FL ARCHIVED October 2017 | Page 143

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 209,900
0 %
20 %
Average List Price of all Current Listings
$ 227,155
-0%
21 %
October Median Sales Price
$ 170,500
3 %
0 %
14 %
19 %
$ 163,000
15 %
14 %
October Average Sales Price
$ 173,472
0 %
0 %
13 %
16 %
$ 168,170
13 %
12 %
Total Properties Currently for Sale ( Inventory )
442
-7%
-7%
October Number of Properties Sold
182
12 %
2 %
2,014
1 %
October Average Days on Market ( Solds )
44
22 %
22 %
19 %
2 %
42
-2%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 116
1 %
2 %
9 %
17 %
$ 111
13 %
12 %
October Sold Price per Square Foot
$ 106
-1%
-1%
13 %
16 %
$ 104
14 %
13 %
October Month ' s Supply of Inventory
2.4 -17% -5%
-9%
3 %
2.4
2 %
-0%
October Sale Price vs List Price Ratio
95.8 %
. 6 %
-. 2 %
. 4 %
-. 2 %
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
October Property sales were 182 , up 2.2 % from 178 in October
of 2016 and 11.7 % higher than the 163 sales last month . October
Property
2017 sales Sales were at a mid level compared to October of 2016 and
300
250
October
2015 . October Property YTD sales sales were of 182 2,014 , up 2.2 are % running from 1781.2 in % October ahead of last of year 2016 ' s year-to-date and 11.7 % higher sales than of 1,991 the 163 . sales last month . October
250
2017 sales were at a mid level compared to October of 2016 and
200
2015 . October YTD sales of 2,014 are running 1.2 % ahead of last year ' s year-to-date sales of 1,991 .
200
150
150
100

Palm Agent Bay 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 $ 170,500 , up 14.4 %
Prices from $ 149,000 in October of 2016 and up 3.3 % from $ 165,000 The last Median month Sales . The Price Average in October Sales Price was $ in 170,500 October , up was 14.4 $ % 173,472 , from up 13.4 $ 149,000 % from in $ October 152,989 of in 2016 October and of up 2016 3.3 % and from up $ 165,000 0.2 % from 190 last $ 173,048 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 173,472 highest , level up 13.4 % from $ 152,989 in October of 2016 and up 0.2 % from 170 compared to October of 2016 and 2015 . $ 173,048 last month . October 2017 ASP was at the highest level 150
compared to October of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The October Total Inventory was 442 , down of Properties 7.1 % from available 476 last for month sale as of and down October 6.8 % from was 442 474 , in down October 7.1 % from of last 476 year last . October month and 2017 down Inventory 600 6.8 was % from at a mid 474 level in October compared of last with year October . of 2017 2016 Inventory and 2015 . 500 was at a mid level compared with October 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 October 2017 MSI of 2.4 higher months MSI was is better at a mid for level buyers compared . The October with October 2017 MSI of of 2016 2.4 and 100
months 2015 . was at a mid level compared with October of 2016 and
2015 .
0
100
50
0
110 90 70 50
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
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
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
500
5.0
4.0
400
4.0
3.0
300
3.0
200
2.0
2.0
100
1.0
1.0
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
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
0.0
A S O
0.0
166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 153 234 185 240 269 218 213 163 182
545 540
166 545 563
202 540 509
127 563
463 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211
444 509
432 463
432 444
450 432 437 432
421 450
441
437 451 421
437
441 490 451
451
437 458 435
490
417 451
428 458
431 435
444 417
462 428
474 431
444 504
475 462
476 474
467 504
457 475 438 476
411 467
449
457 477 438 495 411 476
449 442
477
219 267 188 205 191 178 177 202 157 153 234 185 240 269 218 495
213
476 163
442
182
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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