Florida Market Viewpoint July 2017 - Page 98

Market Action Report Weston City: Weston 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 $598,850 1% 11% Other $751,945 Trending 0% versus*: 4% Month LM -7% L3M 0% PYM 13% LY $450,000 $598,850 1% -8% -4% 11% 12% $492,610 $751,945 490 0% 0% 4% -9% $450,000 -7% 0% 13% 2% 95 -18% 8% $492,610 -8% -4% 12% 1% 55 -5% -14% -25% 490 0% -9% $233 5% 3% 7% 95 -18% 8% $206 2% 2% 5% 55 -5% -14% -25% -29% 5.2 22% 16% -15% $233 5% 3% 7% 10% 95.3% .6% .2% .1% 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 160 July Property sales were 95, up 8.0% from 88 in July of 2016 140 and 18.1% lower than the 116 sales last month. July 2017 sales Property Sales were at a mid level compared to July of 2016 and 2015. July 160 120 July were running 95, up 8.0% 88 of in last July year's of 2016 YTD Property sales of sales 632 are 0.5% from ahead year-to- 140 and 18.1% lower than the 116 sales last month. July 2017 sales date sales of 629. 100 Prices 14 The Median Sales Price in July was $450,000, up 13.4% from 600 Prices $396,750 in July of 2016 and down 7.1% from $484,500 last The Median Sales Price Sales in July Price was $450,000, 13.4% from month. The Average in July was up $492,610, up 11.6% 550 600 $396,750 in July in of July 2016 of and down from $484,500 last from $441,214 2016 and 7.1% down 8.4% from $537,864 month. The Average Sales Price in at July $492,610, up 11.6% to last month. July 2017 ASP was the was highest level compared 550 500 from in July of 2016 and down 8.4% from $537,864 July $441,214 of 2016 and 2015. last month. July 2017 ASP was at the highest level compared to 500 450 July of 2016 and 2015. 15 16 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 0 20 20 40 40 60 60 80 3 Mo Avg 80 100 3 Mo Avg Number of Properties Sold 120 were at a mid level compared to July of 2016 and 2015. July YTD sales of 632 are running 0.5% ahead of last year's year-to- date sales of 629. -12% 5% 2% -1% 0% $206 2% 2% 5% 5% $200 3% 2% 5.2 22% 16% -15% -8% 5.5 -4% -1% of 95.1% Properties 95.3% .6% .2% .1% 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 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 10% 5% -8% .4% Asking Price per Square Foot (based on New Listings) 2% 632 0% 1% 4% 68 -11% 2% $222 5% 632 0% $200 3% 68 -11% -12% 5.5 -4% $222 5% 5% 95.1% 0% July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) 1% 2% 4% $445,000 $501,852 -29% July Average Sales Price $501,852 73 July Sales Price July Median Number of Properties Sold Trending versus*: YTD Prior YTD 2% Prior Year $445,000 2% 1% 78 Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Trending versus*: Prior YTD Prior Year YTD 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 City: Weston July 2017 17 Median Sales Price and Average Sales Price 3 Mo Avg 450 400 400 350 350 300 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 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 compared with July of 2016 and 2015. 500 400 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 400 300 A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 5.2 a 200 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 5.2 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 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 . 8.0 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 98 | c 10.0 10.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 700 was Total 490, Inventory up 0.2% of from 489 last available month and down from The Properties for sale as 8.6% of July 536 490, in July of last year. Inventory at from a mid level 700 600 was up 0.2% from 489 July last 2017 month and down was 8.6% 536 in July of last July year. of July 2017 compared with 2016 and Inventory 2015. was at a mid level 600 500 300 17 Data provided courtesy of w Greater REALTORS, REALTOR of Martin Miami Association of REALTORS, Florida MLS, Regio ¹…°)51L°) ½…ɐ½˜I1Q=IL°)I1Q=IL½˜Íͽ¥…Ñ¥½¸)½˜Ñ¡”A…±´) •…¡•Ì°)MÁ…” ½…ÍÐ)Íͼ)¼°½˜ɕ…Ñ•È)”½ÉÐ)°½ÉÐ)°1…Õ‘•É‘…±”)ˆ1…Õ‘•É‘…±”)„¸I1Q=IL°)­”)ȁ I1Q=H)½´)”Íͽ¥…Ñ¥½¸)́Íͽ¥…Ñ¥½¸)Œ¼½˜´)…Ñ„)¥Ì¥Ì)Áɽ٥‘•)½ÕÉѕÍä)5…ÉÑ¥¸) ½Õ¹Ñ䰁 ½Õ¹Ñä°)5¥…µ¤Íͽ¥…Ñ¥½¸)½˜I1Q=IL°)5䁱½É¥‘„5ä)I•¥½¹…°)9…Á±•Ì)ɕ„9…Á±•Ì) ½…ɐɕ„)½˜I1Q=IL°)I1Q=ILÍͽ¥…Ñ¥½¸)Ñ¡”A…±´ •…¡•Ì°)MÁ…”) ½…ÍЁÍͽ¥…Ñ¥½¸)½˜I0)‘½•Ì)݅ÉɅ¹Ð)½ÈÕ…É…¹Ñ•”)…ÕɅä)½˜¥¹™½Éµ…Ñ¥½¸¸)Ñ¡¥Ì¥¹™½Éµ…Ñ¥½¸¸)%Ё¥ÌÉ•ÍÁ½¹Í¥‰¥±¥Ñä)Ñ¡”É•ÍÁ½¹Í¥‰¥±¥Ñä)…¹ä½È‰Õå•È)ٕɥ™ä)…¹…±°¥¹™½Éµ…Ñ¥½¸)ѼÍՍ ½¹ÍÕµ•ËŠeÌ)•ÍхєÑɅ¹Í…Ñ¥½¸¸)‘½•Ì)¹½Ð¹½Ð)݅ÉɅ¹Ð)½ÈÕ…É…¹Ñ•”)Ñ¡”Ñ¡”)…ÕɅä)½˜Ñ¡¥Ì)%Ё¥ÌÑ¡”)½˜…¹ä½˜)‰Õå•È)͕±±•È½ÈÑ¼Í•±±•È)ٕɥ™äÑ¼…¹ä)…¹…¹ä)…±°¥¹™½Éµ…Ñ¥½¸)ɕ±•Ù…¹ÐÑ¼É•±•Ù…¹Ð)ÍՍ ½¹ÍÕµ•ËŠeÌ)ɕ…°•ÍхєÉ•…°)ÑɅ¹Í…Ñ¥½¸¸