Florida Market Viewpoint June 2017 - Page 66

Market Action Report Venice City: Venice Agent Name Market Action Report City: Venice June 2017 Title Phone Agent Name Website Other Title 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 $304,900 2% 15% Other $373,742 Trending 1% versus*: 9% Month LM 8% L3M 4% PYM 6% LY $258,995 $304,900 2% 10% 3% 15% 11% $286,044 $373,742 761 1% -6% 9% 5% $258,995 250 8% -15% 4% 6% 7% 10% $286,044 10% 3% 11% 9% 72 -5% -3% 14% 761 -6% 5% $188 1% 3% 13% 250 -15% 7% $165 2% -1% 3% 72 -5% -3% 14% 20% 3.0 11% 1% -2% $188 1% 3% 13% 8% 93.8% .5% .2% -.8% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Price Current Listings June Average Sales 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 Trending versus*: Prior YTD 7% Prior Year 5% 10% YTD $247,000 9% $277,448 8% 6% $247,000 1,423 7% $277,448 8% 20% 73 8% $181 1,423 10% 3% $168 73 26% -17% 4.0 $181 5% -1.0% 93.9% 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 10% 5% 26% 6% 5% 5% 22% 8% 4% -1% 22% 4% 5% 10% -1% $165 2% -1% 3% 3% $168 5% 5% 3.0 11% 1% -2% -17% 4.0 8% 10% Number of 93.9% Properties 93.8% .5% .2% -.8% -1.0% -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 3 Mo Avg 350 June Property sales were 250, up 7.3% from 233 in June of 2016 and 15.3% lower than the 295 sales last month. June 2017 sales 300 Property Sales were at their highest level compared to June of 2016 and 2015. 350 June sales 7.3% from 233 in June of 2016 250 June Property YTD sales of were 1,423 250, are up running 10.4% ahead of last year's and 15.3% lower than of the 295 sales last month. June 2017 sales 300 year-to-date sales 1,289. 200 were at their highest level compared to June of 2016 and 2015. Prices 14 The Median Sales Price in June was $258,995, up 5.7% from Prices $245,000 in June of 2016 and up 8.4% from $239,000 last 290 The Median Sales Price Sales in June was in $258,995, 5.7% from up month. The Average Price June was up $286,044, 270 $245,000 in June of 2016 and up 8.4% from $239,000 last 10.6% from $258,586 in June of 2016 and up 9.9% from 290 month. The last Average Sales Price in June up level $260,267 month. June 2017 ASP was was $286,044, at the highest 270 250 10.6% from $258,586 June and of 2016 compared to June of in 2016 2015. and up 9.9% from $260,267 last month. June 2017 ASP was at the highest level 250 230 191 15 16 236 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 Median Sales Price and Average Sales Price 0 compared to June of 2016 and 2015. 0 50 50 100 100 150 3 Mo Avg 150 200 250 June YTD sales of 1,423 are running 10.4% ahead of last year's year-to-date sales of 1,289. Number of Properties Sold 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 230 210 210 190 190 170 170 150 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 150 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 17 600 600 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 3.0 a 200 higher MSI is better for level buyers. The June 2017 MSI of of 2016 3.0 and months was at a mid compared with June 200 months was at a mid level compared with June of 2016 and 0 2015. 0 2015. 66 | c 7.0 800 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 7.0 6.0 6.0 5.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of June was Total 761, Inventory down 5.8% 808 last month from 724 1,200 The of from Properties available for and sale up as 5.1% of June 1,200 in June of last 5.8% year. June 2017 at its from highest was 761, down from 808 last Inventory month and was up 5.1% 724 level 1,000 in compared June of last year. June 2017 Inventory with June of 2016 and 2015. was at its highest level 1,000 800 compared with June of 2016 and 2015. 5.0 4.0 3.0 2.0 1.0 0.0 4.0 3.0 2.0 1.0 0.0 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 A S O N D J F M A M J 14 15 16 17 14 15 16 17 . Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Range: Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Coldwell Realtors All | Property Types: SFH - Con o l d Residential w e l Real l b Estate a n / k e r Banker h o United, mes c o | Price m Data provided courtesy of Greater Lauderdale REALTORS, REALTOR Association of Martin Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso Da ф)¥Ì¥Ì)Áɽ٥‘•)½ÕÉѕÍä)½˜ɕ…Ñ•È)½ÉЁ½ÉÐ)1…Õ‘•É‘…±”)I1Q=IL°)I1Q=H)Íͽ¥…Ñ¥½¸)½˜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¸¸