FL ARCHIVED August 2017 | Page 88

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

City : Coral Springs

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
$ 394,500
3 %
14 %
Average List Price of all Current Listings
$ 402,891
3 %
16 %
August Median Sales Price
$ 376,250
5 %
5 %
14 %
16 %
$ 349,000
8 %
7 %
August Average Sales Price
$ 355,213
1 %
6 %
17 %
18 %
$ 322,227
8 %
7 %
Total Properties Currently for Sale ( Inventory )
414
-8%
-40%
August Number of Properties Sold
162
7 %
-26%
1,241
-18%
August Average Days on Market ( Solds )
41 -18% -11% -50% -47%
52
-36%
-32%
Asking Price per Square Foot ( based on New Listings )
$ 170
1 %
2 %
10 %
12 %
$ 164
9 %
8 %
August Sold Price per Square Foot
$ 163
0 %
1 %
12 %
14 %
$ 156
10 %
9 %
August Month ' s Supply of Inventory
2.6 -14% -4% -19% -33%
3.1
-27%
-17%
August Sale Price vs List Price Ratio
97.0 %
. 2 %
. 2 %
. 0 %
. 5 %
96.7 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
August Property sales were 162 , down 26.4 % from 220 in
August of 2016 and 7.3 % higher than the 151 sales last month .
Property
August 2017 Sales sales were at their lowest level compared to August
250
200
August of 2016 Property and 2015 sales . August were 162 YTD , down sales 26.4 of 1,241 % from are 220 running 17.8 %
August behind of last 2016 year and ' s 7.3 year-to-date % higher than sales the of 151 1,509 sales . last month .
August 2017 sales were at their lowest level compared to August
200
150
of 2016 and 2015 . August YTD sales of 1,241 are running 17.8 %
behind last year ' s year-to-date sales of 1,509 .
150
100
Agent Name

Coral Springs Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
Prices The Median Sales Price in August was $ 376,250 , up 14.0 % from
Prices $ 330,000 in August of 2016 and up 4.5 % from $ 360,000 last 390 The month Median . The Sales Average Price Sales in August Price was in August $ 376,250 was , up $ 14.0 355,213 % from , up $ 17.5 330,000 % from in August $ 302,432 of 2016 in August and up of 4.5 2016 % from and $ up 360,000 1.1 % from last 370
390 month $ 351,331 . The last Average month Sales . August Price 2017 in August ASP was $ at 355,213 the highest , up level
17.5 % from $ 302,432 in August of 2016 and up 1.1 % from 370
350 compared to August of 2016 and 2015 . $ 351,331 last month . August 2017 ASP was at the highest level 350 330
compared to August of 2016 and 2015 .
330 310
50
0
0
310 290
290 270
146 188
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
14
15
16
17
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
15
16
17
J
A
3 Mo Avg
Median Sales Price and Average Sales Price
146 188 133 171 121 131 163 183 165 197 192 192 172 166 134 202 131 145 170 195 216 230 202 220 216 170 150 157 96 134 159 150 188 201 151 162
S O N D
14
133 171 121 131
270
250
250
S
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
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
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 414 , Inventory down 8.2 of % Properties from 451 last available month for and sale down as of 40.3 August % from
1,200 was 694414 in , August down 8.2 of % last from year 451 . August last month 2017 and Inventory down 40.3 was % from at its
1,200
1,000
694 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its lowest level compared with August of 2016 and 2015 .
1,000
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
7.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The August 2017 MSI of 2.6 higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 2.6 of 2016
200 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
800
6.0
5.0
400
4.0
3.0
200
2.0
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 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 M J
J A
14
15
16
17
14
15
16
17
600
163 183
979 937 937 907 934 864 857 823 816 844
165
979 937 937 907 934 864 857 823 816 197 192 192 172 166
834 781 757 773 705 665 720 134 202
844 834 781 757 773 705 665
131 720
145 170
795 826 843 797 791 793
195 694
216
561 230 202
795 826 843 797 791 793
694 220
561 216 170 150 157 96 134 159
3 Mo Avg
457 453 442 472 461 471 480 486 486 451 414 150 188
457 453 442 472 461 471 480 486 486
201 151
451 414
162
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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