FL ARCHIVED March 2018 | Page 174

Market Action Report March 2018
Community Information | School District
Market Action Report March 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
$ 399,650
3 %
11 %
Average List Price of all Current Listings
$ 396,238
2 %
11 %
March Median Sales Price
$ 349,900
6 %
6 %
5 %
1 %
$ 330,900
4 %
-4%
March Average Sales Price
$ 310,030
-3%
2 %
2 %
-2%
$ 307,810
3 %
-2%
Total Properties Currently for Sale ( Inventory )
414
-3%
-12%
March Number of Properties Sold
63
31 %
-60%
148
-62%
March Average Days on Market ( Solds )
45 -13% -12% -15% -15%
54
-10%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 155
10 %
5 %
-1%
0 %
$ 148
-5%
-5%
March Sold Price per Square Foot
$ 143
-5%
2 %
-2%
-4%
$ 142
-1%
-4%
March Month ' s Supply of Inventory
6.6 -26% -26% 121 % 35 %
8.9
137 %
83 %
March Sale Price vs List Price Ratio
96.0 %
. 0 %
. 8 %
-. 4 %
-. 5 %
95.4 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
250
March Property sales were 63 , down 60.4 % from 159 in March
of 2017 and 31.3 % higher than the 48 sales last month . March
Property
2018 sales Sales were at their lowest level compared to March of 2017
250
200
March and 2016 Property . March sales YTD were sales 63 , down of 14860.4 are % running from 159 62.1 in % March behind
of last 2017 year and ' s 31.3 year-to-date % higher than sales the of 390 48 sales . last month . March
2018 sales were at their lowest level compared to March of 2017
200
150
and 2016 . March YTD sales of 148 are running 62.1 % behind
last year ' s year-to-date sales of 390 .
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
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
0 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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg The Median Sales Price in March was $ 349,900 , up 5.4 % from
400
Prices $ 332,000 in March of 2017 and up 5.6 % from $ 331,500 last Median Sales Price and Average Sales Price
3 Mo Avg The month Median . The Sales Average Price Sales in March Price was in $ March 349,900 was , up $ 310,030 5.4 % from , up
380
400 $ 2.3 332,000 % from in $ March 303,115 of 2017 in March and up of 2017 5.6 % and from down $ 331,500 3.4 % last from 360 month . The Average Sales Price in March $ 310,030 , up
380
$ 321,027 last month . March 2018 ASP was at the highest level 340 2.3 % from $ 303,115 in March of 2017 and down 3.4 % from 360 compared to March of 2017 and 2016 .
320
$ 321,027 last month . March 2018 ASP was at the highest level 340 300 compared to March of 2017 and 2016 . 320
280 300
260 280
240 260
220
240 220
200
200 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 M
15 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 M
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 March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 414 , Inventory down 2.6 of % Properties from 425 last available month for and sale down as of 12.3 March % from 900
12.0 was 472414 in , March down 2.6 of % last from year 425 . March last month 2018 and Inventory down 12.3 was % at from its 900 800 12.0
10.0 472 lowest in March level of compared last year . with March March 2018 of Inventory 2017 and was 2016 at . its 800 700
10.0 lowest level compared with March of 2017 and 2016 .
700 600 8.0
600 500 8.0
500 6.0
400 6.0
A comparatively lower MSI is more beneficial for sellers while
400 a 300
4.0
A comparatively lower MSI is more beneficial for sellers while a 300
4.0 higher MSI is better for buyers . The March 2018 MSI of 6.6 200 higher MSI is better for buyers . The March 2018 MSI of 6.6 200
2.0 months was at its highest level compared with March of 2017 100
2.0 months was at its highest level compared with March of 2017 100 and 2016 .
0 0.0 and 2016 . 0
0.0 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
M J F M A M J
F M A M J F M
15 16
17 18
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 37 48 63
816
A 15
808 183 816 834
165 808
818 197 192 192 172 166 134
772
834
746
818
755
772
702
746
661
755
707
702
783
661
J A S O N D J
16
202 131
812 829
707 783
145 791
812 170 784
829 195 790
791 216
685 784
231
555 790 451
202 685 455
220 555
216
J A S O N D J
17
170 150 157 97 134 159 150 189 201 154 169
441
472 451
463 455
472 441
482 472
491 463
496 472
471 482 440 491
434 496
451 471
432 440
410
434 418
451
425 432
414 410
J A S O N D J
18
45 53 56
418 56 425
37
414 48 63
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
88 | 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 .