FL ARCHIVED November 2017 | Page 141

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

City : Merritt Island

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
$ 370,400
-1%
-4%
Average List Price of all Current Listings
$ 574,703
-2%
4 %
November Median Sales Price
$ 280,000
12 %
6 %
19 %
18 %
$ 265,000
12 %
11 %
November Average Sales Price
$ 297,132
8 %
-6%
17 %
9 %
$ 307,681
14 %
12 %
Total Properties Currently for Sale ( Inventory )
282
0 %
9 %
November Number of Properties Sold
65
-4%
-8%
881
-3%
November Average Days on Market ( Solds )
47 -19% -19% -34% -19%
54
-7%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 174
4 %
1 %
9 %
12 %
$ 169
8 %
8 %
November Sold Price per Square Foot
$ 158
6 %
2 %
16 %
17 %
$ 150
13 %
11 %
November Month ' s Supply of Inventory
4.3
5 %
2 %
19 %
20 %
3.7
5 %
4 %
November Sale Price vs List Price Ratio
95.4 %
1.0 % 1.0 % 2.6 % 1.5 %
94.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
November Property sales were 65 , down 8.5 % from 71 in
November of 2016 and 4.4 % lower than the 68 sales last month .
Property
November Sales 2017 sales were at a mid level compared to November
120
100
November of 2016 and Property 2015 . sales November were 65 YTD , down sales 8.5 of % 881 from are 71 running 2.8 %
November behind last of year 2016 ' s and year-to-date 4.4 % lower sales than of the 906 68 . sales last month .
100
November 2017 sales were at a mid level compared to November
80
of 2016 and 2015 . November YTD sales of 881 are running 2.8 % behind last year ' s year-to-date sales of 906 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in November was $ 280,000 , up 18.6 %
Prices from $ 236,000 in November of 2016 and up 12.5 % from The $ 248,950 Median last Sales month Price . in The November Average was Sales $ 280,000 Price in , up November 18.6 % was
400 from $ 297,132 $ 236,000 , up 17.2 in November % from $ 253,510 of 2016 and in November up 12.5 % from of 2016 and up $ 7.8 248,950 % from last $ 275,568 month . The last Average month . Sales November Price in 2017 November ASP was was at a $ 297,132 , up 17.2 % from $ 253,510 in November of 2016 and up
350 mid range compared to November of 2016 and 2015 . 7.8 % from $ 275,568 last month . November 2017 ASP was at a
mid range compared to November of 2016 and 2015 .
300
40
20
0
20
0
75 61
350
300
250
75 61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 68 65
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 14 15
16 17
52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 68 65
D J F M A M J J A SMedian O N D JSales F M APrice M J Jand A SAverage O N D J Sales F M A Price M J J A S O N 14 15
16 17
3 Mo Avg
400 Median Sales Price and Average Sales Price
3 Mo Avg
250 200
200
150
150
D
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
14
15
16
17
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
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
The
November Total Inventory was 282 of , up Properties 0.4 % from available 281 last for month sale as of and up 9.3 %
November from 258 was in November 282 , up 0.4 of % last from year 281 . last November month and 2017 up Inventory 9.3 %
450 from was 258 at a in mid November level compared of last year with . November 2017 of 2016 Inventory and 2015 .
400 was at a mid level compared with November of 2016 and 2015 .
350
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The November 2017 MSI of 4.3 higher MSI is better for buyers . The November 2017 MSI of 4.3
100 months was at a mid level compared with November of 2016 and months was at a mid level compared with November of 2016 and
50
2015 .
2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
8.0
350
7.0
300
6.0
250
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
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 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
14
15
16
17
14
15
16
17
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
320 363
320 388
375 363
364 388
382 375
342 364
345 382
320 342 287 345
293 320
306 287 316 293
314 306
298 316
293
314 288 272
298
293 293
289 288
263 272
256 293
250 289
258 263
266 256
260 250
259 258
281 266
282 260 259
310 320 281 327 282 307
310 294
320 281
327
282 307 294 281 282
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 .
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