FL ARCHIVED October 2017 | Page 209

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

City : Pace

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
$ 235,445
-2%
2 %
Average List Price of all Current Listings
$ 260,934
-2%
5 %
October Median Sales Price
$ 205,000
-5%
-4%
14 %
9 %
$ 206,500
12 %
10 %
October Average Sales Price
$ 237,208
2 %
4 %
25 %
19 %
$ 219,462
10 %
10 %
Total Properties Currently for Sale ( Inventory )
250
-7%
-19%
October Number of Properties Sold
71 -34%
15 %
837
15 %
October Average Days on Market ( Solds )
111
22 %
17 %
28 %
3 %
96
-15%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 109
2 %
2 %
4 %
10 %
$ 105
7 %
6 %
October Sold Price per Square Foot
$ 105
3 %
2 %
11 %
13 %
$ 100
8 %
8 %
October Month ' s Supply of Inventory
3.5
40 %
14 % -29% -30%
4.1
-21%
-18%
October Sale Price vs List Price Ratio
96.8 % -1.9% -1.6% -. 4 %
-. 5 %
98.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
140
October Property sales were 71 , up 14.5 % from 62 in October of
2016 and 33.6 % lower than the 107 sales last month . October
120
Property
2017 sales Sales were at their highest level compared to October of
140
October
2016 and Property 2015 . sales October were YTD 71 , up sales 14.5 of % 837 from are 62 running October 15.0 of %
100
2016 ahead and of 33.6 last % year lower ' s year-to-date than the 107 sales of last 728 month . . October
2017 sales were at their highest level compared to October of
120
80
2016 and 2015 . October YTD sales of 837 are running 15.0 %
100
ahead of last year ' s year-to-date sales of 728 .
60
80
40
60
40
20
Number of Properties Sold
20
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 205,000 , up 14.0 %
Prices from $ 179,855 in October of 2016 and down 4.8 % from
The
$ 215,330 Median last Sales month Price . in The October Average was Sales $ 205,000 Price , in up October 14.0 % was
250 from
$ 237,208 $ 179,855 , up in 25.2 October % from of 2016 $ 189,477 and down in October 4.8 % from of 2016 and up
$ 215,330 last month . The Average Sales Price in October was
240
2.4 % from $ 231,699 last month . October 2017 ASP was at the
$ 237,208 , up 25.2 % from $ 189,477 in October of 2016 and up
230 highest level compared to October of 2016 and 2015 .
2.4 % from $ 231,699 last month . October 2017 ASP was at the
220 highest level compared to October of 2016 and 2015 .
210
200
190
180
170
160
150
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
J
A S O
14
15
16
17
3 Mo Avg
250
Median Sales Price and Average Sales Price
240
3 Mo Avg
230
220
210
200
190
180
170
160
150
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
The
October Total Inventory was 250 , down of Properties 7.1 % from available 269 last for month sale as of and down
October
18.6 % from was 250 307 , down in October 7.1 % from of last 269 year last . month October and 2017 down Inventory
400
400
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
14.0
12.0
18.6 was % at from its lowest 307 in level October compared of last year with . October 2017 of 2016 Inventory and
2015350 . was at its lowest level compared with October of 2016 and 2015 .
300
250
200
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 3.5 higher MSI is better for buyers . The October 2017 MSI of 3.5
100 months was at its lowest level compared with October of 2016 months was at its lowest level compared with October of 2016
50 and 2015 . and 2015 .
0
300
12.0
250
10.0
200
8.0
150
6.0
100
4.0
50
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
10.0
8.0
6.0
4.0
2.0
0.0
49 64 34 54 53 64 59 77 87 55 61 55 31 51 28 38 75 84 91 115 67 88 80 62 70 83 40 56 85 86 87 105 105 95 107 71
316

Pace

49 64
307
333 316
320 307
Agent Name
34
Title Phone Website Other

Community Information | School District

54 53 64
335 333
333 320
367 335
357 333 355
59
367
351 77
357
354 87
355 351
55
337 315
61
Number of Properties Sold
55 31 51 28 38 75 84 91 115
354 324
337 341 315
320
324 329 318
341
326 320
328 329
311 318
301 326
317 328
307 311
299 301
314 317
330 307
299 344 338
314 336 330
333 344
323 338
310 336
307 333
67 88 80 62 70 83 40 56 85 86 269
3 Mo Avg
323 87 250
310 105
307 105 269
3 Mo Avg
95
250 107 71
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 Ass 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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