FL ARCHIVED August 2017 | Page 139

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Melbourne

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 298,639
3 %
13 %
Average List Price of all Current Listings
$ 348,693
0 %
9 %
August Median Sales Price
$ 240,000
4 %
3 %
14 %
17 %
$ 227,250
10 %
11 %
August Average Sales Price
$ 261,418
3 %
0 %
11 %
11 %
$ 255,216
9 %
8 %
Total Properties Currently for Sale ( Inventory )
604
0 %
-0%
August Number of Properties Sold
265
-1%
12 %
1,932
-2%
August Average Days on Market ( Solds )
46
28 %
24 %
12 %
-6%
43
-14%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 146
4 %
2 %
11 %
12 %
$ 140
9 %
8 %
August Sold Price per Square Foot
$ 133
3 %
0 %
11 %
12 %
$ 130
10 %
9 %
August Month ' s Supply of Inventory
2.3
1 %
3 %
-11% -16%
2.5
-8%
-8%
August Sale Price vs List Price Ratio
95.4 %
-. 2 % -. 8 % -. 7 %
. 3 %
95.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
August Property sales were 265 , up 11.8 % from 237 in August of
2016 and 0.7 % lower than the 267 sales last month . August
300
Property
2017 sales Sales were at their highest level compared to August of
350
August
2016 and Property 2015 . sales August were YTD 265 , sales up 11.8 of % 1,932 from are 237 running August 1.9 of %
250
2016 behind and last 0.7 % year lower ' s year-to-date than the 267 sales of last 1,969 month . . August
2017 sales were at their highest level compared to August of
300
200
2016 and 2015 . August YTD sales of 1,932 are running 1.9 %
250
behind last year ' s year-to-date sales of 1,969 .
150
200
100
150
100
50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 240,000 , up 14.3 % from
Prices
$ 210,000 in August of 2016 and up 4.3 % from $ 230,000 last
The month Median . The Sales Average Price Sales in August Price was in August $ 240,000 was , up $ 261,418 14.3 % from , up
300
$
11.4 210,000 % from in August $ 234,767 of 2016 in August and up of 4.3 2016 % from and $ up 230,000 3.4 % from last month . The Average Sales Price in August $ 261,418 , up
280
$ 252,787 last month . August 2017 ASP was at the highest level
11.4 % from $ 234,767 in August of 2016 and up 3.4 % from
260 compared to August of 2016 and 2015 .
$ 252,787 last month . August 2017 ASP was at the highest level
240 compared to August of 2016 and 2015 .
220
200
180
160
140
120
100
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
3 Mo Avg
300
Median Sales Price and Average Sales Price
280
3 Mo Avg
260
240
220
200
180
160
140
120
100
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
14 N D
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 604 , Inventory up 0.5 % from of Properties 601 last available month and for sale down as 0.3 of % August from 606 was in August 604 , up of 0.5 last % from year . 601 August last month 2017 Inventory and down 0.3 was % at from its lowest 606
800
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.5
in level August compared of last year with . August 2017 of 2016 Inventory and 2015 was . at its lowest level compared with August of 2016 and 2015 .
700
600
500
4.0
3.5
3.0
600 500
400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 2.3 a
higher MSI is better for buyers . The August 2017 MSI of 2.3
200 months was at its lowest level compared with August of 2016 months was at its lowest level compared with August of 2016 100 and 2015 . and 2015 .
0

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

218 225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 220 271 297 267 265
672
400 300 200 100 0
S
14
218 225 177 235 180 204 254 216 260 270
Number of Properties Sold
689
682 672
632 689
642 682
648 632
664 642
660 648
663 664 665 660
643 663
622 665
624
643
659 622 677 624 668
659 687 671
677
635 668
638 687
594 671
655 635
639 638
606 594
279 247 227 197 192 207
3 Mo Avg
583 655
611 639
625 606
590 583
583 611 556 625
568 590
579
583 602 556 619 568
601 579
604 602
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 O N D J F M A 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
14 15 16
17 15
16
17
174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 220 271 619
3 Mo Avg
297
601 267
604
2.5 2.0 1.5 1.0 0.5 0.0
F M A M J J A
265
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 Asso 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 .
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