FL ARCHIVED December 2017 | Page 141

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

City : Merritt Island

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
$ 376,550
2 %
-1%
Average List Price of all Current Listings
$ 533,174
1 %
-1%
December Median Sales Price
$ 250,000
-11%
-6%
-13%
5 %
$ 265,000
10 %
11 %
December Average Sales Price
$ 287,635
-6%
-7%
-9%
5 %
$ 306,289
12 %
12 %
Total Properties Currently for Sale ( Inventory )
262 -11%
-2%
December Number of Properties Sold
86
30 %
34 %
969
-0%
December Average Days on Market ( Solds )
65
41 %
3 %
2 %
12 %
55
-5%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 163
-6%
-4%
4 %
4 %
$ 168
8 %
8 %
December Sold Price per Square Foot
$ 140
-12%
-6%
-5%
4 %
$ 149
11 %
10 %
December Month ' s Supply of Inventory
3.0 -31% -22% -27% -15%
3.7
3 %
3 %
December Sale Price vs List Price Ratio
93.0 % -2.5% -1.1% 1.0 % -1.0%
94.4 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
December Property sales were 86 , up 34.4 % from 64 in
December of 2016 and 30.3 % higher than the 66 sales last
Property month . December Sales 2017 sales were at their highest level
120
100
December compared Property to December sales were of 2016 86 , up and 34.4 2015 % from . December 64 in YTD sales
December of 969 are of running 2016 and 0.1 30.3 % behind % higher last than year the ' s 66 year-to-date sales last sales of
100 month
970 . . December 2017 sales were at their highest level compared to December of 2016 and 2015 . December YTD sales
80 of 969 are running 0.1 % behind last year ' s year-to-date sales of
80
60
970 .
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40
20
Number of Properties Sold
20
0
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
0
15
16
17
Prices
The Median Sales Price in December was $ 250,000 , down
Prices
13.2 % from $ 288,000 in December of 2016 and down 10.7 %
The from Median $ 280,000 Sales last Price month in December . The Average was $ 250,000 Sales Price , down in
400
13.2
December % from $ was 288,000 $ 287,635 in December , down 8.7 of % 2016 from and $ 315,048 down 10.7 in %
J
F M A M J
15
400
350
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
December $ 280,000 of 2016 last month and down . The 5.6 Average % from Sales $ 304,675 Price in last month . was $ 287,635 , down 8.7 % from $ 315,048 in
350
December 2017 ASP was at a mid range compared to December
300
December of 2016 and of 2016 2015 and . down 5.6 % from $ 304,675 last month .
December 2017 ASP was at a mid range compared to December
300
250
of 2016 and 2015 .
250
200
61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 69 66 86
200
150
150
J
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
15
16
17
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
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
The
December Total Inventory was 262 of , down Properties 10.6 % available from 293 for last sale month as of and down
December
1.5 % from was 266 262 in , December down 10.6 % of from last year 293 . last December month and 2017 down
450
1.5
Inventory % from 266 was in at December its lowest of level last year compared . December with December 2017 of
400
Inventory
2016 and was 2015 at . its lowest level compared with December of
350
2016 and 2015 .
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The December 2017 MSI of 3.0 higher MSI is better for buyers . The December 2017 MSI of 3.0
100 months was at its lowest level compared with December of 2016 months was at its lowest level compared with December of 2016
50 and 2015 . and 2015 .
0
450
400
350
300
250
200
150
100
50
0
J
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
A S O N D
363
J
15
61 52 81 99 103 102
388
375 363
364 388
382 375
342 364
345 382
320 342
100 109 91 89 55
Number of Properties Sold
73 47 83 87 91
287 345 293 320
306 287 316 293
314 306
298 316
293 314
288
298 272 293
293
289 288
263 272
256 293
250 289
258 263
266 256
3 Mo Avg
260 250
259 258
280 266
280 260
259 307 318
280 328 280 309
307 298
318 291
328 293
309 262
298
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 15
16 17
16
17
96 95 84 91 92 69 71 64 58 64 88 95 100 97 75 102 69 291
3 Mo Avg
69
293 66
262 86
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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 Assoc 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 .
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