Florida Market Viewpoint April 2017 - Page 92

Market Action Report April 2017 City: Fort Lauderdale/Fort Lauderdale Fort Lauderdale Beach April 2017 Market Action Report Agent Name Title Phone Agent Name Website Title Other City: Fort Lauderdale 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 $483,950 3% 15% Other $1,111,274 Trending 3% versus*: 18% Month LM 5% L3M 4% PYM 0% LY $290,000 $483,950 3% -7% -4% 15% -1% $442,190 $1,111,274 2,232 3% -6% 18% -18% $290,000 305 5% -15% 4% 0% -9% 4% $442,190 -7% -4% -1% -4% 95 1% 2% -13% 2,232 -6% -18% $339 2% 3% 9% 305 -15% -9% $257 0% 0% 3% 95 1% 2% -13% -11% 7.3 11% -9% -9% $339 2% 3% 9% 9% 94.8% 1.1% .8% .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 $257 0% 0% 7.3 11% -9% 94.8% 1.1% .8% 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 450 April Property sales were 305, down 9.5% from 337 in April of 2016 and 15.0% lower than the 359 sales last month. April 2017 400 Property sales were Sales at their lowest level compared to April of 2016 and 450 350 April Property sales sales were of 305, down from 7.6% 337 in April of 2015. April YTD 1,135 are 9.5% running behind last 2016 and 15.0% lower sales than of the 1,228. 359 sales last month. April 2017 400 300 year's year-to-date sales were at their lowest level compared to April of 2016 and 350 250 $278,000 1,135 4% $461,766 1% -11% 93 9% $330 1,135 -8% 4% $256 93 -9% -11% 8.5 $330 5% .8% 94.1% 1% -1% 0% -8% -1% -9% 0% 5% 4% -13% -4% 6% -0% -13% 6% 4% 4% 0% 3 Mo Avg 3 Mo Avg 300 200 394 0 50 50 100 250 150 200 100 150 Prices 14 15 The Median Sales Price in April was $290,000, equal to 600 Prices $290,000 in April of 2016 and up 4.5% from $277,500 last 550 The Median Sales Price Sales in April was in $290,000, to month. The Average Price April was equal $442,190, down 600 $290,000 in $448,532 April of 2016 and up 4.5% from $277,500 1.4% from in April of 2016 and down 7.3% last from 500 month. The last Average Sales Price in April down $477,188 month. April 2017 ASP was was $442,190, at the lowest level 550 450 1.4% from $448,532 in April of 2016 and down 7.3% from compared to April of 2016 and 2015. 500 $477,188 last month. April 2017 ASP was at the lowest level 450 400 16 348 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. $461,766 Number of Properties Sold 2015. April YTD sales of 1,135 are running 7.6% behind last year's year-to-date sales of 1,228. Trending versus*: YTD Prior YTD 4% Prior Year $278,000 4% -4% 3% 4% $256 4% 4% -9% -11% 8.5 -4% 4% of 94.1% Properties .4% Number .8% -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 17 Median Sales Price and Average Sales Price 3 Mo Avg 400 350 350 300 300 250 250 200 200 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 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 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 7.3 a higher MSI is better for level buyers. 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