FL ARCHIVED March 2018 | Page 124

Market Action Report
March 2018
Jupiter/Jupiter
Beach
Market Action Report
City: Jupiter
Title
Phone
Agent
Name
Website
Title Other
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
Property
Sales 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
300
March Property sales were 160, down 6.4% from 171 in March of
2017 and 23.1% higher than the 130 sales last month. March
250
Property
2018 sales Sales
were at their lowest level compared to March of 2017
300
March
Property
sales
were
160, of down
from 171 4.6%
in March
of of
and 2016.
March
YTD
sales
386 6.4%
are running
ahead
200
2017
and 23.1%
higher than
the of
130
sales last month. March
last year's
year-to-date
sales
369.
250
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
265
248
246
110
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 93.5% was down from 93.8% last month and up
from 93.3% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
95%
94%
93.5%
93.3%
94%
93%
92.6%
93%
92%
92%
91%
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
15
16
17
18
10.0
10.0
600
400
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
8.0
6.0
4.0
2.0
0.0
J F M
18
8.0
6.0
4.0
2.0
0.0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,000
900
800
700
600
500
400
300
200
100
0
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
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 226, down 9.6% from 250 last month and
down 14.1% from 263 in March of last year.
Inventory / New Listings / Sales
Inventory / New Listings / Sales
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
sellers
while
a
MSI is better
March for
2018
MSI
of 4.6
200
higher
MSI
is better
for buyers.
March with
2018 March
MSI of of
4.6 2017 and 200
months
was
at its lowest
level The
compared
months
was
at
its
lowest
level
compared
with
March
of
2017
and
0
2016.
0
2016.
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
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
15
16
17
15
16
17
18
.
199
3 Mo Avg
800
600
124 | c
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $265 was down
1.0% from $267 last month and up 7.6% from 246 in March of
last year.
Inventory & MSI
Median Sales Price and Average Sales Price
16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M 18
15
16
17
18
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
was Total
739, Inventory
up 0.1% from
738 last available
month and
from 870 1,000
The
of Properties
for down
sale as 15.1%
of March
in March
last from
year. 738
March
2018 Inventory
at from
its lowest
was
739, up of 0.1%
last month
and down was
15.1%
870 1,000
800
compared
with March
March 2018
of 2017
and 2016.
in level
March
of last year.
Inventory
was at its lowest
level compared with March of 2017 and 2016.
800
750
700
650
600
550
500
450
400
350
300
650
600
550
500
450
400
350
300
3 Mo Avg
A M J J A S O N D Median
J F M A M
J J A Price
S O N
D J Average
F M A M Sales
J J A Price
S O N D J F M
Sales
and
3 Mo Avg
15
16
17
18
Prices
Selling Price per Square Foot
Selling Price per Square Foot
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
15
16
17
18
0
50
0
$736,262 last month. March 2018 ASP was at the highest level
compared to March of 2017 and 2016.
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
15
16
17
18
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
15
16
17
18
50
100
The Median Sales Price in March was $482,498, up 12.5% from
$429,000 in March of 2017 and up 12.5% from $429,000 last
Prices
The
Median
Sales
Price Sales
in March
was
12.5% from
month.
The
Average
Price
in $482,498,
March was up
$779,258,
up
800
$429,000
in March
of 2017
and up of 12.5%
$429,000
last
32.2% from
$589,525
in March
2017 from
and up
5.8% from
month.
The last
Average
Sales
Price 2018
in March
up level 750
$736,262
month.
March
ASP was
was $779,258,
at the highest
700
32.2%
from to
$589,525
in 2017
March and
of 2017
compared
March of
2016. and up 5.8% from
0
100
150
10
150
200
40
20
3 Mo Avg
Number of Properties Sold
50
30
7%
4%
12%
9%
0%
$265 -1% 5% 8% 14%
$259
9%
12%
4.6 -19% -2 2% -9% -15%
5.9 -23%
9%
of 93.8%
Properties
93.5% -.3% -.4% .2% Number
.1%
0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
2018 sales were at their lowest level compared to March of 2017
and 2016. March YTD sales of 386 are running 4.6% ahead of
last year's year-to-date sales of 369.
7%
9%
7%
-23%
4%
0%
60
March Sold Price per Square Foot
0%
$289
386
5%
14%
$259
77
4%
-15%
5.9
$289
7%
.1%
93.8%
71
70
March Sale Price vs List Price Ratio
5% 10%
4% 28%
80
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
20%
386
26%
77
79
March Sold Price per Square Foot
March Average Days on Market (Solds)
26%
88
90
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
$450,500
$686,107
22%
10%
28%
3 Mo Avg
100
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$686,107
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 88, up 23.9% from 71
days last month and up 23.9% from 71 days in March of last year.
The March 2018 DOM was at a mid level compared with March
of 2017 and 2016.
March Average Sales Price
Trending versus*:
YTD
Prior YTD 20%
Prior Year
$450,500
18%
46%
Days On Market for Sold Properties
Market Time
March
Sales
Price
March Median
Number
of Properties
Sold
Trending versus*:
Prior YTD Prior Year
YTD
Average
List Price Currently
of all Current
Total Properties
for Listings
Sale (Inventory)
Community Information | School District
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Title
Phone
Website
Other
Price Range: All | Properties: SFH - Con
$595,000
-1%
8%
Other
$1,287,170 Trending
-1% versus*:
17%
Month
LM 12%
L3M 7%
PYM 12%
LY
$482,498
$595,000
-1% 6% 19%
8% 32%
$779,258
$1,287,170 739
-1% 0%
17% -15%
$482,498 160
12% 23%
7% 12% -6%
18%
$779,258 88
6% 24%
19% 14%
32% 24%
46%
739 0%
-15%
$278 -6% -4% 4%
160 23%
-6%
$265 -1% 5% 8%
88 24% 14% 24% 22%
4.6 -19% -22% -9%
$278 -6% -4% 4% 0%
93.5% -.3% -.4% .2%
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
March 2018
Jupiter/Jupiter Beach
City: Jupiter
March 2018
Community Information | School District
Price Range: All | Properties: SFH - Con
City: Jupiter
Agent Name
Market Action Report
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
15
16
17
18
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 Association of REALTORS
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.
.
| 125
Data is is provided
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Naples
Board of REALTORS,
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board c
of o
REALTORS,
of REALTORS,
of REALTORS
may n
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
l
d w e Emerald
l b Coast
a n Association
k e r Association
h
ome
s Pensacola
c o and
m Association
Data
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My Regional
Naples
Area
Board Area
of REALTORS,
REALTORS REALTORS
Association of Association
the Palm Beaches,
Space
Coast Association
of REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
Coast
Association
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant and
real estate
does not not warrant
warrant
guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
verify
and all information
relevant
to such consumer’s
estate transaction.
does
or or
guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller or to seller
verify to any
and any
all information
relevant to
such consumer’s
real estate real
transaction.