Florida Market Viewpoint June 2017 - Page 29

Market Action Report City: Palm Harbor Palm Harbor Agent Name June 2017 Title Phone Agent Name Website Title Other Community Information | School District Price Range: All | Properties: SFH - Con Phone Website Month Other $289,000 Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con LM Trending versus*: L3M PYM LY -0% 3% $396,435 Trending 1% versus*: 10% Month LM 9% L3M 9% PYM 14% LY $268,000 $289,000 -0% 6% 8% 3% 17% $304,848 $396,435 1% 10% 454 -0% -15% $268,000 9% 9% 14% 17% 203 1% -3% $304,848 6% 8% 17% 18% 55 -14% -24% 4% 454 -0% -15% $161 -1% 1% 3% 203 1% -3% $154 3% 5% 15% 55 -14% -24% 4% -10% $161 2.2 -1% -1% 1% -6% 3% -12% 10% $154 96.4% 3% 1.0% 5% 1.2% 15% 1.7% 13% 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 Listings Total Properties Currently for Sale (Inventory) June Median Sales Price June 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 Inventory Asking Price per Supply Square of Foot (based on New Listings) June Sold Sale Price Price per vs Square List Price June Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 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 250 June Property sales were 203, down 3.3% from 210 in June of 2016 and 1.0% higher than the 201 sales last month. June 2017 Property sales were Sales at their lowest level compared to June of 2016 and 250 200 June Property sales were 203, down 3.3% from 210 in June of 2015. June YTD sales of 1,013 are running 7.9% ahead of last 2016 and 1.0% higher than the 201 sales last month. June 2017 year's year-to-date sales of 939. 200 150 sales were at their lowest level compared to June of 2016 and $235,900 8% 1,013 $274,148 12% 3% 8% 7% 25% 10% 11% 23% -15% 8% 1% 7% -10% 75 10% 1,013 $158 8% 13% 75 $145 25% -35% $158 3.1 10% 1.7% $145 95.2% 11% 23% 8% 7% -10% 0% 3 Mo Avg Number of Properties Sold 3 Mo Avg 150 100 151 164 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 Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI 7.0 c o l dw el l b a n k er h o m es . c o m 4.0 5.0 5.0 300 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200 200 higher MSI is better for buyers. The June 2017 MSI of 2.2 higher MSI is better for buyers. The June 2017 MSI of 2.2 months was at its lowest level compared with June of 2016 and 100 100 months was at its lowest level compared with June of 2016 and 0 2015. 0 2015. S D O N F M J A J S A O N J F D M J A F M M J A J M A J S J O A N S D O J N F D M J A M J A J M A S J O J N A D S J O F N M D A J M F J M 15 16 17 14 14 15 16 17 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 6.0 6.0 300 7.0 400 Total Inventory & Month's Supply of Inventory (MSI) 400 3 Mo Avg Median Sales Price and Average Sales Price 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 of Properties available for sale as of June The Total Inventory The of Properties available for and sale down as of 15.0% June from 700 was Total 454, Inventory down 0.4% from 456 last month 700 was down of 0.4% last 2017 month and down 15.0% 534 454, in June last from year. 456 June Inventory was at its from lowest 600 534 in compared June of last with year. June June of 2017 was at its lowest 600 level 2016 Inventory and 2015. 500 level compared with June of 2016 and 2015. 500 Median Sales Price 16 and Average Sales Price 17 15 270 250 230 210 190 170 150 14 350 330 310 290 270 250 230 210 190 170 150 Prices The Median Sales Price in June was $268,000, up 14.0% from Prices $235,000 in June of 2016 and up 8.9% from $246,000 last The Median Sales Price Sales in June was in $268,000, 14.0% from month. The Average Price June was up $304,848, up 350 $235,000 in June of 2016 and up $246,000 last 16.7% from $261,318 in June of 8.9% 2016 from and up 6.0% from 330 month. The Average Sales Price in June was $304,848, up $287,524 last month. June 2017 ASP was at the highest level 310 16.7% from $261,318 in June of 2016 and up 6.0% from compared to June of 2016 and 2015. 290 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 14 15 16 17 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 0 0 50 50 100 $287,524 last month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. Trending versus*: Prior YTD 8% Prior Year 3% 17% YTD $235,900 18% $274,148 12% 7% 2.2 -1% -6% -12% -35% 3.1 -15% -10% Number of 95.2% Properties 96.4% 1.0% 1.2% 1.7% 1.7% 1% Sold 0% June Month's Supply of Inventory 2015. June YTD sales of 1,013 are running 7.9% ahead of last year's year-to-date sales of 939. Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Palm Harbor June 2017 3.0 2.0 1.0 0.0 4.0 3.0 2.0 1.0 0.0 A M J | 29 Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Association of REALTORS, Florida