FL ARCHIVED March 2018 | Page 40

City: Winter Haven Price Range: All | Properties: SFH - Con Market Profile & Trends Overview Median Price all Current Listings Price Range: All List | Properties: SFH of - Con March Average Sales Price Average List Price of all Current Listings Total Properties Currently for Sale (Inventory) March Median Sales Price March Number of Properties Sold March Average Sales Price March Average Days on Market (Solds) March Sold Price per Square Foot * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date March Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 6.0 5.0 4.0 5.0 300 6.0 400 7.0 7.0 400 0 Total Inventory & Month's Supply of Inventory (MSI) 500 3 Mo Avg Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI of Properties available for sale as of March The Total Inventory The of Properties available for and sale down as of 17.6% March from 700 was Total 422, Inventory down 5.8% from 448 last month 700 was down 5.8% 448 last month down 17.6% 512 422, in March of last from year. March 2018 and Inventory was at from its 600 512 in March last year. with March 2018 of Inventory at its 600 lowest level of compared March 2017 and was 2016. 500 lowest level compared with March of 2017 and 2016. 200 3 Mo Avg 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 18 400 18 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 15 16 17 18 Inventory & MSI 600 Inventory / New Listings / Sales Inventory / New Listings / Sales This last view of the market combines monthly inventory of 1,200 Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the 1,000 relationship between these items. The number of New Listings in March 2018 was 374, up 10.3% from 339 last month and down 800 14.6% from 438 in March of last year. 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 18 160 150 140 130 120 110 100 89% $171,434 last month. March 2018 ASP was at the highest level compared to March of 2017 and 2016. 90% 91% 92% Sales Price and 17 Average Sales Price Median Sales Price and Average Sales Price 93% Median 16 15 200 190 180 170 160 150 140 130 120 110 100 The Median Sales Price in March was $174,000, up 11.8% from Prices $155,700 in March of 2017 and down 0.6% from $175,000 last The Median Sales Price Sales in March was up $176,758, 11.8% from month. The Average Price in $174,000, March was up 200 $155,700 in March of 2017 and down 0.6% from $175,000 4.9% from $168,577 in March of 2017 and up 3.1% from last 190 month. The Average Sales Price in March was $176,758, up $171,434 last month. March 2018 ASP was at the highest level 180 4.9% from $168,577 in March of 2017 and up 3.1% from compared to March of 2017 and 2016. 170 93.8% 94% Prices 95% 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 0 0 95.8% 95.3% 20 96% 20 40 40 60 60 Avg Selling Price divided by Avg Listing Price for sold properties during the month 97% 120 80 3 Mo Avg 3 Mo Avg 140 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 95.8% was up from 95.6% last month and up from 95.3% in March of last year. 3 Mo Avg 140 100 120 80 100 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 6% 6% 3% -3% 1% 160 2018 sales were at their highest level compared to March of 2017 and 2016. March YTD sales of 391 are running 4.5% ahead of last year's year-to-date sales of 374. 6% 5% 2% 6% 10% 9% 6% -16% 6% 2% 3% Number of Properties Sold 180 92 200 100 March Property sales were 154, up 6.2% from 145 in March of 2017 and 19.4% higher than the 129 sales last month. March Property 2018 sales Sales were at their highest level compared to March of 200 March Property sales were 154, up 6.2% from 145 in March of 2017 and 2016. March YTD sales of 391 are running 4.5% ahead 180 2017 and 19.4% higher than the 129 sales last month. March of last year's year-to-date sales of 374. 160 111 13% 2.7 -21% -22% -22% -24% 3.5 -16% -3% of 95.6% Properties 95.8% .7% .3% .6% Number .8% 2% Sold 1% March Month's Supply of Inventory 150 140 130 120 110 100 90 80 70 60 50 March Sold Sale Price Price per vs Square List Price March Foot Ratio 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 $111 was up 5.0% from $106 last month and up 11.1% from 100 in March of