FL ARCHIVED February 2018 | Page 32

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

County : Pasco Pasco Agent County

Name
Title Phone

Community Information | School District

Agent

County : Pasco

Website Name
Price Range : All | Properties : SFH - Con
TitleOther
Phone Trending versus *: Trending versus *: Market Profile & Trends Overview Website Month LM L3M PYM LY YTD Prior YTD Prior Year
Price
Median
Range : All
List
| Properties
Price
: SFH
of
- Con
all Current Listings $ Other 239,900 4 % 10 % Average List Price of all Current Listings $ 273,753 Trending 4 % versus *: 8 %
Trending versus *: February Median Sales Price $ 194,000 18 % 2 % 14 % 5 % $ 181,000 9 % -2% February Average Sales Price $ 239,900 $ 214,316 11 % 3 % 18 % 7 % $ 204,605 15 % 2 %
$ 273,753 Total Properties Currently for Sale ( Inventory ) 2,374 -6% -9%
$ 194,000
$ 181,000 February Number of Properties Sold 799 14 % 6 % 1,500 5 %
$ 214,316
$ 204,605 February Average Days on Market ( Solds ) 64 16 % 12 % 2 % 16 % 60 -6% 9 % 2,374 Asking Price per Square Foot ( based on New Listings ) $ 120 1 % 1 % 9 % 5 % $ 120 10 % 5 % 799
1,500 February Sold Price per Square Foot $ 111 4 % 1 % 13 % 5 % $ 109 12 % 3 % 64
60 February Month ' s Supply of Inventory
$ 120
3.0 -18% -3% -14% 8 % $ 120
3.3 -11% 19 %
February Sale Price vs List Price Ratio
$ 111 95.0 % -. 2 % -. 4 % . 5 % -. 4 %
$ 109 95.1 % 1 % -0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
3.0 3.3
95.0 % Number of 95.1 Properties % Sold
* LM Property = Last Month / L3M Sales = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
1,400 February Property sales were 799 , up 6.0 % from 754 in
Number of Properties Sold
February of 2017 and 14.0 % higher than the 701 sales last 1,200 Property month . February Sales 2018 sales were at their highest level 1,400
February compared Property to February sales were of 2017 799 and , up 6.0 2016 %. from February 754 in YTD sales of 1,000 February 1,500 are of running 2017 and 5.3 14.0
%
% ahead higher of than last year the 701 ' s year-to-date sales last sales of 1,200 month February 2018 sales were at their highest level 1,424 .
800 compared to February of 2017 and 2016 . February YTD sales of 1,000 1,500 are running 5.3 % ahead of last year ' s year-to-date sales of 600 1,424 .
800 400
600
Market Action Report February 2018 Market Action Report February 2018
200
400
200
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 $ 194,000 , up 14.1 %
M
A M J
15
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
Median Sales Price and Average Sales Price
16
17
18
3 Mo Avg
Prices from $ 170,000 in February of 2017 and up 17.6 % from
240
The
$ 165,000 Median last Sales month Price . in The February Average was Sales $ 194,000 Price , in up February 14.1 % was from
$ 214,316 $ 170,000 , up 18.0 in February % from of $ 181,628 2017 and in up February 17.6 % from of 2017 and up
240
220
Median Sales Price and Average Sales Price
3 Mo Avg
$
10.7 165,000 % from last $ month 193,536 . The last Average month . Sales February Price in 2018 February ASP was was at the
$ 214,316 , up 18.0 % from $ 181,628 in February of 2017 and up
220
200 highest level compared to February of 2017 and 2016 .
10.7 % from $ 193,536 last month . February 2018 ASP was at the
200
180
highest level compared to February of 2017 and 2016 .
180
160
160 140
140 120
120 100
100
932 935 1,007 1,113
932 935 1,007 1,113 1,054 970 871 871 790 916 681 760 998 1,041 1,052 1,046 975 988 896 792 802 913 670 754 1,045 1,001 1,135 1,162 1,041 1,014 800 847 854 934 701 799
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
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 2,374 of , Properties down 6.1 % available from 2,529 for sale last as month of and
4,000
February down 8.6 was % from 2,3742,598 , down in 6.1 February % from 2,529 of last last year month . February and 2018
4,0003,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
down
Inventory 8.6 % from was at 2,598 its lowest in February level compared of last year with . February February 2018 of
Inventory
2017 and was 2016 at . its lowest level compared with February of
2017 and 2016 .
3,5003,000
3,0002,500
2,500
2,000
4.0
3.0
2,000
1,500
A comparatively lower MSI is more beneficial for sellers while
1,500 a
2.0
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
February for sellers
2018 MSI while of a 3.0
1,000 higher MSI is better for buyers . The February 2018 MSI of 3.0
1,000 months was at its lowest level compared with February of 2017
500
1.0 months was at its lowest level compared with February of 2017
500 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
15
16
16
17
17
18
18
1,054 970
3,622 3,579 3,538 3,389 3,338 3,278 3,181 3,082 3,075 871 871 790 916 681 760 998 1,041
3,012 3,011 2,950 2,895 2,801 2,633 2,667 2,592
1,052 1,046 975 988 896 792 802 913 670 754 1,045 1,001 1,135 1,162 1,041
3 Mo Avg
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
15
16
17
18
3,622 3,579 3,538 3,389 3,338 3,278 3,181 3,082 3,075 3,012 3,011 2,950 2,895 2,801 2,633 2,667 2,592 2,552 2,616 2,635 2,659 2,594 2,643 2,598
1,014 800
2,552 2,616 2,635 2,659 2,594 2,643 2,598 2,626 2,482 2,473 2,512 2,512 2,479 2,457 2,434 2,489 2,421 2,529 2,374 847 854
2,626 2,482 2,473 2,512 2,512 2,479 2,457 2,434 2,489 2,421
3 Mo Avg
934 701
2,529 2,374
799
5.0 4.0
3.0 2.0 1.0 0.0
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