Florida Market Viewpoint July 2017 - Page 149

Market Action Report City: Palm Coast Palm Coast Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $280,000 4% 4% Other $394,652 Trending 4% versus*: 1% Month LM -5% L3M -2% PYM 1% LY $205,000 $280,000 4% 4% $234,438 -9% -10% -3% $394,652 947 4% -4% 1% -9% $205,000 224 -5% -8% -2% 1% 1% 8% $234,438 -9% -10% -3% 1% 70 -14% -8% -14% 947 -4% -9% $151 9% 6% 11% 224 -8% 1% $125 -3% -4% 6% 70 -14% -8% -14% -17% 4.2 4% 4% -9% $151 9% 6% 11% 10% 96.7% -.2% .2% .3% Average List Price of all Current Listings 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 Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot $125 -3% -4% 4.2 4% 4% 96.7% -.2% .2% 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 300 July Property sales were 224, up 0.9% from 222 in July of 2016 and 7.8% lower than the 243 sales last month. July 2017 sales 250 Property Sales were at a mid level compared to July of 2016 and 2015. July 300 July up 0.9% 222 July of 2016 YTD Property sales of sales 1,447 were are 224, running 4.3% from ahead of in last year's year-to- 200 and 7.8% lower than the 243 sales last month. July 2017 sales date sales of 1,387. 250 10% $141 1,447 4% 6% $127 77 -9% -24% 5.1 $141 4% .2% 96.5% 8% 8% 4% 8% -9% 8% 4% 10% -8% -13% 3% 0% -8% 3% 8% -9% 0% 3 Mo Avg 3 Mo Avg Prices 14 100 15 16 184 203 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 The Median Sales Price in July was $205,000, up 1.4% from 300 Prices $202,150 in July of 2016 and down 4.7% from $215,000 last 280 The Median Sales Price Sales in July Price was $205,000, 1.4% from down month. The Average in July was up $234,438, 300 260 $202,150 in July of 2016 and down 4.7% from $215,000 last 3.0% from $241,717 in July of 2016 and down 9.3% from 280 240 month. The last Average Sales Price in July down $258,618 month. July 2017 ASP was was $234,438, at a mid range 260 220 3.0% from $241,717 in July of 2016 and down 9.3% from compared to July of 2016 and 2015. 240 $258,618 last month. July 2017 ASP was at a mid range 200 220 compared to July of 2016 and 2015. 180 200 160 180 140 160 120 140 120 100 17 Median Sales Price and Average Sales Price 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 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 17 800 800 600 A comparatively lower MSI is more beneficial for sellers while a 600 400 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 4.2 a 400 higher MSI is better for buyers. July 2017 MSI of 4.2 months was at its lowest level The compared with July of 2016 and 200 200 months was at its lowest level compared with July of 2016 and 0 2015. 0 12.0 12.0 1,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July 1,400 was Total 947, Inventory down 4.1% 987 last month for and The of from Properties available sale down as of 8.5% July from 1,035 July 4.1% of last from year. July Inventory was at its lowest 1,400 1,200 was 947, in down 987 last 2017 month and down 8.5% from 1,035 July of last year. July level in compared with July of 2017 2016 Inventory and 2015. was at its lowest 1,200 1,000 2015. 153 200 0 50 50 100 100 0 level compared with July of 2016 and 2015. $205,000 1,447 10% $251,651 11% -17% 77 11% 150 150 $251,651 Number of Properties Sold 200 were at a mid level compared to July of 2016 and 2015. July YTD sales of 1,447 are running 4.3% ahead of last year's year-to- date sales of 1,387. Trending versus*: YTD Prior YTD 10% Prior Year $205,000 8% 1% 6% 6% $127 10% 8% -9% -24% 5.1 -13% -9% of 96.5% Properties .3% Number .2% 0% 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 Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Palm Coast July 2017 8.0 6.0 4.0 2.0 0.0 10.0 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 MB\YH[[\\Y[X[\]B[[\[]Y X[ܜ”XH[N[\B\\΂ђ Hۂ\YH[[\\Y[X[X[X[\]B[[\[]Y X[ܜŸXH[N[\B\\ΈђHۂMM˜[H\H\ B MB]BݚYY\\BوܙX]\]Y\[BPSԔPSԂ\X][ۂوX\[ZX[ZH\X][ۂوPSԔܚYHSY[ۘ[S\وPSԔPSԔو\X][ۂوH[BXX\XH\\‘]B\\œݚYY\\BوܙX]\ܝܝ]Y\[BPSԔPSԂ\X][ۂوX\[[K[KZX[ZH\X][ۂوPSԔ^HܚYH^BY[ۘ[\\\XH\\\\XBوPSԔPSԔ\X][ۂH[HXX\XB\\X][ۂوPS\\[܈X\[YBX\XBو[ܛX][ۋ\[ܛX][ۋ]\\ۜX[]BH\ۜX[]B[H܈^Y\\YB[[[ܛX][ۂXۜ[Y\&\™\]H[X[ۋ\›\[܈X\[YBHBX\XBو\’]\Bو[Hق^Y\[\܈[\\YH[B[[B[[ܛX][ۂ[][[][Xۜ[Y\&\œX[\]HX[[X[ۋ