DFW ARCHIVED February 2017 | Page 28

Smith Community Information | School District

Smith Community Information | School District

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
$ 1,405,500
4 %
-9%
Average List Price of all Current Listings
$ 1,700,733
1 %
-12%
February Median Sales Price
$ 1,200,000
-75%
0 %
-8%
-7%
$ 1,200,000
-8%
-7%
February Average Sales Price
$ 1,200,000
-75% -50% -8%
-27%
$ 2,383,333
83 %
46 %
Total Properties Currently for Sale ( Inventory )
30
0 %
11 %
February Number of Properties Sold
2
100 %
100 %
3
200 %
February Average Days on Market ( Solds )
228 -31% -13% 7500 % 192 %
262
8633 %
236 %
Asking Price per Square Foot ( based on New Listings )
$ 1,222
429 % 92 % 142 % 299 %
$ 826
103 %
170 %
February Sold Price per Square Foot
$ 211
-75% -51% -3%
-23%
$ 426
96 %
55 %
February Month ' s Supply of Inventory
15.0 -50% -33% -44% -33%
22.5
-17%
-0%
February Sale Price vs List Price Ratio
86.6 % 24.4 % 7.0 % -10.1%
-. 0 %
80.9 %
-16%
-7%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales February Property sales were 2 , up 100.0 % from 1 in February of 2016 and 100.0 % higher than the 1 sales last month . February 2017 sales were at their highest level compared to February of 2016 and 2015 . February YTD sales of 3 are running 200.0 % ahead of last year ' s year-to-date sales of 1 .
Prices The Median Sales Price in February was $ 1,200,000 , down 7.7 % from $ 1,300,000 in February of 2016 and down 74.7 % from $ 4,750,000 last month . The Average Sales Price in February was $ 1,200,000 , down 7.7 % from $ 1,300,000 in February of 2016 and down 74.7 % from $ 4,750,000 last month . February 2017 ASP was at the lowest level compared to February of 2016 and 2015 .
Number of Properties Sold
5
4
4
3
3
2
2
1
1
0
-1
M
A M J
14
J
A
S O N D
J
F M A M J
15
J
A
S O N D
J
F M A M J
16
J
A
S O N D
J
F
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
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
0 0 0 0 1 0 0 0 0 0 0 0 2 2 0 0 0 1 1 2 0 0 0 1 1 1 0 4 0 2 0 0 0 0 1 2
Inventory & MSI The Total Inventory of Properties available for sale as of February was 30 , equal to 30 last month and up 11.1 % from 27 in February of last year . February 2017 Inventory was at its highest level compared with February of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 15.0 months was at its lowest level compared with February of 2016 and 2015 .
50 40 30 20 10 0
50
Total Inventory & Month ' s Supply of Inventory ( MSI )
40
35.0
30.0
30
25.0
20
20.0
15.0
10
10.0
0
5.0
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 D0.0J
F
M
A14 M J
J
A S O N D J
F
M15 A M J
J
A S O N D J
F
M16 A M J
J
A S O N D J
F
17
14
15
16
17
18
22
24 18
27 22
24 31
27
28
31
26
28
23
26
22
23
20
22
22
20 25
23
22
23
25
23 23
23
23
27
26
28
28
26
25
25
27 27
33 28 28
27 26 28 28 26 25 25 27 27 28 28 28
40
43
28
33 40
40
38
43
40
40
35
38
40
30 30
35
30
30
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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