FL ARCHIVED April 2018 | Page 170

Market Action Report April 2018
Community Information | School District
Market Action Report April 2018

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
$ 329,000
2 %
10 %
Average List Price of all Current Listings
$ 609,368
2 %
10 %
April Median Sales Price
$ 260,000
-2%
3 %
13 %
8 %
$ 251,500
14 %
5 %
April Average Sales Price
$ 324,620
4 %
3 %
10 %
5 %
$ 313,911
6 %
2 %
Total Properties Currently for Sale ( Inventory )
11,675
-1%
-10%
April Number of Properties Sold
1,220
-8%
-53%
4,469
-52%
April Average Days on Market ( Solds )
73
-3%
-4%
3 %
0 %
76
3 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 194
-1%
0 %
0 %
-2%
$ 194
-1%
-2%
April Sold Price per Square Foot
$ 172
4 %
3 %
3 %
3 %
$ 166
1 %
-1%
April Month ' s Supply of Inventory
9.6
7 %
-6%
91 %
31 %
10.8
83 %
48 %
April Sale Price vs List Price Ratio
93.8 %
-. 2 % -. 0 % -1.2% -1.0%
93.8 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
3,500
April Property sales were 1,220 , down 52.9 % from 2,589 in April of 2017 and 7.6 % lower than the 1,320 sales last month . April
3,000
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their lowest level compared to April of
20173,500
April and Property 2016 . April sales YTD were sales 1,220 of , 4,469 down 52.9 are % running from 2,589 52.2 % in behind April
2,500
of last 2017 year and ' s 7.6 year-to-date % lower than sales the of 1,320 9,347 sales . last month . April
2018 sales were at their lowest level compared to April of 2017
and 2016 . April YTD sales of 4,469 are running 52.2 % behind last year ' s year-to-date sales of 9,347 .
3,000
2,000
2,500
1,500
2,000
1,000
1,500
1,000
500
500
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
15
16
17
18
Prices
The Median Sales Price in April was $ 260,000 , up 13.0 % from
Prices
$ 230,000 in April of 2017 and down 1.9 % from $ 265,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 260,000 April was , up $ 324,620 13.0 % from , up
350
$
10.1 230,000 % from in April $ 294,742 of 2017 in April and down of 2017 1.9 % and from up $ 3.9 265,000 % from last month . The Average Sales Price in April $ 324,620 , up
330
$ 312,511 last month . April 2018 ASP was at the highest level
10.1 % from $ 294,742 in April of 2017 and up 3.9 % from
310 compared to April of 2017 and 2016 .
$ 312,511 last month . April 2018 ASP was at the highest level
290 compared to April of 2017 and 2016 .
270
250
230
210
190
170
150
M
J
J
A S O N D
J
Median
F M A M Sales J
J
A Price S O N and D
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
18
3 Mo Avg
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
150
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
15
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M A
18
15
16
17
18
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 11,675 Inventory , down 1.1 of % Properties from 11,807 available last month for sale and as of down April 10.2 %
18,000 was from 11,675 13,004 , down in April 1.1 % from of last 11,807 year . last April month 2018 and Inventory down 10.2 was % at its
18,000
16,000 from lowest 13,004 level in compared April of last with year April . April of 2017 2018 and Inventory 2016 . was at its
16,000
14,000 lowest level compared with April of 2017 and 2016 .
14,000
12,000
12,000
10,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
12.0
10.0
14.0
12.0
10.0
8.0
10,0008,000
8.0
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 higher MSI is better for buyers . The April 2018 MSI of 9.6
4,000
4.0 higher MSI is better for buyers . The April 2018 MSI of 9.6
4,000 months was at its highest level compared with April of 2017 and
2,000 months was at its highest level compared with April of 2017 and
2,000
2.0
2016 .
0
2016 .
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
15
16
17
18
15
16
17
18
6.0
4.0
2.0
0.0
2,717 3,035 2,979 2,716 2,648 2,619 2,172 2,766
2,717 3,035 2,979 2,716 2,648 2,619 2,172 2,766 1,951 2,188 2,837 2,824 2,919 3,149 2,681 2,915 2,630 2,285 2,257 2,512 1,875 1,999 2,884 2,589 2,870 2,962 2,511 2,353 951 1,077 1,002 1,159 936 993 1,320 1,220
14,879 14,636 14,499 14,226 14,003 14,113 14,252
14,879 14,636 14,499 14,226 14,003 14,113 14,252 14,037
15,099 16,294
1,951 2,188 2,837 2,824 2,919 3,149 2,681
16,742 16,775 16,394 15,759 15,281 14,610 13,676 13,004
14,037
15,099 16,294 16,742 16,775 16,394 15,759 15,281 14,610 2,915 2,630 2,285 2,257 2,512 1,875 1,999 2,884 2,589 2,870 2,962 2,511 2,353 951
13,676 13,004 13,154 12,860 13,546 13,581 13,378 13,004 12,828 12,573 12,298 11,933 11,773 11,983 11,706
1,077
13,154 12,860 13,546 13,581 13,378 13,004 12,828 12,573 12,298 11,933 11,773 11,983 11,706 11,504 11,842 11,973 11,807 11,675 1,002 1,159
11,504 11,842 11,973 936 993
11,807
11,675 1,320 1,220
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
86 | c o l d w e l l b a n k e r h o m e s . c o m
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 .