FL ARCHIVED February 2018 | Page 170

Market Action Report February 2018
Community Information | School District
Market Action Report February 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
$ 323,900
1 %
14 %
Average List Price of all Current Listings
$ 597,880
1 %
11 %
February Median Sales Price
$ 242,000
-1%
0 %
15 %
1 %
$ 242,000
15 %
1 %
February Average Sales Price
$ 323,945
3 %
4 %
13 %
5 %
$ 318,901
12 %
3 %
Total Properties Currently for Sale ( Inventory )
11,690
0 %
-14%
February Number of Properties Sold
925
1 %
-54%
1,841
-52%
February Average Days on Market ( Solds )
77
-6%
-3%
0 %
5 %
79
4 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 196
3 %
-1%
1 %
-1%
$ 194
0 %
-2%
February Sold Price per Square Foot
$ 184
13 %
11 %
13 %
10 %
$ 173
7 %
4 %
February Month ' s Supply of Inventory
12.6
-1%
8 %
86 %
74 %
12.7
81 %
74 %
February Sale Price vs List Price Ratio
94.0 %
. 5 %
. 3 %
-. 7 %
-. 7 %
93.8 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
3,500
February Property sales were 925 , down 53.7 % from 1,999 in
February of 2017 and 1.0 % higher than the 916 sales last month .
3,000
Property
February 2018 Sales sales were at their lowest level compared to
3,500
February Property of 2017 sales and 2016 were . 925 February , down 53.7 YTD % sales from of 1,999 1,841 in are
2,500
February running of 52.5 2017 % behind and 1.0 % last higher year ' than s year-to-date the 916 sales sales last of month 3,874 ..
February 2018 sales were at their lowest level compared to
3,000
2,000
February of 2017 and 2016 . February YTD sales of 1,841 are
2,500
running 52.5 % behind last year ' s year-to-date sales of 3,874 .
1,500
2,000
1,000
1,500
1,000
500
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
0
500 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
0 15 16
17 18
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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in February was $ 242,000 , up 15.3 %
350
Prices from $ 209,900 in February of 2017 and down 1.2 % from Median Sales Price and Average Sales Price
3 Mo Avg The $ 244,950 Median last Sales month Price . in The February Average was Sales $ 242,000 Price , in up February 15.3 % was
330
350 from $ 323,945 $ 209,900 , up 12.8 in February % from of $ 287,063 2017 and in down February 1.2 % from of 2017 and up 310 $ 244,950 last month . The Average Sales Price in February was
330
3.2 % from $ 313,807 last month . February 2018 ASP was at the 290 $ 323,945 , up 12.8 % from $ 287,063 in February of 2017 and up 310 highest level compared to February of 2017 and 2016 .
270
3.2 % from $ 313,807 last month . February 2018 ASP was at the 290 250 highest level compared to February of 2017 and 2016 . 270
230 250
210 230
190 210
170
190 170
150
150 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 M J 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
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 11,690 of Properties , up 0.2 % from available 11,662 for last sale month as of and down 18,000
14.0
February 13.9 % from was 13,570 11,690 , in up February 0.2 % from of 11,662 last year last . month February and 2018 down 18,000 16,000
14.0 12.0
13.9 Inventory % from 13,570 was at in its February lowest level of last compared year . February with February 2018 of 16,000 14,000 12.0
Inventory 2017 and was 2016 at . its lowest level compared with February of 14,000
10.0 12,000
10.0 2017 and 2016 .
12,000 10,000 8.0
10,0008,000 8.0
6.0
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
4.0 higher MSI is better for buyers . The February 2018 MSI of 12.6 4,000
4.0 higher MSI is better for buyers . The February 2018 MSI of 12.6 4,000 months was at its highest level compared with February of 2017 2,000
2.0 months was at its highest level compared with February of 2017 2,000 2.0 and 2016 . 0
0.0 and 2016 .
0
0.0 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
A J F M A M J
F M A M J F
15 16
17 18
2,699 2,881 2,717 3,035 2,979 2,716 2,648 2,619 2,172 2,766 1,951 2,187 2,836 2,823 2,919 3,149 2,681 2,915 2,630 2,285 2,257 2,511 1,875 1,999 2,884 2,588 2,869 2,960 2,511 2,354 949 1,076 998 1,150 916 925
15,782 15,344 14,876 14,633 14,496 14,223 13,999 14,109 14,248 14,033
15,095
16,290
M
15
2,699 2,881 2,717 3,035 2,979 2,716 2,648 2,619 2,172
15,782 15,344 14,876 14,633 14,496 14,223 13,999 14,109 14,248
J A S O N D J
16
2,766 1,951
Number of Properties Sold
2,187 2,836 2,823 2,919 3,149
16,737 16,771 16,390 15,756 15,278 14,605 13,670 12,997
14,033 15,095
2,681
16,290 16,737 16,771 16,390 15,756 15,278 14,605 2,915 2,630
J A S O N D J
17
2,285 2,257 2,511 1,875 1,999 2,884 2,588 2,869 2,960 2,511
13,147 12,849 13,534 13,570 13,363 12,982 12,804 12,543 12,258 11,887 11,719 11,922 11,612 11,378 11,662 11,690
J A S O N D J 18
3 Mo Avg
2,354 949
13,670 12,997 13,147 12,849 13,534 13,570 13,363 12,982 12,804 12,543 12,258 11,887 11,719 11,922 11,612
1,076 11,378
998
3 Mo Avg
1,150
11,662
11,690 916 925
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 .