FL ARCHIVED April 2018 | Page 74

County: Lee County: Lee Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con 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 Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales April Property sales were 2,086, up 20.1% from 1,737 in April of 2017 and 11.6% higher than the 1,869 sales last month. April Property 2018 sales Sales were at their highest level compared to April of 2017 2,500 2,000 April sales were 2,086, up 20.1% 1,737 in April of of and Property 2016. April YTD sales of 6,559 are from running 7.1% ahead 2017 11.6% higher than the of 1,869 sales last month. April last and year's year-to-date sales 6,126. 1,500 2018 sales were at their highest level compared to April of 2017 and 2016. April YTD sales of 6,559 are running 7.1% ahead of last year's year-to-date sales of 6,126. 93% 92.6% 92.5% 91% The Median Sales Price in April was $242,500, up 4.5% from 400 Prices $232,000 in April of 2017 and up 1.0% from $240,000 last The Median Sales Price Sales in April was in $242,500, 4.5% from up 9.3% month. The Average Price April was up $346,891, 400 $232,000 in April in of April 2017 of and up and 1.0% up from $240,000 last from $317,484 2017 4.9% from $330,667 last 350 month. Average Price at in the April was $346,891, up 9.3% to month. The April 2018 Sales ASP was highest level compared from April of 2017 and up 4.9% from $330,667 last 350 300 April $317,484 of 2017 in and 2016. month. April 2018 ASP was at the highest level compared to April of 2017 and 2016. 90% 89% 200 Inventory / New Listings / Sales 7,000 3,000 5,000 150 6,000 4,000 300 250 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 16 17 18 Inventory / New Listings / Sales 2,000 Inventory & MSI 3 Mo Avg 200 150 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 16 A M J J A S O N D J F M 17 M J 15 J A S O N D J F M A M J J A S O N D J F M A 18 15 16 17 18 The Total Inventory Inventory & MSI of Properties available for sale as of April 12,000 was Total 9,729, up 2.1% of from 9,525 available last month from The Inventory Properties for and sale up as 8.1% of April 12,000 9,003 in April of last year. April 2018 Inventory was at its was 9,729, up 2.1% from 9,525 last month and up 8.1% from 10,000 9,003 in April last year. with April April 2018 of Inventory at its highest level of compared 2017 and was 2016. 10,000 8,000 highest level compared with April of 2017 and 2016. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 6,000 6,000 0 Median Sales Price and Average Sales Price 250 8,000 1,000 M J J A S O N D J Median F M A M Sales J J A Price S O N and D J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 15 16 17 18 Prices 93.7% 94% 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 16 17 18 A comparatively lower MSI is more beneficial for sellers while a 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 95% 0 0 500 3 Mo Avg 92% This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2018 was 1,098, down 22.1% from 1,410 last month and down 1.3% from 1,112 in April of last year. 1,500 1,000 Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 3 Mo Avg 2,000 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price Number of Properties Sold 1,000 500 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 16 17 18 The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2018 Selling Price vs Original List Price of 92.6% was down from 93.1% last month and up from 92.5% in April of last year. 3 Mo Avg 2,500 277 277 275 -6% 3% 7% 1% 0% $183 4% 2% 6% 9% $179 5% 7% 4.7 -8% -17% -10% -22% 6.0 -7% 1% of 94.1% Properties 94.2% .1% .2% .4% Number .4% 0% Sold 0% April Month's Supply of Inventory 300 290 280 270 260 250 240 230 220 210 200 April Sale Price vs List Price Ratio April Sold Price per Square Foot * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 3 Mo Avg Selling Price per Square Foot Selling Price per Square Foot April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) 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 16 17 18 April Average Days on Market (Solds) 7% 4% -6% 9% 4% 5% -6% -7% 3% 0% 0% $193 6,559 7% 9% $179 80 -6% -22% 6.0 $193 4% .4% 94.1% 0 $237,500 6,559 3% $339,568 6% -9% 80 20 Trending versus*: Prior YTD 3% Prior Year 4% 6% YTD $237,500 11% $339,568 6% 9% 60 Trending versus*: Prior YTD Prior Year YTD 86 80 40 The Selling Price per Square Foot is a great indicator for the direction of Property values. Sin ce Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2018 Selling Price per Square Foot of $277 was down 1.8% from $282 last month and down 0.0% from 277 in April of last year. $299,900 -3% -2% Other $485,494 Trending -2% versus*: 1% Month LM 1% L3M 2% PYM 5% LY $242,500 $299,900 -3% 5% 2% -2% 9% $346,891 $485,494 9,729 -2% 2% 1% 8% $242,500 2,086 1% 12% 2% 5% 20% 6% $346,891 5% 2% 9% 11% 77 -4% -4% -5% 9,729 2% 8% $187 -2% -3% 5% 2,086 12% 20% $183 4% 2% 6% 77 -4% -4% -5% -9% 4.7 -8% -17% -10% $187 -2% -3% 5% 0% 94.2% .1% .2% .4% Average List Price of all Current Listings 100 105 106 Trending versus*: L3M PYM LY 120 LM The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 105, down 2.8% from 108 days last month and down 0.9% from 106 days in April of last year. The April 2018 DOM was at a mid level compared with April of 2017 and 2016. Phone Month Website 3 Mo Avg 140 April 2018 Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties Market Time Title Phone Agent Name Website Other Title Price Range: All | Properties: SFH - Con Agent Name Market Action Report Community Information | School District Lee County Title Phone Website Other April 2018 Agent Name Naples City: Naples Market Action Report April 2018 Market Action Report 4,000 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 4,000 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2018 MSI while of 4.7 a higher MSI is better for buyers. April 2018 of of 4.7 2017 and 2,000 2,000 months was at its lowest level The compared with MSI April months 0 2016. was at its lowest level compared with April of 2017 and Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con 0 2016. M J J Area A S O of N REALTORS, D J F M A Coast M J J A of S REALTORS, O N D J F M Association A M J REALTORS J A S and O N not D J F M A Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, M J J Navarre A S O N Board D J F M A Emerald M J J A Association S O N D J F M Pensacola A M J J A S of O N D J F may M A reflect all relevant real estate 15 16 17 18 does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction. 15 16 17 18 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 16 17 18 74 | c o l d w e l l b a n k e r h o m e s . c o m Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con c o l dw el l b a n k er h o m es . c o m | 75 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, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.