FL ARCHIVED December 2017 | Page 143

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

City : Palm Bay

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
$ 210,200
0 %
17 %
Average List Price of all Current Listings
$ 228,852
2 %
19 %
December Median Sales Price
$ 179,600
9 %
6 %
24 %
26 %
$ 165,000
16 %
15 %
December Average Sales Price
$ 182,125
5 %
3 %
22 %
22 %
$ 169,893
14 %
13 %
Total Properties Currently for Sale ( Inventory )
431
-7%
-9%
December Number of Properties Sold
223
19 %
10 %
2,442
3 %
December Average Days on Market ( Solds )
49
9 %
11 %
29 %
14 %
43
0 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 116
-3%
0 %
13 %
17 %
$ 112
13 %
13 %
December Sold Price per Square Foot
$ 112
2 %
2 %
15 %
21 %
$ 105
14 %
14 %
December Month ' s Supply of Inventory
1.9 -22% -16% -18% -19%
2.4
0 %
0 %
December Sale Price vs List Price Ratio
95.6 %
-. 4 %
-. 0 %
. 3 %
-. 4 %
95.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
December Property sales were 223 , up 9.9 % from 203 in
December of 2016 and 18.6 % higher than the 188 sales last
Property month . December Sales 2017 sales were at their highest level
300
250
December compared Property to December sales were of 2016 223 , and up 9.9 2015 % from . December 203 in YTD sales
December of 2,442 are of 2016 running and 18.6 3.0 % ahead higher of than last the year 188 ' s sales year-to-date last sales
250 month of 2,371 . December . 2017 sales were at their highest level compared to December of 2016 and 2015 . December YTD sales
200 of 2,442 are running 3.0 % ahead of last year ' s year-to-date sales
200
150
of 2,371 .
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

100
50
Number of Properties Sold
50
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 $ 179,600 , up 23.9 %
Prices from $ 144,900 in December of 2016 and up 8.7 % from
The
$ 165,250 Median last Sales month Price . in The December Average was Sales $ 179,600 Price in , up December 23.9 % was
200 from
$ 182,125 $ 144,900 , up 22.1 in December % from $ of 149,158 2016 and in December up 8.7 % from of 2016 and up
190
$
4.6 165,250 % from last $ month 174,057 . The last Average month . Sales December Price in 2017 December ASP was was at the
$ 182,125 , up 22.1 % from $ 149,158 in December of 2016 and up
180 highest level compared to December of 2016 and 2015 .
4.6 % from $ 174,057 last month . December 2017 ASP was at the
170 highest level compared to December of 2016 and 2015 .
160
150
140
130
120
110
100
J
F M A M J
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
15
16
17
3 Mo Avg
200
Median Sales Price and Average Sales Price
190
3 Mo Avg
180
170
160
150
140
130
120
110
100
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
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
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 431 of , down Properties 7.3 % available from 465 for last sale month as of and down
December
9.5 % from was 476 431 in , down December 7.3 % from of last 465 year last . December month and 2017 down
600
9.5
Inventory % from 476 was in at December its lowest of level last year compared . December with December 2017 of
500
Inventory
2016 and was 2015 at . its lowest level compared with December of
2016 and 2015 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
4.0
3.0
5.0
4.0
3.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The December 2017 MSI of 1.9 higher months MSI was is better at its lowest for buyers level . The compared December with 2017 December MSI of 1.9 of 2016
100 months and 2015 was . at its lowest level compared with December of 2016 and 2015 .
0
200
2.0
100
1.0
0
0.0
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
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 N D
15
16
17
15
16
17
2.0
1.0
0.0
127 169 211 239 210 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 203 157 153 234 186 240 271 221 213 164 192 188 223
565 511
127
565 169 211 239 210 217 216 197 223 183 146
Number of Properties Sold
215 152 163 217 211
3 Mo Avg
466
446 511
433 466
433 446
451 433
437 433
422 451 443
437 454 422
439
443 491 454
453 439
458 491
436
453 418 428
458
432 436
445 418
462 428
476 432
505 445
476 462
477 476
469 505
458 476
439 477
411 469 456
458 487 439 516
411 509 456
485 487
465 516
431 509
219 267 188 205 191 178 177 203 157 153 234 186 240 271 221 213 164 485
3 Mo Avg
192
465 188
431
223
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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