Florida Market Viewpoint July 2017 - Page 141

Market Action Report City: Melbourne Melbourne Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $289,700 4% 10% Other $351,730 Trending 3% versus*: 9% Month LM -2% L3M 0% PYM 1% LY $227,000 $289,700 4% 10% $248,123 -8% -3% -2% $351,730 582 3% -2% 9% -9% $227,000 259 -2% -12% 0% 1% -9% 11% $248,123 -8% -3% -2% 5% 36 24% -3% -23% 582 -2% -9% $141 -3% 0% 10% 259 -12% -9% $129 -5% -2% 4% 36 24% -3% -23% -27% 2.2 11% 5% 0% $141 -3% 0% 10% 8% 95.6% -1.2% -.7% -.9% July Month's Supply of Inventory 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 350 July Property sales were 259, down 9.1% from 285 in July of 2016 and 11.6% lower than the 293 sales last month. July 2017 300 Property sales were Sales at their lowest level compared to July of 2016 and 350 July Property sales sales were of 259, down from 4.4% 285 in behind July of last 250 2015. July YTD 1,655 are 9.1% running 2016 and 11.6% lower sales than of the 1,732. 293 sales last month. July 2017 300 year's year-to-date 200 sales were at their lowest level compared to July of 2016 and 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Total Inventory & Month's Supply of Inventory (MSI) The Total Inventory Inventory & MSI of Properties available for sale as of July 800 was Total 582, Inventory down 2.2% from 595 last month The of Properties available for and sale down as of 8.8% July from 638 582, in July of 2.2% last year. July last 2017 Inventory was 8.8% at its from lowest 800 700 was down from 595 month and down 700 600 638 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. level compared with July of 2016 and 2015. 600 500 500 400 400 300 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 2.2 a 200 200 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 2.2 and 2015. 100 months was at a mid compared July months was at a mid level compared with July of 2016 and 2015. 100 0 0 17 15 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 S 14 O N D J F M 14 15 16 17 Inventory & MSI 16 Median Sales Price and Average Sales Price 240 220 200 180 160 140 120 100 15 $270,653 last month. July 2017 ASP was at a mid range compared to July of 2016 and 2015. 14 300 280 260 240 220 200 180 160 140 120 100 Prices The Median Sales Price in July was $227,000, up 0.9% from Prices $225,000 in July of 2016 and down 2.2% from $232,000 last The Median Sales Price Sales in July Price was $227,000, 0.9% from month. The Average in July was up $248,123, down 300 $225,000 in $252,394 July of 2016 and down 2.2% $232,000 last 1.7% from in July of 2016 and from down 8.3% from 280 month. The last Average Sales Price in July down $270,653 month. July 2017 ASP was was $248,123, at a mid range 260 1.7% from $252,394 in July of 2016 and down 8.3% from compared to July of 2016 and 2015. 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 Sales O N D Price J F M A M Average J J A S Sales O N D Price J F M A M J J Median and 3 Mo Avg 0 0 50 50 100 100 150 3 Mo Avg 150 200 250 3 Mo Avg Number of Properties Sold 2015. July YTD sales of 1,655 are running 4.4% behind last year's year-to-date sales of 1,732. -14% 8% 9% -8% 1% $129 -5% -2% 4% 8% $130 11% 9% 2.2 11% 5% 0% -17% 2.5 -8% -8% of 95.8% Properties 95.6% -1.2% -.7% -.9% Number .5% 1% Sold 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 260 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) 192 July Number of Properties Sold 262 Asking Price per Square Foot (based on New Listings) -4% 10% -18% 8% 8% $140 9% 1,655 -4% 8% $130 11% 42 -18% -14% -17% 2.5 -8% $140 9% 8% .5% 95.8% 1% 197 July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) $225,000 1,655 9% $253,488 8% -27% 42 July Aver YΩHΨ[\ΘšXΩB’[B”Ψ[\Β”šXΩB’[HYYX[‚“[X™\‚›Ωˆ›ά\Y\Β”ΫΫ•™[™[™Θ™\œέ\ʎ‚”š[܈UIB”š[܈YX\ˆ L BŒLIHU‰ ŒK IB‰ LΛ Ž BŽ B]™\˜YΩB“\έšXΩHΩ‚˜[έ\œ™[•έ[›ά\Y\έ\œ™[B™›άˆ\έ[™άΒ”Ψ[H [™[ܞJB•™[™[™Θ™\œέ\ʎ‚”š[܈Uš[܈YX\‚–U“X\šΩ]”›Ωš[B‰ˆ™[™Β’[HYYX[‚”Ψ[\Β”šXΩHέ™\šY]Β“YYX[‚“\έ”šXΩB›Ω‚˜[έ\œ™[\έ[™άΒ’[H]™\˜YΩHΨ[\ΘšXΩB]™\˜YΩH\έšXΩHو[έ\œ™[\έ[™άΒ“X\šΩ]›Ωš[H ˆ™[™Θέ™\šY]Β“YYX[ˆ\έšXΩHو[έ\œ™[\έ[™άΒ”šXΩH˜[™ΩNˆ[›ά\Y\ΈΡ’ HΫΫ‚“X\šΩ]Xέ[ۈ™\ܝΪ]NˆY[›έ\›™B’[H Œ M B ŒŒΛBŒΛŒŒ‹BŒ‹ŒŒKBŒKŒŒ BŒ ŒHΘΘˆˆˆHHHˆˆHΘΘˆˆˆHHHˆˆHΘΘˆˆˆHHHˆ‚HΘΘˆˆˆHHHˆˆHΘΘˆˆˆHHHˆˆHΘΘˆˆˆHHHˆ‚ŒMŒMBŒM‚ŒMŒMŒMBŒM‚ŒMΫά\šYΪ°ͺHΫΫΩ[˜[šΩ\‚”™\ΪY[X[‘\έ]B‹ΘΫΫΩ[˜[šΩ\‚•[š]Y ”™X[άœΒ”šXΩH˜[™ΩN‚[›ά\B•\\Ξ‚”Ρ’ HΫΫ‚Ϋά\šYΪ°ͺHΫΫΩ[˜[šΩ\‚”™\ΪY[X[”™X[™X[‘\έ]B‹ΘΫΫΩ[˜[šΩ\‚•[š]Y ”™X[ܜŸšXΩH˜[™ΩN‚[›ά\B•\\ΈΡ’‹HΫΫ‚˜ΘΘΘ[ˆHˆΘ\ˆΘH\Θ ˆΘΘBŸ M B‘]Bœ›έšYY˜Ϋέ\\ήB›Ωˆά™X]\‚“]Y\™[B”‘PSΤ”Λ”‘PSΤ‚\άΫΨΪX][Ϋ‚›ΩˆX\[‚“ZX[ZH\άΫΨΪX][Ϋ‚›Ωˆ‘PSΤ”Λ‘›ܚYHSΛ”™YΪ[ۘ[“Sː›Ψ\™و‘PSΤ”Λ”‘PSΤ”Θو\άΫΨΪX][Ϋ‚›ΩˆH[B™XXΪ\Λ”άXΩHΫΨ\ݐ\άΫΒ‘]Bš\Θ\œ›έšYY˜Ϋέ\\ήB›Ωˆά™X]\‚‘›ά›ά“]Y\™[B”‘PSΤ”Λ”‘PSΤ‚\άΫΨΪX][Ϋ‚›ΩˆX\[‚Ϋέ[KΫέ[K“ZX[ZH\άΫΨΪX][Ϋ‚›Ωˆ‘PSΤ”Λ“^H›ܚYH^B”™YΪ[ۘ[“˜\\\™XH˜\\›Ψ\™\™XB›Ωˆ‘PSΤ”Λ”‘PSΤ”Θ\άΫΨΪX][Ϋ‚H[H™XXΪ\Λ”άXΩBΫΨ\έ\άΫΨΪX][Ϋ‚›Ωˆ‘PS™Ω\Ψ\œ˜[›άˆέX\˜[YB˜XΨέ\˜XήB›Ωˆ[™›ά›X][Ϋ‹‚\Θ[™›ά›X][Ϋ‹‚’]\Θ™\άۜΪXš[]BH™\άۜΪXš[]B˜[žH܈^Y\‚™\šYžB˜[™[[™›ά›X][Ϋ‚ΘέXΪΫۜέ[Y\Έ &\Β™\έ]H˜[œΨXέ[Ϋ‹‚™Ω\Β››έ›έΨ\œ˜[›άˆέX\˜[YBHB˜XΨέ\˜XήB›Ωˆ\Β’]\ΘB›Ωˆ[žHΩ‚˜^Y\‚œΩ[\ˆ܈ΘΩ[\‚™\šYžHΘ[žB˜[™[žB˜[[™›ά›X][Ϋ‚œ™[]˜[Θ™[]˜[œέXΪΫۜέ[Y\Έ &\œ™X[\έ]H™X[˜[œΨXέ[Ϋ‹