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.