FL ARCHIVED December 2017 | Page 98

Market Action Report December 2017
Weston Community Information Website | School District
Market Action Report December 2017

City : Weston

Price Range : All | Properties : SFH - Con
Agent Name

Weston Community Information Website | School District

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
$ 589,900
-2%
8 %
Average List Price of all Current Listings
$ 804,195
1 %
3 %
December Median Sales Price
$ 521,000
8 %
12 %
18 %
18 %
$ 451,500
3 %
3 %
December Average Sales Price
$ 624,802
18 %
22 %
35 %
28 %
$ 509,056
5 %
4 %
Total Properties Currently for Sale ( Inventory )
375
-9%
-7%
December Number of Properties Sold
44 -24%
-47%
929
-12%
December Average Days on Market ( Solds )
90
6 %
15 %
23 %
18 %
69
-9%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 189
1 %
-1%
-4%
-2%
$ 196
2 %
2 %
December Sold Price per Square Foot
$ 176
-4%
1 %
-1%
-3%
$ 182
0 %
0 %
December Month ' s Supply of Inventory
8.5
19 %
10 %
76 %
51 %
6.5
15 %
15 %
December Sale Price vs List Price Ratio
91.6 %
-. 8 % -1.5% -3.4% -3.5%
94.5 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
160
December Property sales were 44 , down 47.0 % from 83 in
December of 2016 and 24.1 % lower than the 58 sales last month .
140
Number of Properties Sold
3 Mo Avg
Property
December Sales 2017 sales were at their lowest level compared to
160
December Property of 2016 sales and were 2015 . 44 December , down 47.0 YTD % from sales 83 of in 929 are
December of 2016 and 24.1 % lower than the 58 sales last month .
140 running 11.6 % behind last year ' s year-to-date sales of 1,051 .
120
100
December 2017 sales were at their lowest level compared to
December of 2016 and 2015 . December YTD sales of 929 are running 11.6 % behind last year ' s year-to-date sales of 1,051 .
120
100
80
60
80
40
60
20
40
0
20
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 $ 521,000 , up 18.4 %
Prices from $ 440,000 in December of 2016 and up 8.4 % from
The
$ 480,477 Median last Sales month Price . in The December Average was Sales $ 521,000 Price in , up December 18.4 % was
700 from
$ 624,802 $ 440,000 , up in 34.7 December % from $ of 463,992 2016 and in up December 8.4 % from of 2016 and
$ up 480,477 17.8 % last from month $ 530,272 . The Average last month Sales . December Price in December 2017 ASP was was
650
$ at 624,802 the highest , up 34.7 level % from compared $ 463,992 to December in December of 2016 of 2016 and and 2015 .
600
J
F M A M J
15
700
650
600
550
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 17.8 % from $ 530,272 last month . December 2017 ASP was at the highest level compared to December of 2016 and 2015 .
550
500
500
450
450
400
400
350
350
300
300
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
The
December Total Inventory was 375 of , down Properties 9.4 % available from 414 for last sale month as of and down
December
6.9 % from was 403 375 in , down December 9.4 % from of last 414 year last . December month and 2017 down
600
6.9
Inventory % from 403 was in at December its lowest of level last compared year . December with December 2017 of
500
Inventory
2016 and was 2015 at . its lowest level compared with December of
2016 and 2015 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The December 2017 MSI of 8.5 higher months MSI was is better at its highest for buyers level . The compared December with 2017 December MSI of 8.5 of
100 months
2016 and was 2015 at its . highest level compared with December of
2016 and 2015 .
0
200
4.0
100
2.0
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 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
4.0
2.0
0.0
62 60 100 82 104 125 115 106 94 78 78 98 63 68 73 98 104 136 88 103 94 82 59 83 51 57 98 102 113 118 102 75 51 60 58 44
507 486
62 507
60 486
100 497
497 481 475
Title Phone
Other
82 481
104 475
472 478
125 472
459 438
115
478 106
459
414 384
94
438 414
78
385 417
78
384 466 385
Number of Properties Sold
98 63
500 512
417 466
68 500
519 528
73 512
98 519
538 509
104 528
136 538
88 509
450 439 429
103 450
94 439
403 440
82 429
59 403
445 458
83 440
470 457
51 445
57 458
98
470
506 514 491
102
457 506
113
446 455
514 118
491 102
414 375
446 75
455 51 414
3 Mo Avg
60
375 58 44
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
98 | 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 .