FL ARCHIVED March 2018 | Page 178

Market Action Report March 2018 Agent Name
Phone Community Information Website | School District Other Price Range : All | Properties : SFH - Con
Market Action Report March 2018 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other 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
$ 514,995
3 %
14 %
Average List Price of all Current Listings
$ 1,202,514
2 %
14 %
March Median Sales Price
$ 302,450
17 %
14 %
12 %
6 %
$ 270,000
1 %
-5%
March Average Sales Price
$ 425,676
1 %
-1%
-8%
-10%
$ 408,047
-11%
-14%
Total Properties Currently for Sale ( Inventory )
2,136
-1%
-13%
March Number of Properties Sold
100
39 %
-73%
237
-72%
March Average Days on Market ( Solds )
77
17 %
0 %
-20% -17%
76
-17%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 298
8 %
3 %
-5%
-6%
$ 285
-9%
-10%
March Sold Price per Square Foot
$ 240
7 %
4 %
-3%
-4%
$ 231
-6%
-8%
March Month ' s Supply of Inventory
21.4 -28% -24% 226 % 42 %
28.0
210 %
86 %
March Sale Price vs List Price Ratio
94.9 %
1.7 % 1.4 % 1.1 % 1.0 %
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
450
March Property sales were 100 , down 73.2 % from 373 in March of 2017 and 38.9 % higher than the 72 sales last month . March
400
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their lowest level compared to March of 2017
450
350
March and 2016 Property . March sales YTD were sales 100 , of down 237 73.2 are running % from 373 72.2 in % March behind of 2017 and 38.9 % higher than the 72 sales last month . March
400 last year ' s year-to-date sales of 854 .
300
2018 sales were at their lowest level compared to March of 2017
350
250
and 2016 . March YTD sales of 237 are running 72.2 % behind last year ' s year-to-date sales of 854 .
300
200
250
150
200
100
150
50
100
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
Prices
The Median Sales Price in March was $ 302,450 , up 12.0 % from
Prices
$ 270,000 in March of 2017 and up 17.5 % from $ 257,450 last
The month Median . The Sales Average Price Sales in March Price was in $ March 302,450 was , up $ 425,676 12.0 % from , down
600
$
8.3 270,000 % from in $ March 464,006 of 2017 in March and up of 17.5 2017 % from and up $ 257,450 1.2 % from last month
$ 420,690 . The last Average month Sales . March Price in 2018 March ASP was was $ 425,676 at the lowest , down level
550
8.3 compared % from $ to 464,006 March in of March 2017 and of 2017 2016 and . up 1.2 % from
500
A
M J
15
600
550
500
450
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 420,690 last month . March 2018 ASP was at the lowest level compared to March of 2017 and 2016 .
450
400
400
350
350
300
300
250
348 362 371 399 315 355 306 258
348 362 371 399 315 355 306 258 353 240 291 363 338 345 366 300 306 331 271 281 309 242 239 373 339 366 406 295 228 55 69 83 84 65 72 100
2,449 2,387 2,337 2,326 2,275 2,251 2,339 2,400 2,332
2,511
353 240 291
2,742 2,743 2,754 2,696 2,629
Number of Properties Sold
250
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
The was Total 2,136 Inventory , down 0.6 of % Properties from 2,148 available last month for sale and as down of March 12.7 %
3,000 was from 2,136 2,446 , down in March 0.6 % from of last 2,148 year last . March month 2018 and down Inventory 12.7 % was at
3,000
2,500 from its lowest 2,446 level in March compared of last year with . March of 2018 2017 Inventory and 2016 was . at
2,500 its lowest level compared with March of 2017 and 2016 .
2,000
2,000
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
40.0
35.0
30.0
25.0
40.0
35.0
30.0
25.0
20.0
1,500
20.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
15.0
A comparatively lower MSI is more beneficial for sellers while a
1,000 higher MSI is better for buyers . The March 2018 MSI of 21.4 higher MSI is better for buyers . The March 2018 MSI of 21.4
500
10.0 months was at its highest level compared with March of 2017
500 months was at its highest level compared with March of 2017
5.0 and 2016 .
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
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
15
16
17
18
15
16
17
18
15.0
10.0
5.0
0.0
2,449 2,387 2,337 2,326 2,275 2,251 2,339 2,400 2,332
363 338 345 366 300
2,511 2,742 2,743 2,754 2,696 2,629 2,548 2,489 306 331 271 281 309 242 239 373
2,548 2,489 2,365 2,382 2,394 2,334 2,486 2,448 2,446 2,302 2,207 2,174 2,166 2,094 339 366 406
2,365 2,382 2,394 2,334 2,486 2,448 2,446 2,302 2,207 2,174 2,166
295 228 55 69
2,069 2,101 2,122 2,105 2,124 2,148 2,136
83
2,094 2,069 2,101 2,122 2,105 2,124
84
3 Mo Avg
65
2,148
2,136 72 100
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90 | c o l d w e l l b a n k e r h o m e s . c o m
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