FL ARCHIVED April 2017 | Page 68

Market Action Report April 2017
Community Information | School District
Market Action Report April 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
$ 299,000
6 %
12 %
Average List Price of all Current Listings
$ 365,447
4 %
5 %
April Median Sales Price
$ 254,625
2 %
3 %
8 %
8 %
$ 247,000
10 %
5 %
April Average Sales Price
$ 288,470
3 %
3 %
10 %
10 %
$ 280,888
12 %
7 %
Total Properties Currently for Sale ( Inventory )
821 -14%
6 %
April Number of Properties Sold
256 -10%
2 %
877
9 %
April Average Days on Market ( Solds )
68 -13% -6%
19 %
13 %
72
26 %
20 %
Asking Price per Square Foot ( based on New Listings )
$ 187
5 %
4 %
6 %
7 %
$ 179
4 %
3 %
April Sold Price per Square Foot
$ 172
0 %
1 %
9 %
8 %
$ 171
8 %
7 %
April Month ' s Supply of Inventory
3.2
-4% -18%
4 %
-13%
4.5
12 %
24 %
April Sale Price vs List Price Ratio
93.7 %
-. 1 % -. 5 % -1.4% -1.1%
94.1 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Venice

Number of Properties Sold
3 Mo Avg
Property Sales
350
April Property sales were 256 , up 2.0 % from 251 in April of 2016 and 10.5 % lower than the 286 sales last month . April 2017 sales
300
Number of Properties Sold
3 Mo Avg
Property were at a mid Sales level compared to April of 2016 and 2015 . April
350
April
YTD Property sales of 877 sales are were running 256 , up 8.9 2.0 % ahead from 251 of last in April year ' of s year-todate
2016
250
10.5 sales % lower of 805 than . the 286 sales last month . April 2017 sales and were at a mid level compared to April of 2016 and 2015 . April YTD sales of 877 are running 8.9 % ahead of last year ' s year-todate sales of 805 .
300
250
200
150
200
100
150
100
50
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in April was $ 254,625 , up 8.4 % from
M
14
J
J
A S O N D
J
FMedian M A M JSales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
3 Mo Avg
Prices
$ 235,000 in April of 2016 and up 1.9 % from $ 249,950 last
The month Median . The Sales Average Price Sales in April Price was in $ 254,625 April was , up $ 8.4 288,470 % from , up
$
10.1 235,000 % from in April $ 261,907 of 2016 in April and up of 1.9 2016 % from and $ up 249,950 2.9 % from last
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 280,434 . The last Average month Sales . April Price 2017 in April ASP was $ at 288,470 the highest , up level
10.1 % from $ 261,907 in April of 2016 and up 2.9 % from
270 compared to April of 2016 and 2015 .
$ 280,434 last month . April 2017 ASP was at the highest level
250
250
230
compared to April of 2016 and 2015 .
230
210
210
190
190
170
170
150
150
M
M
J
14
J
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
A S O N D
J
F M
15 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
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 April
The was Total 821 , Inventory down 13.9 of % Properties from 953 available last month for and sale up as of 6.5 April % from 771
1,200 was in April 821 , down of last 13.9 year %. from April 953 2017 last Inventory month and was up 6.5 at its % from highest 771 level
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
in compared April of last with year April . April of 2016 2017 Inventory and 2015 . was at its highest level
1,000 compared with April 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 April 2017 MSI of 3.2 higher months MSI was is better at its highest for buyers level . The compared April 2017 with MSI April of 3.2 of 2016 and
200 months
2015 . was at its highest level compared with April of 2016 and
2015 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
1.0
0
0.0
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
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
14
15
16
17
14
15
16
17
5.0
4.0
3.0
2.0
1.0
0.0
243 226
243 226 211 222 199 210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 256
818 746 709 658 685 671
Agent Name
211
Title Phone Website Other

Community Information | School District

222 199 210 163 195 139
818 746 709 658 685 671 694 720 749
174
694 720 749 742 742 689 642 265 291 278
742 742 689 642 242 266 214 195
565 550 499 503 524 595 617
191 165
565 550 499 503 524 595 617 197 160 158 236
723 793 847
771 251
723 793 847 771 752 726 697 695 251 233 220
752 726 697 695
691 753
817
206
853
954 207 206
968 953
189
691
753 817 853
821 219 148
954 968
187 953
286
821 256
68 | 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 .