Florida MVP - ARCHIVE July 2017 - Page 143

Agent Name Title Phone Agent Name Website Title Other July 2017 City: Merritt Island Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $399,000 2% 5% Other $624,596 Trending 1% versus*: 22% Month LM -10% L3M 3% PYM 15% LY $283,000 $399,000 2% 5% $305,294 -8% 0% 12% $624,596 301 1% -0% 22% 4% $283,000 -10% 3% 15% -13% 19% 73 -25% $305,294 -8% 0% 12% 12% 37 -10% -20% -16% 301 -0% 4% $165 -5% -2% 6% 73 -25% -13% $151 -0% 2% 15% 37 -10% -20% -16% -36% 4.1 32% 21% 20% $165 -5% -2% 6% 6% 95.2% .1% .3% .7% $151 -0% 2% 15% 4.1 32% 21% 20% 95.2% .1% .3% .7% 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 120 July Property sales were 73, down 13.1% from 84 in July of 2016 and 24.7% lower than the 97 sales last month. July 2017 sales 100 Property Sales were at their lowest level compared to July of 2016 and 2015. 120 July sales 73, running down 13.1% from 84 in last July year's of 2016 July Property YTD sales of were 575 are 1.4% behind year-to- 80 and 24.7% than the 97 sales last month. July 2017 sales date sales lower of 583. 100 55 91 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) 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Total Inventory & Month's Supply of Inventory (MSI) 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 The Total Inventory Inventory & MSI of Properties available for sale as of July was Total 301, Inventory down 0.3% from 302 last month from 289 450 The of Properties available for and sale up as 4.2% of July in July last 0.3% year. from July 302 2017 Inventory was a mid level was 301, of down last month and up at 4.2% from 289 450 400 400 350 in compared July of last with year. July July of 2017 2016 Inventory and 2015. was at a mid level 350 300 compared with July of 2016 and 2015. 300 250 250 200 A comparatively lower MSI is more beneficial for sellers while 200 a 150 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 4.1 a 150 100 100 50 higher MSI is better for buyers. July 2017 MSI July of 4.1 months was at its highest level The compared with of 2016 and 50 months 0 2015. was at its highest level compared with July of 2016 and 2015. 16 Median Sales Price and Average Sales Price Inventory & MSI 15 290 270 250 230 210 190 170 150 14 350 330 310 290 270 250 230 210 190 170 150 last month. July 2017 ASP was at the highest level 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 Prices The Median Sales Price in July was $283,000, up 15.3% from Prices $245,500 in July of 2016 and down 10.2% from $315,000 last The Median Sales Price Sales in July Price was $283,000, 15.3% from month. The Average in July was up $305,294, up 11.7% 350 $245,500 in July in of July 2016 of and down last from $273,315 2016 and 10.2% down from 8.0% $315,000 from $331,681 330 month. The Average Sales Price in at July $305,294, up 11.7% to last month. July 2017 ASP was the was highest level compared 310 from $273,315 in July of 2016 and down 8.0% from $331,681 July of 2016 and 2015. 0 20 20 40 0 3 Mo Avg 40 60 3 Mo Avg 60 80 -10% 8% 10% -1% 1% Number of Properties Sold were at their lowest level compared to July of 2016 and 2015. July YTD sales of 575 are running 1.4% behind last year's year-to- date sales of 583. 13% -1% 11% 575 12% 52 -10% 11% 6% $169 9% 575 -1% 12% $148 13% 52 -10% -10% 15% 3.5 -5% $169 9% 8% 1.3% 94.6% 0% 12% $148 13% 10% 15% 3.5 -5% -1% Number of 94.6% Properties 1.3% 0% Sold 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Sale Price vs List Price Ratio July Sold Price per Square Foot $265,000 $303,708 -36% July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) Trending versus*: 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) Trending versus*: Prior YTD Prior Year YTD Prior YTD 13% Prior Year 11% 19% YTD $265,000 12% $303,708 12% 11% July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) July Average Sales Price July Sales Price July Median Number of Properties Sold Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Listings Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con Market Action Report Merritt Island City: Merritt Island July 2017 Market Action Report 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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 15 16 17 Copyright Š Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright Š Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH - Con c o l dw el l b a n k er h o m es . c o m | 143 Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso Data is is provided courtesy of Greater Fort Fort Lauderdale REALTORS, REALTOR Association of Martin 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. 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