FL ARCHIVED April 2017 | Page 50

VENICE

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
$ 1,750,000
9 %
0 %
Average List Price of all Current Listings
$ 2,303,193
5 %
7 %
April Median Sales Price
$ 1,170,000
6 %
0 %
-28%
$ 1,170,000
0 %
-28%
April Average Sales Price
$ 1,170,000
-28% -33%
-25%
$ 1,748,000
0 %
12 %
Total Properties Currently for Sale ( Inventory )
15 -12%
-12%
April Number of Properties Sold
1 -67%
5
0 %
April Average Days on Market ( Solds )
154
123 % 77 %
45 %
87
0 %
-18%
Asking Price per Square Foot ( based on New Listings )
$ 0
-100% -100% -100% -100%
$ 465
-17%
-13%
April Sold Price per Square Foot
$ 328
-44% -38%
-21%
$ 529
0 %
27 %
April Month ' s Supply of Inventory
15.0
165 % 16 %
0 %
74 %
12.9
0 %
50 %
April Sale Price vs List Price Ratio
86.7 % -12.3% -7.6%
-4.8%
93.8 %
0 %
3 %
* 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 April Property sales were 1 , up from 0 in April of 2016 and 66.7 % lower than the 3 sales last month . April 2017 sales were at their highest level compared to April of 2016 and 2015 . April YTD sales of 5 are running ahead of last year ' s year-to-date sales of 0 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2 1 1
Prices The Median Sales Price in April was $ 1,170,000 , up from $ 0 in April of 2016 and up 6.4 % from $ 1,100,000 last month . The Average Sales Price in April was $ 1,170,000 , up from $ 0 in April of 2016 and down 27.9 % from $ 1,623,333 last month . April 2017 ASP was at the lowest level compared to April of 2016 and 2015 .
3 Mo Avg 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 -1 14
15 16
17
Median Sales Price and Average Sales Price
3 Mo Avg
2,700 2,500 2,300 2,100 1,900 1,700 1,500 1,300 1,100
20
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
14
15
16
17
F M A
20.0
0 1 0 2 0 0 0 0 0 0 0 1 0 0 2 1 0 1 0 1 0 0 0 0 1 0 2 0 2 0 2 1 0 1 3 1
Inventory & MSI The Total Inventory of Properties available for sale as of April was 15 , down 11.8 % from 17 last month and down 11.8 % from 17 in April of last year . April 2017 Inventory was at a mid level compared with April of 2016 and 2015 .
15
20 10
155
12
9 10 10 10
Total Inventory & Month ' s Supply of Inventory ( MSI )
11 11 12 13 15 15
15
15 14 14 15 15
16
16 15 15
15 15
16 16
17 17
16
16 17 17
17 17
16 16
17
17 13 14
8
7
9 12 13
15 15
17 17
18 18
17 17
15
15
15.0
10.0 20.0
15.0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2017 MSI of 15.0 months was at its highest level compared with April of 2016 and 2015 .
100
5
0
12
M
14
9 10 10 10 11 11 12 13
J
J
A S O N D J
15
14 14
F M A M J
J
A S O N D J
16
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
13 14
8
7
9 12 13
F M A M J
J
A S O N D J
F M A
17
10.0
5.0
0.0
50 | coldwellbankerluxury . com