FL ARCHIVED October 2017 | Page 48

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

County : Manatee

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 %
3 %
Average List Price of all Current Listings
$ 571,653
4 %
3 %
October Median Sales Price
$ 265,285
-4%
-3%
2 %
4 %
$ 269,000
5 %
5 %
October Average Sales Price
$ 353,075
3 %
1 %
17 %
5 %
$ 347,070
3 %
3 %
Total Properties Currently for Sale ( Inventory )
2,998
1 %
-3%
October Number of Properties Sold
582
-5%
-3%
7,190
-3%
October Average Days on Market ( Solds )
82
9 %
2 %
19 %
14 %
78
8 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 205
4 %
6 %
2 %
7 %
$ 194
3 %
1 %
October Sold Price per Square Foot
$ 172
-3%
-2%
8 %
2 %
$ 176
4 %
4 %
October Month ' s Supply of Inventory
5.2
6 %
11 %
-1%
14 %
4.8
9 %
6 %
October Sale Price vs List Price Ratio
94.6 %
. 2 %
. 3 %
-. 3 %
. 1 %
94.2 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,000
October Property sales were 582 , down 2.8 % from 599 in
October of 2016 and 4.7 % lower than the 611 sales last month .
900
Property
October 2017 Sales sales were at their lowest level compared to
1,000
800
October Property of 2016 sales and 2015 were . 582 October , down YTD 2.8 % sales from of 599 7,190 in are
October running of 3.4 2016 % behind and 4.7 % last lower year than ' s year-to-date the 611 sales sales last of month 7,440 . .
October 2017 sales were at their lowest level compared to
900
800
700
600
October of 2016 and 2015 . October YTD sales of 7,190 are
700
500
running 3.4 % behind last year ' s year-to-date sales of 7,440 .
600
400

Manatee Agent County

Name
Title Phone Website Other

Community Information | School District

500
300
565 766 576 607 802 836
Number of Properties Sold
565 766 576 607 802 836 864 880 783 675 697 711 527 742 539 578 796 875 861 870 790 803 729 599 585 724 530 603 837 791 860 850 718 808 611 582
3,096 3,075 3,190 3,243 3,159 2,964 2,733 2,697 2,629 864 880 783 675 697
2,536 2,615 2,729 2,855 2,920
Number of Properties Sold
400
200
300
100
200
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 265,285 , up 2.0 % from
Prices
$ 260,000 in October of 2016 and down 3.5 % from $ 275,000
The last Median month Sales . The Price Average in October Sales Price was $ in 265,285 October , up was 2.0 $ % 353,075 from ,
400
$ up 260,000 17.2 % in from October $ 301,224 of 2016 in October and down of 3.5 2016 % from and $ up 275,000 2.9 % from last month . The Average Sales Price in October was $ 353,075 ,
380
$ 343,152 last month . October 2017 ASP was at the highest level up 17.2 % from $ 301,224 in October of 2016 and up 2.9 % from
360 compared to October of 2016 and 2015 .
$ 343,152 last month . October 2017 ASP was at the highest level
340 compared to October of 2016 and 2015 .
320
300
280
260
240
220
200
N
D
J
F M A M J
J
Median
A S O N Sales D
J
F Price M A M and J J AAverage S O N DSales
J
F MPrice A M J
J
A S O
14
15
16
17
3 Mo Avg
400
Median Sales Price and Average Sales Price
380
3 Mo Avg
360
340
320
300
280
260
240
220
200
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 2,998 of , up Properties 1.1 % from available 2,966 last for sale month as of and down
4,000
October
3.4 % from was 3,102 2,998 , in up October 1.1 % from of 2,966 last year last . month October and 2017 down Inventory
4,0003,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
8.0
7.0
3.4 was % from at a mid 3,102 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 . was at a mid level compared with October of 2016 and 2015 .
3,5003,000
3,0002,500
7.0
6.0
6.0
5.0
2,5002,000
5.0
4.0
2,000
1,500
4.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
3.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 5.2
1,000 higher MSI is better for buyers . The October 2017 MSI of 5.2
1,000
2.0 months was at a mid level compared with October of 2016 and
500 months was at a mid level compared with October of 2016 and
500
1.0
2015 .
0
2015 .
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
3.0
2.0
1.0
0.0
3,096 3,075 3,190 3,243 3,159 2,964 2,733 2,697 2,629 2,536 2,615
711 527
3,275 3,461
2,729 2,855 2,920 742 539 578 796 875 861 870
3,275 3,461 3,427 3,379 3,171 3,114 2,977
3,427
3,379 3,171 3,114 2,977 2,873 2,885
3,102 790 803 729
2,873 3,277
2,885 3,290
3,102 3,588
599 585 724 530 603 837
3 Mo Avg
791 860
3,648
3,277 3,683
3,519 3,410 3,307 3,218 3,128 2,966 2,998 850 718
3,290 3,588 3,648 3,683 3,519 3,410 3,307 3,218 3,128
3 Mo Avg
808 611
2,966 2,998
582
48 | c o l d w e l l b a n k e r h o m e s . c o m
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 .