FL ARCHIVED November 2017 | Page 143

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

City : Palm Bay

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
$ 213,850
4 %
22 %
Average List Price of all Current Listings
$ 231,524
4 %
23 %
November Median Sales Price
$ 164,900
-3%
0 %
10 %
15 %
$ 163,000
15 %
14 %
November Average Sales Price
$ 172,437
-1%
0 %
13 %
15 %
$ 168,505
13 %
12 %
Total Properties Currently for Sale ( Inventory )
443
-7%
-12%
November Number of Properties Sold
184
-3%
4 %
2,212
2 %
November Average Days on Market ( Solds )
45
2 %
13 %
10 %
5 %
42
-2%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 119
3 %
3 %
13 %
20 %
$ 112
13 %
13 %
November Sold Price per Square Foot
$ 109
2 %
1 %
13 %
18 %
$ 105
14 %
14 %
November Month ' s Supply of Inventory
2.4
-3%
-10% -16%
1 %
2.4
1 %
1 %
November Sale Price vs List Price Ratio
95.7 %
. 1 %
-. 2 %
. 0 %
-. 3 %
95.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
November Property sales were 184 , up 4.0 % from 177 in
November of 2016 and 3.2 % lower than the 190 sales last month .
Property
November Sales 2017 sales were at their highest level compared to
300
250
November Property of 2016 sales and were 2015 . 184 November , up 4.0 % YTD from sales 177 in of 2,212 are
November running 2.0 of 2016 % ahead and of 3.2 last % lower year ' than s year-to-date the 190 sales sales last of month 2,168 .
250
November 2017 sales were at their highest level compared to
200
November of 2016 and 2015 . November YTD sales of 2,212 are running 2.0 % ahead of last year ' s year-to-date sales of 2,168 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

100
50
Number of Properties Sold
50
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 164,900 , up 10.0 %
Prices from $ 149,900 in November of 2016 and down 3.0 % from
The
$ 170,000 Median last Sales month Price . in The November Average was Sales $ 164,900 Price in , up November 10.0 % was
200 from
$ 172,437 $ 149,900 , up 12.9 in November % from $ of 152,673 2016 and in November down 3.0 % of from 2016 and
190
$ down 170,000 0.6 last % from month $ 173,526 . The Average last month Sales . Price November in November 2017 ASP was was $ 172,437 , up 12.9 % from $ 152,673 in of
180 at the highest level compared to November of 2016 and 2015 . down 0.6 % from $ 173,526 last month . November 2017 ASP was
170 at the highest level compared to November of 2016 and 2015 .
160
150
140
130
120
110
100
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
200
Median Sales Price and Average Sales Price
190
3 Mo Avg
180
170
160
150
140
130
120
110
100
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
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
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 443 of , down Properties 6.5 % available from 474 for last sale month as of and down
November
12.5 % from was 506 443 in , down November 6.5 % from of last 474 year last . month November and down 2017
600
12.5
Inventory % from 506 was in at November its lowest level of last compared year . November with November 2017 of
500
Inventory
2016 and was 2015 at . its lowest level compared with November of
2016 and 2015 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
4.0
3.0
5.0
4.0
3.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The November 2017 MSI of 2.4 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 2.4 of 2016
100 months and 2015 was . at its lowest level compared with November of 2016 and 2015 .
0
200
2.0
100
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
2.0
1.0
0.0
203 127 169 211 239 210 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 203 157 153 234 186 240 271 221 213 163 190 184
542 565
203 542 513
127
565 169 211 239 210 217 216 197 223 183
Number of Properties Sold
146 215 152 163 217 211
3 Mo Avg
466
446 513
434 466
434 446
452 434
439 434 423 452
444 439
454 423
440
444 493 454
454 440
459
493 436 418
454
429 459
432 436
445 418
464 429
477 432
506 445
476 464
477 477
470 506
460 476
441 477 413 470
453
460 483 441 509 413 502 453
474 483
443 509
219 267 188 205 191 178 177 203 157 153 234 186 240 271 221 213 502
3 Mo Avg
163
474 190
443
184
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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