FL ARCHIVED May 2017 | Page 68

Market Action Report May 2017
Community Information | School District
Market Action Report May 2017

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
$ 299,998
2 %
11 %
Average List Price of all Current Listings
$ 372,671
3 %
9 %
May Median Sales Price
$ 238,000
-6%
-3%
-3%
1 %
$ 244,900
8 %
4 %
May Average Sales Price
$ 259,080
-10% -6%
-6%
-1%
$ 275,362
7 %
5 %
Total Properties Currently for Sale ( Inventory )
788
-6%
5 %
May Number of Properties Sold
293
14 %
17 %
1,171
11 %
May Average Days on Market ( Solds )
76
12 %
3 %
36 %
27 %
73
28 %
22 %
Asking Price per Square Foot ( based on New Listings )
$ 188
1 %
4 %
7 %
8 %
$ 180
4 %
3 %
May Sold Price per Square Foot
$ 161
-7%
-5%
-2%
1 %
$ 168
5 %
5 %
May Month ' s Supply of Inventory
2.7 -18% -14% -10% -27%
4.2
9 %
14 %
May Sale Price vs List Price Ratio
93.3 %
-. 4 % -. 5 % -1.3% -1.5%
93.9 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
May Property sales were 293 , up 16.7 % from 251 in May of 2016
and 14.0 % higher than the 257 sales last month . May 2017 sales
300
Property were at their Sales highest level compared to May of 2016 and 2015 .
350
May
May Property YTD sales sales of were 1,171293 are , running up 16.7 % 10.9 from % 251 ahead in May of last of 2016 year ' s
250
and year-to-date 14.0 % higher sales than of 1,056 the 257 . sales last month . May 2017 sales were at their highest level compared to May of 2016 and 2015 .
300
200
May YTD sales of 1,171 are running 10.9 % ahead of last year ' s
250
year-to-date sales of 1,056 .
150
200
100
150
100
50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 238,000 , down 2.9 % from
J
14
J
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
3 Mo Avg
Prices
$ 245,000 in May of 2016 and down 6.4 % from $ 254,250 last
The month Median . The Sales Average Price Sales in May Price was $ in 238,000 May was , down $ 259,080 2.9 % from , down
$
6.5 245,000 % from in $ May 276,964 of 2016 in May and down of 2016 6.4 and % from down $ 254,250 10.1 % from last
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 288,196 . The last Average month Sales . May Price 2017 in May ASP was $ at 259,080 a mid , range down
6.5 compared % from $ to 276,964 May of in 2016 May of and 2016 2015 and . down 10.1 % from
$ 288,196 last month . May 2017 ASP was at a mid range
270
250
250
230
compared to May of 2016 and 2015 .
230
210
210 190
190 170

Venice

226 211
Agent Name
222
Title Phone Website Other

Community Information | School District

199 210 163
226 211 222 199 210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 293
170
150
150
J
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
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 788 , Inventory down 6.3 of % Properties from 841 last available month for and sale up as 4.9 of % May from 751
1,200 was in May 788 , of down last 6.3 year %. from May 841 2017 last Inventory month and was up at 4.9 its % highest from 751 level
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its highest level
1,000 compared with May of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The May 2017 MSI of 2.7 higher months MSI was is better at a mid for level buyers compared . The May with 2017 May MSI of of 2016 2.7 and
2015200 . months was at a mid level compared with May of 2016 and 2015 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
1.0
0
0.0
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 A M
14
15
16
17
14
15
16
17
5.0
4.0
3.0
2.0
1.0
0.0
195 139 174
746 709 658 685 671 694 720 749 742
265
746 709 658 685 671 694 720 749 742 742 689 642
291
Number of Properties Sold
278
742 689 642 242 266 214 195
565 550 499 503 524 595 617 191 165 197
565 550 499 503 524 595 617
160 158 236 251
723 793 847 771 751
723 793 847 771 751 725 696 694 251 233 220
690 752
816
206 207
852 953
725 696 694 690 752
206
969 964
189
816 852
3 Mo Avg
219
841
788 148 187
953 969 964
3 Mo Avg
286 257
841 788
293
68 | 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 .