FL ARCHIVED May 2017 | Page 92

Market Action Report May 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report May 2017 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
$ 499,900
2 %
18 %
Average List Price of all Current Listings
$ 1,121,217
1 %
22 %
May Median Sales Price
$ 314,000
8 %
8 %
16 %
12 %
$ 285,000
6 %
2 %
May Average Sales Price
$ 493,453
15 %
5 %
6 %
7 %
$ 464,138
1 %
1 %
Total Properties Currently for Sale ( Inventory )
2,175
-4%
-19%
May Number of Properties Sold
337
3 %
-2%
1,505
-4%
May Average Days on Market ( Solds )
95
1 %
2 %
-19% -11%
93
-11%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 313
-8%
-5%
7 %
1 %
$ 326
5 %
5 %
May Sold Price per Square Foot
$ 261
3 %
2 %
11 %
6 %
$ 255
5 %
3 %
May Month ' s Supply of Inventory
6.5
-6%
-3% -17% -22%
8.0
-7%
-2%
May Sale Price vs List Price Ratio
94.4 %
-. 2 %
. 0 %
1.2 %
. 4 %
94.2 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
450
May Property sales were 337 , down 2.3 % from 345 in May of
2016 and 3.1 % higher than the 327 sales last month . May 2017
400
Property sales were Sales at their lowest level compared to May of 2016 and
450
350
May
2015 Property . May YTD sales sales were of 337 1,505 , down are 2.3 running % from 4.3 345 % in behind May of last
2016 year and ' s year-to-date 3.1 % higher sales than of the 1,572 327 sales . last month . May 2017
400
300
sales were at their lowest level compared to May of 2016 and
350
250
2015 . May YTD sales of 1,505 are running 4.3 % behind last year ' s year-to-date sales of 1,572 .
300
200
250
150
200
100
150
50
100
0
50
0
Prices
The Median Sales Price in May was $ 314,000 , up 15.7 % from
Prices
$ 271,455 in May of 2016 and up 8.3 % from $ 290,000 last
J
14
600
The month Median . The Sales Average Price Sales in May Price was $ in 314,000 May was , up $ 493,453 15.7 % from , up 6.5 %
600
$ from 271,455 $ 463,409 in May of in 2016 May and of 2016 up 8.3 and % from up 14.9 $ 290,000 % from $ last 429,480 month last month . The . Average May 2017 Sales ASP Price was in at May the was highest $ 493,453 level , compared up 6.5 % to
550 from
May $ of 463,409 2016 and in May 2015 of . 2016 and up 14.9 % from $ 429,480
500
550
500
450
last month . May 2017 ASP was at the highest level compared to
May of 2016 and 2015 .
450
400
400
350
350
300
300
250
354 319 272 306 273 236
Number of Properties Sold
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
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
Median Sales Price and Average Sales Price
354 319 272 306 273 236 343 242 254 373 347 362 370 394 315 354 305 257 348 239 289 362 337 345 360 297 303 331 267 278 304 241 235 365 327 337
250
200
200
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 2,175 Inventory , down 3.6 of % Properties from 2,257 available last month for sale and as down of May 18.6 %
3,000 was from 2,175 2,671 , down in May 3.6 % of from last 2,257 year . last May month 2017 and Inventory down 18.6 was % at its
3,000
2,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
from lowest 2,671 level in May compared of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May of 2016 and 2015 .
2,500
2,000
10.0
8.0
2,000
1,500
8.0
6.0
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The May 2017 MSI of 6.5 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 6.5
500 of 2016 and
500
2.0 months
2015 . was at its lowest level compared with May of 2016 and
0
2015 .
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
4.0
2.0
0.0
2,226 2,240 2,241 2,317 2,398
343 242 254 373 347
2,226 2,240 2,241 2,317 2,398 2,401 2,348 2,528 2,604 2,469 2,449 2,379 2,333 2,323 2,276 2,251 2,342 2,382 2,329
2,500
Number of Properties Sold
362 370 394 315 354 305
2,401
2,348 2,528 2,604 2,469 2,449 2,379 2,333 2,323 2,276 2,251 2,342 2,382 257 348 239 289
2,737
2,329 2,722 2,725 2,671 2,605
362 337 345 360 297
2,500 2,737 2,722 2,725 2,671 2,605 2,521 2,461
303 331 267 278
2,521 2,461 2,335 2,342 2,354 2,296 2,432 2,402 2,393 2,257 2,175
3 Mo Avg
304 241
3 Mo Avg
235 365
2,335 2,342 2,354 2,296 2,432 2,402 2,393 2,257 2,175
3 Mo Avg
327
337
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
92 | 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 .