FL ARCHIVED August 2017 | Page 141

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

City : Merritt Island

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
$ 395,000
0 %
-1%
Average List Price of all Current Listings
$ 614,823
-0%
13 %
August Median Sales Price
$ 263,500
-5%
-4%
15 %
11 %
$ 265,000
13 %
11 %
August Average Sales Price
$ 316,360
4 %
3 %
12 %
16 %
$ 305,396
12 %
12 %
Total Properties Currently for Sale ( Inventory )
297
-4%
13 %
August Number of Properties Sold
102
38 %
12 %
678
1 %
August Average Days on Market ( Solds )
49
29 %
9 %
-16% -16%
51
-12%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 176
5 %
3 %
14 %
13 %
$ 170
10 %
9 %
August Sold Price per Square Foot
$ 157
4 %
5 %
13 %
17 %
$ 149
13 %
10 %
August Month ' s Supply of Inventory
2.9 -30% -16%
0 %
-19%
3.5
-3%
-2%
August Sale Price vs List Price Ratio
94.6 %
-. 6 % -. 3 % 1.5 %
. 7 %
94.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
August Property sales were 102 , up 12.1 % from 91 in August of
2016 and 37.8 % higher than the 74 sales last month . August
Property
2017 sales Sales were at a mid level compared to August of 2016 and
120
100
August
2015 . Property August YTD sales sales were of 102 678 , up are 12.1 running % from 91 0.6 in % August ahead of last
2016 year and ' s year-to-date 37.8 % higher sales than of the 67474 . sales last month . August
100
2017 sales were at a mid level compared to August of 2016 and
80
2015 . August YTD sales of 678 are running 0.6 % ahead of last year ' s year-to-date sales of 674 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40 20
Number of Properties Sold
20
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 $ 263,500 , up 14.6 % from
Prices
$ 230,000 in August of 2016 and down 5.0 % from $ 277,500 last
The month Median . The Sales Average Price Sales in August Price was in August $ 263,500 was , up $ 316,360 14.6 % from , up
350
$
12.0 230,000 % from in August $ 282,494 of 2016 in August and down of 2016 5.0 % and from up $ 4.3 277,500 % from last month . The Average Sales Price in August $ 316,360 , up
330
$ 303,304 last month . August 2017 ASP was at the highest level
12.0 % from $ 282,494 in August of 2016 and up 4.3 % from
310 compared to August of 2016 and 2015 .
$ 303,304 last month . August 2017 ASP was at the highest level
290 compared to August of 2016 and 2015 .
270
250
230
210
190
170
150
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
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
150
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 297 , Inventory down 4.2 of % Properties from 310 last available month for and sale up as 12.5 of August % from was 264297 in , August down 4.2 of % last from year 310 . August last month 2017 and Inventory up 12.5 % was from at a mid
450
264 level in compared August of last with year August . August of 2016 2017 and Inventory 2015 . was at a mid
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
level compared with August of 2016 and 2015 .
350
300
6.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The August 2017 MSI of 2.9 higher MSI is better for buyers . The August 2017 MSI of 2.9
100 months was at a mid level compared with August of 2016 and months was at a mid level compared with August of 2016 and
50
2015 .
2015 .
0
250
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
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
S
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
14
15
16
17
A
78 94 58 75 61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 74 102
316
78 94 58 75 61 52 81 99 103 102
Number of Properties Sold
301
330 316
320 301
363 330
320 388
375 363
364 388
382 375 342 364
345 382
320 342
287 345
293
320 306 287 316 293 314 298
306
293 316
288 314
272 298
294 293
290 288
264 272
100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64
3 Mo Avg
88 95
257 294
250 290
257 264
265 257
259 250 258
257 283 265 284 259 309 258 314 283 310 284
297 309
100 314
3 Mo Avg
97
310 74
297 102
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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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