FL ARCHIVED April 2017 | Page 147

Market Action Report April 2017
Community Information | School District
Market Action Report April 2017

City : Palm Bay

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
$ 195,000
0 %
15 %
Average List Price of all Current Listings
$ 213,506
3 %
21 %
April Median Sales Price
$ 149,950
-9%
-3%
6 %
5 %
$ 155,000
15 %
8 %
April Average Sales Price
$ 162,131
1 %
1 %
8 %
8 %
$ 161,129
15 %
8 %
Total Properties Currently for Sale ( Inventory )
386
-9%
-11%
April Number of Properties Sold
180 -22%
-15%
720
-3%
April Average Days on Market ( Solds )
46
-8%
-4%
10 %
7 %
48
0 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 110
1 %
2 %
15 %
11 %
$ 108
15 %
9 %
April Sold Price per Square Foot
$ 104
4 %
4 %
13 %
13 %
$ 100
15 %
9 %
April Month ' s Supply of Inventory
2.1
17 %
-7%
4 %
-9%
2.5
-2%
5 %
April Sale Price vs List Price Ratio
96.0 %
. 7 %
. 5 % -1.1% -. 0 %
95.5 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
April Property sales were 180 , down 14.7 % from 211 in April of
2016 and 22.1 % lower than the 231 sales last month . April 2017
Property sales were Sales at their lowest level compared to April of 2016 and
300
250
April
2015 Property . April YTD sales sales were of 180 720 , down are running 14.7 % from 3.1 % 211 behind April last of year ' s
2016 year-to-date and 22.1 % sales lower of than 743 . the 231 sales last month . April 2017
250 sales were at their lowest level compared to April of 2016 and
200
2015 . April YTD sales of 720 are running 3.1 % behind last year ' s year-to-date sales of 743 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in April was $ 149,950 , up 5.6 % from
Prices $ 142,000 in April of 2016 and down 9.1 % from $ 165,000 last The month Median . The Sales Average Price Sales in April Price was in $ 149,950 April was , up $ 5.6 162,131 % from , up 8.2 % $ from 142,000 $ 149,803 in April in of April 2016 of and 2016 down and 9.1 up % 1.2 from % $ from 165,000 $ 160,166 last last 190
month . . The April Average 2017 Sales ASP was Price at in the April highest was $ level 162,131 compared , up 8.2 % to from $ 149,803 in April of 2016 and up 1.2 % from $ 160,166 last 170 April of 2016 and 2015 . month . April 2017 ASP was at the highest level compared to 150
April of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of April The was Total 386 , Inventory down 9.0 of % Properties from 424 last available month for and sale down as of 10.9 April % from was 433386 in , April down of 9.0 last % from year . 424 April last 2017 month Inventory and down was 10.9 at % its from lowest 700 433 level in compared April of last with year April . of 2017 2016 Inventory and 2015 was . at its lowest 600 level compared with April of 2016 and 2015 . 500 400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial April for 2017 sellers MSI while of 2.1 a 200
higher months MSI was is better at its highest for buyers level . The compared April 2017 with MSI April of 2.1 of 2016 and months was at its highest level compared with April of 2016 and
100
2015 . 2015 .
0
100
50
0
110 90 70 50
50
0
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
14
15
16
17
M
14
J
J
A S O N D
J
FMedian M A M JSales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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
14
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
600
5.0
4.0
500
4.0
400
300
3.0
3.0
2.0
200
2.0
100
1.0
1.0
0
0.0
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 A
14
15
16
17
14
15
16
17
0.0
237 233 204 179 198 195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 152 231 180
589 584
237 589 572
233 584 596
204 572 553
179 596 542
198 553 545
195 542
540 563
166 545
509 202 540
463 127
563
169 211 239 209 217 216 197 223 183 146 215
443 509
431 463
431
443 449
431 436
431
420 439
449
449 436
435 420
488 439
449 449
457 435
433 488
415 449
426 457
429 433
442 415
460 426 471
429 497 442
466 460
466 471
452 497
424 466
386 466
152 163 217 211 219 267 188 205 191 178 177 202 157 452
152
424 231
386
180
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 .
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