0 1.0 0.0 4.0 3.0 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 16 17 . Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Range: Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Coldwell Realtors All | Property Types: SFH - Con o l d Residential w e l Real l b Estate a n / k e r Banker h o United, mes c o | Price m Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso Data is is provided courtesy of Greater Fort Fort Lauderdale REALTORS, REALTOR Association of Martin County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS PSԔ\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