FL ARCHIVED October 2017 | Page 141

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 375,000
-3%
-6%
Average List Price of all Current Listings
$ 595,354
1 %
5 %
October Median Sales Price
$ 247,900
-8%
-6%
-7%
4 %
$ 265,000
12 %
11 %
October Average Sales Price
$ 274,966
-26% -13% -5%
0 %
$ 308,513
13 %
13 %
Total Properties Currently for Sale ( Inventory )
281
-1%
12 %
October Number of Properties Sold
67
-3%
-3%
815
-2%
October Average Days on Market ( Solds )
57 -30%
4 %
-19%
-2%
54
-5%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 168
-5%
-1%
4 %
8 %
$ 169
9 %
8 %
October Sold Price per Square Foot
$ 149
-4%
-3%
10 %
10 %
$ 150
13 %
11 %
October Month ' s Supply of Inventory
4.2
2 %
11 %
16 %
16 %
3.7
3 %
2 %
October Sale Price vs List Price Ratio
94.5 %
1.4 %
. 1 %
. 6 %
. 6 %
94.5 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
October Property sales were 67 , down 2.9 % from 69 in October
of 2016 and 2.9 % lower than the 69 sales last month . October
Property
2017 sales Sales were at their lowest level compared to October of
120
100
October
2016 and Property 2015 . sales October were YTD 67 , down sales 2.9 of 815 % from are 69 running October 2.4 % of behind 2016 and last 2.9 year % lower ' s year-to-date than the 69 sales sales of last 835 month . . October
2017 sales were at their lowest level compared to October of
100
80
2016 and 2015 . October YTD sales of 815 are running 2.4 % behind last year ' s year-to-date sales of 835 .
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 October was $ 247,900 , down 7.2 %
Prices from $ 267,000 in October of 2016 and down 8.2 % from The $ 269,900 Median last Sales month Price . in The October Average was Sales $ 247,900 Price , down in October 7.2 % was
400 from $ 274,966 $ 267,000 , down in October 5.0 % from of 2016 $ 289,483 and down in October 8.2 % from of 2016 and $ down 269,900 26.1 last % from month $ . 372,009 The Average last month Sales Price . October in October 2017 was ASP was $ 274,966 , down 5.0 % from $ 289,483 in October of 2016 and 350 at the lowest level compared to October of 2016 and 2015 . down 26.1 % from $ 372,009 last month . October 2017 ASP was
at the lowest level compared to October of 2016 and 2015 . 300
40
20
0
20
58 75 61 52 81 99 103 102 100 109 91 89 55 73 47 83
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
14
15
16
17
N
D
J
F M A M J
14
15
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
16
17
J
A S O
3 Mo Avg
400
Median Sales Price and Average Sales Price
58 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 67
350
300
250
87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97
3 Mo Avg
75 102 69 67
250 200
200
150
150
N
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
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
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
The
October Total Inventory was 281 , down of Properties 1.4 % from available 285 last for month sale as of and up 12.4 %
October from 250 was in 281 October , down of 1.4 last % from year 285 . October last month 2017 and Inventory up 12.4 % was
450 at from a mid 250 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 . was at
400
450
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
8.0
7.0
6.0
a mid level compared with October 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 October 2017 MSI of 4.2 higher MSI is better for buyers . The October 2017 MSI of 4.2
100 months was at its highest level compared with October of 2016 months was at its highest level compared with October of 2016
50 and 2015 . and 2015 .
0
300
250
200
150
100
50
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
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
6.0
5.0
4.0
3.0
2.0
1.0
0.0
A S O
5.0
4.0
3.0
2.0
1.0
0.0
330 320
363 330
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
293 288
314
272 298
293 293
289 288
263 272
256 293
250 289
258 263
266 256
260 250
259 258
282 266 283
260 309 259 317 282 325 283 302
309 285
317
281 325
302 285 281
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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