FL ARCHIVED May 2017 | Page 90

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

City : Coral Springs

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
$ 384,900
3 %
11 %
Average List Price of all Current Listings
$ 382,767
-1%
13 %
May Median Sales Price
$ 340,000
-1%
1 %
8 %
5 %
$ 332,000
11 %
2 %
May Average Sales Price
$ 314,536
-0%
1 %
6 %
4 %
$ 306,977
8 %
2 %
Total Properties Currently for Sale ( Inventory )
452
1 %
-43%
May Number of Properties Sold
179
19 %
-17%
717
-16%
May Average Days on Market ( Solds )
49
2 %
-11% -41% -36%
56
-29%
-27%
Asking Price per Square Foot ( based on New Listings )
$ 165
-1%
0 %
10 %
9 %
$ 163
10 %
8 %
May Sold Price per Square Foot
$ 154
-1%
1 %
8 %
8 %
$ 151
9 %
6 %
May Month ' s Supply of Inventory
2.5 -15% -9% -31% -33%
3.3
-31%
-13%
May Sale Price vs List Price Ratio
96.5 %
. 0 %
. 0 %
-. 7 %
-. 0 %
96.6 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
May Property sales were 179 , down 17.1 % from 216 in May of
2016 and 19.3 % higher than the 150 sales last month . May 2017
Property sales were Sales at a mid level compared to May of 2016 and 2015 .
250
200
May
May Property YTD sales sales of were 717 are 179 running , down 17.1 16.3 %% from behind 216 in last May year of ' s yearto-date
and sales 19.3 % of higher 857 . than the 150 sales last month . May 2017
2016 sales were at a mid level compared to May of 2016 and 2015 .
200
150
May YTD sales of 717 are running 16.3 % behind last year ' s yearto-date
sales of 857 .
150
100
Agent Name

Coral Springs Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
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 $ 340,000 , up 7.9 % 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
$ 315,000 in May of 2016 and down 1.4 % from $ 345,000 last
The month Median . The Sales Average Price Sales in May Price was $ in 340,000 May was , up $ 314,536 7.9 % from , up 6.0 %
$ from 315,000 $ 296,661 in May in of 2016 May of and 2016 down and 1.4 down % from 0.1 $ % 345,000 from $ 314,855 last
390
390
370
Median Sales Price and Average Sales Price
3 Mo Avg
month last month . The . Average May 2017 Sales ASP Price was in at May the was highest $ 314,536 level , up compared 6.0 % to from $ 296,661 in May of 2016 and down 0.1 % from $ 314,855
370
May of 2016 and 2015 . last month . May 2017 ASP was at the highest level compared to
350
350
330
May of 2016 and 2015 .
330
310
310 290
290 270
181 174 161 146 188 133
181 174 161 146 188 133 171 121 131 163 183 165 197 191 192 172 166 134 202 131 145 170 195 216 230 202 220 215 170 150 155 95 134 159 150 179
270
250
250
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 452 , Inventory up 0.9 % from of Properties 448 last available month and for sale down as 43.0 of May % from
1,200 was 793452 in , May up 0.9 of % last from year 448 . May last 2017 month Inventory and down was 43.0 at % its from lowest
1,200
1,000
793 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May of 2016 and 2015 .
1,000
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
7.0
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 2.5 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 2.5 of 2016 and
200 months
2015 . was at its lowest level compared with May of 2016 and
2015 .
0
800
6.0
5.0
400
4.0
3.0
200
2.0
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
600
171 121 131
958 1,026 1,000 979 937 937 907 934 864
958 1,026 1,000 979 937 937 907 934 864 857 823
163 183 165 197 191 192 172 166
857 823 816 844 834 781 757 772
134
816 844 834 781 757 772 703 662 717
793
202
703
662 823
717 838
131 145 170
793 786 789
195
793 823 838 793 689
216
557 230 202
786 789
689 220
557 215 170 150 155
453 445 433 456 442 454 448 452 95 134
453 445 433 456 442 454
159 150
448 452
179
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
90 | c o l d w e l l b a n k e r h o m e s . c o m
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 .