FL ARCHIVED December 2017 | Page 90

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

Fort City : 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
$ 499,900
2 %
10 %
Average List Price of all Current Listings
$ 1,198,685
3 %
12 %
December Median Sales Price
$ 257,500
1 %
3 %
-11%
-8%
$ 285,000
2 %
2 %
December Average Sales Price
$ 470,411
26 %
19 %
-7%
2 %
$ 473,364
3 %
3 %
Total Properties Currently for Sale ( Inventory )
2,077
-2%
-11%
December Number of Properties Sold
78
-6%
-75%
2,763
-26%
December Average Days on Market ( Solds )
80 -22% -13% -11% -25%
93
-14%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 313
5 %
7 %
2 %
3 %
$ 319
5 %
5 %
December Sold Price per Square Foot
$ 221
-4%
2 %
-16%
-9%
$ 251
4 %
4 %
December Month ' s Supply of Inventory
26.6
5 %
-5% 252 % 222 %
15.3
85 %
85 %
December Sale Price vs List Price Ratio
91.8 %
. 0 %
-. 7 % -2.0% -2.3%
94.0 %
-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
December Property sales were 78 , down 74.7 % from 308 in
December of 2016 and 6.0 % lower than the 83 sales last month .
400
Property
December Sales 2017 sales were at their lowest level compared to
450
350
December Property of 2016 sales and were 2015 . 78 December , down 74.7 YTD % from sales 308 of in 2,763 are
December of 2016 and 6.0 % lower than the 83 sales last month .
400 running 26.1 % behind last year ' s year-to-date sales of 3,739 .
300
December 2017 sales were at their lowest level compared to
350
250
December of 2016 and 2015 . December YTD sales of 2,763 are running 26.1 % behind last year ' s year-to-date sales of 3,739 .
300
200
250
150
243 255 374 348 362 371 399 315 355
Number of Properties Sold
306
243 255 374 348 362 371 399 315 355 306 258 353 240 291 363 338 345 366 300 306 331 271 280 308 242 239 372 337 365 406 294 227 54 66 83 78
2,531 2,611 2,474 2,449 2,387 2,336 2,325 2,274 2,250 2,338 2,399 2,331
2,510 258
Number of Properties Sold
200
100
150
50
100
0
50
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
0
15
16
17
Prices
The Median Sales Price in December was $ 257,500 , down 11.1 %
Prices from $ 289,500 in December of 2016 and up 1.0 % from
The
$ 255,000 Median last Sales month Price . in The December Average was Sales $ 257,500 Price in , down December 11.1 % was
600 from
$ 470,411 $ 289,500 , down in 6.8 December % from of $ 504,585 2016 and in up December 1.0 % from of 2016 and
$ up 255,000 26.0 % last from month $ 373,360 . The Average last month Sales . Price December in December 2017 ASP was was
550
$ at 470,411 the lowest , down level 6.8 % compared from $ 504,585 to December in December of 2016 of 2016 and 2015 and .
500
J
F M A M J
15
600
550
500
450
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
up 26.0 % from $ 373,360 last month . December 2017 ASP was at the lowest level compared to December of 2016 and 2015 .
450
400
400
350
350
300
300
250
250
200
200
J
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
15
16
17
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
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
December Total Inventory was 2,077 of , Properties down 1.6 % available from 2,110 for sale last as month of and
3,000
December down 10.9 was % from 2,0772,331 , down in 1.6 December % from 2,110 of last year month . December and
3,000
45.0
2,500 down 201710.9 Inventory % from was 2,331 at in its December lowest level of last compared year . December with December
40.0
2,500
2017 of 2016 Inventory and 2015 was . at its lowest level compared with December
2,000
35.0 of 2016 and 2015 .
2,000
30.0
1,500
25.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
20.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
15.0 higher MSI is better for buyers . The December 2017 MSI of
500 higher MSI is better for buyers . The December 2017 MSI of
10.0
26.6 months was at its highest level compared with December of
500
26.6 months was at its highest level compared with December of
5.0
2016 and 2015 .
0
2016 and 2015 .
0
0.0
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 S O N D
15
16
17
15
16
17
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
2,531 2,611 2,474 2,449 2,387 2,336 2,325 2,274 2,250 2,338 2,399 353 240 291 363
2,741 2,331 2,742 2,753 2,694 2,627
338 345 366 300 306 331 271
2,510 2,741 2,742 2,753 2,694 2,627 2,546 2,487 2,363 2,380 2,392 280 308 242 239 372
2,546 2,487 2,363 2,380 2,392 2,331 2,483 2,446 2,444 2,299 2,206 2,172 2,164 2,089 337 365 406
2,063 2,092 2,110 2,077
3 Mo Avg
294 227
2,331 2,483 2,446 2,444 2,299 2,206 2,172 2,164 2,089 2,063 2,092
54
3 Mo Avg
66
2,110
2,077 83 78
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 Assoc
90 | c o l d w e l l b a n k e r h o m e s . c o m 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 .