FL ARCHIVED March 2018 | Page 194

Market Action Report March 2018
City : Weston Community Information Agent Website Name| School District
Market Action Report March 2018

City : Weston

Agent Name

Weston Title Market Action Report March 2018 Phone

City : Weston Community Information Agent Website Name| School District

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
Median List Price of all Current Listings
Price Range : All | Properties : SFH - Con
Average List Price of all Current Listings
$
Other 614,000
3 %
7 %
$ 787,474
Trending -1% versus *:
1 %
Trending versus *:
March Median Sales Price
$ 465,000
-4%
-4%
9 %
1 %
$ 485,000
14 %
6 %
March Average Sales Price
$ 614,000
$ 483,294
-19% -14%
7 %
-5%
$ 545,123
14 %
7 %
Total Properties Currently for Sale ( Inventory )
$ 787,474
384 -3% -16%
March Number of Properties Sold
$ 465,000 51 -11% -48%
$ 485,000
162
$ 483,294
$ 545,123
March Average Days on Market ( Solds )
85
0 % -11% 16 %
20 %
96
384
Asking Price per Square Foot ( based on New Listings )
$ 189
0 % 0 % -4% -3%
$ 189
51
162
March Sold Price per Square Foot $ 172 -4% -1% -5% -5%
$ 174
85
96
March Month ' s Supply of Inventory
7.5
9 %
4 %
61 %
16 %
7.3
$ 189
$ 189
March Sale Price vs List Price Ratio 93.0 % -1.1% . 3 % -2.7% -1.5%
93.0 %
$ 172
$ 174
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
7.5
7.3
-22%
28 % -4% -4%
4 % -2%
35 % -3% -4%
12 % -1%
93.0 %
Number of
93.0 Properties % Sold
3 Mo Avg
* LM
Property = Last Month / L3M Sales = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
160
March Property sales were 51 , down 48.0 % from 98 in March of
2017 and 10.5 % lower than the 57 sales last month . March 2018
140
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to March of 2017 and
160
March
2016 . Property March YTD sales sales were of 51162 , down are 48.0 running % from 21.7 98 % in behind March last of
2017 and 10.5 % lower than the 57 sales last month . March 2018
140 year ' s year-to-date sales of 207 . sales were at their lowest level compared to March of 2017 and
120
2016 . March YTD sales of 162 are running 21.7 % behind last
120
100
80
year ' s year-to-date sales of 207 .
100
60
80
40
60
20
40
0
20
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
Prices
The Median Sales Price in March was $ 465,000 , up 8.8 % from
Prices
$ 427,500 in March of 2017 and down 4.1 % from $ 485,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 465,000 was , up $ 483,294 8.8 % from , up
700
$
7.3 427,500 % from in $ March 450,580 of 2017 in March and down of 2017 4.1 % and from down $ 485,000 18.8 % last from month
$ 594,879 . The last Average month Sales . March Price 2018 in March ASP was $ at 483,294 the highest , up level
650
7.3 compared % from $ 450,580 to March in of March 2017 and of 2017 2016 and . down 18.8 % from
600
A
M J
15
700
650
600
550
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 594,879 last month . March 2018 ASP was at the highest level compared to March of 2017 and 2016 .
550
500
500
450
450
400
400
350
82 104 125 115 106 94 78 78 98 63 68 73 98 104 136 88 103 94 82 59 83 51 58 98 102 113 118 102 75 51 60 58 48 54 57 51
350
300
300
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
The was Total 384 , Inventory down 2.8 of % Properties from 395 last available month for and sale down as of 16.2 March % from was 458384 in , March down 2.8 of % last from year 395 . March last month 2018 and Inventory down 16.2 was % at from its
600
458 lowest in March level compared of last year . with March March 2018 of Inventory 2017 and was 2016 at . its
500 lowest level compared with March of 2017 and 2016 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The March 2018 MSI of 7.5 higher months MSI was is better at its highest for buyers level . The compared March 2018 with MSI March of 7.5 of 2017
100 months and 2016 was
. at its highest level compared with March of 2017 and 2016 .
0
200
4.0
100
2.0
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
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
15
16
17
18
4.0
2.0
0.0
481 475
82 481 472
104 475
478 125 115 106 94 78 78 98
459 472
438 478
414 459
384 438
385 414 417
384 466 385
63
500 512
417
68 73 98 104
466 519
500 528
512 538
519 509
528 136
451 538 440
88 509 430
103 451
404 94 82 59 83 51 58 98 102
441 440
445 430
458 404
471 441
460 445
509 458
519 471 497 460
454 113 509 463
118
519 424
102
497 454
394 75 397
463 51 395
424 60 384
394 58
397 48
395 54
384 57 51
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Data 98 Data is is provided provided | courtesy ccourtesy o lof dGreater of wGreater eFort lFort lLauderdale bLauderdale a nREALTORS k eREALTORS r h, REALTOR o, mREALTOR eAssociation s . Association c oof mMartin of Martin County , County Miami , Association Miami Association of REALTORS of REALTORS , My Florida , My Regional Florida MLS Regional , Naples MLS Area , Naples Board Area of REALTORS Board of , REALTORS REALTORS , Association REALTORS of Association the Palm Beaches of the , Palm Space Beaches Coast Association , Space Coast of REAL Asso does does not not warrant warrant or guarantee or guarantee the the accuracy accuracy of this of information this information . It is . the It is responsibility the responsibility of any of buyer any or buyer seller or to seller verify to any verify and any all information and all information relevant to relevant such consumer to such ’ consumer s real estate ’ s real transaction estate . transaction .