CAR ARCHIVED February 2017 | Page 14

Market Action Report February 2017 County : Davie
Community Information | School District
Market Action Report February 2017 County : Davie
Agent Name
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
$ 225,000
2 %
4 %
Average List Price of all Current Listings
$ 305,694
1 %
5 %
February Median Sales Price
$ 145,000
-32% -23% -7%
-19%
$ 195,500
16 %
9 %
February Average Sales Price
$ 192,610
-21% -13% 21 %
-8%
$ 224,820
15 %
7 %
Total Properties Currently for Sale ( Inventory )
246
5 %
-17%
February Number of Properties Sold
21 -43%
-42%
58
-19%
February Average Days on Market ( Solds )
71 -50% -41% -58% -37%
116
-11%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 111
4 %
4 %
6 %
9 %
$ 109
11 %
7 %
February Sold Price per Square Foot
$ 85
-12% -6%
8 %
-6%
$ 93
2 %
2 %
February Month ' s Supply of Inventory
11.7
84 %
55 %
43 %
75 %
9.0
9 %
35 %
February Sale Price vs List Price Ratio
88.3 % -5.1% -3.4% -4.2% -5.1%
91.3 %
-3%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 21 , down 41.7 % from 36 in February of 2016 and 43.2 % lower than the 37 sales last month . Property February 2017 Sales sales were at their lowest level compared to 70 February February
Property of 2016 sales and 2015 were
. 21 February , down 41.7
YTD % from sales 36 of in 58 are February of 2016 and 43.2 % lower than the 37 sales last month . running 19.4 % behind last year ' s year-to-date sales of 72 .
60
February 2017 sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 58 are 50 running 19.4 % behind last year ' s year-to-date sales of 72 . 40 30 20
Number of Properties Sold
10
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
14
15
16
17
Prices
The Median Sales Price in February was $ 145,000 , down 6.7 %
M
A M J
14
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
15
16
17
3 Mo Avg
Prices from $ 155,425 in February of 2016 and down 31.8 % from
240
The
$ 212,500 Median last Sales month Price . in The February Average was Sales $ 145,000 Price , in down February 6.7 % was from
$ 192,610 $ 155,425 , up in 21.4 February % from of $ 158,603 2016 and in down February 31.8 % of from 2016 and
240
220
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 212,500 20.8 last % month from $ . 243,102 The Average last month Sales Price . February in February 2017 was ASP
$ was 192,610 at a , mid up 21.4 range % from compared $ 158,603 to February in February of of 2016 2016 and and 2015 . down 20.8 % from $ 243,102 last month . February 2017 ASP
220
200
200
180
was at a mid range compared to February of 2016 and 2015 .
180
160
160 140
140 120
120 100 100
70 60 50 40 30 20 10
25 41 31 47 49 56 36 40 28 33 30 29 35 40 49 53 58 43 43 38 24 32 36 36 39 48 39 65 56 47 37 44 38 50 37 21
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
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
February Total Inventory was 246 , of up Properties 4.7 % from available 235 last for month sale as and of down
500
February
16.6 % from was 295 246 , in up February 4.7 % from of 235 last last year month . February and down 2017
500
18.0
400
16.6
Inventory % from 295 was in at February its lowest of level last compared year . February with 2017 February of
16.0
400
Inventory
2016 and was 2015 at . its lowest level compared with February of
14.0
300
2016 and 2015 .
12.0
300
10.0
200
A comparatively lower MSI is more beneficial for sellers while a
8.0
200
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 11.7
6.0
100 higher MSI is better for buyers . The February 2017 MSI of 11.7
100
4.0 months was at a mid level compared with February of 2016 and months was at a mid level compared with February of 2016 and
2.0
2015 .
0
2015 .
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 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
14
15
16
17
14
15
16
17
415

Davie

25 41 31
Title Phone

Community Information | School District

Website
Other
47 49 56 36 40 28
407
432 415
430 407
434 432
431 430
439 434
450 431
432 439
382 450
357 432
33
347
348 30 29
Number of Properties Sold
35 40 49 53 58 43 43 38 24
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
14
15
16
17
382 357
349 347
343
348 369
349 367 343 369
369 373
367 348
369
332 306
373
303
348
295 332
312 306
313 303
309 295
300 312
303 313
300 309
271 300
283 303
242 300
231 271 235 283
246 242
32 36 36 39 48 39 65 56 47 37 44
231 38
235
3 Mo Avg
50
246 37 21
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
14 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charlotte Regional REALTOR Association , Triad MLS , Inc . and may not reflect all relevant real estate activity . Coldwell Banker Residential Brokerage 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 .