Florida Market Viewpoint July 2017 - Page 132

Market Action Report City: Wellington Wellington Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District Trending versus*: L3M PYM LY 3 Mo Avg Prices 14 The Median Sales Price in July was $385,000, down 2.2% from 1,000 Prices $393,500 in July of 2016 and down 1.3% from $390,250 last The Median Sales Price Sales in July Price was $385,000, 2.2% from month. The Average in July was down $403,869, down 1,000 900 $393,500 in July of 2016 in and down 1.3% and from down $390,250 22.9% from $523,685 July of 2016 25.8% last from month. The last Average Sales Price in July down 900 800 $544,575 month. July 2017 ASP was was $403,869, at a mid range 22.9% from $523,685 July and of 2016 compared to July of in 2016 2015. and down 25.8% from 800 700 15 16 116 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 14 15 16 17 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 Median Sales Price and Average Sales Price M J J 3 Mo Avg 0 $544,575 last month. July 2017 ASP was at a mid range compared to July of 2016 and 2015. 0 20 20 40 40 60 60 80 80 100 120 2015. July YTD sales of 741 are running 1.2% behind last year's year-to-date sales of 750. Number of Properties Sold 180 July Property sales were 103, down 11.2% from 116 in July of 160 2016 and 15.6% lower than the 122 sales last month. July 2017 Property sales were Sales at their lowest level compared to July of 2016 and 180 140 July Property sales sales were of 103, 11.2% from 116 behind in July last of year's 2015. July YTD 741 down are running 1.2% 160 120 2016 and 15.6% sales lower year-to-date of than 750. the 122 sales last month. July 2017 sales were at their lowest level compared to July of 2016 and 140 100 3 Mo Avg July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales -4% 10% -2% -1% -0% $175 -14% -11% -3% -14% $199 -4% -2% 7.0 17% 12% 13% -5% 7.3 -5% -1% Number of 93.1% Properties 94.8% 1.3% 1.8% -.4% 1.3% -1% Sold -0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory -1% 2% -5% -9% 21% -4% -4% -5% 10% -1% July Sale Price vs List Price Ratio July Sold Price per Square Foot July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sold Price per Square Foot July Average Days on Market (Solds) July Number of Properties Sold Asking Price per Square Foot (based on New Listings) 1% 741 -16% 93 2% $268 741 -1% -14% $199 93 -5% -5% 7.3 $268 21% 1.3% 93.1% July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) $375,000 $543,312 -34% July Average Sales Price July Sales Price July Median Number of Properties Sold 116 Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Trending versus*: Prior YTD 1% Prior Year 2% 5% YTD $375,000 -32% $543,312 -16% -9% Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price $525,000 0% 14% Other $1,559,891 Trending 3% versus*: 25% Month LM -1% L3M -1% PYM -2% LY $385,000 $525,000 0% -26% -24% 14% -23% $403,869 $1,559,891 719 3% -1% 25% 0% $385,000 103 -1% -16% -1% -2% -11% 5% $403,869 -26% -24% -23% -32% 64 -23% -33% -44% 719 -1% 0% $248 21% 6% 41% 103 -16% -11% $175 -14% -11% -3% 64 -23% -33% -44% -34% 7.0 17% 12% 13% $248 21% 6% 41% 2% 94.8% 1.3% 1.8% -.4% Average List Price of all Current Listings Trending versus*: Prior YTD Prior Year YTD LM Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con Price Range: All | Properties: SFH - Con Market Action Report City: Wellington July 2017 17 Median Sales Price and Average Sales Price 3 Mo Avg 700 600 600 500 500 400 400 300 Inventory & MSI 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 15 A M J J A S O N D J F M 16 A S 14 O N D J F M A M J J A S O N D J F M A 17 M J J 14 15 16 17 800 compared with July of 2016 and 2015. 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 600 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more be neficial for sellers while a MSI is better for buyers. The July 2017 MSI of 7.0 200 higher MSI is better for buyers. July 2017 MSI July of 7.0 months was at its highest level The compared with of 2016 and 200 months was at its highest level compared with July of 2016 and 0 2015. 0 2015. 12.0 12.0 10.0 10.0 8.0 6.0 4.0 2.0 0.0 15 16 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con . 14.0 8.0 6.0 4.0 2.0 0.0 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 J F M A M J J 14 15 16 17 14 132 | c 14.0 The Total Inventory Inventory & MSI of Properties available for sale as of July was Total 719, Inventory down 0.8% from 725 last month for and from 718 1,000 The of Properties available sale up as 0.1% of July in July of last 0.8% year. from July 725 2017 was a mid level was 719, down last Inventory month and up at 0.1% from 718 1,000 800 in compared July of last with year. July July of 2017 2016 Inventory and 2015. was at a mid level 300 17 Data provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REAL does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.