FL ARCHIVED March 2018 | Page 130

Market Action Report March 2018
Community Information | School District
Market Action Report March 2018

City : Venice

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 308,246
3 %
10 %
Average List Price of all Current Listings
$ 373,057
1 %
8 %
March Median Sales Price
$ 263,000
12 %
4 %
5 %
6 %
$ 247,200
1 %
0 %
March Average Sales Price
$ 291,901
12 %
4 %
4 %
5 %
$ 278,040
0 %
0 %
Total Properties Currently for Sale ( Inventory )
973
-2%
1 %
March Number of Properties Sold
266
38 %
-7%
612
-1%
March Average Days on Market ( Solds )
81
19 %
14 %
4 %
17 %
72
-3%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 182
-3%
-3%
3 %
1 %
$ 187
6 %
3 %
March Sold Price per Square Foot
$ 178
12 %
4 %
4 %
7 %
$ 171
1 %
2 %
March Month ' s Supply of Inventory
3.7 -29% -28%
8 %
-7%
5.0
1 %
28 %
March Sale Price vs List Price Ratio
93.7 %
-. 8 % -. 6 % -. 1 %
-. 6 %
94.2 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
350
March Property sales were 266 , down 7.0 % from 286 in March
of 2017 and 37.8 % higher than the 193 sales last month . March
300
Property
2018 sales Sales were at a mid level compared to March of 2017 and
350
March
2016 . Property March YTD sales sales were of 266 612 , down are running 7.0 % from 1.4286 % behind March last
250
of year 2017 ' s and year-to-date 37.8 % higher sales than of 621 the . 193 sales last month . March
2018 sales were at a mid level compared to March of 2017 and
300
200
2016 . March YTD sales of 612 are running 1.4 % behind last
250
year ' s year-to-date sales of 621 .
150
200
100
150
100
50

Venice

Number of Properties Sold
0
50 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
0 15 16
17 18
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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in March was $ 263,000 , up 5.2 % from
300
Prices $ 249,950 in March of 2017 and up 11.9 % from $ 235,000 last Median Sales Price and Average Sales Price
3 Mo Avg The month Median . The Sales Average Price Sales in March Price was in $ March 263,000 was , up $ 291,901 5.2 % from , up
290
300 $ 4.1 249,950 % from in $ March 280,434 of 2017 in March and up of 11.9 2017 % and from up $ 235,000 11.9 % from last 280 month . The Average Sales Price in March was $ 291,901 , up
290
$ 260,940 last month . March 2018 ASP was at the highest level 270 4.1 % from $ 280,434 in March of 2017 and up 11.9 % from 280 compared to March of 2017 and 2016 .
260
$ 260,940 last month . March 2018 ASP was at the highest level 270 250 compared to March of 2017 and 2016 . 260
240 250
230 240
220 230
210
220 210
200
200 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
15 J J A S O N D J F M
16 A M J J A S O N D J F M
17 A M J J A S O N D J F M
18
15 16
17 18
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 973 , Inventory down 1.8 % of from Properties 991 last available month for and sale up as 0.5 of % March from 968 1,200
7.0 was in March 973 , down of last 1.8 % year from . March 991 last 2018 month Inventory and up 0.5 was % at from its highest 968 1,200 7.0
1,000 6.0 in level March compared of last year with . March 2018 of 2017 Inventory and 2016 was . at its highest 1,000 6.0
5.0 level compared with March of 2017 and 2016 .
800 5.0
800 4.0
600 4.0
600 3.0
A comparatively lower MSI is more beneficial for sellers while a 400 3.0
A comparatively lower MSI is more beneficial for sellers while a 400
2.0 higher MSI is better for buyers . The March 2018 MSI of 3.7
2.0 higher months MSI was is better at its highest for buyers level . The compared March 2018 with MSI March of 3.7
200 of 2017
1.0 200 months was at its highest level compared with March of 2017 1.0 and 2016 . 0
0.0 and 2016 .
0
0.0 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
M J F M A M J
F M A M J F M
15 16
17 18
291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 162 195 184 209 153 193 266
689
642
A
15
291 278
Agent Name 242
Title Phone Website Other

Community Information | School District

689 642
266 214 195 191
565 550 499 503 524 595 617
165
J A S O N D J 16
197
565 550 499 503 524 595 617 160 158
723 793 846 770 750 724 695 694
690 854
723 793 846 770 750 724 695 694
Number of Properties Sold
236 251 251 233 220 206
690 754
818
207 206
J A S O N D J 17
189
754 957
818 974
968 854
219 148 187
957 974 968 286 257 295 252 197
849 818 799 748 690 825 690
849 818 799 748 690 690 746 795
235 162
J A S O N D J 18
3 Mo Avg
195
972 991 973
184
746 795 825
209 972
3 Mo Avg
153 193
991 973
266
66 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .