FL ARCHIVED April 2018 | Page 82
Market Action Report
City: Fort Myers Beach
Price Range: All | Properties: SFH - Con
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)
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 47, equal to 47 in April of 2017 and
17.5% lower than the 57 sales last month. April 2018 sales were
Property
Sales
at their lowest
level compared to April of 2017 and 2016. April 70
April
sales are
were
47, equal
to ahead
47 in April
of 2017
YTD Property
sales of 170
running
1.8%
of last
year's and
year-to-
17.5%
than
the 57 sales last month. April 2018 sales were 60
date lower
sales of
167.
20
Prices
94%
93.7%
93.6%
93.6%
94%
93%
The Median Sales Price in April was $424,000, up 1.0% from
Prices
$420,000 in April of 2017 and up 2.9% from $412,000 last
The
Median
Sales
Price Sales
in April
was in
$424,000,
1.0% from up
month.
The
Average
Price
April was up
$590,810,
800
$420,000
in April
of 2017 in and
up of
2.9%
from
20.0% from
$492,487
April
2017
and $412,000
up 20.8% last
from
month.
The last
Average
Sales
Price
in April
up level 750
$488,981
month.
April
2018
ASP was
was $590,810,
at the highest
700
20.0%
from to
$492,487
April
of 2017
compared
April of in 2017
and
2016. and up 20.8% from
$488,981 last month. April 2018 ASP was at the highest level
compared to April of 2017 and 2016.
92%
92%
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
Inventory / New Listings / Sales
1,000
500
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Inventory & MSI
800
750
700
650
600
550
500
450
400
350
300
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
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
400
was Total
370, Inventory
up 0.8% from
367 last available
month and
up 19.4%
from 310
The
of Properties
for sale
as of April
400
350
in
April
of
last
year.
April
2018
Inventory
was
at
its
highest
level
was 370, up 0.8% from 367 last month and up 19.4% from 310
in compared
April of last
year.
April
2018 and
Inventory
with
April
of 2017
2016. was at its highest level 350 300
compared with April of 2017 and 2016.
300 250
250 200
200 150
A comparatively lower MSI is more beneficial for sellers while 150
a
100
A higher
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
MSI is better for buyers. The April 2018 MSI of 7.9
100
higher
MSI
is better
for buyers.
April 2018
MSI
of 7.9
50
months
was
at its highest
level The
compared
with
April
of 2017 and
50
months
0
2016. was at its highest level compared with April of 2017 and
2016.
Median Sales Price and Average Sales Price
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,500
2,000
2,500
3,000
3,500
650
600
550
500
450
400
350
300
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
15
16
17
18
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
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
15
16
17
18
0
0
10
10
3 Mo Avg
93%
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 707, down 19.9% from 883 last
month and up 9.4% from 646 in April of last year.
30
40
20
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
40
50
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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 93.6% was down from 93.8% last month and equal
to 93.6% in April of last year.
3 Mo Avg
50
30
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
Number of Properties Sold
60
at their lowest level compared to April of 2017 and 2016. April
YTD sales of 170 are running 1.8% ahead of last year's year-to-
date sales of 167.
3 Mo Avg
70
146
140
-5%
4%
-2%
-6%
1%
$411 9% 2% -0% 0%
$401
-6%
-2%
7.9 22% -14% 19% -19%
9.1
-2%
-6%
of 93.8%
Properties
93.3% -1.6% -.5% -.6% Number
.5%
0% Sold 1%
April Month's Supply of Inventory
148
150
145
140
135
130
125
120
115
110
105
100
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prio r 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)
April Number of Properties Sold
0
10
Asking Price per Square Foot (based on New Listings)
Total Properties Currently for Sale (Inventory)
-9%
170
2% -2%
-13%
104 -13% -4%
6%
$465
10%
170
2%
0%
$401
-6%
104 -13%
-5%
-19%
9.1
-2%
$465
10%
4%
.5%
93.8%
0%
20
$417,500
$510,518
-27%
40
Trending versus*:
Prior YTD -9%
Prior Year -2%
0% YTD
$417,500
11%
$510,518
-13%
-4%
50
Trending versus*:
Prior YTD Prior Year
YTD
60
30
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since 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 $148 was up
0.5% from $148 last month and up 1.5% from 146 in April of last
year.
$521,200
0%
5%
Other
$747,773 Trending
1% versus*: 4%
Month
LM 3%
L3M 2%
PYM 1%
LY
$424,000
$521,200
0% 21% 16%
5% 20%
$590,810
$747,773 370
1% 1%
4% 19%
$424,000 3%
2%
0%
47 -18% 1% 0%
$590,810 21%
16%
20%
11%
80 -23% -23% -40%
370 1%
19%
$473 5% 2% 20%
47 -18%
0%
$411 9% 2% -0%
80 -23% -23% -40% -27%
7.9 22% -14% 19%
$473 5% 2% 20% 6%
93.3% -1.6% -.5% -.6%
Average List Price of all Current Listings
67
70
Trending versus*:
L3M PYM
LY
74
78
80
LM
100
90
Phone
Month
Website
3 Mo Avg
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 74, down 6.3% from 79
days last month and down 5.1% from 78 days in April of last
year. The April 2018 DOM was at a mid level compared with
April of 2017 and 2016.
April 2018
Community Information | School District
Days On Market for Sold Properties
Market Time
Title
Phone
Agent
Name
Website
Other
Title
Community Information | School District
Price Range: All | Properties: SFH - Con
Agent Name
Title
Phone
Website
Other
Fort Myers Beach
City: Fort Myers Beach
Agent Name
April 2018
Fort Myers
Market Action Report
City: Fort Myers
April 2018
Market Action Report
0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
M J Navarre
J A Area
S O
N of D REALTORS,
J F M Emerald
A M Coast
J Association
J A S of O REALTORS,
N D J Pensacola
F M Association
A M J of J REALTORS
A S O and N may D not J reflect
F all
M relevant
A real estate
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,
Board
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.
82 | c o l d w e l l b a n k e r h o m e s . c o m
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
15
16
17
18
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
| 83
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.