FL ARCHIVED October 2017 | Page 66

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

City : Venice

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
$ 294,950
-2%
5 %
Average List Price of all Current Listings
$ 363,516
-2%
4 %
October Median Sales Price
$ 247,750
-3%
1 %
3 %
5 %
$ 245,000
5 %
4 %
October Average Sales Price
$ 275,259
0 %
1 %
6 %
5 %
$ 275,621
6 %
5 %
Total Properties Currently for Sale ( Inventory )
720
6 %
-5%
October Number of Properties Sold
192
19 %
-7%
2,211
4 %
October Average Days on Market ( Solds )
71
6 %
6 %
16 %
18 %
71
18 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 181
-1%
1 %
1 %
4 %
$ 180
5 %
3 %
October Sold Price per Square Foot
$ 165
2 %
0 %
2 %
3 %
$ 167
4 %
4 %
October Month ' s Supply of Inventory
3.8 -11%
4 %
2 %
2 %
3.9
9 %
6 %
October Sale Price vs List Price Ratio
95.2 %
. 6 %
. 6 %
. 0 %
. 5 %
94.2 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
October Property sales were 192 , down 6.8 % from 206 in
October of 2016 and 18.5 % higher than the 162 sales last month .
300
Property
October 2017 Sales sales were at a mid level compared to October of
350
October
2016 and Property 2015 . sales October were YTD 192 , sales down of 6.8 2,211 % from are 206 running 3.9 %
250
October ahead of of last 2016 year and ' s 18.5 year-to-date % higher than sales the of 162 2,128 sales . last month .
October 2017 sales were at a mid level compared to October of
300
200
2016 and 2015 . October YTD sales of 2,211 are running 3.9 %
250
ahead of last year ' s year-to-date sales of 2,128 .
150
200
100
150
100
50
Prices
The Median Sales Price in October was $ 247,750 , up 3.2 % from
Prices
$ 240,000 in October of 2016 and down 2.7 % from $ 254,500
290
The last Median month Sales . The Price Average in October Sales Price was $ in 247,750 October , up was 3.2 % $ 275,259 from ,
$ up 240,000 6.3 % from in October $ 258,846 of 2016 in October and down of 2.7 2016 % from and $ up 254,500 0.1 % from
290
270
last
$ 275,048 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 275,259 highest , level up 6.3 % from $ 258,846 in October of 2016 and up 0.1 % from
270 compared to October of 2016 and 2015 .
$ 275,048 last month . October 2017 ASP was at the highest level
250
250
230
compared to October of 2016 and 2015 .
230
210
50 0
0
Number of Properties Sold
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
J
F M A M J
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
Median Sales Price and Average Sales Price
163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 162 192
N D 14
210 190
190 170

Venice

163 195
170
150
150
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 720 , up of Properties 5.9 % from available 680 last for month sale as and of down 4.5 %
1,200
October from 754 was in 720 October , up 5.9 of % last from year 680 . October last month 2017 and Inventory down 4.5 % was at
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
from a mid 754 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 . was at
1,000 a mid level compared with October of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The October 2017 MSI of 3.8 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 3.8 of 2016
200 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
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
15
16
17
14
15
16
17
5.0
4.0
3.0
2.0
1.0
0.0
694 720 749 742 742 689 642
Agent Name
139
Title Phone Website Other

Community Information | School District

174 265 291 278
694 720 749 742 742 689 642 242 266
565
550 214 195
565 550 499 503 524 595 617
Number of Properties Sold
191
499 503 524 165 197 160 158 236 251 251
723 793 846 770 750 724 695 694
595 617
233 220
723 793 846 770 750 724 695 694
690 754
818 206
854 207 206 189
957 974 968
690
754 818 854 219 148 187
957 974 968 286 257
3 Mo Avg
295
3 Mo Avg
849 817 796 743 682 680 720 252 197
849 817 796 743 682
3 Mo Avg
235 162
680 720
192
66 | 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 .