FL ARCHIVED October 2017 | Page 130

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

City : Wellington

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
$ 559,000
2 %
12 %
Average List Price of all Current Listings
$ 1,700,700
2 %
16 %
October Median Sales Price
$ 366,450
-3%
-2%
2 %
0 %
$ 374,000
1 %
2 %
October Average Sales Price
$ 593,138
30 %
28 %
41 %
0 %
$ 526,194
-14%
-11%
Total Properties Currently for Sale ( Inventory )
680
4 %
-5%
October Number of Properties Sold
106
45 %
10 %
1,039
-5%
October Average Days on Market ( Solds )
87 -12%
6 %
-1%
-10%
92
-6%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 278
-19% -1%
17 %
14 %
$ 274
16 %
12 %
October Sold Price per Square Foot
$ 181
-3%
0 %
11 %
-11%
$ 194
-4%
-4%
October Month ' s Supply of Inventory
6.4 -29% -12% -14% -13%
7.3
-0%
-0%
October Sale Price vs List Price Ratio
93.6 %
. 3 %
-. 2 %
. 4 %
. 0 %
93.2 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Wellington Title

Phone Website Other

Community Information | School District

Property Sales
180
October Property sales were 106 , up 10.4 % from 96 in October of 2016 and 45.2 % higher than the 73 sales last month . October
160
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at a mid level compared to October of 2016 and
180
140
October
2015 . October Property YTD sales sales were of 106 1,039 , up 10.4 are % running from 965.1 in % October behind last of 2016 and 45.2 % higher than the 73 sales last month . October
160 year ' s year-to-date sales of 1,095 .
120
2017 sales were at a mid level compared to October of 2016 and
140
100
2015 . October YTD sales of 1,039 are running 5.1 % behind last year ' s year-to-date sales of 1,095 .
120
80
100
60
80
40
60
20
40
0
20
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
The Median Sales Price in October was $ 366,450 , up 1.8 % from
1,000
Prices
$ 360,000 in October of 2016 and down 2.5 % from $ 376,000
Median Sales Price and Average Sales Price
The last Median month Sales . The Price Average in October Sales Price was $ in 366,450 October , up was 1.8 $ % 593,138 from ,
1,000
900
$ up 360,000 41.2 % in from October $ 419,982 of 2016 in and October down of 2.5 2016 % from and $ up 376,000 29.7 % from last
$ 457,490 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 593,138 highest , level
900
800
J
A S O
3 Mo Avg
3 Mo Avg
up compared 41.2 % from to October $ 419,982 of in 2016 October and of 2015 2016 . and up 29.7 % from
$ 457,490 last month . October 2017 ASP was at the highest level
800
700
compared to October of 2016 and 2015 .
700
600
600
500
90 101 86 72 91 138
90 101 86 72 91 138 135 131 158 115 125 116 86 112 80 71 116 95 126 146 116 143 106 96 95 101 77 92 116 105 126 124 106 114 73 106
500 400
400 300 300
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
14 J F
15 M 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 J J A S O
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 October Total Inventory was 680 , up of Properties 3.7 % from available 656 last for month sale as and of down 4.6 % 1,000
14.0
October from 713 was in 680 October , up 3.7 of % last from year 656 . October last month 2017 and Inventory down 4.6 % was at 1,000
14.0 12.0 800 from its lowest 713 in level October compared of last year with . October 2017 of 2016 Inventory and 2015 was . at 12.0
800 10.0 its lowest level compared with October of 2016 and 2015 . 600
10.0 8.0
600 8.0
400 6.0
A comparatively lower MSI is more beneficial for sellers while a 400 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 6.4 200
4.0 higher months MSI was is better at a mid for level buyers compared . The October with October 2017 MSI of of 2016 6.4 and 200
2.0 months was at a mid level compared with October of 2016 and 2.0
2015 . 0
0.0 2015 .
0
0.0 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 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 14 15
16 17
14 15 16
17
135 131
809 803 842 894 886 858 817 772
158
809 803 842 894 886 858 817 772 760 712 701
115 125
744 725 688
748 803
Number of Properties Sold
116 86 112
760 712 701 744 725 688
80 71 116 95 126 146
748 803 828 822 769 762 720
828
822 769 762 720 697 758 713 116 143 106 96 95 101 77 92 116 105 126
737 721 740 794 794 781 756 760 736 727 656 680
124
697 758 713 737 721 740 794 794 781 756 760 736 727
106
3 Mo Avg
114
656
680 73 106
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
130 | 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 .