FL ARCHIVED November 2017 | Page 90

Market Action Report November 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report November 2017 Agent Name

Fort City : 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
$ 499,000
0 %
11 %
Average List Price of all Current Listings
$ 1,171,796
1 %
11 %
November Median Sales Price
$ 260,000
7 %
-4%
-16%
-7%
$ 288,000
3 %
3 %
November Average Sales Price
$ 378,468
7 %
-22% -34% -18%
$ 474,043
4 %
3 %
Total Properties Currently for Sale ( Inventory )
2,097
0 %
-12%
November Number of Properties Sold
80
21 %
-71%
2,681
-22%
November Average Days on Market ( Solds )
102
32 %
12 %
-1%
-5%
94
-15%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 299
6 %
-2%
-9%
-1%
$ 319
5 %
5 %
November Sold Price per Square Foot
$ 232
13 %
-6%
-13%
-4%
$ 252
5 %
4 %
November Month ' s Supply of Inventory
26.2 -17% -19% 206 % 216 %
14.4
73 %
74 %
November Sale Price vs List Price Ratio
91.8 % -3.1% -1.7% -2.9% -2.3%
94.1 %
-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
November Property sales were 80 , down 71.4 % from 280 in
November of 2016 and 21.2 % higher than the 66 sales last
400
Number of Properties Sold
3 Mo Avg
Property month . November Sales 2017 sales were at their lowest level
450
350
November compared Property to November sales were of 2016 80 , down and 2015 71.4 .% November from 280 in YTD sales
November of 2016 and 21.2 higher than the 66 sales last
400 of 2,681 are running 21.9 % behind last year ' s year-to-date sales
300
month of 3,431 . November . 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales of 2,681 are running 21.9 % behind last year ' s year-to-date sales of 3,431 .
350
300
250
250
200
150
200
100
150
50
100
0
50
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 $ 260,000 , down
Prices
16.1 % from $ 310,000 in November of 2016 and up 7.0 % from
The
$ 243,000 Median last Sales month Price . in The November Average was Sales $ 260,000 Price in , down November was
600
16.1
$ 378,468 % from , $ down 310,000 33.6 in % November from $ 569,843 of 2016 in and November up 7.0 % of from 2016 and
$ up 243,000 6.8 % from last month $ 354,458 . The last Average month Sales . November Price in November 2017 ASP was was
550 at
$ the 378,468 lowest , down level 33.6 compared % from to $ 569,843 November in November of 2016 and of 2016 2015 and .
500
D
J
F M A M J
14
15
600
550
500
450
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
16
17
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
up 6.8 % from $ 354,458 last month . November 2017 ASP was at the lowest level compared to November of 2016 and 2015 .
450
400
400
350
350
300
300
250
250
200
200
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
November Total Inventory was 2,097 of Properties , up 0.5 % from available 2,087 for last sale month as of and down
3,000
November
12.4 % from was 2,395 2,097 in , up November 0.5 % from of 2,087 last year last . month November and down 2017
3,000
45.0
2,500
12.4
Inventory % from 2,395 was at in its November lowest level of last compared year . November with November 2017 of
40.0
2,500
Inventory
2016 and was 2015 at . its lowest level compared with November of
2,000
35.0
2016 and 2015 .
2,000
30.0
1,500
25.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
20.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
15.0 higher MSI is better for buyers . The November 2017 MSI of
500 higher MSI is better for buyers . The November 2017 MSI of
10.0
26.2 months was at its highest level compared with November of
500
26.2 months was at its highest level compared with November of
5.0
2016 and 2015 .
0
2016 and 2015 .
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 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
14
15
16
17
347 243 255 374 348 362 371 398 315 355 306
347 243 255 374 348 362 371 398 315 355 306 258 353 240 291 363 338 345 366 300 306 331 271 280 308 242 239 372 337 365 406 294 227 53 66 80
2,361 2,538 2,616 2,479 2,459 2,390 2,343 2,328 2,280 2,255 2,341 2,404 2,340
2,516
Number of Properties Sold
258
2,361 2,538 2,616 2,479 2,459 2,390 2,343 2,328 2,280 2,255 2,341 2,404
353 240 291 363
2,751 2,340 2,746 2,758 2,701 2,629
338 345 366 300 306 331 271
2,516 2,751 2,746 2,758 2,701 2,629 2,551 2,493 2,370 2,385 2,395 280 308 242 239 372
2,551 2,493 2,370 2,385 2,395 2,337 2,487 2,454 2,450 2,303 2,206 2,169 2,162 2,089 337 365 406
2,059 2,087 2,097
294
2,337 2,487 2,454 2,450 2,303 2,206 2,169 2,162 2,089 2,059
227
3 Mo Avg
53
2,087
2,097 66 80
45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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
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