Florida Market Viewpoint June 2017 - Page 90

Market Action Report June 2017 City: Fort Lauderdale/Fort Lauderdale Fort Lauderdale Beach June 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 $499,000 0% 16% Other $1,149,296 Trending 3% versus*: 23% Month LM 2% L3M 7% PYM 11% LY $320,000 $499,000 0% 6% 9% 16% 21% $516,598 $1,149,296 2,151 3% -2% 23% -17% $320,000 381 2% 7% 7% 11% 6% 14% $516,598 108 6% 13% 9% 9% 21% -6% 12% 2,151 -2% -17% $387 25% 14% 28% 381 7% 6% $275 6% 6% 14% 108 13% 9% -6% 1% 5.6 -8% -9% -22% $387 25% 14% 28% 25% 94.0% -.4% -.2% -.7% 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 $275 6% 6% 14% 5.6 -8% -9% -22% 94.0% -.4% -.2% -.7% 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 450 June Property sales were 381, up 5.8% from 360 in June of 2016 and 7.0% higher than the 356 sales last month. June 2017 sales 400 Property Sales were at their highest level compared to June of 2016 and 2015. 450 350 June sales up 5.8% from in June of 2016 year- June Property YTD sales of were 1,911 381, are running 1.1% 360 behind last year's and 7.0% sales higher the 356 sales last month. June 2017 sales 400 300 to-date of than 1,932. were at their highest level compared to June of 2016 and 2015. 350 250 -1% 4% -10% 2% 25% $334 8% 1,911 -1% 11% $258 6% 96 -10% -10% -32% 7.6 -10% $334 8% 8% -.0% 94.1% 0% -10% 8% 4% -8% 0% 3 Mo Avg 3 Mo Avg 300 200 354 0 50 Prices 14 600 550 15 16 289 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 The Median Sales Price in June was $320,000, up 10.5% from Prices $289,500 in June of 2016 and up 1.7% from $314,500 last The Median Sales Price Sales in June was in $320,000, 10.5% from month. The Average Price June was up $516,598, up 21.1% 600 $289,500 in June in of June 2016 of and up 1.7% from $314,500 last from $426,707 2016 and up 6.3% from $485,889 last month. Average Price June was $516,598, up 21.1% month. The June 2017 Sales ASP was at in the highest level compared to 550 from in June of 2016 and up 6.3% from $485,889 last 500 June $426,707 of 2016 and 2015. 50 100 250 150 200 100 150 month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. $290,000 1,911 6% $471,949 4% 1% 96 Number of Properties Sold June YTD sales of 1,911 are running 1.1% behind last year's year- to-date sales of 1,932. Trending versus*: Prior YTD 6% Prior Year 4% 14% YTD $290,000 12% $471,949 4% 2% 11% $258 6% 4% -32% 7.6 -10% -8% Number of 94.1% Properties -.0% 0% Sold 0% * 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 17 Median Sales Price and Average Sales Price 3 Mo Avg 500 450 450 400 400 350 350 300 300 250 250 200 200 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 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 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 12.0 10.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of June 3,000 was Total 2,151, down 1.8% from 2,191 last month and as down 17.4% The Inventory of Properties available for sale of June from 2,603 in June of last 2,191 year. June 2017 Inventory was at its 3,000 2,500 was 2,151, down 1.8% from last month and down 17.4% from 2,603 in compared June of last with year. June June was at its lowest level of 2017 2016 Inventory and 2015. 2,500 2,000 lowest level compared with June of 2016 and 2015. 8.0 6.0 4.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. 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