FL ARCHIVED October 2017 | Page 149

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

County : Martin

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
$ 429,000
2 %
4 %
Average List Price of all Current Listings
$ 885,391
1 %
14 %
October Median Sales Price
$ 297,500
-1%
-1%
10 %
8 %
$ 290,000
5 %
5 %
October Average Sales Price
$ 390,048
13 %
0 %
12 %
3 %
$ 400,146
6 %
5 %
Total Properties Currently for Sale ( Inventory )
1,654
0 %
-16%
October Number of Properties Sold
261
7 %
-0%
3,585
3 %
October Average Days on Market ( Solds )
91
5 %
7 %
5 %
2 %
88
-2%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 218
8 %
5 %
6 %
11 %
$ 207
8 %
5 %
October Sold Price per Square Foot
$ 169
-1%
-2%
5 %
3 %
$ 173
7 %
5 %
October Month ' s Supply of Inventory
6.3
-6%
10 % -16%
4 %
5.7
-3%
-6%
October Sale Price vs List Price Ratio
92.9 %
-. 1 % -. 2 % -. 9 %
. 1 %
92.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
500
October Property sales were 261 , down 0.4 % from 262 in
October of 2016 and 6.5 % higher than the 245 sales last month .
450
Property
October 2017 Sales sales were at their lowest level compared to
500
400
October Property of 2016 sales and 2015 were . 261 October , down YTD 0.4 % sales from of 262 3,585 in are
October running of 2.7 2016 % ahead and 6.5 of % last higher year than ' s year-to-date the 245 sales sales last of month 3,492 . .
October 2017 sales were at their lowest level compared to
450
400
350
300
October of 2016 and 2015 . October YTD sales of 3,585 are
350
250
running 2.7 % ahead of last year ' s year-to-date sales of 3,492 .
300
200

Martin Agent County

Name
Title Phone Website Other

Community Information | School District

250 150
Number of Properties Sold
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 297,500 , up 10.0 %
Prices from $ 270,500 in October of 2016 and down 0.8 % from
The
$ 300,000 Median Sales last month Price in . The October Average was $ Sales 297,500 Price , up in 10.0 October % was
500 from
$ 390,048 $ 270,500 , up in 12.2 October % from of $ 2016 347,638 and in down October 0.8 % of from 2016 and up
N
D
J
F M A M J
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
14
15
16
17
500
Median Sales Price and Average Sales Price
450
J
A S O
3 Mo Avg
3 Mo Avg
$
12.5 300,000 % from last $ month 346,708 . The last Average month . Sales October Price 2017 in October ASP was at the
450
$ highest 390,048 level , up 12.2 compared % from to $ 347,638 October in of October 2016 and of 2016 2015 and . up
400
12.5 % from $ 346,708 last month . October 2017 ASP was at the
400
350
highest level compared to October of 2016 and 2015 .
350
300
300 250
269 347 281 308 393 404
269 347 281 308 393 404 435 469 368 326 324 331 272 317 265 299 384 413 421 433 375 319 321 262 249 317 246 324 414 388 471 432 387 417 245 261
250
200
200
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 1,654 of , up Properties 0.2 % from available 1,650 last for sale month as of and down
2,500
October
16.1 % from was 1,654 1,972 , up in October 0.2 % from of 1,650 last year last . month October and 2017 down
2,500
2,000
16.1
Inventory % from 1,972 was at in its October lowest of level last compared year . October with 2017 October of 2016
2,000
Inventory and 2015 was . at its lowest level compared with October of 2016
1,500 and 2015 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
4.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 6.3 higher months MSI was is better at a mid for level buyers compared . The October with October 2017 MSI of of 2016 6.3 and
500 months
2015 . was at a mid level compared with October of 2016 and
2015 .
0
500
2.0
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
2.0
0.0
2,228 2,169 2,242 2,264 2,149 2,068
435
2,228 2,169 2,242 2,264 2,149 2,068 1,933 1,869 1,847
469 368 326 324
Number of Properties Sold
331 272
1,933 1,869 1,847 1,800 1,812 1,922 1,906
317 265 299 384 413 421
1,863 2,032 2,106 2,080 2,079 1,987 1,900 433 375 319
1,906 1,872 1,905
1,800 1,812 1,922 1,906 1,863 2,032 2,106 2,080 2,079 1,987 1,900 1,906 1,872 1,905 1,972 2,016 1,999 321 262 249 317 246 324 414 388
2,159 2,170 2,163 2,076 1,986 1,995 1,897 1,785 1,650 1,654
3 Mo Avg
471
1,972 2,016 1,999 2,159 2,170 2,163 2,076 1,986 1,995 1,897 432 387 417
1,785 1,650 1,654
3 Mo Avg
245
261
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 .
c o l d w e l l b a n k e r h o m e s . c o m | 149