FL ARCHIVED November 2017 | Page 98

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

City : Weston

Price Range : All | Properties : SFH - Con
Agent Name

Weston Community Information Website | School District

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
$ 600,000
2 %
10 %
Average List Price of all Current Listings
$ 794,326
2 %
5 %
November Median Sales Price
$ 501,500
11 %
9 %
18 %
14 %
$ 450,000
2 %
2 %
November Average Sales Price
$ 569,104
28 %
12 %
25 %
16 %
$ 504,786
4 %
3 %
Total Properties Currently for Sale ( Inventory )
405 -11%
-6%
November Number of Properties Sold
46 -22%
-22%
871
-10%
November Average Days on Market ( Solds )
87
7 %
26 %
4 %
14 %
68
-11%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 189
-4%
-3%
-1%
-2%
$ 197
2 %
2 %
November Sold Price per Square Foot
$ 187
9 %
5 %
4 %
3 %
$ 182
-1%
0 %
November Month ' s Supply of Inventory
8.8
15 %
4 %
21 %
56 %
6.5
13 %
14 %
November Sale Price vs List Price Ratio
92.5 % -1.3% -1.6% -1.6% -2.5%
94.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Title Phone
Other
Number of Properties Sold
Property Sales
160
November Property sales were 46 , down 22.0 % from 59 in
November of 2016 and 22.0 % lower than the 59 sales last
140
Number of Properties Sold
3 Mo Avg
Property month . November Sales 2017 sales were at their lowest level
160
November compared Property to November sales were of 2016 46 , down and 2015 22.0 .% November from 59 in YTD sales
November of 2016 and 22.0 % lower than the 59 sales last
140 of 871 are running 10.0 % behind last year ' s year-to-date sales of
120
100
month
968 . . November 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales
120
80
of 871 are running 10.0 % behind last year ' s year-to-date sales of
968 .
100
80
60
40
60
20
40
0
20
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 $ 501,500 , up 18.0 %
Prices from $ 425,000 in November of 2016 and up 11.4 % from
The
$ 450,000 Median last Sales month Price . in The November Average was Sales $ 501,500 Price in , up November 18.0 % was
600 from
$ 569,104 $ 425,000 , up 25.4 in November % from $ of 453,682 2016 and in November up 11.4 % from of 2016 and up
D
J
F M A M J
14
15
600
550
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
$
28.1 450,000 % from last $ month 444,134 . The last Average month . Sales November Price in 2017 November ASP was at
550
$ the 569,104 highest , up level 25.4 % compared from $ 453,682 to November in November of 2016 of 2016 and 2015 and up .
500
28.1 % from $ 444,134 last month . November 2017 ASP was at
500
450
the highest level compared to November of 2016 and 2015 .
450
400
90 62 60 100 82 104 125 115 106 94 78 78 98 63 68 73
90 62 60 100 82 104 125 115 106 94 78 78 98 63 68 73 98 104 136 88 103 94 82 59 83 51 57 98 102 113 118 102 75 50 59 46
98 104 136 88 103 94 82 59 83 51 57 98 102 113 118 102 75
3 Mo Avg
50 59 46
400 350 300
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The November Total Inventory was 405 of , down Properties 10.6 % available from 453 for last sale month as of and down November 5.8 % from was 430 405 in , November down 10.6 % of from last 453 year last . November month and 2017 down
600
5.8 Inventory % from 430 was in at November a mid level of compared last year . November with November 2017 of 2016500 Inventory and 2015 was . at a mid level compared with November of 2016 and 2015 .
400
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 8.8 higher months MSI was is better at its highest for buyers level . The compared November with 2017 November MSI of 8.8 of 100
months 2016 and was 2015 at its . highest level compared with November of 2016 and 2015 .
0
350
300
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
14
15
J
F M A M J
J
A S O N D
J
16
F M A M J
J
A S O N D
J
17
F M A M J
J
A S O N
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
500
10.0
8.0
400
8.0
6.0
300
6.0
200
4.0
4.0
100
2.0
2.0
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
0.0
487
510 487 510
488
500 488 500
484
484
478
476 478 476
482 462
482 462
440 416
440 416
385
385 417 385 465 385 501 417 513 465
501
522
531 513
522
539 510
531
451 539 510
440
430 451 440
404 441
430
446
404 441
462 472
446 462
461 508
472
514 492
461
447 508 514 492
453 405
447 453
405
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
98 | c o l d w e l l b a n k e r h o m e s . c o m 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 .