FL ARCHIVED March 2018 | Page 44

Market Action Report Charlotte County Agent Name Market Action Report Title Phone Agent Name Website Other Title Phone Month Website LM Trending versus*: L3M PYM LY $142 2% 2% 6% 7% $139 7% 5% 3.9 -25% -25% -10% -18% 5.2 -12% 9% of 94.2% Properties 94.1% .5% -.3% .1% Number .2% 0% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date March Month's Supply of Inventory March Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 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 15 16 17 18 3 Mo Avg 700 March Property sales were 555, up 2.0% from 544 in March of 2017 and 30.6% higher than the 425 sales last month. March 600 Property 2018 sales Sales were at their highest level compared to March of 700 March Property were YTD 555, sales up 2.0% from are 544 running in March of 500 2017 and 2016. sales March of 1,319 3.9% 2017 and of 30.6% higher than the 425 sales sales of last month. March 600 ahead last year's year-to-date 1,269. 400 2018 sales were at their highest level compared to March of Median Sales Price and Average Sales Price 18 3 Mo Avg 96% 95% 94.3% 94.1% 94.0% 94% 93% 91% 90% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 1,500 1,000 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 A higher comparatively lower MSI is more The beneficial sellers while a 1,000 MSI is better for buyers. March for 2018 MSI of 3.9 500 higher MSI is better for buyers. March 2018 MSI of of 3.9 2017 and months was at its lowest level The compared with March 500 months was at its lowest level compared with March of 2017 and 0 2016. 0 2016. 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 . 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 1,000 1,500 2,000 2,500 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 3,000 Total Inventory & Month's Supply of Inventory (MSI) This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in March 2018 was 751, up 6.7% from 704 last month and up 9.8% from 684 in March of last year. Total Inventory & Month's Supply of Inventory (MSI) 3,000 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 92% 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 18 1,500 44 | c 386 17 16 A M J J A S O N D J F M 17 A M 15 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 was Total 2,171, down 2.1% from 2,217 last month and as down 8.0% The Inventory of Properties available for sale of March from 2,359 in March of last year. 2018 down Inventory was 2,171, down 2.1% from 2,217 last March month and 8.0% was at 3,000 2,500 from 2,359 in March of last year. March 2018 Inventory was at its lowest level compared with March of 2017 and 2016. 2,500 2,000 its lowest level compared with March of 2017 and 2016. 2,000 A comparatively lower MSI is more beneficial for sellers while a 456 16 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2018 Selling Price vs Original List Price of 94.1% was up from 93.6% last month and up from 94.0% in March of last year. The Total Inventory Inventory & MSI of Properties available for sale as of March 122 250 240 230 220 210 200 190 180 170 160 150 Inventory & MSI 134 220 210 200 190 180 170 160 150 15 $245,490 last month. March 2018 ASP was at the highest level compared to March of 2017 and 2016. 3 Mo Avg 142 Prices 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 A M J J A S O N D Median J F M A M Sales J J A Price S O N and D J Average F M A M Sales J J A Price S O N D J F M 3 Mo Avg 0 The Median Sales Price in March was $214,000, up 7.0% from Prices $200,000 in March of 2017 and up 2.9% from $208,000 last The Median Sales Price Sales in March was 7.0% from up month. The Average Price in $214,000, March was up $246,424, 250 $200,000 in $237,682 March of 2017 and up 2.9% and from up $208,000 last 3.7% from in March of 2017 0.4% from 240 month. The last Average Sales Price 2018 in March up level $245,490 month. March ASP was was $246,424, at the highest 230 3.7% from $237,682 2017 and up 0.4% from compared to March in of March 2017 of and 2016. 0 100 150 145 140 135 130 125 120 115 110 105 100 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 18 100 200 200 300 3 Mo Avg 300 400 500 2017 and 2016. March YTD sales of 1,319 are running 3.9% ahead of last year's year-to-date sales of 1,269. Number of Properties Sold Selling Price per Square Foot Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The March 2018 Selling Price per Square Foot of $142 was up 2.4% from $139 last month and up 6.2% from 134 in March of last year. March Sale Price vs List Price Ratio March Sold Price per Square Foot 20 Asking Price per Square Foot (based on New Listings) 40 March Month's Supply of Inventory 60 March Sold Price per Square Foot March Average Days on Market (Solds) 79 72 Asking Price per Square Foot (based on New Listings) March Number of Properties Sold -4% 8% 5% 9% 0% 80 80 Total Properties Currently for Sale (Inventory) 3% 4% 100 March Average Days on Market (Solds) The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 79, up 3.9% from 76 days last month and down 1.3% from 80 days in March of last year. The March 2018 DOM was at a mid level compared with March of 2017 and 2016. 3 Mo Avg 120 March Average Sales Price Market Time March Sales Price March Median Number of Properties Sold Days On Market for Sold Properties Trending versus*: Prior YTD Prior Year YTD Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Community Information | School District Market Profile Sales & Trends March Median Price Overview Median Price Sales of all Price Current Listings March List Average Title Phone Website Other Price Range: All | Properties: SFH - Con $279,000 0% 7% Other $349,831 Trending 2% versus*: 4% Trending versus*: Month LM 3% L3M 4% PYM 7% LY Prior YTD 8% Prior Year $214,000 7% YTD $205,000 $279,000 0% 0% 2% 7% 4% $246,424 6% $242,027 6% $349,831 2,171 2% -2% 4% -8% $214,000 555 3% 31% 4% 7% 2% 7% $205,000 1,319 8% 4% 3% $246,424 0% 2% 4% 6% $242,027 6% 79 4% 4% -1% -1% 77 0% 4% 2,171 -2% -8% $162 6% 2% 11% 9% $160 8% 555 31% 2% 1,319 4% $142 2% 2% 6% 7% $139 7% 79 4% 4% -1% -1% 77 0% -4% 3.9 -25% -25% -10% -18% 5.2 -12% $162 6% 2% 11% 9% $160 8% 8% 94.1% .5% -.3% .1% .2% 94.2% 0% Average List Price of all Current Listings Agent Name Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con March 2018 Charlotte County County: Charlotte March 2018 Community Information | School District Price Range: All | Properties: SFH - Con Market Action Report County: Charlotte County: Charlotte March 2018 500 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 15 16 17 18 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 Association of REALTORS 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. c o l dw el l b a n k er h o m es . c o m | 45 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 Association Flagler of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board Coast of REALTORS, Coast Association of REALTORS, Pensacola of REALTORS and estate may Data is is provided courtesy of Greater Fort Fort Lauderdale REALTORS, REALTOR Association of Martin County, County, Miami Association of REALTORS, My Florida My Regional Naples Area Naples Board Area of REALTORS, REALTORS Association the Palm Beaches, Space Coast Association of REALTORS, County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal of Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Association Emerald of REALTORS, Pensacola Association of REALTORS and Association may not reflect all relevant real does warrant or guarantee accuracy of information. this information. It is responsibility the responsibility any or buyer verify and all information to such consumer’s estate transaction. does not not warrant or guarantee the the accuracy of this It is the of any of buyer seller or to seller verify to any and any all information relevant to relevant such consumer’s real estate real transaction.