Florida Market Viewpoint June 2017 - Page 141

Market Action Report City: Melbourne Melbourne Agent Name Market Action Report City: Melbourne June 2017 Title Phone Agent Name Website Title Other June 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 $285,000 2% 10% Other $346,165 Trending 2% versus*: 8% Month LM 1% L3M 4% PYM 6% LY $233,800 $285,000 2% 10% $272,593 6% 6% 7% $346,165 598 2% 3% 8% -9% $233,800 289 1% 7% 4% 6% -1% 14% $272,593 6% 6% 7% 16% 28 -28% -28% -45% 598 3% -9% $150 6% 6% 18% 289 7% -1% $136 4% 4% 11% 28 -28% -28% -45% -43% 2.1 -4% -8% -8% $150 6% 6% 18% 15% 96.8% .0% .7% 1.5% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Current Listings June Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) June Sales Price June Median Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) June Number of Properties Sold June Sold Price per Square Foot June Average Days on Market (Solds) June Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) June Sale Price vs List Price Ratio June Sold Price per Square Foot $136 4% 2.1 -4% 96.8% .0% June 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 Trending versus*: Prior YTD 10% Prior Year 10% 14% YTD $225,000 16% $254,861 10% 8% $225,000 1,391 10% $254,861 10% -43% 43 -4% 10% -17% 8% 15% $141 10% 1,391 -4% 15% $130 12% 43 -17% -12% -24% 2.6 -9% $141 10% 8% 1.7% 95.8% 1% -12% 8% 9% -6% 1% 4% 11% 15% $130 12% 9% -8% -8% -24% 2.6 -9% -6% Number of 95.8% Properties .7% 1.5% 1.7% 1% Sold 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date June Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD 350 June Property sales were 289, down 0.7% from 291 in June of 2016 and 7.0% higher than the 270 sales last month. June 2017 300 Property sales were Sales at a mid level compared to June of 2016 and 2015. 350 June sales down 0.7% from 291 in last June of year- 250 June Property YTD sales of were 1,391 289, are running 3.9% behind year's 2016 and sales 7.0% of higher than the 270 sales last month. June 2017 300 to-date 1,447. 200 sales were at a mid level compared to June of 2016 and 2015. 3 Mo Avg Number of Properties Sold 3 Mo Avg June YTD sales of 1,391 are running 3.9% behind last year's year- 250 150 to-date sales of 1,447. 200 197 227 262 182 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) 0 3 Mo Avg 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 The Total Inventory Inventory & MSI of Properties available for sale as of June was Total 598, Inventory up 3.3% from 579 last available month and from 654 800 The of Properties for down sale as 8.6% of June in June of last 2017 Inventory was 8.6% at its from lowest level 800 700 was 598, up 3.3% year. from June 579 last month and down 654 in compared June of last year. June 2017 Inventory with June of 2016 and 2015. was at its lowest level 700 600 compared with June 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 MSI is better for buyers. June 2017 MSI while of 2.1 a 200 200 higher MSI is better for buyers. June 2017 of 2.1 100 months was at its lowest level The compared with MSI June of 2016 and 100 months 0 2015. was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 17 15 A M J J A S O N D J F M 16 J A 14 S O N D J F M A M J J A S O N D J F M A 17 M J 14 15 16 17 Inventory & MSI 16 Median Sales Price and Average Sales Price 240 220 200 180 160 140 120 100 15 month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 14 300 280 260 240 220 200 180 160 140 120 100 Prices The Median Sales