Florida MVP - ARCHIVE July 2017 - Page 90

Market Action Report July 2017 City: Fort Lauderdale/Fort Lauderdale Fort Lauderdale Beach July 2017 Market Action Report Agent Name Title Phone Agent Name Website Title Other City: Fort Lauderdale 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 $507,500 3% 17% Other $1,152,965 Trending 1% versus*: 22% Month LM 1% L3M 3% PYM 18% LY $312,500 $507,500 3% 4% 8% 17% 15% $523,661 $1,152,965 2,130 1% -1% 22% -16% $312,500 276 1% -31% 3% 18% -7% 12% $523,661 4% 8% 15% 14% 88 -16% -8% -26% 2,130 -1% -16% $340 -13% -1% 14% 276 -31% -7% $275 2% 4% 14% 88 -16% -8% -26% -18% 7.7 44% 21% -9% $340 -13% -1% 14% 10% 94.4% .4% .1% -.2% 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 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 450 July Property sales were 276, down 7.1% from 297 in July of 400 2016 and 31.2% lower than the 401 sales last month. July 2017 Property sales were Sales at their lowest level compared to July of 2016 and 450 350 July Property sales sales were of 276, down from 0.7% 297 in behind July of last 2015. July YTD 2,214 are 7.1% running 400 300 2016 and 31.2% lower sales than of the 2,229. 401 sales last month. July 2017 year's year-to-date sales were at their lowest level compared to July of 2016 and 350 250 -1% 5% -13% 3% $335 9% 2,214 -1% $260 7% 95 -13% -11% 7.6 -10% $335 9% 8% 94.2% 0% 10% 12% -7% .4% -11% 8% 5% -8% 0% 3 Mo Avg 3 Mo Avg 300 200 305 0 50 Prices 14 600 550 15 16 362 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 The Median Sales Price in July was $312,500, up 17.9% from Prices $265,000 in July of 2016 and up 0.8% from $310,000 last The Median Sales Price Sales in July Price was $312,500, 17.9% from month. The Average in July was up $523,661, up 14.9% 600 $265,000 in July in of July 2016 of and up and 0.8% up from $310,000 last from $455,887 2016 3.9% from $504,121 last 550 month. Average Sales was Price was $523,661, up 14.9% month. The July 2017 ASP at in the July highest level compared to July from $455,887 in July of 2016 and up 3.9% from $504,121 last of 2016 and 2015. 500 50 100 250 150 200 100 150 month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. $292,750 2,214 7% $475,782 5% -18% 95 Number of Properties Sold 2015. July YTD sales of 2,214 are running 0.7% behind last year's year-to-date sales of 2,229. Trending versus*: Prior YTD 7% Prior Year 5% 12% YTD $292,750 14% $475,782 5% 3% $275 2% 4% 14% 12% $260 7% 5% 7.7 44% 21% -9% -7% 7.6 -10% -8% of 94.2% Properties 94.4% .4% .1% -.2% Number .4% 0% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD 17 Median Sales Price and Average Sales Price 3 Mo Avg 500 450 450 400 400 350 350 300 300 250 250 200 200 A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 15 A M J J A S O N D J F M 16 A M J J A S O N D J F M A 17 M J J A S 14 O N D J F M 14 15 16 17 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a 12.0 2,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,000 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 7.7 a 1,000 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 7.7 and 2015. 500 500 months was at a mid compared July months was at a mid level compared with July of 2016 and 2015. 0 0 A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 14 15 16 17 14 15 16 17 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Co ) ɥ+ ݕ) )Iͥѥ)II)хє( ݕ) )Uѕ)Iѽ)AɥI)Aɽ)QM ( (((ȸ()%ٕѽ䀘5M$)QQх%ٕѽ)%ٕѽ(5M$Aɽѥ́مȁ́ͅ)ձ(̰)݅́Qх(Ȱ)ݸĸȔ)ɽȰ)ЁѠ)(Ըܔ)Q)%ٕѽ)Aɽѥ)م)ȁͅ)́ݸ))ձ)ɽ(Ȱ))ձ)ЀȰ)啅ȸ))ձ(܁)%ٕѽ)݅́Ё̰̀Ȱ)݅(Ȱ)ݸ(ĸȔɽ)Ѡ)ݸԸܔ)ɽ(Ȱ)ɕ))ձ䁽ЁݥѠ)啅ȸ)ձ))ձ䁽)%ٕѽ)݅́Ё)ݕ)ٕ()Ը(Ȱ(Ȱ)ݕЁٕɕݥѠ)ձ䁽؁Ը((ظ(и(ȸ((((ظ(и(ȸ()4(()ф)ɽ٥)ѕ))ɕѕ)I1Q=IL)I1Q=H)5ѥ)5ͽѥ)I1Q=IL)ɥ51L)I)51L) ɐI1Q=IL)I1Q=ILͽѥ)ѡA) ̰)M )ͼ)ɕѕ))))1Ցɑ)I1Q=IL))ȁI1Q=H))ͽѥ)́ͽѥ))ф)́)ɽ٥)ѕ)1Ցɑ)5ѥ) չ䰁 չ)5ͽѥ)I1Q=IL)5ɥ5)I)9)ɕ9) ɐɕ)I1Q=IL)I1Q=ILͽѥ)ѡA ̰)M) Ёͽѥ)I0))݅Ʌ)ȁՅɅѕ)Ʌ)ɵѥ)ѡ́ɵѥ)%Ё́ɕͥ)ѡɕͥ)䁽ȁ)ٕɥ)ɵѥ)ѼՍյˊe)хєɅͅѥ))Ё)݅Ʌ)ȁՅɅѕ)ѡѡ)Ʌ)ѡ)%Ё́ѡ)䁽))͕ȁȁѼ͕)ٕɥѼ))ɵѥ)ɕمЁѼɕم)Սյˊe)ɕхєɕ)Ʌͅѥ