FL ARCHIVED February 2018 | Page 178

Market Action Report February 2018 Agent Name
Phone Community Information Website | School District Other Price Range : All | Properties : SFH - Con
Market Action Report February 2018 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other 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
$ 500,000
0 %
10 %
Average List Price of all Current Listings
$ 1,189,269
0 %
12 %
February Median Sales Price
$ 257,450
-0%
-1%
-5%
-10%
$ 258,000
-3%
-9%
February Average Sales Price
$ 430,245
17 %
3 %
-9%
-9%
$ 399,297
-13%
-16%
Total Properties Currently for Sale ( Inventory )
2,135
1 %
-13%
February Number of Properties Sold
68
5 %
-72%
133
-72%
February Average Days on Market ( Solds )
63 -28% -24% -27% -32%
74
-17%
-20%
Asking Price per Square Foot ( based on New Listings )
$ 274
-4%
-5% -17% -14%
$ 279
-11%
-12%
February Sold Price per Square Foot
$ 227
2 %
0 %
-9%
-10%
$ 225
-9%
-10%
February Month ' s Supply of Inventory
31.4
-4%
6 %
207 % 109 %
32.0
212 %
113 %
February Sale Price vs List Price Ratio
93.3 %
-. 7 %
. 7 % -1.3% -. 7 %
93.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
450
February Property sales were 68 , down 71.5 % from 239 in
February of 2017 and 4.6 % higher than the 65 sales last month .
400
Number of Properties Sold
3 Mo Avg
Property
February 2018 Sales sales were at their lowest level compared to
450
350
February Property of 2017 sales and 2016 were . 68 February , down 71.5 YTD % from sales 239 of 133 in are
February running of 72.3 2017 % behind and 4.6 % last higher year ' than s year-to-date the 65 sales sales last of month 481 ..
400
300
February 2018 sales were at their lowest level compared to
350
250
February of 2017 and 2016 . February YTD sales of 133 are running 72.3 % behind last year ' s year-to-date sales of 481 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 257,450 , down 5.0 %
Prices from $ 271,000 in February of 2017 and down 0.2 % from
The
$ 258,000 Median last Sales month Price . in The February Average was Sales $ 257,450 Price , in down February 5.0 % was
600 from
$ 430,245 $ 271,000 , down in February 9.0 % from of 2017 $ 472,846 and down in February 0.2 % from of 2017 and
$ up 258,000 17.3 % last from month $ 366,921 . The Average last month Sales . February Price in February 2018 ASP was was at
550
$ the 430,245 lowest , down level 9.0 compared % from $ to 472,846 February in February of 2017 and of 2017 2016 and .
500
M
A M J
15
600
550
500
450
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
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
up 17.3 % from $ 366,921 last month . February 2018 ASP was at the lowest level compared to February of 2017 and 2016 .
450
400
400
350
350
300
300
250
374 348 362 371 399 315
374 348 362 371 399 315 355 306 258 353 240 291 363 338 345 366 300 306 331 271 281 308 242 239 373 339 366 406 295 228 55 69 83 84 65 68
250
200
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 2,135 of , up Properties 0.9 % from available 2,116 for last sale month as of and down
3,000
February
12.8 % from was 2,448 2,135 , up in February 0.9 % from of 2,116 last last year month . February and down 2018
3,000
2,500
12.8
Inventory % from 2,448 was at in its February lowest level of last compared year . February with February 2018 of
2,500
Inventory
2017 and was 2016 at . its lowest level compared with February of
2,000
2017 and 2016 .
2,000
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
40.0
35.0
30.0
25.0
1,500
20.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
15.0
A comparatively lower MSI is more beneficial for sellers while a
1,000 higher MSI is better for buyers . The February 2018 MSI of 31.4 higher MSI is better for buyers . The February 2018 MSI of 31.4
500
10.0 months was at its highest level compared with February of
2017500 months was at its highest level compared with February of 2017
5.0 and 2016 .
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
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 J
F
15
16
17
18
15
16
17
18
355 306 258
2,474 2,449 2,387 2,337 2,326 2,275 2,251 2,339 2,400
2,474 2,449 2,387 2,337 2,326 2,275 2,251 2,339 2,400 2,332
2,511
353 240
2,742 2,743 2,754 2,696 2,629
2,332
Number of Properties Sold
291 363 338 345 366 300
2,511 2,742 2,743 2,754 2,696 2,629 2,548 2,489 306 331 271 281 308 242 239 373
2,548 2,489 2,365 2,382 2,394 2,334 2,486 2,448 2,446 2,301 2,206 2,173 2,165 2,092 339 366 406
2,365 2,382 2,394 2,334 2,486 2,448 2,446 2,301 2,206 2,173 2,165
295 228 55
2,066 2,098 2,117 2,098 2,116 2,135
69
2,092 2,066 2,098 2,117 2,098
83
3 Mo Avg
84
2,116
2,135 65 68
40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
90 | 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 .