FL ARCHIVED February 2018 | Page 174

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

City : Coral Springs 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
$ 390,000
1 %
10 %
Average List Price of all Current Listings
$ 390,929
3 %
7 %
February Median Sales Price
$ 331,500
4 %
4 %
4 %
-4%
$ 322,250
2 %
-7%
February Average Sales Price
$ 321,027
13 %
10 %
5 %
2 %
$ 305,440
3 %
-3%
Total Properties Currently for Sale ( Inventory )
418
1 %
-10%
February Number of Properties Sold
48
33 %
-64%
84
-64%
February Average Days on Market ( Solds )
52 -28% -12% -22%
-2%
61
-8%
15 %
Asking Price per Square Foot ( based on New Listings )
$ 142
-6%
-1% -10%
-8%
$ 146
-5%
-6%
February Sold Price per Square Foot
$ 150
16 %
9 %
4 %
1 %
$ 141
-1%
-5%
February Month ' s Supply of Inventory
8.7 -24% -5% 153 % 79 %
10.1
143 %
108 %
February Sale Price vs List Price Ratio
96.0 %
2.9 % 1.4 % -. 7 %
-. 5 %
94.8 %
-2%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
250
February Property sales were 48 , down 64.2 % from 134 in
February of 2017 and 33.3 % higher than the 36 sales last month .
Property
February 2018 Sales sales were at their lowest level compared to
250
200
February Property of 2017 sales and 2016 were . 48 February , down 64.2 YTD % from sales 134 of 84 in are
February running of 63.6 2017 % behind and 33.3 last % higher year ' s than year-to-date the 36 sales sales last of month 231 . .
February 2018 sales were at their lowest level compared to
200
150
February of 2017 and 2016 . February YTD sales of 84 are
running 63.6 % behind last year ' s year-to-date sales of 231 .
150
100
Agent Name

Coral Springs Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
50
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
0
15
16
17
18
Prices
The Median Sales Price in February was $ 331,500 , up 4.1 % from
Prices
$ 318,500 in February of 2017 and up 4.2 % from $ 318,250 last
The month Median . The Sales Average Price Sales in February Price in was February $ 331,500 was , up $ 4.1 321,027 % from , up
400
$
4.7 318,500 % from in February $ 306,693 of in 2017 February and up of 4.2 2017 % from and $ up 318,250 12.8 % last from month . The Average Sales Price in February was $ 321,027 , up
380
$ 284,656 last month . February 2018 ASP was at the highest
4.7 % from $ 306,693 in February of 2017 and up 12.8 % from
360 level compared to February of 2017 and 2016 .
$ 284,656 last month . February 2018 ASP was at the highest
340 level compared to February of 2017 and 2016 .
320
300
280
260
240
220
200
M
A M J
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
18
3 Mo Avg
400
Median Sales Price and Average Sales Price
380
3 Mo Avg
360
340
320
300
280
260
240
220
200
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
The
February Total Inventory was 418 , of up Properties 1.2 % from available 413 last for month sale as and of down 9.5 %
February from 462 was in 418 February , up 1.2 of % last from year 413 . last February month and 2018 down Inventory 9.5 % was
900 from at its 462 lowest in February level compared of last year with . February 2018 of 2017 Inventory and 2016 was .
800 at its lowest level compared with February of 2017 and 2016 .
700
600
900
800
700
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
12.0
10.0
14.0
12.0
10.0
8.0
500
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The February 2018 MSI of 8.7 higher MSI is better for buyers . The February 2018 MSI of 8.7
200 months was at its highest level compared with February of 2017 months was at its highest level compared with February of 2017
100 and 2016 . and 2016 .
0
400
300
200
100
0
M
A M J
A J
15
J A S O N D J
F M A M J
F M A M J
16
J A S O N D J
F M A M J
F M A M J
17
8.0
6.0
4.0
2.0
0.0
J A S O N D J
F
F
18
6.0
4.0
2.0
0.0
164 183 165 197 192 192 172 166 134 202 131 145 170 195 216 231 202 220 216 170 150 157 97 134 159 150 189 201 154 169 45 53 56 56 36 48
852
M 15
816 164 852 808
183 816 834
165 808 818
197 834 772
192 818
745 754
192 772
701 172
745
660 166
754
706
J A S O N D J 16
134
701 202
782 811
660
131 145 170 195
706 828
782 790
811 783
828 789
790 216
684 783 554
231 789 450
202 684 454
220 554
216
J A S O N D J
17
170 150 157 97 134 159 150 189 201 154 169
440
471 450
462 454
471 440
481 471
490 462
495 471 470 481
439 490
433 495
450 470
430 439
407 433
413 450
418 430
J A S O N D J
18
45 53
407 56 413
56
418 36 48
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88 | c o l d w e l l b a n k e r h o m e s . c o m
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