FL ARCHIVED October 2017 | Page 33

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

City : St Petersburg

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
$ 269,000
9 %
17 %
Average List Price of all Current Listings
$ 458,762
9 %
21 %
October Median Sales Price
$ 170,000
-8%
-9%
3 %
3 %
$ 185,000
16 %
12 %
October Average Sales Price
$ 244,503
-13% -8%
5 %
7 %
$ 260,327
15 %
14 %
Total Properties Currently for Sale ( Inventory )
1,325
-6%
-11%
October Number of Properties Sold
501
23 %
15 %
5,544
6 %
October Average Days on Market ( Solds )
50
2 %
6 %
-4%
-11%
51
-11%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 210
9 %
11 %
19 %
26 %
$ 184
12 %
10 %
October Sold Price per Square Foot
$ 166
-6%
-4%
10 %
11 %
$ 170
16 %
14 %
October Month ' s Supply of Inventory
2.6 -23% -8% -23% -10%
2.7
-7%
-7%
October Sale Price vs List Price Ratio
95.1 %
. 5 %
-. 1 %
. 3 %
. 7 %
95.0 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

St . Petersburg

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
800
October Property sales were 501 , up 14.9 % from 436 in October of 2016 and 22.8 % higher than the 408 sales last month .
Property
October 2017 Sales sales were at a mid level compared to October of
800
October
2016 and Property 2015 . sales October were YTD 501 , sales up 14.9 of % 5,544 from are 436 running October 6.4 % of 2016 and 22.8 % higher than the 408 sales last month .
700 ahead of last year ' s year-to-date sales of 5,211 .
October 2017 sales were at a mid level compared to October of
600
2016 and 2015 . October YTD sales of 5,544 are running 6.4 %
700
600
500
400
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 5,211 .
500
300
400
200
300
100
200
100
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 $ 170,000 , up 3.0 % from
Prices
$ 165,000 in October of 2016 and down 8.5 % from $ 185,750
The last Median month Sales . The Price Average in October Sales Price was $ in 170,000 October , up was 3.0 $ % 244,503 from ,
300
$ up 165,000 5.3 % in from October $ 232,195 of 2016 in October and down of 8.5 2016 % from and down $ 185,750 12.8 % last month . The Average Sales Price in October was $ 244,503 ,
280 from $ 280,368 last month . October 2017 ASP was at the up 5.3 % from $ 232,195 in October of 2016 and down 12.8 %
260 highest level compared to October of 2016 and 2015 . from $ 280,368 last month . October 2017 ASP was at the
240 highest level compared to October of 2016 and 2015 .
220
200
180
160
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
Median Sales Price and Average Sales Price
14
15
16
17
300
Median Sales Price and Average Sales Price
280
260
240
220
200
180
160
140
J
A S O
3 Mo Avg
3 Mo Avg
140
120
120
100
100
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
406 555 374 485 593
406 555 374 485 593 589 560 628 601 537 510 535 403 551 384 503 572 652 604 633 475 505 447 436 446 586 449 468 664 598 693 653 556 554 408 501
14 15
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
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 1,325 of , down Properties 5.6 % from available 1,403 for last sale month as of and down
2,500
October
11.4 % from was 1,325 1,496 , down in October 5.6 % from of last 1,403 year last . October month and 2017 down
2,500
11.4 % from 1,496 in October of last year . October 2017
2,000
Inventory was at its lowest level compared with 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 )
6.0
5.0
4.0
1,000
3.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
October for 2017 sellers MSI while of a 2.6 higher MSI is better for buyers . The October 2017 MSI of 2.6 months was at its lowest level compared with October of 2016
500 months was at its lowest level compared with October of 2016 and 2015 . and 2015 .
0
2.0
500
1.0
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
14
15
15
16
16
17
17
589 560
1,973 1,966 1,927 1,906 1,836 1,757 1,710
1,973 1,966 1,927 1,906 1,836 1,757 1,710 1,642 1,625 628 601
1,642
1,625 537 510 535 403 551 384
16
503 572 652 604
1,602 1,590 1,605 1,630 1,587 1,587 1,631 1,586 1,544 1,461 1,517
633
1,602 1,590 1,605 1,630 1,587 1,587 1,631 1,586 1,544 1,461 1,517 1,205 1,318 1,423 1,496 475 505 447 436 446 586
1,551 1,523 1,604 1,592 1,523 1,471
1,205 1,318 1,423 1,496
449
17
468 664 598 693
1,406 1,414 1,423 1,418 1,403 1,325 653 556
1,551 1,523 1,604 1,592 1,523 1,471 1,406 1,414 1,423 1,418
554 408
1,403 1,325
501
6.0 5.0
4.0 3.0 2.0 1.0 0.0
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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