FL ARCHIVED April 2018 | Page 24

City: Clearwater Price Range: All | Properties: SFH - Con April Average Sales Price Average List Price of all Current Listings Total Properties Currently for Sale (Inventory) April Median Sales Price April Number of Properties Sold April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Sold Sale Price Price per vs Square List Price April Foot Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 88.7% 40% 20% Inventory / New Listings / Sales 20 120 100 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 16 A M J J A S O N D J F M 17 M J 15 J A S O N D J F M A M J J A S O N D J F M A 18 15 16 17 18 Inventory & MSI 3 Mo Avg Inventory & MSI of Properties available for sale as of April The Total Inventory 1,000 The of Properties available for and sale down as of 9.6% April from was Total 628, Inventory down 5.6% from 665 last month 1,000 was down of 5.6% last 2018 month and down 9.6% from 695 628, in April last from year. 665 April Inventory was at its lowest 800 695 in compared April of last with year. April April level of 2018 2017 Inventory and 2016. was at its lowest 800 level compared with April of 2017 and 2016. 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 600 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 40 Median Sales Price and Average Sales Price 180 160 100 60 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 Median Sales Price and 17 Average Sales Price 18 3 Mo Avg 140 120 120 100 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 18 160 140 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 80 0 The Median Sales Price in April was $184,250, up 12.3% from Prices $164,110 in April of 2017 and up 6.5% from $173,000 last 240 The Median Sales Price Sales in April was in $184,250, up $197,226, 12.3% from month. The Average Price April was down $164,110 in April of 2017 and up 6.5% from $173,000 last 240 220 8.6% from $215,823 in April of 2017 and up 1.3% from $194,724 month. The Average Sales ASP Price was in April was range $197,226, down to last month. April 2018 at a mid compared 200 8.6% from $215,823 in April of 2017 and up 1.3% from $194,724 220 April of 2017 and 2016. last month. April 2018 ASP was at a mid range compared to 200 180 April of 2017 and 2016. Inventory / New Listings / Sales 50 Prices 0% This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2018 was 15, down 34.8% from 23 last month and down 25.0% from 20 in April of last year. 50 0 93.6% 93.1% 100 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 100 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price 3 Mo Avg 150 150 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 15 16 17 18 The Selling Price vs Original Listing Price reveals the average 120% amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more 100% of a Seller's market. The April 2018 Selling Price vs Original 80% List Price of 88.7% was down from 91.2% last month and down from 93.6% in April of last year. 60% 200 100 3 Mo Avg 250 120 2016. April YTD sales of 1,073 are running 4.8% ahead of last year's year-to-date sales of 1,024. 140 160 170 168 180 -4% 8% 6% -2% -0% Number of Properties Sold 200 350 April Property sales were 316, up 16.2% from 272 in April of 2017 and 4.3% higher than the 303 sales last month. April 2018 300 Property sales were Sales at their highest level compared to April of 2017 and 350 April Property sales were 316, up 16.2% from 272 in April of 250 2016. April YTD sales of 1,073 are running 4.8% ahead of last 2017 and 4.3% higher than the 303 sales last month. April 2018 300 year's year-to-date sales of 1,024. sales were at their highest level compared to April of 2017 and 200 198 220 240 4% 5% 1% -12% 47 -16% 13% 1,073 $141 10% 5% 10% $133 47 -16% 11% -4% -23% $141 2.5 10% -7% 8% .2% $133 94.8% 11% 0% 6% 2.0 -9% -17% -22% -23% 2.5 -7% -2% of 94.8% Properties 95.2% .5% .4% .6% Number .2% 0% Sold -0% April Month's Supply of Inventory 3 Mo Avg Selling Price per Square Foot Selling Price per Square Foot April Month's Inventory Asking Price per Supply Square of Foot (based on New Listings) $175,000 13% 1,073 $194,634 6% 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 Trending versus*: Prior YTD 13% Prior Year 4% 10% YTD $175,000 3% $194,634 6% 1% 0 56 April Average Sales Price 67 72 100 Trending versus*: Prior YTD Prior Year YTD 150 50 The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2018 Selling Price per Square Foot of $198 was down 3.4% from $205 last month and up 16.9% from 170 in April of last year. 6% 7% $296,922 Trending 8% versus*: 20% Month LM 7% L3M 5% PYM 12% LY $184,250 $19