FL ARCHIVED October 2017 | Page 75

Market Action Report October 2017
Phone Community Information | School District

County : Lee

Price Range : All | Properties : SFH - Con

Lee County

Agent Name
Market Action Report October 2017

Phone Community Information | School District

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
$ 299,900
0 %
-3%
Average List Price of all Current Listings
$ 466,225
0 %
-1%
October Median Sales Price
$ 224,990
-3%
0 %
5 %
5 %
$ 228,000
7 %
6 %
October Average Sales Price
$ 298,836
1 %
2 %
6 %
1 %
$ 310,474
6 %
5 %
Total Properties Currently for Sale ( Inventory )
7,678
8 %
-3%
October Number of Properties Sold
1,171
22 %
-9%
14,856
0 %
October Average Days on Market ( Solds )
84
-7%
-2%
9 %
9 %
85
12 %
10 %
Asking Price per Square Foot ( based on New Listings )
$ 193
11 %
7 %
1 %
6 %
$ 182
2 %
0 %
October Sold Price per Square Foot
$ 161
-1%
1 %
5 %
2 %
$ 167
7 %
6 %
October Month ' s Supply of Inventory
6.6 -11%
5 %
7 %
16 %
5.9
5 %
3 %
October Sale Price vs List Price Ratio
94.2 %
. 1 %
. 3 %
-. 1 %
-. 0 %
93.8 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
2,500 October Property sales were 1,171 , down 9.4 % from 1,293 in
October of 2016 and 21.9 % higher than the 961 sales last month . Property October 2017 Sales sales were at their lowest level compared to 2,5002,000
October Property of 2016 sales and 2015 were . 1,171 October , down YTD 9.4 % sales from of 1,293 14,856 in are October running of 0.2 2016 % ahead and 21.9 of % last higher year than ' s year-to-date the 961 sales sales last of month 14,823 . .
October 2017 sales were at their lowest level compared to 2,0001,500 October of 2016 and 2015 . October YTD sales of 14,856 are running 0.2 % ahead of last year ' s year-to-date sales of 14,823 .
1,5001,000
Title
Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
1,000
500
1,249 1,660 1,210 1,429 1,947
500 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 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in October was $ 224,990 , up 4.6 % from 350
Prices $ 215,000 in October of 2016 and down 3.0 % from $ 232,000 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in October Sales Price was $ in 224,990 October , up was 4.6 $ % 298,836 from ,
330
350 $ up 215,000 5.9 % in from October $ 282,244 of 2016 in October and down of 3.0 2016 % from and $ up 232,000 0.5 % from 310 last month . The Average Sales Price in October was $ 298,836 ,
330
$ 297,282 last month . October 2017 ASP was at the highest level 290 up 5.9 % from $ 282,244 in October of 2016 and up 0.5 % from 310 compared to October of 2016 and 2015 .
270
$ 297,282 last month . October 2017 ASP was at the highest level 290 250 compared to October of 2016 and 2015 . 270
230 250
210 230
190 210
170
190 170
150
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 7,678 of , up Properties 8.3 % from available 7,092 for last sale month as of and down 12,000
9.0
October 2.9 % from was 7,908 7,678 , in up October 8.3 % from of 7,092 last year last . month October and 2017 down 12,000
9.0 8.0 10,000
2.9 Inventory % from 7,908 was at in a October mid level of last compared year . October with October 2017 of 2016 and
8.0 7.0
10,000 Inventory 2015 . was at a mid level compared with October of 2016 and 8,000
7.0 6.0
2015 . 8,000
6.0 5.0 6,000
5.0 6,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 3.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 3.0 higher MSI is better for buyers . The October 2017 MSI of 6.6 2.0 higher MSI is better for buyers . The October 2017 MSI of 6.6 2,000 2.0 months was at its highest level compared with October of 2016 2,000 1.0 months was at its highest level compared with October of 2016 1.0 and 2015 . 0
0.0 and 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
2,039 1,868 1,905
1,249 1,660 1,210 1,429 1,947 2,039 1,868 1,905 1,721 1,465 1,493 1,440 1,156 1,559 1,146 1,171 1,628 1,813 1,797 1,659 1,441 1,505 1,370 1,293 1,309 1,465 1,184 1,226 1,959 1,730 1,895 1,747 1,451 1,532 961 1,171
7,739 7,814 8,368 8,353 8,032 7,594 7,055
7,739 7,814 8,368 8,353 8,032 7,594 7,055 6,652 6,366 6,176
1,721 1,465 1,493
6,652 6,366 6,176 6,242 6,657 8,191 7,131
7,272
6,242 6,657 7,131 7,272 1,440 1,156 1,559 1,146 1,171
8,833 8,855 8,551 8,149
1,628 1,813 1,797 1,659 1,441 1,505
8,191 8,833 8,855 8,551 8,149 7,794 7,510 7,342 7,493
7,794 7,510 7,342 7,493 7,908 8,349 8,503 1,370 1,293 1,309 1,465
7,908 9,358 8,349
9,670 9,426 8,859
1,184 1,226 1,959
8,503 9,358 9,670 9,426 8,859 1,730 1,895
8,349 7,916 7,523 7,268 7,092 7,678 1,747 1,451
8,349 7,916 7,523 7,268
1,532 961
7,092 7,678
1,171
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