FL ARCHIVED October 2017 | Page 86

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

County : Broward

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
$ 330,000
0 %
16 %
Average List Price of all Current Listings
$ 603,811
1 %
13 %
October Median Sales Price
$ 240,000
-3%
-7%
6 %
9 %
$ 240,000
9 %
9 %
October Average Sales Price
$ 273,808
-11% -14% -6%
-6%
$ 311,392
8 %
7 %
Total Properties Currently for Sale ( Inventory )
11,414
0 %
-11%
October Number of Properties Sold
874
-3%
-62%
21,632
-18%
October Average Days on Market ( Solds )
74
-3%
6 %
-12% -13%
72
-18%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 217
2 %
3 %
8 %
12 %
$ 210
9 %
8 %
October Sold Price per Square Foot
$ 173
-4%
-4%
6 %
7 %
$ 177
11 %
9 %
October Month ' s Supply of Inventory
13.1
4 %
28 % 131 % 124 %
6.8
15 %
16 %
October Sale Price vs List Price Ratio
94.5 %
. 2 %
-. 4 % -. 6 %
-. 6 %
94.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 October Property sales were 874 , down 61.6 % from 2,277 in
October of 2016 and 3.0 % lower than the 901 sales last month . 3,000 Property October 2017 Sales sales were at their lowest level compared to 3,500
October Property of 2016 sales and 2015 were . 874 October , down YTD 61.6 % sales from of 2,277 21,632 in are 2,500 October running of 17.7 2016 % and behind 3.0 % last lower year than ' s year-to-date the 901 sales sales last of month 26,291 . . 3,000
October 2017 sales were at their lowest level compared to
2,000 October of 2016 and 2015 . October YTD sales of 21,632 are 2,500 running 17.7 % behind last year ' s year-to-date sales of 26,291 . 1,500
2,000
1,000 1,500
500 1,000
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

1,979 2,621 1,942 2,044 2,689
Number of Properties Sold
0
500 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 $ 240,000 , up 6.2 % from 350
Prices $ 226,000 in October of 2016 and down 3.0 % from $ 247,500 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in October Sales Price was $ in 240,000 October , up was 6.2 $ % 273,808 from ,
330
350 $ down 226,000 6.2 in % October from $ 291,963 of 2016 in and October down 3.0 of % 2016 from and $ 247,500 down 10.9 % 310 last month . The Average Sales Price in October was $ 273,808 ,
330
from $ 307,448 last month . October 2017 ASP was at the lowest 290 down 6.2 % from $ 291,963 in October of 2016 and down 10.9 % 310 level compared to October of 2016 and 2015 .
270 from $ 307,448 last month . October 2017 ASP was at the lowest 290 250 level 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 11,414 of , up Properties 0.5 % from available 11,359 for last sale month as of and down 18,000
14.0
October 11.5 % from was 11,414 12,896 , up in 0.5 October % from of 11,359 last year last . month October and 2017 down 18,000 16,000
14.0 12.0
11.5 Inventory % from 12,896 was at in its October lowest level of last compared year . October with 2017 October of 2016 16,000 14,000 12.0
Inventory and 2015 was . at its lowest level compared with October of 2016 14,000
10.0 12,000
10.0 and 2015 .
12,000 10,000 8.0
10,0008,000 8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a 8,0006,000
6.0
A comparatively lower MSI is more beneficial for sellers while a 6,000
4.0 higher MSI is better for buyers . The October 2017 MSI of 13.1 4,000
4.0 higher MSI is better for buyers . The October 2017 MSI of 13.1 4,000 months was at its highest level compared with October of 2016 2,000
2.0 months was at its highest level compared with October of 2016 2,000 2.0 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
2,859 2,716 3,021 2,971 2,709
1,979 2,621 1,942 2,044 2,689 2,859 2,716 3,021 2,971 2,709 2,639 2,615 2,166 2,752 1,949 2,181 2,825 2,812 2,914 3,136 2,673 2,902 2,622 2,277 2,246 2,503 1,867 1,989 2,854 2,556 2,850 2,942 2,487 2,312 901 874
15,982 15,461 15,995 16,100 15,779 15,337 14,856 14,607 14,478 14,220 14,030 14,297 14,127
2,639
Number of Properties Sold
2,615
15,982 15,461 15,995 16,100 15,779 15,337 14,856 14,607 14,478 14,220 14,030 14,297 14,127
2,166
13,950 15,019
16,217 2,752 1,949 2,181 2,825 2,812 2,914 3,136 2,673
16,217 16,654 16,683 16,286 15,655 15,180 14,511
13,950 16,654
16,683 15,019 16,286 15,655 15,180 14,511 13,598 12,896 13,016
2,902 2,622 2,277 2,246 2,503 1,867 1,989 2,854
12,722 13,396 13,451 13,249 12,886 12,643 12,371 12,044 11,627 11,359 11,414
3 Mo Avg
2,556 2,850 2,942
13,598 12,896 13,016 12,722 13,396 13,451 13,249 12,886 12,643 12,371 12,044 11,627
2,487
3 Mo Avg
2,312
11,359
11,414 901 874
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
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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 .