FL ARCHIVED August 2017 | Page 90

Market Action Report August 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report August 2017 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other

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
$ 500,000
0 %
14 %
Average List Price of all Current Listings
$ 1,169,491
2 %
21 %
August Median Sales Price
$ 297,000
-4%
-3%
-4%
6 %
$ 293,000
6 %
5 %
August Average Sales Price
$ 600,024
16 %
16 %
34 %
30 %
$ 485,934
7 %
5 %
Total Properties Currently for Sale ( Inventory )
2,047
-4%
-17%
August Number of Properties Sold
217 -25%
-28%
2,447
-3%
August Average Days on Market ( Solds )
87
-1%
-8% -29% -19%
94
-15%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 331
-4%
-4%
9 %
6 %
$ 335
9 %
8 %
August Sold Price per Square Foot
$ 301
10 %
10 %
24 %
22 %
$ 263
8 %
6 %
August Month ' s Supply of Inventory
9.4
28 %
28 %
16 %
14 %
7.8
-8%
-6%
August Sale Price vs List Price Ratio
93.9 %
-. 6 % -. 3 %
. 1 %
-. 1 %
94.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
450
August Property sales were 217 , down 28.4 % from 303 in
August of 2016 and 24.9 % lower than the 289 sales last month .
400
Number of Properties Sold
3 Mo Avg
Property
August 2017 Sales sales were at their lowest level compared to August
450
350
August of 2016 Property and 2015 sales . August were 217 YTD , down sales 28.4 of 2,447 % from are 303 running 3.4 %
August of 2016 and 24.9 % lower than the 289 sales last month .
400 behind last year ' s year-to-date sales of 2,532 .
300
August 2017 sales were at their lowest level compared to August
350
250
of 2016 and 2015 . August YTD sales of 2,447 are running 3.4 % behind last year ' s year-to-date sales of 2,532 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 297,000 , down 4.2 %
Prices from $ 310,000 in August of 2016 and down 4.2 % from
The
$ 310,000 Median last Sales month Price . in The August Average was $ Sales 297,000 Price , down in August 4.2 % was
700 from
$ 600,024 $ 310,000 , up in 34.4 August % from of 2016 $ 446,583 and down in August 4.2 % from of 2016 and up
$ 310,000 last month . The Average Sales Price in August was
650
16.3 % from $ 515,833 last month . August 2017 ASP was at the
$ 600,024 , up 34.4 % from $ 446,583 in August of 2016 and up
600 highest level compared to August of 2016 and 2015 .
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
700
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
16.3 % from $ 515,833 last month . August 2017 ASP was at the
highest level compared to August of 2016 and 2015 .
306 273 236 343 242 254
306 273 236 343 242 254 373 347 362 370 394 315 354 305 257 348 239 289 362 337 345 360 297 303 331 268 279 306 241 236 368 331 361 404 289 217
650 600 550 500 450 400 350 300 250 200
550
500
450
400
350
300
250
200
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 2,047 Inventory , down 3.7 of % Properties from 2,126 available last month for sale and as down of August 17.0 %
3,000 was from 2,047 2,467 , down in August 3.7 % from of last 2,126 year last . August month and 2017 down Inventory 17.0 % was at
3,000
2,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
from its lowest 2,467 in level August compared of last with year . August of 2017 2016 Inventory and 2015 was . at its lowest level compared with August of 2016 and 2015 .
2,500
2,000
10.0
8.0
2,000
1,500
8.0
6.0
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The August 2017 MSI of 9.4 higher months MSI was is better at its highest for buyers level . The compared August 2017 with MSI August of 9.4
500 of 2016
500
2.0 months and 2015 was
. at its highest level compared with August of 2016
0 and 2015 .
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
4.0
2.0
0.0
373 347 362 370 394
2,317 2,398 2,401 2,349 2,524 2,600 2,463 2,444 2,374 2,327 2,317 2,271 2,246 2,339 2,380 2,324
2,495
Number of Properties Sold
315 354 305
2,317 2,398 2,401 2,349 2,524 2,600 2,463 2,444 2,374 2,327 2,317 2,271 2,246 2,339 2,380 257 348 239 289
2,729
2,324 2,724 2,729 2,679 2,603
362 337 345 360 297
2,495 2,729 2,724 2,729 2,679 2,603 2,523 2,467 303 331 268 279 306 241 236 368
2,523 2,467 2,344 2,358 2,370 2,313 2,460 2,423 2,424 2,279 2,182 2,148 2,126 2,047
331
2,344 2,358 2,370 2,313 2,460 2,423 2,424 2,279 2,182 2,148
361
3 Mo Avg
404
2,126
2,047 289 217
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
90 | c o l d w e l l b a n k e r h o m e s . c o m
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 .